Hormel Foods 401(k) and pension plans

Hormel Foods Corporation, Austin, MN. EIN 41-0319970. Annual reports 2009–2025.

Hormel Foods Corporation has 5 active retirement plans on file. The largest is the Hormel Foods Corporation Tax Deferred Investment Plan a *, with 6,768 participants and $1.3 billion in assets in 2025. Empower has been its recordkeeper since 2021.

Active plans
5
Participants
35,902
Plan assets
$3.3 billion
401(k) recordkeeper
Empower
Plans on file
5
Industry
Manufacturing

All 5 plans

Active plans first

Hormel Foods Corporation Tax Deferred Investment Plan a *

401(k) with ESOPActive

Active. The plan filed its annual report for the 2025 plan year.

Plan number
050Employer EIN 41-0319970
Participants (2025)
6,768
Net assets (2025)
$1.3 billion
Recordkeeper
EmpowerEarlier: MassMutual (2009–2020)
Plan administrator
Hormel Foods Corporation
1 Hormel Place
Austin, MN 55912
(507) 437-5481As filed for 2025
In effect since
April 1, 1986

Earlier plan names: Hormel Foods Corporation Tax Deferred Investment Plan a.

Year by year, 2009 to 2025
Plan yearParticipantsNet assetsRecordkeeper
20256,768$1.3 billionEmpower
20246,816$1.2 billionEmpower
20237,305$1.1 billionEmpower
20227,010$1.0 billionnot listed
20216,933$1.0 billionEmpower
20206,384$1.2 billionMassMutual
20196,075$1.0 billionMassMutual
20185,921$906 millionMassMutual
20175,850$863 millionMassMutual
20165,632$796 millionMassMutual
20155,495$736 millionMassMutual
20145,674$710 millionMassMutual
20135,476$651 millionMassMutual
20125,226$595 millionMassMutual
20115,148$495 millionMassMutual
20105,038$459 millionMassMutual
20095,000$410 millionMassMutual

Hormel Foods Corporation Joint Earnings Profit Sharing Trust

Employee stock ownership plan (ESOP)Active

Active. The plan filed its annual report for the 2025 plan year.

Plan number
030Employer EIN 41-0319970
Participants (2025)
5,674
Net assets (2025)
$418 million
Recordkeeper
EmpowerEarlier: State Street (2019–2020), MassMutual (2018), State Street (2016–2017), MassMutual (2014–2015), Massachussetts Mutual Life Ins. (2013), MassMutual (2009–2012)
Plan administrator
Hormel Foods Corporation
1 Hormel Place
Austin, MN 55912
(507) 437-5386As filed for 2025
In effect since
October 31, 1955
Year by year, 2009 to 2025
Plan yearParticipantsNet assetsRecordkeeper
20255,674$418 millionEmpower
20245,915$424 millionEmpower
20235,769$432 millionEmpower
20225,910$486 millionnot listed
20215,747$497 millionEmpower
20205,525$552 millionState Street
20195,447$542 millionState Street
20185,298$493 millionMassMutual
20175,296$501 millionState Street
20165,089$460 millionState Street
20154,984$484 millionMassMutual
20145,165$469 millionMassMutual
20135,065$426 millionMassachussetts Mutual Life Ins.
20124,863$395 millionMassMutual
20114,829$331 millionMassMutual
20104,745$326 millionMassMutual
20094,715$292 millionMassMutual

Hormel Foods Corporation Tax Deferred Investment Plan B

401(k) with ESOPActive

Active. The plan filed its annual report for the 2025 plan year.

