Smithfield Foods 401(k) match, vesting and fees
What Smithfield 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 | Kreischer Miller (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 26 defined-contribution plans in management of companies and enterprises with 10,000 to 49,999 participants.
| Smithfield Foods: employer contribution per participant | $1,634 | |
| Peer median | $2,647 |
| Smithfield Foods: average balance | $26,113 | |
| Peer median | $122,788 |
| Smithfield Foods: admin expenses ÷ assets | 0.19% | |
| Peer median | 0.06% |
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 $340M at the end of plan year 2021 to $419M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 16,909 | $419M | $26.2M | $1,634 | 0.19% | Not published | Form 5500 ↗ |
| 2023 | 18,083 | $376M | $27.1M | $1,634 | 0.22% | Not published | Form 5500 ↗ |
| 2022 | 19,675 | $313M | $28M | $1,659 | 0.23% | Not published | Form 5500 ↗ |
| 2021 | 18,742 | $340M | $18.3M | $1,134 | 0.23% | Not published | Form 5500 ↗ |
Other Smithfield Foods plans (5)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Smithfield Foods, Inc. Bargaining 401(k) 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 | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Kreischer Miller (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
Smithfield Foods, Inc. Salaried 401(k) 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 | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Kreischer Miller (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
Smithfield Foods Salaried 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.
| Independent auditor | Kreischer Miller (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Smithfield Foods Hourly 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.
| Independent auditor | Kreischer Miller (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Farmland Foods, Inc. Employee Retirement 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.
| Independent auditor | Kreischer Miller (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Terminated (final filing) | Form 5500 ↗ |
Common questions
Does Smithfield Foods match 401(k) contributions?
The match terms for the Smithfield Foods, Inc. Hourly 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $26.2M in employer contributions, about $1,634 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Smithfield Foods 401(k) match vested?
The vesting schedule for the Smithfield Foods, Inc. Hourly 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Smithfield Foods 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Smithfield Foods Incorporated.
I left Smithfield Foods. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Smithfield Foods Incorporated, (757) 357-8514) or the recordkeeper, Empower Annuity Insurance Company. The Smithfield Foods old 401(k) page lists the contacts from every plan filing. Find an old Smithfield Foods 401(k)
Data from the public Form 5500 annual reports Smithfield Foods filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) 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 Smithfield Foods. Not financial advice. Report a correction · Methodology