Hormel Foods 401(k) match, vesting and fees
What Hormel Foods' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Ernst & Young, LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2025 medians for 91 defined-contribution plans in manufacturing with 5,000 to 9,999 participants.
| Hormel Foods: employer contribution per participant | $3,126 | |
| Peer median | $2,852 |
| Hormel Foods: average balance | $191,001 | |
| Peer median | $136,445 |
| Hormel Foods: admin expenses ÷ assets | 0.03% | |
| Peer median | 0.07% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $1B at the end of plan year 2021 to $1.3B at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 6,768 | $1.3B | $20.9M | $3,126 | 0.03% | Not published | Form 5500 ↗ |
| 2024 | 6,816 | $1.2B | $20.7M | $3,111 | 0.04% | Not published | Form 5500 ↗ |
| 2023 | 7,305 | $1.1B | $16.2M | $2,240 | 0.05% | Not published | Form 5500 ↗ |
| 2022 | 7,010 | $1B | $7.6M | $1,200 | <0.01% | Not published | Form 5500 ↗ |
| 2021 | 6,933 | $1B | $17.4M | $2,755 | 0.04% | Not published | Form 5500 ↗ |
Other Hormel Foods plans (4)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Hormel Foods Corporation Tax Deferred Investment Plan B
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company O | Schedule C ↗ |
| Independent auditor | Ernst & Young, LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Hormel Foods Corporation Joint Earnings Profit Sharing Trust
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Ernst & Young, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
Hormel Foods Corporation Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Cbiz Retirement Plan Services | Schedule C ↗ |
| Independent auditor | Ernst & Young LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Hormel Foods Corporation Hourly Employees' Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Cbiz Retirement Plan Services | Schedule C ↗ |
| Independent auditor | Ernst & Young LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Hormel Foods match 401(k) contributions?
The match terms for the Hormel Foods Corporation Tax Deferred Investment Plan a * have not been published from its filing yet. The plan year 2025 filing reports $20.9M in employer contributions, about $3,126 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Hormel Foods 401(k) match vested?
The vesting schedule for the Hormel Foods Corporation Tax Deferred Investment Plan a * is not in the data published so far. Your Summary Plan Description states it.
Who manages the Hormel Foods 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Empower Annuity Insurance Company. The plan administrator is Hormel Foods Corporation.
I left Hormel Foods. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Hormel Foods Corporation, (507) 437-5481) or the recordkeeper, Empower Annuity Insurance Company. The Hormel Foods old 401(k) page lists the contacts from every plan filing. Find an old Hormel Foods 401(k)
Data from the public Form 5500 annual reports Hormel Foods filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Hormel Foods. Not financial advice. Report a correction · Methodology