Hormel Foods Corporation
55
Plan:
Jennie-O Turkey Store Retirement Savings Plan
36
60
84
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 29 point difference between this plan's BrightScope Rating (55) and the top rated plan (84) could equate to:
[How is this calculated?]
[How is this calculated?]
14 additional years of work Up to $204,400 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.
Retirement Plan Description
Jennie-O Turkey Store Retirement Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 55. This plan is in the top 35% of plans for Participation Rate and Total Plan Cost. Jennie-O Turkey Store Retirement Savings Plan currently has over 6,400 active participants and over $98.4M in plan assets.
Retirement Plan Details
| Address |
2505 Willmar Ave Sw
Willmar, MN 56201-2711 |
| Industry | Manufacturing |
| Administrator | Patricia A. Solheid |
| Net Plan Assets | $98,400,000 |
| Total Participants | 6,500 |
| Avg Account Balance | $17,000 |
Compare Other Companies in Peer Group
| American Pacific | 76.3 |
| Kasa Companies | 60.7 |
| Hormel Foods | 53.9 |
| Hormel Foods | 50.3 |
| MTC Distributing | 50.1 |
| Dakota Tube | 44.1 |
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