401(k) · DOL Form 5500 · 2023

Smithfield Foods Incorporated 401(k) Plan

Data updated 2026-08-11

$308M
Total assets
16,361
Participants
96th
Percentile by assets
$18,822
Avg per participant
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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.

  • 96th percentile by assets (of 127,072 plans)
  • #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.

$308M
total plan assets (2023 EOY)
16,361
covered participants
96th
percentile by assets (of 127,072 plans)
$18,822
avg assets per participant

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 2023→2024 release diff →

State
Virginia
Industry
Management of Enterprises

Participants vs Virginia filers

In Virginia, the average filing covers about 782 participants across 3,655 plans. Smithfield Foods, Inc. Bargaining 401(k) Plan reports 16,361 participants - 21x that state average ($308M EOY assets).

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)

$2.6B$2.8B$3B$3.2B 202220232024 $2.72B $3.07B ▲ +12.9%
Total plan assets by year, all Smithfield Foods Incorporated plans on file
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

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, In…Northrop Grumman Sav…401(k) Pension PlanGeneral Dynamics Cor…Leidos, Inc. Retirem…Bae Systems Employee…
Smithfield Foods, Inc. Bargaining 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Smithfield Foods, Inc. Bargaining 401(k)… 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:

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Smithfield Foods, Inc. Bargaining 401(k) Plan by total assets, not by location.

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).

Next read for Smithfield Foods, Inc. Bargaining 401(k)…

Filing takeaways

Ways to act on Smithfield Foods, Inc. Bargaining 401(k) Plan's numbers.

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.