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  2. HORMEL FOODS CORPORATION
Sponsor portfolioTH

HORMEL FOODS CORPORATION

EIN 41-0319970-consumer goods-Latest filing 2025
Plans
8
Retirement
5
$3.20B assets
Welfare
3
$8.8M premiums
Participants
57,278
1 HORMEL PLACE - AUSTIN, MN 559123680507-437-5386hormelfoods.comLinkedIn10001+ employeesconsumer goods
Plans on this EIN
8 filings
#050ESOP-$1.28B - 6,768 part#001CashBalance-$984.9M - 11,855 part#030ESOP-$418.1M - 5,674 part#002TraditionalDB-$332.5M - 7,619 part#051ESOP-$191.5M - 4,044 part#503Mixed-$8.8M - 35,182 lives#514Self Funded-0 lives#515Self Funded-0 lives

Retirement portfolio analytics

5 plans aggregated / $3.20B assets / 35,960 participants

Assets by plan

Share of aggregate retirement assets

40%top
  • PLAN A * (#050)40%
  • FOODS CORPORATION PENSION (#001)31%
  • PROFIT SHARING TRUST (#030)13%
  • HOURLY EMPLOYEES' PENSION (#002)10%
  • INVESTMENT PLAN B (#051)6%
Total $3.20BClick slice to drill in

Recordkeeper share

DC plan assets by Schedule C recordkeeper

Entrenched
94%top
  • (Not disclosed)94%
  • GREAT-WEST LIFE & ANNUITY INSURANCE6%
Total $3.20BClick slice to drill in

Participants by plan

Active + retired + deferred vested

  • FOODS CORPORATION PENSION (#001)11,855
  • HOURLY EMPLOYEES' PENSION (#002)7,619
  • PLAN A * (#050)6,768
  • PROFIT SHARING TRUST (#030)5,674
  • INVESTMENT PLAN B (#051)4,044
Total 35,960Click row to drill in

Benefits portfolio analytics

3 plans / $8.8M premiums / 35,182 covered lives

Coverage by line

Premium dollars by benefit type (bundled lines overlap)

  • Other$6.5M
  • Life$5.6M
  • Long-term disability$2.1M
Total $8.8M3 rows

Carrier market share

Premium dollars by Schedule A carrier

Multi-vendor
88%top
  • METROPOLITAN LIFE INSURANCE COMPANY88%
  • RELIASTAR LIFE INSURANCE COMPANY12%
Total $8.8M2 slices

Broker market share

Schedule A broker compensation

Split broker
78%top
  • STRATEGIC NON-MEDICAL SOLUTIONS LLC78%
  • BROWN & BROWN INSURANCE SERVICES12%
  • BENE RE LLC9%
  • HAYS COMPANIES, INC.1%
Total $654K4 slices

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$1.28B
Participants6,768
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$418.1M
Participants5,674
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$191.5M
Participants4,044
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$8.8M
Covered lives35,182
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 #NameTypeAssetsParticipantsLatest year
050HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A *ESOP$1.28B6,7682025
001HORMEL FOODS CORPORATION PENSION PLANCashBalance$984.9M11,8552024
030HORMEL FOODS CORPORATION JOINT EARNINGS PROFIT SHARING TRUSTESOP$418.1M5,6742025
002HORMEL FOODS CORPORATION HOURLY EMPLOYEES' PENSION PLANTraditionalDB$332.5M7,6192024
051HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN BESOP$191.5M4,0442025

Welfare plans3

Plan #NameFundingCarrierPremiumsCoveredLatest year
503HORMEL FOODS CORPORATION COMPREHENSIVE WELFARE BENEFIT PLANMixedMETROPOLITAN LIFE INSURANCE COMPANY$8.8M35,1822025
514HORMEL FOODS CORPORATION RETIREE HEALTH CARE PLANSelf Funded-$002025
515HORMEL FOODS CORPORATION RETIREE HEALTH CARE PLAN FOR BARGAINING UNIT EMPLOYEESSelf Funded-$002025
Retirement plans
Welfare plans
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