Hormel Foods Corporation Pension Plan
Corporate pension, based in Austin, Minnesota, reporting $1.0B in assets, for 11,855 participants.
Composed from this allocator's classification, location and filed figures.
Nothing material in the last 90 days. Last change: 28 Oct 2024, Hormel Foods Corporation Pension Plan funded ratio 111.7% -> 97.8% (2023-10-30 to 2024-10-28).
5 more advisers
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Relationship network
22 connected entities
From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.
- Sponsor
- Service provider
- Organization
›How strength and recency are read
Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
Size, funding, policy and commitments, with their basesCorporate pensionShowHide
Allocation policy
- Master trust investment accounts 100.0%
Consultants and advisers
- Curcio Webb General consultantthrough Oct 27, 2024 Form 5500
- Meketa Fiduciary Management, LLC Pension consultantthrough Oct 29, 2023 Form 5500
- VIA Actuarial Actuarythrough Oct 26, 2025 Form 5500
+5 more consultants and advisers advise this allocator
Every name, record and relationship behind this count, with the source on each.
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People
Manager roster
- Metlife Investment Managementplan years 2023
- Jpmorgan Chase Bank, N.A.plan years 2023
- Legal & General Inv Mgmt Americaplan years 2023
+4 more Schedule C managers
Every name, record and relationship behind this count, with the source on each.
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What changed
- Oct 28, 2024Funded status changedHormel Foods Corporation Pension Plan funded ratio 111.7% -> 97.8% (2023-10-30 to 2024-10-28)
- Oct 28, 2024Assets changedHormel Foods Corporation Pension Plan plan assets $886M -> $993M (+12.0%, 2023-10-30 to 2024-10-28)
- Oct 27, 2024Assets changedHormel Foods Corporation Pension Plan total assets $880M -> $985M (+12.0%, 2023-10-29 to 2024-10-27)
- Dec 31, 2023Consultant changedinferenceCurcio Webb appears on Hormel Foods Corporation Pension Plan's Schedule C as general consultant (plan year 2023 vs 2022)with Curcio Webbaskebsa.dol.gov
- Oct 30, 2023Funded status changedHormel Foods Corporation Pension Plan funded ratio 121.8% -> 111.7% (2022-10-31 to 2023-10-30)
Commitments
Size and funding
Form 5500 filings
| Plan year | Participants | Assets (SB market) | Funding target | FTAP | Total assets (H) | Partnerships / JV | Master trust | Real estate |
|---|---|---|---|---|---|---|---|---|
| 2024 to Oct 26, 2025 | 11,855 | $993M | $861M | 97.8% | $1.0B | Not disclosed | $1.0B | Not disclosed |
| 2023 to Oct 27, 2024 | 12,894 | $886M | $807M | 111.7% | $985M | Not disclosed | $985M | Not disclosed |
| 2022 to Oct 29, 2023 | 7,770 | $926M | $776M | 121.8% | $880M | Not disclosed | $880M | Not disclosed |
- Meketa Fiduciary Management codes 17 27 31 50 $666,984 PY2024
- Cbiz Retirement Plan Services codes 13 15 $256,016 PY2024
- US Bank Na codes 21 50 $255,240 PY2024
+44 more service providers
Every name, record and relationship behind this count, with the source on each.
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Provenance
Provenance
Not yet on record: fund commitments, managers.
Record history
- Funded status changed2024-10-28source on record
- Total assets changed2024-10-28source on record
- Total assets changed2024-10-27source on record
+2 more changes on this record's ledger
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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
›Connections
every published relationship on the graph
+16 connections on the graph
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