Defined Benefit (Pension) · DOL Form 5500 · 2024
Smithfield Foods, Inc. Pension Plan
Data updated 2026-08-11
- $194M
- Total assets
- 6,816
- Participants
- 94th
- Percentile by assets
- $28,400
- Avg per participant
Official DOL plan name: Smithfield Foods Hourly Pension Plan · Sponsored by Smithfield Foods, Inc. · Virginia · Manufacturing
$194M in assets, 6,816 participants
Smithfield Foods, Inc.'s Smithfield Foods Hourly Pension Plan reported $194M in total assets and 6,816 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)
- #16,202 in Manufacturing (17,777 peers)
Coverage in Virginia
Smithfield Foods Hourly Pension Plan covers 6,816 participants in Virginia, 8.7x the typical Virginia plan (state average ~782 per filing). Assets: $194M.
- $194M
- total plan assets (2024 EOY)
- 6,816
- covered participants
- 94th
- percentile by assets (of 123,622 plans)
- $28,400
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Smithfield Foods Hourly Pension Plan reported net income fell from $9M in the plan year 2023 filing to $3M in the plan year 2024 filing.
- Smithfield Foods Hourly Pension Plan reported participants fell from 7,223 in the plan year 2023 filing to 6,816 in the plan year 2024 filing.
- Smithfield Foods Hourly Pension Plan end-of-year assets rose from $190M in the plan year 2023 filing to $194M in the plan year 2024 filing.
Participants vs Virginia filers
In Virginia, the average filing covers about 782 participants across 3,655 plans. Smithfield Foods Hourly Pension Plan reports 6,816 participants - 8.7x that state average ($194M EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $190M |
|---|---|
| Net Assets (End of Year) | $194M |
| Net Income | $3M |
| Employer EIN | 520845861 |
| Plan Effective Date | 1989-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Smithfield Foods, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 55,579 | $2.7B |
| 2023 | 5 | 55,064 | $3.0B |
| 2024 | 5 | 48,205 | $3.1B |
Nearby Defined Benefit (Pension) Plans in Virginia
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Smithfield Foods Hourly Pension Plan vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
- Northrop Grumman Pension Plan $18.8B · 12,678
- Retirement Security Plan $11.5B · 56,633
- Sheet Metal Workers' National Pension Fund $8.9B · 63,530
- Ng Space&mission Systems Corp Salaried Pension Pla $8.4B · 6,737
- Dominion Energy Pension Plan $8.3B · 11,758
Scale composition for Smithfield Foods Hourly Pension Plan
Smithfield Foods Hourly Pension Plan reports $194M in end-of-year assets across 6,816 participants (0.002% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $28,400 per participant (21% of the national average assets-per-participant) . Net income for plan year 2024 was $3M.
This plan identity (EIN 520845861, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $181M to $194M (+6.7%) while covered participants moved from 7,506 to 6,816 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,506 | $181M | Open filing |
| 2023 | 7,223 | $190M | Open filing |
| 2024 · index core | 6,816 | $194M | This page |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Smithfield Foods Salaried Pension Plan (Defined Benefit (Pension), $1.4B, 8,183 participants)
- Smithfield Foods, Inc. Salaried 401(k) Plan (401(k), $767M, 4,682 participants)
- Smithfield Foods, Inc. Hourly 401(k) Plan (401(k), $419M, 15,011 participants)
- Smithfield Foods, Inc. Bargaining 401(k) Plan (401(k), $340M, 13,513 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Smithfield Foods Hourly Pension Plan by total assets, not by location.
Frequently Asked Questions
How did Smithfield Foods Hourly Pension Plan assets move in 2024? ▼
How have Smithfield Foods, Inc. plan assets changed over time? ▼
Where does Smithfield Foods Hourly Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Smithfield Foods Hourly Pension Plan? ▼
Next read for Smithfield Foods Hourly Pension Plan
Filing takeaways
Ways to act on Smithfield Foods Hourly Pension Plan's numbers.
- By total assets, Smithfield Foods Hourly Pension Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Virginia. Compare plans
- Smithfield Foods, Inc.'s sponsor-wide assets have grown 13.0% since 2022 across 3 plan years on file. More Manufacturing plans