Assets by plan
Share of aggregate retirement assets
Sponsor portfolioTH
HORMEL FOODS CORPORATION
EIN 41-0319970consumer goodsLatest filing 2024
Plans
8
Retirement
5
$3.09B assets
Welfare
3
$7.5M premiums
Participants
58,466
1 HORMEL PLACE - AUSTIN, MN 559123680507-437-5481hormelfoods.comLinkedIn10001+ employeesconsumer goods
Retirement portfolio analytics
5 plans aggregated / $3.09B assets / 36,223 participantsParticipants by plan
Active + retired + deferred vested
- PLAN A * (#050)6,816
Benefits portfolio analytics
3 plans / $7.5M premiums / 26,694 covered livesCoverage by line
Premium dollars by benefit type (bundled lines overlap)
- Life$5.3M
- Other$3.5M
- Long-term disability$3.3M
Carrier market share
Premium dollars by Schedule A carrier
65%top
- METROPOLITAN LIFE INSURANCE COMPANY65%
- AFLAC25%
- RELIASTAR LIFE INSURANCE COMPANY7%
- ZURICH AMERICAN INSURANCE COMPANY3%
Broker market share
Schedule A broker compensation
67%top
- STRATEGIC EMPLOYEE BENEFIT SERVICES67%
- BENE RE LLC15%
- HAYS COMPANIES, INC.9%
- BROWN AND BROWN OF FLORIDA, INC.9%
Plan deep-dives
Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.Retirement#050
HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A *
ESOP
Assets$1.16B
Participants6,816
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#001
HORMEL FOODS CORPORATION PENSION PLAN
CashBalance
Assets$984.9M
Participants11,855
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#030
HORMEL FOODS CORPORATION JOINT EARNINGS PROFIT SHARING TRUST
ESOP
Assets$424.3M
Participants5,915
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#002
HORMEL FOODS CORPORATION HOURLY EMPLOYEES' PENSION PLAN
TraditionalDB
Assets$332.5M
Participants7,619
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#051
HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B
ESOP
Assets$191.6M
Participants4,018
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#503
HORMEL FOODS CORPORATION COMPREHENSIVE WELFARE BENEFIT PLAN
Mixed - METROPOLITAN LIFE INSURANCE COMPANY
Premiums$7.5M
Covered lives26,694
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#514
HORMEL FOODS CORPORATION RETIREE HEALTH CARE PLAN
Self Funded
Premiums$0
Covered lives0
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#515
HORMEL FOODS CORPORATION RETIREE HEALTH CARE PLAN FOR BARGAINING UNIT EMPLOYEES
Self Funded
Premiums$0
Covered lives0
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Retirement plans5
| Plan # | Name | Type | Assets | Participants | Latest year | |
|---|---|---|---|---|---|---|
| 050 | HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A * | ESOP | $1.16B | 6,816 | 2024 | |
| 001 | HORMEL FOODS CORPORATION PENSION PLAN | CashBalance | $984.9M | 11,855 | 2024 | |
| 030 | HORMEL FOODS CORPORATION JOINT EARNINGS PROFIT SHARING TRUST | ESOP | $424.3M | 5,915 | 2024 | |
| 002 | HORMEL FOODS CORPORATION HOURLY EMPLOYEES' PENSION PLAN | TraditionalDB | $332.5M | 7,619 | 2024 | |
| 051 | HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B | ESOP | $191.6M | 4,018 | 2024 |
Welfare plans3
| Plan # | Name | Funding | Carrier | Premiums | Covered | Latest year | |
|---|---|---|---|---|---|---|---|
| 503 | HORMEL FOODS CORPORATION COMPREHENSIVE WELFARE BENEFIT PLAN | Mixed | METROPOLITAN LIFE INSURANCE COMPANY | $7.5M | 26,694 | 2024 | |
| 514 | HORMEL FOODS CORPORATION RETIREE HEALTH CARE PLAN | Self Funded | - | $0 | 0 | 2024 | |
| 515 | HORMEL FOODS CORPORATION RETIREE HEALTH CARE PLAN FOR BARGAINING UNIT EMPLOYEES | Self Funded | - | $0 | 0 | 2024 |
Retirement plans
Welfare plans