Defined Benefit (Pension) · DOL Form 5500 · 2024

Faribault Foods, Inc. Pension Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
46
Participants Small participant base
64th
Percentile by assets National rank
$316,814
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Faribault Foods, Inc. Pension Plan · Sponsored by Faribault Foods, Inc. · Minnesota · Manufacturing

$15M in assets, 46 participants

Faribault Foods, Inc.'s Faribault Foods, Inc. Pension Plan reported $15M in total assets and 46 participants in its 2024 DOL Form 5500 filing, ranking in the 64th 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.

  • #9,180 in Manufacturing (17,777 peers)

What the 2024 filing shows

Faribault Foods, Inc. Pension Plan holds $15M for 46 participants - about $316,814 per participant, above the median plan by assets.

#9,180
in Manufacturing (17,777 peers)
+2.7%
assets growth YoY

Faribault Foods, Inc. Pension Plan's mid-pack asset rank among Manufacturing and all filers

Faribault Foods, Inc. Pension Plan vs every filed plan by assets

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

$14,573,434 Top 36% higher than 64% 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

Faribault Foods, Inc. Pension Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Faribault Foods, Inc. Pension Plan is a small filing (46 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Faribault Foods, Inc. Pension Plan reported net income fell from $747K in the plan year 2023 filing to $381K in the plan year 2024 filing.
  • Faribault Foods, Inc. Pension Plan reported participants fell from 53 in the plan year 2023 filing to 46 in the plan year 2024 filing.
  • Faribault Foods, Inc. Pension Plan end-of-year assets rose from $14M in the plan year 2023 filing to $15M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 410246215 · Faribault Foods, Inc. PY 2024 · Defined Benefit (Pension)

Faribault Foods, Inc. Pension Plan · $15M · 46 · 64th

  • PART $15M
  • PART 46
  • PART 64th
  • PART Defined Benefit (Pension)
  • PART near Shure Incorporated Employees' Retirement Plan
  • PART ind #9180

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 →

Faribault Foods, Inc. Pension Plan in the asset neighbourhood

Asbestos Workers Local Union No 55 Pension PlanAsbestos Workers Local Union…$15MShure Incorporated Employees' Retirement PlanShure Incorporated Employees…$15MFaribault Foods, Inc. Pension PlanFaribault Foods, Inc. Pensio…$15MLocal 177 Union Pension Plan$15MNew Castle Stainless Plate, LLC. Wage Retirement Income Plan for Members of UAW Local 729New Castle Stainless Plate, …$15M
End-of-year total assets ($M) among Faribault Foods, Inc. Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$15M
Net Income$381K
Employer EIN410246215
Plan Effective Date1976-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Faribault Foods, Inc.)

Sponsor-wide plan assets over time

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

Latest sponsor-wide plan assets
$15M 8.385474889834684% vs 2022
2024 filing year
$13M$13.5M$14M$14.5M$15M 202220232024 $13.5M $14.6M ▲ +8.3%
Year Plans Participants Total Assets
2022 1 62 $13M
2023 1 53 $14M
2024 1 46 $15M

Nearby Defined Benefit (Pension) Plans in Minnesota

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Faribault Foods, Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Faribault Foods, Inc. Pension Plan, Total assets ($B): 0.014573434 · Participants: 46Faribault Foods, Inc. Pension PlanMayo Pension Plan, Total assets ($B): 11.816211651 · Participants: 71743Mayo Pension Plan3M Employee Retirement Income Plan, Total assets ($B): 8.87866493 · Participants: 91323M Employee Retirement Income PlanWells Fargo & Company Cash Balance Plan, Total assets ($B): 8.278776602 · Participants: 46875Wells Fargo & Company Cash Balance PlanU.S. Bank Pension Plan, Total assets ($B): 4.38225088 · Participants: 62822U.S. Bank Pension PlanThe Travelers Pension Plan, Total assets ($B): 4.23694343 · Participants: 27237The Travelers Pension Plan
Faribault Foods, Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare Faribault Foods, Inc. Pension Plan side-by-side with 3 peers →

Faribault Foods, Inc. Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Shure Incorporated Employees' Retirement Plan in IL ($15M); by covered participants it is The Toledo Newspaper Unions Blade Pension Plan in OH (46 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (46 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 Faribault Foods, Inc. Pension Plan assets move in 2024? ▼
Faribault Foods, Inc. Pension Plan edged up modestly - up 2.7% during 2024, from $14M to $15M. Reported net income was $381K.
How have Faribault Foods, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Faribault Foods, Inc.'s sponsor-wide assets grew 8.4%, from $13M to $15M.
Which Defined Benefit (Pension) plans are similar in size to Faribault Foods, Inc. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Shure Incorporated Employees' Retirement Plan in IL ($15M, 136 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Faribault Foods, Inc. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is The Toledo Newspaper Unions Blade Pension Plan in OH (46 participants, $98M 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 410246215.

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.