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HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 401k Plan overview

Plan NameHORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B
Plan identification number 051

HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

HORMEL FOODS CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:HORMEL FOODS CORPORATION
Employer identification number (EIN):410319970
NAIC Classification:311610
NAIC Description: Animal Slaughtering and Processing

Additional information about HORMEL FOODS CORPORATION

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 0243112

More information about HORMEL FOODS CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0512024-01-01JACOB J ZIMMERLI
0512023-01-01
0512023-01-01AMY NOTERMANN
0512022-10-31
0512022-10-31AMY NOTERMANN
0512021-11-01
0512021-11-01AMY NOTERMANN
0512020-10-26
0512019-10-28
0512018-10-29
0512018-10-29
0512017-10-30
0512016-10-31THOMAS BROWN BRIAN JOHNSON2018-05-30
0512015-10-26THOMAS BROWN BRIAN JOHNSON2017-08-07
0512014-10-27THOMAS BROWN GARY JAMISON2016-08-04
0512013-10-28JAMES DOYLE BRIAN JOHNSON2015-07-22
0512012-10-29JAMES DOYLE BRIAN JOHNSON2014-05-16
0512011-10-31JAMES DOYLE BRIAN JOHNSON2013-05-30
0512010-11-01JAMES DOYLE BRIAN JOHNSON2012-05-29
0512009-10-26JAMES DOYLE BRIAN JOHNSON2011-05-26

