401(k) · DOL Form 5500 · 2024

Smithfield Foods Incorporated 401(k) Plan

Data updated 2026-08-25

$419M
Total assets Above avg plan size
15,011
Participants Very large workforce
97th
Percentile by assets National rank
$27,892
Avg per participant Low balance/head
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Official DOL plan name: Smithfield Foods, Inc. Hourly 401(k) Plan · Sponsored by Smithfield Foods Incorporated · Virginia · Management of Enterprises

$419M in assets, 15,011 participants

Smithfield Foods Incorporated's Smithfield Foods, Inc. Hourly 401(k) Plan reported $419M in total assets and 15,011 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.

  • #1,021 in Management of Enterprises (1,133 peers)

Coverage in Virginia

Smithfield Foods, Inc. Hourly 401(k) Plan covers 15,011 participants in Virginia, 19x the typical Virginia plan (state average ~782 per filing). Assets: $419M.

#1,021
in Management of Enterprises (1,133 peers)
+11.4%
assets growth YoY
4.2×
vs typical plan assets (national mean)

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

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

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

$418,693,074 Top 3% higher than 97% 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. Hourly 401(k) Plan's mega-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. Hourly 401(k) Plan is a mega filing (15,011 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Smithfield Foods, Inc. Hourly 401(k) Plan reported net income fell from $61M in the plan year 2023 filing to $53M in the plan year 2024 filing.
  • Smithfield Foods, Inc. Hourly 401(k) Plan end-of-year assets rose from $376M in the plan year 2023 filing to $419M in the plan year 2024 filing.
  • Smithfield Foods, Inc. Hourly 401(k) Plan reported participants fell from 16,803 in the plan year 2023 filing to 15,011 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. Hourly 401(k) Plan · $419M · 15,011 · 97th

  • SCH $419M
  • SCH 15,011
  • SCH 97th
  • SCH 401(k)
  • SCH near IBEW Local 701 Retirement Savings Fund
  • SCH ind #1021

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. Hourly 401(k) Plan in the asset neighbourhood

Databricks, Inc. 401(k) Plan & TrustDatabricks, Inc. 401(k) Plan…$419MAdvocare, LLC 401(k) Profit Sharing PlanAdvocare, LLC 401(k) Profit …$419MSmithfield Foods, Inc. Hourly 401(k) PlanSmithfield Foods, Inc. Hourl…$419MIBEW Local 701 Retirement Savings FundIBEW Local 701 Retirement Sa…$419MPromega Salary Deferral Profit Sharing PlanPromega Salary Deferral Prof…$418M
End-of-year total assets ($M) among Smithfield Foods, Inc. Hourly 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Virginia filing particulars

Total Assets (Beginning of Year)$376M
Net Assets (End of Year)$419M
Net Income$53M
Employer EIN520845861
Plan Effective Date1989-01-01
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. Hourly 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. 020000400006000080000100000120000 -1001020304050 Total assets ($B) Participants Smithfield Foods, Inc. Hourly 401(k) Plan, Total assets ($B): 0.418693074 · Participants: 15011Smithfield Foods, Inc. Hourly 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. Hourly 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Smithfield Foods, Inc. Hourly 401(k) Plan side-by-side with 3 peers →

Scale composition for Smithfield Foods, Inc. Hourly 401(k) Plan

Smithfield Foods, Inc. Hourly 401(k) Plan reports $419M in end-of-year assets across 15,011 participants (0.003% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.016% of 93,925,755 covered participants) - about $27,892 per participant (20% of the national average assets-per-participant) . Net income for plan year 2024 was $53M.

This plan identity (EIN 520845861, plan #009) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $313M to $419M (+33.6%) while covered participants moved from 15,980 to 15,011 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 15,980 $313M Open filing
2023 16,803 $376M Open filing
2024 · index core 15,011 $419M This page

The same sponsor also keeps 4 other index-core plans on PlainRetire:

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

Outside Virginia, the nearest 401(k) by assets is IBEW Local 701 Retirement Savings Fund in IL ($419M); by covered participants it is Ikea Retirement and Savings Plan in PA (15,068 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($419M here).

Similar participant headcount

Nearest other-state filings by covered participants (15,011 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. Hourly 401(k) Plan assets move in 2024? ▼
Smithfield Foods, Inc. Hourly 401(k) Plan grew at a solid clip - up 11.4% during 2024, from $376M to $419M. Reported net income was $53M.
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. Hourly 401(k) Plan rank by assets among Form 5500 filers? ▼
Smithfield Foods, Inc. Hourly 401(k) Plan ranks in the 97th 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. Hourly 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is IBEW Local 701 Retirement Savings Fund in IL ($419M, 1,748 participants).
Which 401(k) plans cover a similar participant headcount to Smithfield Foods, Inc. Hourly 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ikea Retirement and Savings Plan in PA (15,068 participants, $1.1B 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.