401k Record

Employers › Hormel Foods

Hormel Foods 401(k)

Recordkeeping fees per participant · largest plan, Capital Accumulation Plan · plan year 2024

$108.71

Higher than 94% of the 1,697 plans $250M to 1B that report it.

Source

= $289,601 / 2,664
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250923092252NAL0007789139001, received 2025-09-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250923092252NAL0007789139001, received 2025-09-23

10th: $11.56median $49.9890th: $89.63

Percentiles compare this plan with the Schedule H plans $250M to 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 2025-09-23.

Largest plan, all six figures: Capital Accumulation Plan

Recordkeeping fees per participantheadline

$108.71

10th: $11.56median $49.9890th: $89.63

Higher than 94% of the 1,697 plans $250M to 1B that report it.

Source

= $289,601 / 2,664
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250923092252NAL0007789139001, received 2025-09-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250923092252NAL0007789139001, received 2025-09-23

Administrative expenses excluding investment management, per participant

$129.29

10th: $18.52median $67.2190th: $147.71

Higher than 87% of the 2,324 plans $250M to 1B that report it.

Source

= $344,420 / 2,664
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250923092252NAL0007789139001, received 2025-09-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250923092252NAL0007789139001, received 2025-09-23

Administrative expenses per participant

$129.29

10th: $27.95median $88.2590th: $203.68

Higher than 75% of the 2,405 plans $250M to 1B that report it.

Source

= $344,420 / 2,664
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250923092252NAL0007789139001, received 2025-09-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250923092252NAL0007789139001, received 2025-09-23

Administrative expenses as a share of assets

0.123%

10th: 0.018%median 0.073%90th: 0.183%

Higher than 75% of the 2,407 plans $250M to 1B that report it.

Source

= $344,420 / $279,853,188
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250923092252NAL0007789139001, received 2025-09-23
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250923092252NAL0007789139001, received 2025-09-23

Employer contributions per participant

$2,005

10th: $1,169median $3,07390th: $8,346

Higher than 27% of the 2,457 plans $250M to 1B that report it.

Source

= $5,341,898 / 2,664
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250923092252NAL0007789139001, received 2025-09-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250923092252NAL0007789139001, received 2025-09-23

Employer share of total contributions

29.1%

10th: 17.5%median 31.1%90th: 48.7%

Higher than 43% of the 2,459 plans $250M to 1B that report it.

Source

= $5,341,898 / $18,331,581
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250923092252NAL0007789139001, received 2025-09-23
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250923092252NAL0007789139001, received 2025-09-23

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
Capital Accumulation Plan$279,853,1882,664 $108.71 recordkeeping fees per participant2024
ABX Air, Inc. Pilots Investment Plan$223,211,854437 $0.36 recordkeeping fees per participant2024

Alerts, claims and corrections

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