Financial Data on HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B

Measure Date Value
2023 : HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2023 401k financial data
Unrealized appreciation/depreciation of real estate assets2023-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2023-12-31$1,615,374
Total unrealized appreciation/depreciation of assets2023-12-31$1,615,374
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Expenses. Interest paid2023-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022023-12-31$0
Total income from all sources (including contributions)2023-12-31$6,231,358
Total loss/gain on sale of assets2023-12-31$-22,188,715
Total of all expenses incurred2023-12-31$25,654,115
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$25,292,466
Expenses. Certain deemed distributions of participant loans2023-12-31$120,421
Value of total corrective distributions2023-12-31$4,153
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$9,470,652
Value of total assets at end of year2023-12-31$188,490,543
Value of total assets at beginning of year2023-12-31$207,913,300
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$237,075
Total income from rents2023-12-31$0
Total interest from all sources2023-12-31$1,803,144
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$1,711,454
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$27,480
Assets. Real estate other than employer real property at end of year2023-12-31$0
Assets. Real estate other than employer real property at beginning of year2023-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2023-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2023-12-31$0
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$1,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$7,457,655
Participant contributions at end of year2023-12-31$6,552,048
Participant contributions at beginning of year2023-12-31$6,580,718
Participant contributions at end of year2023-12-31$137,075
Participant contributions at beginning of year2023-12-31$246,447
Assets. Other investments not covered elsewhere at end of year2023-12-31$869,926
Assets. Other investments not covered elsewhere at beginning of year2023-12-31$627,502
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$40,785
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2023-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-31$394,722
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-12-31$409,913
Assets. Loans (other than to participants) at end of year2023-12-31$0
Assets. Loans (other than to participants) at beginning of year2023-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2023-12-31$0
Other income not declared elsewhere2023-12-31$252,516
Administrative expenses (other) incurred2023-12-31$10,653
Total non interest bearing cash at end of year2023-12-31$0
Total non interest bearing cash at beginning of year2023-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$-19,422,757
Value of net assets at end of year (total assets less liabilities)2023-12-31$188,490,543
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$207,913,300
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Assets. partnership/joint venture interests at end of year2023-12-31$0
Assets. partnership/joint venture interests at beginning of year2023-12-31$0
Investment advisory and management fees2023-12-31$34,703
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$2,905,550
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$4,171,101
Interest on participant loans2023-12-31$459,024
Income. Interest from loans (other than to participants)2023-12-31$0
Interest earned on other investments2023-12-31$1,344,120
Income. Interest from US Government securities2023-12-31$0
Income. Interest from corporate debt instruments2023-12-31$0
Value of interest in master investment trust accounts at end of year2023-12-31$0
Value of interest in master investment trust accounts at beginning of year2023-12-31$0
Value of interest in common/collective trusts at end of year2023-12-31$86,833,958
Value of interest in common/collective trusts at beginning of year2023-12-31$73,744,616
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-12-31$0
Assets. Value of investments in 103.12 investment entities at end of year2023-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2023-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-31$42,168,705
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-31$50,808,304
Expenses. Payments to insurance carriers foe the provision of benefits2023-12-31$0
Asset value of US Government securities at end of year2023-12-31$0
Asset value of US Government securities at beginning of year2023-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$67,805
Net investment gain/loss from pooled separate accounts2023-12-31$0
Net investment gain or loss from common/collective trusts2023-12-31$13,499,128
Net gain/loss from 103.12 investment entities2023-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Assets. Invements in employer securities at end of year2023-12-31$48,615,224
Assets. Invements in employer securities at beginning of year2023-12-31$71,205,802
Assets. Value of employer real property at end of year2023-12-31$0
Assets. Value of employer real property at beginning of year2023-12-31$0
Contributions received in cash from employer2023-12-31$1,972,212
Employer contributions (assets) at end of year2023-12-31$13,335
Employer contributions (assets) at beginning of year2023-12-31$118,897
Income. Dividends from preferred stock2023-12-31$0
Income. Dividends from common stock2023-12-31$1,683,974
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$25,292,466
Asset. Corporate debt instrument preferred debt at end of year2023-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2023-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2023-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2023-12-31$0
Contract administrator fees2023-12-31$0
Assets. Corporate common stocks other than exployer securities at end of year2023-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2023-12-31$0
Liabilities. Value of benefit claims payable at end of year2023-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2023-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2023-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2023-12-31$0
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Aggregate proceeds on sale of assets2023-12-31$63,704,087
Aggregate carrying amount (costs) on sale of assets2023-12-31$85,892,802
