HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A *
Plan Contact
- Address: 1 HORMEL PLACE,AUSTIN,MN
- Contact person: AMY NOTERMANN
- Phone: (507) 437-5481
Plan General Information
HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A * Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A * is $1,083,120,575.00.This plan was established in 1986.
HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A * Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A * is 7010
HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A * Average Participant Retirement Account Value
In 2023, the average participant retirement account value for HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A * is $154,510.00
HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A * Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A * is $12,299.00.
HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A * Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A * is approximately $2,305.00
Investing in this additonal $2,305.00 for 20 years would give you extra $147,582.00, assuming a 10% annual return.
Investing in this additonal $2,305.00 for 20 years would give you extra $147,582.00, assuming a 10% annual return.
HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A * Total Employer Contribution and Match Rate
In 2023, HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A * allocates $16,164,883.00 to match its employees' contributions, providing an employer match rate of 37.50% of their contributions
HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A * Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A * is 4.60%.
HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A * Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A * is 10.27%. This measures the effectiveness of the plan participants' investments in the year.
HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A * Expense Ratio
In 2023, the investment and administrative expense ratio of HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A * is 0.05%.
Enrollment Features
HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN A * has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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