401(k) · DOL Form 5500 · 2024

Smithfield Foods Incorporated 401(k) Plan

Data updated 2026-08-25

$767M
Total assets Above avg plan size
4,682
Participants Above avg headcount
98th
Percentile by assets National rank
$163,887
Avg per participant Above avg balance/head
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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.

  • #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.

#1,058
in Management of Enterprises (1,133 peers)
+10.6%
assets growth YoY
7.7×
vs typical plan assets (national mean)

Smithfield Foods, Inc. Salaried 401(k) Plan's outsized position by total assets

Smithfield Foods, Inc. Salaried 401(k) Plan vs every filed plan by assets

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

$767,319,892 Top 2% higher than 98% 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, Inc. Salaried 401(k) 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, Inc. Salaried 401(k) Plan lands in the large band (4,682 participants).

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 →

Plan-year Form 5500 strip

Filing strip 520845861 · Smithfield Foods Incorporated PY 2024 · 401(k)

Smithfield Foods, Inc. Salaried 401(k) Plan · $767M · 4,682 · 98th

  • 5500 $767M
  • 5500 4,682
  • 5500 98th
  • 5500 401(k)
  • 5500 near Canadian National Railway Company Savings Plan for U.S. Operations
  • 5500 ind #1058

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 Management of Enterprises retirement plans → · Plans in Virginia →

Smithfield Foods, Inc. Salaried 401(k) Plan in the asset neighbourhood

Northwest Permanente, P.C. Retirement Plan - Ps AspectNorthwest Permanente, P.C. R…$768MUniversity of Wisconsin Medical Foundation, Inc Employees 401(k)/Profit Sharing PlanUniversity of Wisconsin Medi…$768MCanadian National Railway Company Savings Plan for U.S. OperationsCanadian National Railway Co…$767MSmithfield Foods, Inc. Salaried 401(k) PlanSmithfield Foods, Inc. Salar…$767MUhhs 401(k) Retirement Savings PlanUhhs 401(k) Retirement Savin…$767M
End-of-year total assets ($M) among Smithfield Foods, Inc. Salaried 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

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)

Sponsor-wide plan assets over time

All Smithfield Foods Incorporated 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 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 Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Smithfield Foods, Inc. Salaried 401(k) Plan, Total assets ($B): 0.767319892 · Participants: 4682Smithfield Foods, Inc. Salaried 401(k) PlanNorthrop Grumman Savings Plan, Total assets ($B): 39.473777135 · Participants: 104719Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 16.840459887 · Participants: 62869401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 12.395006194 · Participants: 49414General Dynamics Corporation 401(k) Plan 6.0Capital One Financial Corporation Associate Savings Plan, Total assets ($B): 12.04952818 · Participants: 44933Capital One Financial Corporation Associate Savings PlanLeidos, Inc. Retirement Plan, Total assets ($B): 11.790942581 · Participants: 29734Leidos, Inc. Retirement Plan
Smithfield Foods, Inc. Salaried 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Smithfield Foods, Inc. Salaried 401(k) Plan side-by-side with 3 peers →

Smithfield Foods, Inc. Salaried 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Canadian National Railway Company Savings Plan for U.S. Operations in IL ($767M); by covered participants it is Nclc 401(k) Plan in FL (4,683 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (4,682 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, 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).
Which 401(k) plans cover a similar participant headcount to Smithfield Foods, Inc. Salaried 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Nclc 401(k) Plan in FL (4,683 participants, $330M 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.