401(k) · DOL Form 5500 · 2024

Smithfield Foods Incorporated 401(k) Plan

Data updated 2026-08-11

$767M
Total assets
4,682
Participants
98th
Percentile by assets
$163,887
Avg per participant
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Official DOL plan name: Smithfield Foods, Inc. Salaried 401(k) Plan · Sponsored by Smithfield Foods Incorporated · Virginia · Management of Enterprises

$767M in assets, 4,682 participants

Smithfield Foods Incorporated's Smithfield Foods, Inc. Salaried 401(k) Plan reported $767M in total assets and 4,682 participants in its 2024 DOL Form 5500 filing, ranking in the 98th 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.

  • 98th percentile by assets (of 123,622 plans)
  • #1,058 in Management of Enterprises (1,133 peers)

Coverage in Virginia

Smithfield Foods, Inc. Salaried 401(k) Plan covers 4,682 participants in Virginia, 6.0x the typical Virginia plan (state average ~782 per filing). Assets: $767M.

$767M
total plan assets (2024 EOY)
4,682
covered participants
98th
percentile by assets (of 123,622 plans)
$163,887
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Smithfield Foods, Inc. Salaried 401(k) Plan reported net income fell from $83M in the plan year 2023 filing to $62M in the plan year 2024 filing.
  • Smithfield Foods, Inc. Salaried 401(k) Plan end-of-year assets rose from $694M in the plan year 2023 filing to $767M in the plan year 2024 filing.
  • Smithfield Foods, Inc. Salaried 401(k) Plan reported participants fell from 5,193 in the plan year 2023 filing to 4,682 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Virginia
Industry
Management of Enterprises

Participants vs Virginia filers

In Virginia, the average filing covers about 782 participants across 3,655 plans. Smithfield Foods, Inc. Salaried 401(k) Plan reports 4,682 participants - 6.0x that state average ($767M EOY assets).

Virginia filing particulars

Total Assets (Beginning of Year)$694M
Net Assets (End of Year)$767M
Net Income$62M
Employer EIN520845861
Plan Effective Date1992-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Smithfield Foods Incorporated)

$2.6B$2.8B$3B$3.2B 202220232024 $2.72B $3.07B ▲ +12.9%
Total plan assets by year, all Smithfield Foods Incorporated plans on file
Year Plans Participants Total Assets
2022 5 55,579 $2.7B
2023 5 55,064 $3.0B
2024 5 48,205 $3.1B

Nearby 401(k) Plans in Virginia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Smithfield Foods, Inc. Salaried 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants

Smithfield Foods, Inc. Salaried 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Smithfield Foods, In…Northrop Grumman Sav…401(k) Pension PlanGeneral Dynamics Cor…Capital One Financia…Leidos, Inc. Retirem…
Smithfield Foods, Inc. Salaried 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Smithfield Foods, Inc. Salaried 401(k) P… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Smithfield Foods, Inc. Salaried 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Smithfield Foods, Inc. Salaried 401(k) Plan assets move in 2024? ▼
Smithfield Foods, Inc. Salaried 401(k) Plan grew at a solid clip - up 10.6% during 2024, from $694M to $767M. Reported net income was $62M.
How have Smithfield Foods Incorporated plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Smithfield Foods Incorporated's sponsor-wide assets grew 13.0%, from $2.7B to $3.1B.
Where does Smithfield Foods, Inc. Salaried 401(k) Plan rank by assets among Form 5500 filers? ▼
Smithfield Foods, Inc. Salaried 401(k) Plan ranks in the 98th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Smithfield Foods, Inc. Salaried 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Canadian National Railway Company Savings Plan for U.S. Operations in IL ($767M, 6,931 participants).

Next read for Smithfield Foods, Inc. Salaried 401(k) P…

Filing takeaways

Ways to act on Smithfield Foods, Inc. Salaried 401(k) Plan's numbers.

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.