Hormel Foods Corporation Pension Plan — Form 5500 plan (Hormel Foods Corporation)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Hormel Foods Corporation Pension Plan is a benefit plan reported by Hormel Foods Corporation under EIN 41-0319970 and plan number 001. The latest loaded filing year is 2023. The filing reports 12,894 participants and $984,883,233 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Hormel Foods Corporation
- EIN
- 41-0319970
- Plan number
- 001
- Plan type
- 2
- Location
- Austin, MN
- Latest filing year
- 2023
- Participants
- 12,894
- End-of-year plan assets
- $984,883,233
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 12,894 | H, C | 20250811144015NAL0010204720001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $984,883,233
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $984,883,233
- Net assets (BOY)
- $879,513,375
Income & contributions
- Total contributions
- $0
- Total income / additions
- $163,717,301
Expenses & distributions
- Benefits paid
- $54,899,162
- Administrative expenses
- $3,448,281
- Total expenses
- $58,347,443
- Net increase / (decrease)
- $105,369,858
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Meketa Fiduciary Management | NONE | $541,647 | not reported in the loaded dataset | 2023 |
| Us Bank Na | NONE | $244,110 | not reported in the loaded dataset | 2023 |
| Cbiz Retirement Plan Services | NONE | $227,260 | not reported in the loaded dataset | 2023 |
| Curcio Webb | NONE | $87,022 | not reported in the loaded dataset | 2023 |
| Willis Towers Watson | NONE | $56,871 | not reported in the loaded dataset | 2023 |
| Pension Benefit Information LLC | NONE | $43,760 | not reported in the loaded dataset | 2023 |
| Ernst & Young Llp | NONE | $18,300 | not reported in the loaded dataset | 2023 |
| Dorsey & Whitney Llp | NONE | $18,125 | not reported in the loaded dataset | 2023 |
| Via Actuarial | NONE | $10,005 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Hormel Foods Corporation
- 2023 Form 5500 filing
- Form 5500 filings in MN
- 401(k) and benefit plan filings in Austin, MN
- Meketa Fiduciary Management — Schedule C compensation
- Us Bank Na — Schedule C compensation
- Cbiz Retirement Plan Services — Schedule C compensation
- Curcio Webb — Schedule C compensation
- Willis Towers Watson — Schedule C compensation
- Pension Benefit Information LLC — Schedule C compensation
- Ernst & Young Llp — Schedule C compensation
- Dorsey & Whitney Llp — Schedule C compensation
- Via Actuarial — Schedule C compensation