Hormel Foods Corporation
73
Plan:
36
62
84
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 11 point difference between this plan's BrightScope Rating (73) and the top rated plan (84) could equate to:
[How is this calculated?]
[How is this calculated?]
7 additional years of work Up to $27,600 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
Hormel Foods Corporation Tax Deferred Investment Plan A is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 73. This plan is in the top 15% of plans for Total Plan Cost. Hormel Foods Corporation Tax Deferred Investment Plan A currently has over 4,900 active participants and over $351.0M in plan assets.
Retirement Plan Details
| Address |
1 Hormel Pl
Austin, MN 55912-3673 |
| Industry | Manufacturing |
| Administrator | James W. Doyle |
| Sponsor | Brian D. Johnson Secretary |
| Net Plan Assets | $351,000,000 |
| Total Participants | 5,000 |
| Avg Account Balance | $83,000 |
Compare Other Companies in Peer Group
| American Pacific | 76.3 |
| Moog | 73.1 |
| Hormel Foods | 54.6 |
| Hormel Foods | 50.3 |
| MTC Distributing | 50.1 |
| Dakota Tube | 44.1 |
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