Defined Benefit (Pension) · DOL Form 5500 · 2024

Smithfield Foods, Inc. Pension Plan

Data updated 2026-08-25

$1.4B
Total assets Very large vs avg
8,183
Participants Very large workforce
99th
Percentile by assets National rank
$165,485
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #17,415 in Manufacturing (17,777 peers)

Coverage in Virginia

Smithfield Foods Salaried Pension Plan covers 8,183 participants in Virginia, 10x the typical Virginia plan (state average ~782 per filing). Assets: $1.4B.

#17,415
in Manufacturing (17,777 peers)
-2.4%
assets change YoY
14×
vs typical plan assets (national mean)

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.

Smithfield Foods Salaried Pension Plan's outsized position by total assets

Smithfield Foods Salaried Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$1,354,167,007 Top 1% higher than 99% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Smithfield Foods Salaried Pension Plan'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. Smithfield Foods Salaried Pension Plan lands in the large band (8,183 participants).

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.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 520845861 · Smithfield Foods, Inc. PY 2024 · Defined Benefit (Pension)

Smithfield Foods Salaried Pension Plan · $1.4B · 8,183 · 99th

  • EBSA $1.4B
  • EBSA 8,183
  • EBSA 99th
  • EBSA Defined Benefit (Pension)
  • EBSA near Local 282 Pension Trust Fund
  • EBSA ind #17415

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 Virginia →

Smithfield Foods Salaried Pension Plan in the asset neighbourhood

Williams Pension Plan$1.4BSmithfield Foods Salaried Pension PlanSmithfield Foods Salaried Pe…$1.4BLocal 282 Pension Trust Fund$1.4BIndiana State Council of Carpenters Pension FundIndiana State Council of Car…$1.4BCarpenters' Pension Trust Fund - Detroit and VicinityCarpenters' Pension Trust Fu…$1.4B
End-of-year total assets ($B) among Smithfield Foods Salaried Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Virginia filing particulars

Total Assets (Beginning of Year)$1.4B
Net Assets (End of Year)$1.4B
Net Income-$33M
Employer EIN520845861
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Smithfield Foods, Inc.)

Sponsor-wide plan assets over time

All Smithfield Foods, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3.1B 13.015664714333026% vs 2022
2024 filing year
$2.6B$2.8B$3B$3.2B 202220232024 $2.72B $3.07B ▲ +12.9%
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 Scatter plot of 6 data points. 020000400006000080000 05101520 Total assets ($B) Participants Smithfield Foods Salaried Pension Plan, Total assets ($B): 1.354167007 · Participants: 8183Smithfield Foods Salaried Pension PlanNorthrop Grumman Pension Plan, Total assets ($B): 18.781759216 · Participants: 12678Northrop Grumman Pension PlanRetirement Security Plan, Total assets ($B): 11.481735153 · Participants: 56633Retirement Security PlanSheet Metal Workers' National Pension Fund, Total assets ($B): 8.902237059 · Participants: 63530Sheet Metal Workers' National Pension FundNg Space&mission Systems Corp Salaried Pension Pla, Total assets ($B): 8.398702873 · Participants: 6737Ng Space&mission Systems Corp Salaried Pension PlaDominion Energy Pension Plan, Total assets ($B): 8.332769083 · Participants: 11758Dominion Energy Pension Plan
Smithfield Foods Salaried Pension Plan vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
Compare Smithfield Foods Salaried Pension Plan side-by-side with 3 peers →

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 (0.011% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 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 Salaried Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Virginia, the nearest Defined Benefit (Pension) by assets is Local 282 Pension Trust Fund in NY ($1.4B); by covered participants it is International Brotherhood of Teamsters Union Local 710 Pension Fund in IL (8,163 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.4B here).

Similar participant headcount

Nearest other-state filings by covered participants (8,183 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Smithfield Foods Salaried Pension Plan assets move in 2024? ▼
Smithfield Foods Salaried Pension Plan edged down modestly - down 2.4% during 2024, from $1.4B to $1.4B. Reported net income was -$33M.
How have Smithfield Foods, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Smithfield Foods, Inc.'s sponsor-wide assets grew 13.0%, from $2.7B to $3.1B.
Where does Smithfield Foods Salaried Pension Plan rank by assets among Form 5500 filers? ▼
Smithfield Foods Salaried Pension Plan ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Smithfield Foods Salaried Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Local 282 Pension Trust Fund in NY ($1.4B, 3,073 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Smithfield Foods Salaried Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is International Brotherhood of Teamsters Union Local 710 Pension Fund in IL (8,163 participants, $4.5B in assets).

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 520845861.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.