401(k) · DOL Form 5500 · 2024
Smithfield Foods Incorporated 401(k) Plan
Data updated 2026-08-06
- $419M
- Total assets
- 15,011
- Participants
- 97th
- Percentile by assets
- $27,892
- Avg per participant
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.
- 97th percentile by assets (of 116,472 plans)
- #984 in Management of Enterprises (1,094 peers)
Coverage in Virginia
Smithfield Foods, Inc. Hourly 401(k) Plan covers 15,011 participants in Virginia, 19x the typical Virginia plan (state average ~781 per filing). Assets: $419M.
- $419M
- total plan assets (2024 EOY)
- 15,011
- covered participants
- 97th
- percentile by assets (of 116,472 plans)
- $27,892
- avg assets per participant
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.
Participants vs Virginia filers
In Virginia, the average filing covers about 781 participants across 3,490 plans. Smithfield Foods, Inc. Hourly 401(k) Plan reports 15,011 participants - 19x that state average ($419M EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $376M |
|---|---|
| Net Assets (End of Year) | $419M |
| Net Income | $53M |
| Employer EIN | 520845861 |
| Plan Effective Date | 1989-01-01 |
| 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. Hourly 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. Hourly 401(k) Plan
Smithfield Foods, Inc. Hourly 401(k) Plan reports $419M in end-of-year assets across 15,011 participants (0.004% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.017% of 89,805,449 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 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. Bargaining 401(k) Plan (401(k), $340M, 13,513 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. Hourly 401(k) Plan by total assets, not by location.
- IBEW Local 701 Retirement Savings Fund (IL) $419M · 1,748
- Advocare, LLC 401(k) Profit Sharing Plan (NJ) $419M · 2,694
- Databricks, Inc. 401(k) Plan & Trust (CA) $419M · 4,115
- Promega Salary Deferral Profit Sharing Plan (WI) $418M · 1,507
Frequently Asked Questions
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Filing takeaways
Ways to act on Smithfield Foods, Inc. Hourly 401(k) Plan's numbers.
- By total assets, Smithfield Foods, Inc. Hourly 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