401(k) · DOL Form 5500 · 2024

Hormel Foods Corporation 401(k) Plan

Data updated 2026-08-11

$192M
Total assets: 3,218
Participants: 94th
Percentile by assets: $59,551
Avg per participant

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.

94th percentile by assets (of 123,622 plans)
#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.

$192M
total plan assets (2024 EOY): 3,218
covered participants: 94th
percentile by assets (of 123,622 plans): $59,551
avg assets per participant

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.

See the national 2023→2024 release diff →

State

Minnesota

Industry

Manufacturing

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Hormel Foods Corporation Tax Deferred Investment Plan B reports 3,218 participants - 2.9x that state average ($192M EOY assets).

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)

Total plan assets by year, all Hormel Foods Corporation plans on file

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 B vs. nearby 401(k) plans in Minnesota, assets vs. participants

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

Compare Hormel Foods Corporation Tax Deferred In… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Hormel Foods Corporation Tax Deferred Investment Plan B by total assets, not by location.

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

Frequently Asked Questions

How did Hormel Foods Corporation Tax Deferred Investment Plan B assets move in 2024? ▼

Hormel Foods Corporation Tax Deferred Investment Plan B edged up modestly - up 1.7% during 2024, from $188M to $192M. Reported net income was $3M.

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 B rank by assets among Form 5500 filers? ▼

Hormel Foods Corporation Tax Deferred Investment Plan B ranks in the 94th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).

Which 401(k) plans are similar in size to Hormel Foods Corporation Tax Deferred Investment Plan B? ▼

Among 401(k) plans in other states, the closest by assets is G-III Apparel Group, Ltd. 401(k) Plan in NY ($192M, 1,663 participants).

Next read for Hormel Foods Corporation Tax Deferred In…

Filing takeaways

Ways to act on Hormel Foods Corporation Tax Deferred Investment Plan B's numbers.

By total assets, Hormel Foods Corporation Tax Deferred Investment Plan B ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
Hormel Foods Corporation's sponsor-wide assets have declined 38.9% since 2022 across 3 plan years on file. More Manufacturing plans

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.