Liabilities. Value of acquisition indebtedness at end of year2023-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2023-12-31$0
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31ERNST & YOUNG, LLP
Accountancy firm EIN2023-12-31346565596
Unrealized appreciation/depreciation of real estate assets2023-01-01$0
Unrealized appreciation/depreciation of other (non real estate) assets2023-01-01$1,615,374
Total unrealized appreciation/depreciation of assets2023-01-01$1,615,374
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total income from all sources (including contributions)2023-01-01$6,231,358
Total loss/gain on sale of assets2023-01-01$-22,188,715
Total of all expenses incurred2023-01-01$25,654,115
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$25,292,466
Expenses. Certain deemed distributions of participant loans2023-01-01$120,421
Value of total corrective distributions2023-01-01$4,153
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$9,470,652
Value of total assets at end of year2023-01-01$188,490,543
Value of total assets at beginning of year2023-01-01$207,913,300
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$237,075
Total income from rents2023-01-01$0
Total interest from all sources2023-01-01$1,803,144
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$1,711,454
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2023-01-01$27,480
Assets. Real estate other than employer real property at end of year2023-01-01$0
Assets. Real estate other than employer real property at beginning of year2023-01-01$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2023-01-01$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2023-01-01$0
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$1,000,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Contributions received from participants2023-01-01$7,457,655
Participant contributions at end of year2023-01-01$6,552,048
Participant contributions at beginning of year2023-01-01$6,580,718
Participant contributions at end of year2023-01-01$137,075
Participant contributions at beginning of year2023-01-01$246,447
Assets. Other investments not covered elsewhere at end of year2023-01-01$869,926
Assets. Other investments not covered elsewhere at beginning of year2023-01-01$627,502
Income. Received or receivable in cash from other sources (including rollovers)2023-01-01$40,785
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2023-01-01$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-01-01$394,722
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-01-01$409,913
Assets. Loans (other than to participants) at end of year2023-01-01$0
Assets. Loans (other than to participants) at beginning of year2023-01-01$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-01-01$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2023-01-01$0
Other income not declared elsewhere2023-01-01$252,516
Administrative expenses (other) incurred2023-01-01$10,653
Total non interest bearing cash at end of year2023-01-01$0
Total non interest bearing cash at beginning of year2023-01-01$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$-19,422,757
Value of net assets at end of year (total assets less liabilities)2023-01-01$188,490,543
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$207,913,300
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Assets. partnership/joint venture interests at end of year2023-01-01$0
Assets. partnership/joint venture interests at beginning of year2023-01-01$0
Investment advisory and management fees2023-01-01$34,703
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-01-01$2,905,550
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-01-01$4,171,101
Interest on participant loans2023-01-01$459,024
Income. Interest from loans (other than to participants)2023-01-01$0
Interest earned on other investments2023-01-01$1,344,120
Income. Interest from US Government securities2023-01-01$0
Income. Interest from corporate debt instruments2023-01-01$0
Value of interest in master investment trust accounts at end of year2023-01-01$0
Value of interest in master investment trust accounts at beginning of year2023-01-01$0
Value of interest in common/collective trusts at end of year2023-01-01$86,833,958
Value of interest in common/collective trusts at beginning of year2023-01-01$73,744,616
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-01-01$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-01-01$0
Assets. Value of investments in 103.12 investment entities at end of year2023-01-01$0
Assets. Value of investments in 103.12 investment entities at beginning of year2023-01-01$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-01-01$42,168,705
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-01-01$50,808,304
Expenses. Payments to insurance carriers foe the provision of benefits2023-01-01$0
Asset value of US Government securities at end of year2023-01-01$0
Asset value of US Government securities at beginning of year2023-01-01$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-01-01$67,805
Net investment gain/loss from pooled separate accounts2023-01-01$0
Net investment gain or loss from common/collective trusts2023-01-01$13,499,128
Net gain/loss from 103.12 investment entities2023-01-01$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Assets. Invements in employer securities at end of year2023-01-01$48,615,224
Assets. Invements in employer securities at beginning of year2023-01-01$71,205,802
Assets. Value of employer real property at end of year2023-01-01$0
Assets. Value of employer real property at beginning of year2023-01-01$0
Contributions received in cash from employer2023-01-01$1,972,212
Employer contributions (assets) at end of year2023-01-01$13,335
Employer contributions (assets) at beginning of year2023-01-01$118,897
Income. Dividends from preferred stock2023-01-01$0
Income. Dividends from common stock2023-01-01$1,683,974
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$25,292,466
Asset. Corporate debt instrument preferred debt at end of year2023-01-01$0
Asset. Corporate debt instrument preferred debt at beginning of year2023-01-01$0
Asset. Corporate debt instrument debt (other) at end of year2023-01-01$0
Asset. Corporate debt instrument debt (other) at beginning of year2023-01-01$0
Contract administrator fees2023-01-01$0
Assets. Corporate common stocks other than exployer securities at end of year2023-01-01$0
Assets. Corporate common stocks other than exployer securities at beginning of year2023-01-01$0
