401k Record

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Hormel Foods 401(k)

Recordkeeping fees per participant · largest plan, Hormel Foods Corporation Tax Deferred Investment Plan a * · plan year 2024

$53.24

Higher than 87% of the 790 plans over $1B that report it.

Source

= $354,121 / 6,652
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250919134842NAL0001104899001, received 2025-09-19
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250919134842NAL0001104899001, received 2025-09-19

10th: $6.72median $34.2890th: $56.58

Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-19.

Largest plan, all six figures: Hormel Foods Corporation Tax Deferred Investment Plan a *

Recordkeeping fees per participantheadline

$53.24

10th: $6.72median $34.2890th: $56.58

Higher than 87% of the 790 plans over $1B that report it.

Source

= $354,121 / 6,652
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250919134842NAL0001104899001, received 2025-09-19
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250919134842NAL0001104899001, received 2025-09-19

Administrative expenses excluding investment management, per participant

$60.34

10th: $9.43median $44.4790th: $97.55

Higher than 73% of the 1,045 plans over $1B that report it.

Source

= $401,404 / 6,652
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250919134842NAL0001104899001, received 2025-09-19
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250919134842NAL0001104899001, received 2025-09-19

Administrative expenses per participant

$65.08

10th: $24.33median $70.0390th: $174.36

Higher than 47% of the 1,076 plans over $1B that report it.

Source

= $432,904 / 6,652
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250919134842NAL0001104899001, received 2025-09-19
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250919134842NAL0001104899001, received 2025-09-19

Administrative expenses as a share of assets

0.037%

10th: 0.013%median 0.046%90th: 0.111%

Higher than 40% of the 1,076 plans over $1B that report it.

Source

= $432,904 / $1,160,623,275
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250919134842NAL0001104899001, received 2025-09-19
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250919134842NAL0001104899001, received 2025-09-19

Employer contributions per participant

$3,111

10th: $1,442median $3,74490th: $8,760

Higher than 40% of the 1,135 plans over $1B that report it.

Source

= $20,692,822 / 6,652
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250919134842NAL0001104899001, received 2025-09-19
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250919134842NAL0001104899001, received 2025-09-19

Employer share of total contributions

29.1%

10th: 19.8%median 33.4%90th: 47.5%

Higher than 36% of the 1,135 plans over $1B that report it.

Source

= $20,692,822 / $71,006,586
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250919134842NAL0001104899001, received 2025-09-19
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250919134842NAL0001104899001, received 2025-09-19

Plan terms, as stated in Hormel Foods Corporation's SEC filings

Eligibility

“A year of eligibility service would be a year beginning with the first day of employment in which an employee worked 1,000 hours or any subsequent fiscal year in which an employee works 1,000 hours.”

Form 11-K filed 2026-06-09, for the year ended 2025-12-31 · plan description note, general (fallback) · source document

Automatic enrollment

“Certain participants hired on or after November 11, 2015 and automatically enrolled will have their contribution percentage increased by 1% the following year.”

Form 11-K filed 2026-06-09, for the year ended 2025-12-31 · plan description note, general · source document

Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.

Plans sponsored

PlanAssetsParticipants with a balanceHeadlineYear
Hormel Foods Corporation Tax Deferred Investment Plan a *$1,160,623,2756,652 $53.24 recordkeeping fees per participant2024
Hormel Foods Corporation Tax Deferred Investment Plan B$191,633,8343,665 $38.80 recordkeeping fees per participant2024

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Sponsor name as filed: HORMEL FOODS CORPORATION; SEC registrant: HORMEL FOODS CORP /DE/ (CIK 48465, matched by EIN; display name from the Form 11-K cover).