Defined Benefit (Pension) · DOL Form 5500 · 2024
Smithfield Foods, Inc. Pension Plan
Data updated 2026-08-06
- $1.4B
- Total assets
- 8,183
- Participants
- 99th
- Percentile by assets
- $165,485
- Avg per participant
Official DOL plan name: Smithfield Foods Salaried Pension Plan · Sponsored by Smithfield Foods, Inc. · Virginia · Manufacturing
$1.4B in assets, 8,183 participants
Smithfield Foods, Inc.'s Smithfield Foods Salaried Pension Plan reported $1.4B in total assets and 8,183 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.
- 99th percentile by assets (of 116,472 plans)
- #16,534 in Manufacturing (16,886 peers)
Coverage in Virginia
Smithfield Foods Salaried Pension Plan covers 8,183 participants in Virginia, 10x the typical Virginia plan (state average ~781 per filing). Assets: $1.4B.
- $1.4B
- total plan assets (2024 EOY)
- 8,183
- covered participants
- 99th
- percentile by assets (of 116,472 plans)
- $165,485
- avg assets per participant
The plan reported a net loss of $33M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Smithfield Foods Salaried Pension Plan reported net income fell from $51M in the plan year 2023 filing to -$33M in the plan year 2024 filing.
- Smithfield Foods Salaried Pension Plan reported participants fell from 9,484 in the plan year 2023 filing to 8,183 in the plan year 2024 filing.
- Smithfield Foods Salaried Pension Plan end-of-year assets fell from $1.4B in the plan year 2023 filing to $1.4B in the plan year 2024 filing.
Participants vs Virginia filers
In Virginia, the average filing covers about 781 participants across 3,490 plans. Smithfield Foods Salaried Pension Plan reports 8,183 participants - 10x that state average ($1.4B EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $1.4B |
|---|---|
| Net Assets (End of Year) | $1.4B |
| Net Income | -$33M |
| Employer EIN | 520845861 |
| Plan Effective Date | 1994-01-01 |
| 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 Salaried 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 Salaried Pension Plan
Smithfield Foods Salaried Pension Plan reports $1.4B in end-of-year assets across 8,183 participants (0.012% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.009% of 89,805,449 covered participants) - about $165,485 per participant (1.2x the national average assets-per-participant) . Net income for plan year 2024 was -$33M.
This plan identity (EIN 520845861, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.3B to $1.4B (+1.3%) while covered participants moved from 10,692 to 8,183 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 10,692 | $1.3B | Open filing |
| 2023 | 9,484 | $1.4B | Open filing |
| 2024 · index core | 8,183 | $1.4B | This page |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- 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)
- Smithfield Foods Hourly Pension Plan (Defined Benefit (Pension), $194M, 6,816 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Smithfield Foods Salaried Pension Plan by total assets, not by location.
- Local 282 Pension Trust Fund (NY) $1.4B · 3,073
- Indiana State Council of Carpenters Pension Fund (MI) $1.4B · 6,965
- Carpenters' Pension Trust Fund - Detroit and Vicinity (MI) $1.4B · 4,873
- Williams Pension Plan (OK) $1.4B · 3,357
Frequently Asked Questions
How did Smithfield Foods Salaried Pension Plan assets move in 2024? ▼
How have Smithfield Foods, Inc. plan assets changed over time? ▼
Where does Smithfield Foods Salaried Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Smithfield Foods Salaried Pension Plan? ▼
Next read for Smithfield Foods Salaried Pension Plan
Filing takeaways
Ways to act on Smithfield Foods Salaried Pension Plan's numbers.
- By total assets, Smithfield Foods Salaried Pension Plan ranks among the largest 1% of all filed plans. 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