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  2. SMITHFIELD FOODS, INC.
Sponsor portfolioTH

SMITHFIELD FOODS, INC.

EIN 52-0845861-food production-Latest filing 2024
Plans
6
Retirement
5
$3.07B assets
Welfare
1
$15.7M premiums
Participants
108,305
200 COMMERCE ST - SMITHFIELD, VA 23430866-551-9423smithfieldfoods.comLinkedIn10001+ employeesfood production
Plans on this EIN
6 filings
#001TraditionalDB-$1.35B - 22,669 part#002401k-$767.3M - 6,328 part#009401k-$418.7M - 16,909 part#004401k-$340.0M - 15,653 part#003TraditionalDB-$193.6M - 13,275 part#501Mixed-$15.7M - 32,991 lives

Retirement portfolio analytics

5 plans aggregated / $3.07B assets / 74,834 participants

Assets by plan

Share of aggregate retirement assets

44%top
  • FOODS SALARIED PENSION (#001)44%
  • INC. SALARIED 401(K) (#002)25%
  • INC. HOURLY 401(K) (#009)14%
  • INC. BARGAINING 401(K) (#004)11%
  • FOODS HOURLY PENSION (#003)6%
Total $3.07BClick slice to drill in

Recordkeeper share

DC plan assets by Schedule C recordkeeper

Entrenched
50%top
  • (Not disclosed)50%
  • GREAT-WEST LIFE & ANNUITY INSURANCE50%
Total $3.07BClick slice to drill in

Participants by plan

Active + retired + deferred vested

  • FOODS SALARIED PENSION (#001)22,669
  • INC. HOURLY 401(K) (#009)16,909
  • INC. BARGAINING 401(K) (#004)15,653
  • FOODS HOURLY PENSION (#003)13,275
  • INC. SALARIED 401(K) (#002)6,328
Total 74,834Click row to drill in

Benefits portfolio analytics

1 plan / $15.7M premiums / 32,991 covered lives

Coverage by line

Premium dollars by benefit type (bundled lines overlap)

  • Life$7.1M
  • Long-term disability$4.9M
  • Other$3.7M
  • Short-term disability$36K
Total $15.7M4 rows

Carrier market share

Premium dollars by Schedule A carrier

Multi-vendor
82%top
  • LIFE INSURANCE COMPANY OF NORTH AMERICA82%
  • RELIASTAR LIFE INSURANCE COMPANY18%
  • NATIONAL UNION FIRE INS. CO. OF PITTSBURGH, PA0%
Total $15.7M3 slices

Broker market share

Schedule A broker compensation

Split broker
59%top
  • CUSTOM BENEFIT PROGRAMS INC59%
  • STRATEGIC EMPLOYEE BENEFIT SERVICES31%
  • AON CONSULTING INC10%
Total $950K3 slices

Plan deep-dives

Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.
Retirement#001

SMITHFIELD FOODS SALARIED PENSION PLAN

TraditionalDB

Assets$1.35B
Participants22,669
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#002

SMITHFIELD FOODS, INC. SALARIED 401(K) PLAN

401k

Assets$767.3M
Participants6,328
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#009

SMITHFIELD FOODS, INC. HOURLY 401(K) PLAN

401k

Assets$418.7M
Participants16,909
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#004

SMITHFIELD FOODS, INC. BARGAINING 401(K) PLAN

401k

Assets$340.0M
Participants15,653
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#003

SMITHFIELD FOODS HOURLY PENSION PLAN

TraditionalDB

Assets$193.6M
Participants13,275
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#501

SMITHFIELD EMPLOYEE BENEFIT PLAN

Mixed - LIFE INSURANCE COMPANY OF NORTH AMERICA

Premiums$15.7M
Covered lives32,991
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive

Retirement plans5

Plan #NameTypeAssetsParticipantsLatest year
001SMITHFIELD FOODS SALARIED PENSION PLANTraditionalDB$1.35B22,6692024
002SMITHFIELD FOODS, INC. SALARIED 401(K) PLAN401k$767.3M6,3282024
009SMITHFIELD FOODS, INC. HOURLY 401(K) PLAN401k$418.7M16,9092024
004SMITHFIELD FOODS, INC. BARGAINING 401(K) PLAN401k$340.0M15,6532024
003SMITHFIELD FOODS HOURLY PENSION PLANTraditionalDB$193.6M13,2752024

Welfare plans1

Plan #NameFundingCarrierPremiumsCoveredLatest year
501SMITHFIELD EMPLOYEE BENEFIT PLANMixedLIFE INSURANCE COMPANY OF NORTH AMERICA$15.7M32,9912024
Retirement plans
Welfare plans
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