Employers › Smithfield Foods › plan 004
Recordkeeping fees per participant · Smithfield Foods, Inc. Bargaining 401(k) Plan · plan year 2024
$339.02
Higher than 100% of the 1,697 plans $250M to 1B that report it.
= $652,282 / 1,924
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015140119NAL0002411923001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015140119NAL0002411923001, received 2025-10-15
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 2025-10-15.
Administrative expenses excluding investment management, per participant
$339.18
Higher than 99% of the 2,324 plans $250M to 1B that report it.
= $652,582 / 1,924
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015140119NAL0002411923001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015140119NAL0002411923001, received 2025-10-15
Administrative expenses per participant
$339.18
Higher than 97% of the 2,405 plans $250M to 1B that report it.
= $652,582 / 1,924
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015140119NAL0002411923001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015140119NAL0002411923001, received 2025-10-15
Administrative expenses as a share of assets
0.192%
Higher than 91% of the 2,407 plans $250M to 1B that report it.
= $652,582 / $339,997,042
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015140119NAL0002411923001, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015140119NAL0002411923001, received 2025-10-15
Employer contributions per participant
$6,200
Higher than 82% of the 2,457 plans $250M to 1B that report it.
= $11,928,286 / 1,924
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015140119NAL0002411923001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015140119NAL0002411923001, received 2025-10-15
Employer share of total contributions
29.1%
Higher than 43% of the 2,459 plans $250M to 1B that report it.
= $11,928,286 / $40,930,999
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015140119NAL0002411923001, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015140119NAL0002411923001, received 2025-10-15
2E profit-sharing · 2F ERISA 404(c) plan · 2H partially participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015140119NAL0002411923001, received 2025-10-15
| Field | Value | Source |
|---|---|---|
| Plan sponsor | SMITHFIELD FOODS INCORPORATED | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Plan name | SMITHFIELD FOODS, INC. BARGAINING 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Sponsor EIN / plan number | 52-0845861 / 004 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Sponsor location | SMITHFIELD, VA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Industry (business code) | 551112, Management of companies and enterprises | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Participants, beginning of year | 15,938 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Active participants | 13,237 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Participants, end of year | 15,653 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Participants with an account balance | 1,924 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Total assets, beginning of year | $307,940,466 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Total assets, end of year | $339,997,042 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Net assets, end of year | $339,997,042 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Total income | $76,634,427 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Net income | $33,032,178 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Employer contributions | $11,928,286 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Participant contributions | $28,757,070 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Other contributions (incl. rollovers) | $245,643 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Total contributions | $40,930,999 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Benefit payments | $42,614,078 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $43,602,249 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Total administrative expenses | $652,582 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Recordkeeping fees | $652,282 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Investment advisory and management fees | $0 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Administrative expenses excluding investment management | $652,582 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Held in common/collective trusts | $319,506,636 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Held in mutual funds | $672,058 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251015140119NAL0002411923001, received 2025-10-15 |
| Independent auditor | KREISCHER MILLER | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015140119NAL0002411923001, received 2025-10-15 |
Position = column in the DOL layout for form year 2024. Filing 20251015140119NAL0002411923001, received 2025-10-15.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANYrecordkeeper | NONE | 64 Recordkeeping fees; 50 Direct payment from the plan; 15 Recordkeeping and information management; 37 Participant loan processing | $653,708 | yes |
| EMPOWER FINANCIAL SERVICES, INC. | NONE | 72 Other investment fees and expenses; 33 Securities brokerage; 59 Shareholder servicing fees; 63 Distribution (12b-1) fees | $460 | no |
| QDRO CONSULTANTS COMPANY, LLC | NONE | 99 Other fees; 16 Consulting (general); 50 Direct payment from the plan | $300 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251015140119NAL0002411923001, received 2025-10-15.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $307,940,466 | $339,997,042 | 10.4% |
| Participants with a balance | 13,564 | 1,924 | -85.8% |
| Administrative expenses | $627,745 | $652,582 | 4.0% |
| Recordkeeping fees per participant | $46.26 | $339.02 | 632.9% |
| Employer contributions | $10,219,712 | $11,928,286 | 16.7% |
Prior filing 20241014100042NAL0013095283001, received 2024-10-14; the plan years are contiguous.