ESOP · DOL Form 5500 · 2024
Hormel Foods Corporation ESOP
Data updated 2026-08-25
- $424M
- Total assets Above avg plan size
- 4,375
- Participants Above avg headcount
- 97th
- Percentile by assets National rank
- $96,987
- Avg per participant Below avg balance/head
Official DOL plan name: Hormel Foods Corporation Joint Earnings Profit Sharing Trust · Sponsored by Hormel Foods Corporation · Minnesota · Manufacturing
$424M in assets, 4,375 participants
Hormel Foods Corporation's Hormel Foods Corporation Joint Earnings Profit Sharing Trust reported $424M in total assets and 4,375 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.
- #16,872 in Manufacturing (17,777 peers)
Coverage in Minnesota
Hormel Foods Corporation Joint Earnings Profit Sharing Trust covers 4,375 participants in Minnesota, 3.9x the typical Minnesota plan (state average ~1,126 per filing). Assets: $424M.
- #16,872
- in Manufacturing (17,777 peers)
- -1.7%
- assets change YoY
- 4.3×
- vs typical plan assets (national mean)
The plan reported a net loss of $8M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Hormel Foods Corporation Joint Earnings Profit Sharing Trust's outsized position by total assets
Hormel Foods Corporation Joint Earnings Profit Sharing Trust vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$424,317,589 Top 3% higher than 97% of 123,620 filed plans
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 Joint Earnings Profit Sharing Trust'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 Joint Earnings Profit Sharing Trust lands in the large band (4,375 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Hormel Foods Corporation Joint Earnings Profit Sharing Trust reported net income rose from -$54M in the plan year 2023 filing to -$8M in the plan year 2024 filing.
- Hormel Foods Corporation Joint Earnings Profit Sharing Trust reported participants fell from 4,575 in the plan year 2023 filing to 4,375 in the plan year 2024 filing.
- Hormel Foods Corporation Joint Earnings Profit Sharing Trust end-of-year assets fell from $432M in the plan year 2023 filing to $424M in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 410319970 · Hormel Foods Corporation PY 2024 · ESOP
Hormel Foods Corporation Joint Earnings Profit Sharing Trust · $424M · 4,375 · 97th
- IND $424M
- EOY 4,375
- 5500 97th
- ASSETS ESOP
- PCT near Vgm Group, Inc. Employee Stock Ownership Plan
- EIN ind #16872
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 What is an ESOP? → · Plans in Minnesota →
Hormel Foods Corporation Joint Earnings Profit Sharing Trust in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $432M |
|---|---|
| Net Assets (End of Year) | $424M |
| Net Income | -$8M |
| Employer EIN | 410319970 |
| Plan Effective Date | 1955-10-31 |
| Filing Status | FILING 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
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 19,631 | $2.9B |
| 2023 | 5 | 24,731 | $3.0B |
| 2024 | 3 | 12,543 | $1.8B |
Nearby ESOP Plans in Minnesota
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Andersen Corporation Employee Stock Ownership Plan $963M · 12,104
- Landscape Structures, Inc. Employee Stock Ownership Plan and Trust $594M · 490
- Kingdom Enterprises, Inc. Employee Stock Ownership Plan $594M · 782
- Force America Inc. Employee Stock Ownership Plan $473M · 615
- Ablenet, Inc. Employee Stock Ownership Plan $460M · 134
Hormel Foods Corporation Joint Earnings Profit Sharing Trust's out-of-state ESOP peers by assets and headcount
Outside Minnesota, the nearest ESOP by assets is Vgm Group, Inc. Employee Stock Ownership Plan in IA ($426M); by covered participants it is The Bank of America Transferred Savings Account Plan in RI (4,298 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($424M here).
- Vgm Group, Inc. Employee Stock Ownership Plan (IA) $426M · 1,169
- Westat, Inc. Employee Stock Ownership Plan (MD) $419M · 3,167
- Annett Holdings, Inc. Employee Stock Ownership Plan & Trust (IA) $419M · 2,972
- Shorr Paper Products, Inc. Employee Stock Ownership Plan (IL) $430M · 543
Similar participant headcount
Nearest other-state filings by covered participants (4,375 participants); asset peers above are excluded.
- The Bank of America Transferred Savings Account Plan (RI) 4,298 · 77 off
- Jasper Holdings, Inc Employee Stock Ownership Plan and Trust (IN) 4,295 · 80 off
- Schweitzer Engineering Laboratories, Inc. Employee Stock Ownership Plan (WA) 4,281 · 94 off
- Great Lakes Cheese Co., Inc. Employee Stock Ownership Plan (OH) 4,264 · 111 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.