Plan number
051Employer EIN 41-0319970
Participants (2025)
4,044
Net assets (2025)
$192 million
Recordkeeper
EmpowerEarlier: State Street (2019–2020), MassMutual (2018), State Street (2016–2017), MassMutual (2009–2015)
Plan administrator
Hormel Foods Corporation
1 Hormel Place
Austin, MN 55912
(507) 437-5481As filed for 2025
In effect since
August 1, 1987
Year by year, 2009 to 2025
Plan yearParticipantsNet assetsRecordkeeper
20254,044$192 millionEmpower
20244,018$192 millionEmpower
20234,501$188 millionEmpower
20224,134$208 millionnot listed
20214,005$210 millionEmpower
20205,060$230 millionState Street
20195,027$230 millionState Street
20184,738$210 millionMassMutual
20174,725$235 millionState Street
20164,572$209 millionState Street
20154,490$221 millionMassMutual
20144,347$213 millionMassMutual
20134,356$189 millionMassMutual
20124,309$173 millionMassMutual
20114,338$142 millionMassMutual
20104,304$136 millionMassMutual
20094,245$119 millionMassMutual

Hormel Foods Corporation Pension Plan

Cash balance pensionActive

Active. The plan filed its annual report for the 2024 plan year.

Plan number
001Employer EIN 41-0319970
Participants (2024)
11,782
Net assets (2024)
$1.0 billion
Administered by
Cbiz Retirement Plan Services2022–2024
Plan administrator
Hormel Foods Corporation
1 Hormel Place
Austin, MN 55912
(507) 437-5611As filed for 2024
In effect since
October 29, 1956

Earlier plan names: Hormel Foods Corporation Salaried Employees' Pension Plan; Hormel Food Corporation Pension Plan.

Year by year, 2010 to 2024
Plan yearParticipantsNet assetsRecordkeeper
202411,782$1.0 billionCbiz Retirement Plan Services
202311,855$985 millionCbiz Retirement Plan Services
202211,798$880 millionCbiz Retirement Plan Services
20217,407$926 millionnot listed
20207,285$1.3 billionnot listed
20197,054$1.2 billionnot listed
20187,808$1.1 billionnot listed
20177,714$967 millionnot listed
20167,549$1.0 billionnot listed
20157,315$907 millionnot listed
20147,530$870 millionnot listed
20136,999$853 millionnot listed
20116,669$676 millionnot listed
20106,515$616 millionnot listed

Hormel Foods Corporation Hourly Employees' Pension Plan

Pension (defined benefit)Active

Active. The plan filed its annual report for the 2024 plan year.

Plan number
002Employer EIN 41-0319970
Participants (2024)
7,634
Net assets (2024)
$351 million
Administered by
Cbiz Retirement Plan Services2022–2024
Plan administrator
Hormel Foods Corporation
1 Hormel Place
Austin, MN 55912
(507) 437-5611As filed for 2024
In effect since
October 28, 1956
Year by year, 2009 to 2024
Plan yearParticipantsNet assetsRecordkeeper
20247,634$351 millionCbiz Retirement Plan Services
20237,619$333 millionCbiz Retirement Plan Services
20227,541$297 millionCbiz Retirement Plan Services
20217,551$314 millionnot listed
20207,483$431 millionnot listed
20197,640$397 millionnot listed
20188,415$380 millionnot listed
20178,831$340 millionnot listed
20168,748$362 millionnot listed
20158,449$326 millionnot listed
20148,924$309 millionnot listed
20138,326$316 millionnot listed
20128,078$296 millionnot listed
20118,153$260 millionnot listed
20108,118$248 millionnot listed
20098,111$243 millionnot listed

If you had money in one of these plans

  1. Call Empower (empower.com), which runs the Hormel Foods Corporation Tax Deferred Investment Plan a *. With your Social Security number and the plan name, it can tell you whether you still have a balance and, if not, where it went.
  2. Or call the plan administrator listed on the plan below ((507) 437-5481). That number was filed for 2025; ask for the benefits or retirement plan office.
  3. Still stuck? The Department of Labor's benefits advisers help for free: askebsa.dol.gov or 1-866-444-3272. Never pay anyone to find your own money.

What these numbers are

Sources: U.S. Department of Labor, Form 5500 datasets and PBGC trusteed plans. How we read them.

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