Plan Ledger DOL Form 5500 · updated monthly

Hormel Foods Corporation401(k) + ESOP (KSOP)

CAPITAL ACCUMULATION PLAN · ROCHELLE, IL · plan year 2025

Reported admin expense ratio · 2025
0.13%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Hormel Foods Corporation reported $258,748 in plan administrative expenses for 2025: 0.13% of average plan assets, above the peer median. Employer contributions averaged $1,278 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 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other manufacturing employers. By assets it is the 321st-largest of 3,702 plans among Illinois employers on file, and the 1,127th of 13,661 in manufacturing. In 2025, employees put in $1.97 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$209,566,845
Participants with balances5,853
Active participants4,979
Employer contributions$6,360,756
Employee contributions$12,505,547
Employer contribution per active participant$1,278
Average account balance$35,805
Benefits paid to participants$21,818,538
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$209.6M · 5,853 accts · $6.4M emplr
2024$187.0M · 5,969 accts · $8.1M emplr
2023$171.7M · 6,830 accts · $7.4M emplr
2022$148.5M · 5,085 accts · $1.5M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$182,288
Investment management$30,435
Audit (IQPA)$35,000
Total administrative$258,748
The Hormel Foods Corporation 401(k) match · 2025
Employer contribution per active participant$1,278
Median for plans this size$4,093
2025$1,278 per active participant
2024$1,585 per active participant
2023$1,435 per active participant
2022$276 per active participant

Hormel Foods Corporation's 2025 employer contribution ran below the $4,093 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.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20255
ERNST & YOUNG US LLP · Accounting / audit$35,000
MEKETA FIDUCIARY MANAGEMENT LLC · Investment advisory (plan)$30,435
VAN IWAARDEN ASSOCIATES · Other services$6,416
CHARLES SCHWAB & CO., INC. · Securities brokerage$45

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$258,748 · 0.13%
2024$266,178 · 0.15%
2023$310,556 · 0.19%
2022$576 · 0.00%
Similar plansManufacturing · Illinois
Maclean-Fogg Company IL$217.3M · 0.18%
Ferrara Candy Company IL$217.3M · 0.23%
Knowles Corporation IL$204.5M · 0.14%
Nortek, Inc. IL$204.3M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363889635 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.