401(k) · DOL Form 5500 · 2024
Smithfield Foods Incorporated 401(k) Plan
Data updated 2026-08-06
- $340M
- Total assets
- 13,513
- Participants
- 96th
- Percentile by assets
- $25,161
- Avg per participant
Official DOL plan name: Smithfield Foods, Inc. Bargaining 401(k) Plan · Sponsored by Smithfield Foods Incorporated · Virginia · Management of Enterprises
$340M in assets, 13,513 participants
Smithfield Foods Incorporated's Smithfield Foods, Inc. Bargaining 401(k) Plan reported $340M in total assets and 13,513 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.
- 96th percentile by assets (of 116,472 plans)
- #963 in Management of Enterprises (1,094 peers)
Coverage in Virginia
Smithfield Foods, Inc. Bargaining 401(k) Plan covers 13,513 participants in Virginia, 17x the typical Virginia plan (state average ~781 per filing). Assets: $340M.
- $340M
- total plan assets (2024 EOY)
- 13,513
- covered participants
- 96th
- percentile by assets (of 116,472 plans)
- $25,161
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Smithfield Foods, Inc. Bargaining 401(k) Plan reported participants fell from 16,361 in the plan year 2023 filing to 13,513 in the plan year 2024 filing.
- Smithfield Foods, Inc. Bargaining 401(k) Plan end-of-year assets rose from $308M in the plan year 2023 filing to $340M in the plan year 2024 filing.
- Smithfield Foods, Inc. Bargaining 401(k) Plan reported net income rose from $32M in the plan year 2023 filing to $33M 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, Inc. Bargaining 401(k) Plan reports 13,513 participants - 17x that state average ($340M EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $308M |
|---|---|
| Net Assets (End of Year) | $340M |
| Net Income | $33M |
| Employer EIN | 520845861 |
| Plan Effective Date | 2002-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Smithfield Foods Incorporated)
| 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. Bargaining 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
- Northrop Grumman Savings Plan $39.5B · 104,719
- 401(k) Pension Plan $16.8B · 62,869
- General Dynamics Corporation 401(k) Plan 6.0 $12.4B · 49,414
- Capital One Financial Corporation Associate Savings Plan $12.0B · 44,933
- Leidos, Inc. Retirement Plan $11.8B · 29,734
Scale composition for Smithfield Foods, Inc. Bargaining 401(k) Plan
Smithfield Foods, Inc. Bargaining 401(k) Plan reports $340M in end-of-year assets across 13,513 participants (0.003% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.015% of 89,805,449 covered participants) - about $25,161 per participant (18% of the national average assets-per-participant) . Net income for plan year 2024 was $33M.
This plan identity (EIN 520845861, plan #004) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $279M to $340M (+21.8%) while covered participants moved from 16,413 to 13,513 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 16,413 | $279M | Open filing |
| 2023 | 16,361 | $308M | Open filing |
| 2024 · index core | 13,513 | $340M | This page |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Smithfield Foods Salaried Pension Plan (Defined Benefit (Pension), $1.4B, 8,183 participants)
- 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 Hourly Pension Plan (Defined Benefit (Pension), $194M, 6,816 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Smithfield Foods, Inc. Bargaining 401(k) Plan by total assets, not by location.
- Oklahoma Heart Hospital and Affiliates 401(k) Plan (OK) $340M · 2,358
- Kantar 401(k) Plan (NY) $340M · 2,551
- Draeger US Retirement Savings Plan (PA) $340M · 1,105
- U.S. Renal Care, Inc. Profit Sharing Plan (TX) $340M · 7,409
Frequently Asked Questions
How did Smithfield Foods, Inc. Bargaining 401(k) Plan assets move in 2024? ▼
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Next read for Smithfield Foods, Inc. Bargaining 401(k)…
Filing takeaways
Ways to act on Smithfield Foods, Inc. Bargaining 401(k) Plan's numbers.
- By total assets, Smithfield Foods, Inc. Bargaining 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Virginia. Compare plans
- Smithfield Foods Incorporated's sponsor-wide assets have grown 13.0% since 2022 across 3 plan years on file. More Management of Enterprises plans