2023 Form 5500 filing — Hormel Foods Corporation Joint Earnings Profit Sharing Trust
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240813093015NAL0010399281001) for Hormel Foods Corporation Joint Earnings Profit Sharing Trust, reported by Hormel Foods Corporation under EIN 41-0319970 and plan number 030. It reports 5,910 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240813093015NAL0010399281001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Hormel Foods Corporation
- EIN
- 41-0319970
- Plan number
- 030
- Location
- Austin, MN
- Participants
- 5,910
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $431,874,919
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $431,874,919
- Employer contributions
- $9,172,948
- Participant contributions
- $0
- Total income / additions
- $9,626,413
- Benefits paid
- $63,704,396
- Administrative expenses
- $307,774
- Total expenses
- $64,012,170
- Net increase / (decrease)
- -$54,385,757
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | NONE | $151,076 | $0 |
| State Street Global Advisors | NONE | $63,121 | not reported in the loaded dataset |
| Meketa Fiduciary Management LLC | NONE | $42,662 | not reported in the loaded dataset |
| Ernst & Young | NONE | $36,136 | not reported in the loaded dataset |
| Van Iwaarden Associates | NONE | $10,704 | not reported in the loaded dataset |
| Charles Schwab & Co., Inc. | NONE | $90 | $0 |