401(k) · DOL Form 5500 · 2024
Hormel Foods Corporation 401(k) Plan
Data updated 2026-08-25
- $192M
- Total assets Near avg plan size
- 3,218
- Participants Above avg headcount
- 94th
- Percentile by assets National rank
- $59,551
- Avg per participant Low balance/head
Official DOL plan name: Hormel Foods Corporation Tax Deferred Investment Plan B · Sponsored by Hormel Foods Corporation · Minnesota · Manufacturing
$192M in assets, 3,218 participants
Hormel Foods Corporation's Hormel Foods Corporation Tax Deferred Investment Plan B reported $192M in total assets and 3,218 participants in its 2024 DOL Form 5500 filing, ranking in the 94th 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.
- #16,192 in Manufacturing (17,777 peers)
Coverage in Minnesota
Hormel Foods Corporation Tax Deferred Investment Plan B covers 3,218 participants in Minnesota, 2.9x the typical Minnesota plan (state average ~1,126 per filing). Assets: $192M.
- #16,192
- in Manufacturing (17,777 peers)
- +1.7%
- assets growth YoY
- 1.9×
- vs typical plan assets (national mean)
Hormel Foods Corporation Tax Deferred Investment Plan B's outsized position by total assets
Hormel Foods Corporation Tax Deferred Investment Plan B vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$191,633,834 Top 6% higher than 94% 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 Tax Deferred Investment Plan B'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 B lands in the large band (3,218 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Hormel Foods Corporation Tax Deferred Investment Plan B reported net income rose from -$19M in the plan year 2023 filing to $3M in the plan year 2024 filing.
- Hormel Foods Corporation Tax Deferred Investment Plan B reported participants rose from 3,156 in the plan year 2023 filing to 3,218 in the plan year 2024 filing.
- Hormel Foods Corporation Tax Deferred Investment Plan B end-of-year assets rose from $188M in the plan year 2023 filing to $192M in the plan year 2024 filing.
DOL schedule card
Filing strip 410319970 · Hormel Foods Corporation PY 2024 · 401(k)
Hormel Foods Corporation Tax Deferred Investment Plan B · $192M · 3,218 · 94th
- EOY $192M
- EOY 3,218
- EOY 94th
- EOY 401(k)
- EOY near G-III Apparel Group, Ltd. 401(k) Plan
- EOY ind #16192
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 B in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $188M |
|---|---|
| Net Assets (End of Year) | $192M |
| Net Income | $3M |
| Employer EIN | 410319970 |
| Plan Effective Date | 1987-08-01 |
| 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 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Wells Fargo & Company 401(k) Plan $57.9B · 179,076
- Unitedhealth Group 401(k) Savings Plan $26.6B · 205,460
- Target Corporation 401(k) Plan $14.4B · 409,649
- Medtronic Savings and Investment Plan $13.7B · 38,480
- U.S. Bank 401(k) Savings Plan $11.4B · 73,109
Hormel Foods Corporation Tax Deferred Investment Plan B's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is G-III Apparel Group, Ltd. 401(k) Plan in NY ($192M); by covered participants it is Healthequity 401(k) Plan in UT (3,218 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($192M here).
- G-III Apparel Group, Ltd. 401(k) Plan (NY) $192M · 1,663
- Goto Technologies USA, LLC 401(k) Plan (MA) $192M · 1,354
- Grand Canyon Education Employees 401(k) Plan (AZ) $192M · 4,542
- Wellsky Corporation 401(k) Plan (KS) $192M · 2,185
Similar participant headcount
Nearest other-state filings by covered participants (3,218 participants); asset peers above are excluded.
- Healthequity 401(k) Plan (UT) 3,218 · 0 off
- Blue Compass Rv, LLC 401(k) Plan (FL) 3,218 · 0 off
- Vitalcaring Group 401(k) Plan (TX) 3,219 · 1 off
- Cb Neptune Holdings LLC 401(k) Plan (NJ) 3,217 · 1 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.