401(k) · DOL Form 5500 · 2024

Hormel Foods Corporation 401(k) Plan

Data updated 2026-08-25

$1.2B
Total assets Very large vs avg
4,950
Participants Above avg headcount
99th
Percentile by assets National rank
$234,469
Avg per participant Above avg balance/head
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Official DOL plan name: Hormel Foods Corporation Tax Deferred Investment Plan a * · Sponsored by Hormel Foods Corporation · Minnesota · Manufacturing

$1.2B in assets, 4,950 participants

Hormel Foods Corporation's Hormel Foods Corporation Tax Deferred Investment Plan a * reported $1.2B in total assets and 4,950 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.

  • #17,364 in Manufacturing (17,777 peers)

Coverage in Minnesota

Hormel Foods Corporation Tax Deferred Investment Plan a * covers 4,950 participants in Minnesota, 4.4x the typical Minnesota plan (state average ~1,126 per filing). Assets: $1.2B.

#17,364
in Manufacturing (17,777 peers)
+7.2%
assets growth YoY
12×
vs typical plan assets (national mean)

Hormel Foods Corporation Tax Deferred Investment Plan a *'s outsized position by total assets

Hormel Foods Corporation Tax Deferred Investment Plan a * vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$1,160,623,275 Top 1% higher than 99% of 123,620 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 2024

Hormel Foods Corporation Tax Deferred Investment Plan a *'s large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Hormel Foods Corporation Tax Deferred Investment Plan a * lands in the large band (4,950 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Hormel Foods Corporation Tax Deferred Investment Plan a * reported net income rose from $48M in the plan year 2023 filing to $78M in the plan year 2024 filing.
  • Hormel Foods Corporation Tax Deferred Investment Plan a * end-of-year assets rose from $1.1B in the plan year 2023 filing to $1.2B in the plan year 2024 filing.
  • Hormel Foods Corporation Tax Deferred Investment Plan a * reported participants fell from 5,009 in the plan year 2023 filing to 4,950 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 410319970 · Hormel Foods Corporation PY 2024 · 401(k)

Hormel Foods Corporation Tax Deferred Investment Plan a * · $1.2B · 4,950 · 99th

  • IND $1.2B
  • IND 4,950
  • IND 99th
  • IND 401(k)
  • IND near Southeastern Freight Lines Retirement Savings Program
  • IND ind #17364

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 Manufacturing retirement plans → · Plans in Minnesota →

Hormel Foods Corporation Tax Deferred Investment Plan a * in the asset neighbourhood

Hormel Foods Corporation Tax Deferred Investment Plan a *Hormel Foods Corporation Tax…$1.2BSoutheastern Freight Lines Retirement Savings ProgramSoutheastern Freight Lines R…$1.2BConsolidated Communications, Inc. 401(k) PlanConsolidated Communications,…$1.2BPillsbury Winthrop Shaw Pittman LLP Retirement Savings Plan No. 1Pillsbury Winthrop Shaw Pitt…$1.2BTexas Oncology, P.a. 401(k) PlanTexas Oncology, P.a. 401(k) …$1.2B
End-of-year total assets ($B) among Hormel Foods Corporation Tax Deferred Investment Plan a * and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$1.1B
Net Assets (End of Year)$1.2B
Net Income$78M
Employer EIN410319970
Plan Effective Date1986-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hormel Foods Corporation)

Sponsor-wide plan assets over time

All Hormel Foods Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$1.8B 38.865716518961875% vs 2022
2024 filing year
$1.5B$2B$2.5B$3B$3.5B 202220232024 $2.91B $1.78B ▼ -38.8%
Year Plans Participants Total Assets
2022 5 19,631 $2.9B
2023 5 24,731 $3.0B
2024 3 12,543 $1.8B

Nearby 401(k) Plans in Minnesota

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

Hormel Foods Corporation Tax Deferred Investment Plan a * vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants Hormel Foods Corporation Tax Deferred Investment Plan a *, Total assets ($B): 1.160623275 · Participants: 4950Hormel Foods Corporation Tax Deferred Investment Plan a *Wells Fargo & Company 401(k) Plan, Total assets ($B): 57.886997456 · Participants: 179076Wells Fargo & Company 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 26.618762181 · Participants: 205460Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 14.419645154 · Participants: 409649Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 13.719378 · Participants: 38480Medtronic Savings and Investment PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 11.442089862 · Participants: 73109U.S. Bank 401(k) Savings Plan
Hormel Foods Corporation Tax Deferred Investment Plan a * vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Hormel Foods Corporation Tax Deferred Investment Plan a * side-by-side with 3 peers →

Hormel Foods Corporation Tax Deferred Investment Plan a *'s out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Southeastern Freight Lines Retirement Savings Program in SC ($1.2B); by covered participants it is First National of Nebraska, Inc. First Savings Plan in NE (4,950 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (4,950 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Hormel Foods Corporation Tax Deferred Investment Plan a * assets move in 2024? ▼
Hormel Foods Corporation Tax Deferred Investment Plan a * grew at a solid clip - up 7.2% during 2024, from $1.1B to $1.2B. Reported net income was $78M.
How have Hormel Foods Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hormel Foods Corporation's sponsor-wide assets declined 38.9%, from $2.9B to $1.8B.
Where does Hormel Foods Corporation Tax Deferred Investment Plan a * rank by assets among Form 5500 filers? ▼
Hormel Foods Corporation Tax Deferred Investment Plan a * ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Hormel Foods Corporation Tax Deferred Investment Plan a *? ▼
Among 401(k) plans in other states, the closest by assets is Southeastern Freight Lines Retirement Savings Program in SC ($1.2B, 8,590 participants).
Which 401(k) plans cover a similar participant headcount to Hormel Foods Corporation Tax Deferred Investment Plan a *? ▼
Among 401(k) plans in other states, the closest by covered participants is First National of Nebraska, Inc. First Savings Plan in NE (4,950 participants, $1.0B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410319970.

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.