401(k) · DOL Form 5500 · 2023

Smithfield Foods Incorporated 401(k) Plan

Data updated 2026-08-25

$308M
Total assets Above avg plan size
16,361
Participants Very large workforce
96th
Percentile by assets National rank
$18,822
Avg per participant Low balance/head
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Official DOL plan name: Smithfield Foods, Inc. Bargaining 401(k) Plan · Sponsored by Smithfield Foods Incorporated · Virginia · Management of Enterprises

$308M in assets, 16,361 participants

Smithfield Foods Incorporated's Smithfield Foods, Inc. Bargaining 401(k) Plan reported $308M in total assets and 16,361 participants in its 2023 DOL Form 5500 filing, ranking in the 96th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #990 in Management of Enterprises (1,137 peers)

Coverage in Virginia

Smithfield Foods, Inc. Bargaining 401(k) Plan covers 16,361 participants in Virginia, 21x the typical Virginia plan (state average ~782 per filing). Assets: $308M.

#990
in Management of Enterprises (1,137 peers)
+10.3%
assets growth YoY
3.1×
vs typical plan assets (national mean)

Smithfield Foods, Inc. Bargaining 401(k) Plan's outsized position by total assets

Smithfield Foods, Inc. Bargaining 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$307,940,466 Top 4% higher than 96% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Smithfield Foods, Inc. Bargaining 401(k) Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Smithfield Foods, Inc. Bargaining 401(k) Plan is a mega filing (16,361 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Smithfield Foods, Inc. Bargaining 401(k) Plan reported net income rose from -$40M in the plan year 2022 filing to $32M in the plan year 2023 filing.
  • Smithfield Foods, Inc. Bargaining 401(k) Plan end-of-year assets rose from $279M in the plan year 2022 filing to $308M in the plan year 2023 filing.
  • Smithfield Foods, Inc. Bargaining 401(k) Plan reported participants fell from 16,413 in the plan year 2022 filing to 16,361 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 520845861 · Smithfield Foods Incorporated PY 2023 · 401(k)

Smithfield Foods, Inc. Bargaining 401(k) Plan · $308M · 16,361 · 96th

  • ASSETS $308M
  • ASSETS 16,361
  • ASSETS 96th
  • ASSETS 401(k)
  • ASSETS near Carepoint Health, LLC 401(k) Profit Sharing Plan
  • ASSETS ind #990

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Management of Enterprises retirement plans → · Plans in Virginia →

Smithfield Foods, Inc. Bargaining 401(k) Plan in the asset neighbourhood

National Aerospace Solutions, LLC Employees Savings PlanNational Aerospace Solutions…$308MSmithfield Foods, Inc. Bargaining 401(k) PlanSmithfield Foods, Inc. Barga…$308MCarepoint Health, LLC 401(k) Profit Sharing PlanCarepoint Health, LLC 401(k)…$308MIsolved 401-K Plan$308MMinuteclinic 401(k) Plan$308M
End-of-year total assets ($M) among Smithfield Foods, Inc. Bargaining 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$279M
Net Assets (End of Year)$308M
Net Income$32M
Employer EIN520845861
Plan Effective Date2002-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Smithfield Foods Incorporated)

Sponsor-wide plan assets over time

All Smithfield Foods Incorporated plans reported in each filing year

Latest sponsor-wide plan assets
$3.1B 13.015664714333026% vs 2022
2024 filing year
$2.6B$2.8B$3B$3.2B 202220232024 $2.72B $3.07B ▲ +12.9%
Year Plans Participants Total Assets
2022 5 55,579 $2.7B
2023 5 55,064 $3.0B
2024 5 48,205 $3.1B

Nearby 401(k) Plans in Virginia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Smithfield Foods, Inc. Bargaining 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. 020000400006000080000100000120000 -10010203040 Total assets ($B) Participants Smithfield Foods, Inc. Bargaining 401(k) Plan, Total assets ($B): 0.307940466 · Participants: 16361Smithfield Foods, Inc. Bargaining 401(k) PlanNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Smithfield Foods, Inc. Bargaining 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Smithfield Foods, Inc. Bargaining 401(k) Plan side-by-side with 3 peers →

Scale composition for Smithfield Foods, Inc. Bargaining 401(k) Plan

Smithfield Foods, Inc. Bargaining 401(k) Plan reports $308M in end-of-year assets across 16,361 participants (0.002% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.017% of 93,925,755 covered participants) - about $18,822 per participant (14% of the national average assets-per-participant) . Net income for plan year 2023 was $32M.

This plan identity (EIN 520845861, plan #004) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $279M to $340M (+21.8%) while covered participants moved from 16,413 to 13,513 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 16,413 $279M Open filing
2023 16,361 $308M This page
2024 · index core 13,513 $340M Open filing

The same sponsor also keeps 4 other index-core plans on PlainRetire:

Smithfield Foods, Inc. Bargaining 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Carepoint Health, LLC 401(k) Profit Sharing Plan in CO ($308M); by covered participants it is Schneider National, Inc. 401(k) Savings and Retirement Plan in WI (16,358 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($308M here).

Similar participant headcount

Nearest other-state filings by covered participants (16,361 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Smithfield Foods, Inc. Bargaining 401(k) Plan assets move in 2023? ▼
Smithfield Foods, Inc. Bargaining 401(k) Plan grew at a solid clip - up 10.3% during 2023, from $279M to $308M. Reported net income was $32M.
How have Smithfield Foods Incorporated plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Smithfield Foods Incorporated's sponsor-wide assets grew 13.0%, from $2.7B to $3.1B.
Where does Smithfield Foods, Inc. Bargaining 401(k) Plan rank by assets among Form 5500 filers? ▼
Smithfield Foods, Inc. Bargaining 401(k) Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Smithfield Foods, Inc. Bargaining 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Carepoint Health, LLC 401(k) Profit Sharing Plan in CO ($308M, 823 participants).
Which 401(k) plans cover a similar participant headcount to Smithfield Foods, Inc. Bargaining 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Schneider National, Inc. 401(k) Savings and Retirement Plan in WI (16,358 participants, $824M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 520845861.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.