Hormel Foods Corporation401(k) + ESOP (KSOP)
JENNIE-O TURKEY STORE RETIREMENT SAVINGS PLAN · WILLMAR, MN · plan year 2025
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Hormel Foods Corporation reported $270,444 in plan administrative expenses for 2025: 0.10% of average plan assets, above the peer median. Employer contributions averaged $266 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 3 years on file its reported administrative ratio rose from 0.00% to 0.10%. The plan sits in the $250M–$1B size bracket, benchmarked here against 230 comparable plans and shown alongside other manufacturing employers. By assets it is the 132nd-largest of 1,918 plans among Minnesota employers on file, and the 867th of 13,661 in manufacturing. In 2025, employees put in $8.86 for every $1.00 the employer contributed.
Hormel Foods Corporation's 2025 employer contribution ran below the $4,295 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 410734466 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.