Plan Snapshot
- Plan Sponsor: Smithfield Foods Incorporated
- Sponsor EIN: 520845861
- Sponsor Address: 1911 S. CHURCH ST, SMITHFIELD, VA, 23430
- Plan Type: 401(k)
- Total Participants: 13,599
- Total Assets: $418.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 13,599 | $418.7M | $26.2M | $39.2M |
| 2023 | 14,815 | $375.9M | $27.1M | $38.5M |
| 2022 | 16,565 | $313.5M | $28.0M | $37.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| KREISCHER MILLER | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KREISCHER MILLER — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $764,577 | — | — | — | — |
| 2023 | $759,886 | — | — | — | — |
| 2022 | $746,864 | — | — | — | $600 |