Liabilities. Value of benefit claims payable at end of year2023-01-01$0
Liabilities. Value of benefit claims payable at beginning of year2023-01-01$0
Assets. Value of buildings and other operty used in plan operation at end of year2023-01-01$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2023-01-01$0
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Aggregate proceeds on sale of assets2023-01-01$63,704,087
Aggregate carrying amount (costs) on sale of assets2023-01-01$85,892,802
Liabilities. Value of acquisition indebtedness at end of year2023-01-01$0
Liabilities. Value of acquisition indebtedness at beginning of year2023-01-01$0
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01ERNST & YOUNG, LLP
Accountancy firm EIN2023-01-01346565596
2022 : HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-2,375,113
Total unrealized appreciation/depreciation of assets2022-12-31$-2,375,113
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$2,474,680
Total loss/gain on sale of assets2022-12-31$176,028
Total of all expenses incurred2022-12-31$4,771,762
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$4,733,631
Expenses. Certain deemed distributions of participant loans2022-12-31$32,136
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$2,104,927
Value of total assets at end of year2022-12-31$207,913,300
Value of total assets at beginning of year2022-12-31$210,210,382
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$5,995
Total interest from all sources2022-12-31$322,143
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$409,913
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$0
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$10,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$1,360,118
Participant contributions at end of year2022-12-31$6,580,718
Participant contributions at beginning of year2022-12-31$6,813,021
Participant contributions at end of year2022-12-31$246,447
Participant contributions at beginning of year2022-12-31$413,867
Assets. Other investments not covered elsewhere at end of year2022-12-31$627,502
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$791,710
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$409,913
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$409,685
Other income not declared elsewhere2022-12-31$-119,831
Administrative expenses (other) incurred2022-12-31$205
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-2,297,082
Value of net assets at end of year (total assets less liabilities)2022-12-31$207,913,300
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$210,210,382
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$5,790
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$4,171,101
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$4,135,758
Interest on participant loans2022-12-31$62,723
Interest earned on other investments2022-12-31$259,420
Value of interest in common/collective trusts at end of year2022-12-31$73,744,616
Value of interest in common/collective trusts at beginning of year2022-12-31$71,251,182
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$50,808,304
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$51,766,019
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$152,261
Net investment gain or loss from common/collective trusts2022-12-31$1,804,352
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Assets. Invements in employer securities at end of year2022-12-31$71,205,802
Assets. Invements in employer securities at beginning of year2022-12-31$73,961,211
Contributions received in cash from employer2022-12-31$744,809
Employer contributions (assets) at end of year2022-12-31$118,897
Employer contributions (assets) at beginning of year2022-12-31$667,929
Income. Dividends from common stock2022-12-31$409,913
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$4,733,631
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$2,355,837
Aggregate carrying amount (costs) on sale of assets2022-12-31$2,179,809
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31ERNST & YOUNG, LLP
Accountancy firm EIN2022-12-31346565596
Unrealized appreciation/depreciation of other (non real estate) assets2022-10-31$-2,375,113
Total unrealized appreciation/depreciation of assets2022-10-31$-2,375,113
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-10-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-10-31$0
Total income from all sources (including contributions)2022-10-31$2,474,680
Total loss/gain on sale of assets2022-10-31$176,028
Total of all expenses incurred2022-10-31$4,771,762
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-10-31$4,733,631
Expenses. Certain deemed distributions of participant loans2022-10-31$32,136
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-10-31$2,104,927
Value of total assets at end of year2022-10-31$207,913,300
Value of total assets at beginning of year2022-10-31$210,210,382
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-10-31$5,995
Total interest from all sources2022-10-31$322,143
Total dividends received (eg from common stock, registered investment company shares)2022-10-31$409,913
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-10-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-10-31$0
Was this plan covered by a fidelity bond2022-10-31Yes
Value of fidelity bond cover2022-10-31$10,000,000
If this is an individual account plan, was there a blackout period2022-10-31No
Were there any nonexempt tranactions with any party-in-interest2022-10-31No
Contributions received from participants2022-10-31$1,360,118
Participant contributions at end of year2022-10-31$6,580,718
Participant contributions at beginning of year2022-10-31$6,813,021
Participant contributions at end of year2022-10-31$246,447
Participant contributions at beginning of year2022-10-31$413,867
Assets. Other investments not covered elsewhere at end of year2022-10-31$627,502
Assets. Other investments not covered elsewhere at beginning of year2022-10-31$791,710
Income. Received or receivable in cash from other sources (including rollovers)2022-10-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-10-31$409,913
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-10-31$409,685
Other income not declared elsewhere2022-10-31$-119,831
Administrative expenses (other) incurred2022-10-31$205
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-10-31No
Value of net income/loss2022-10-31$-2,297,082
Value of net assets at end of year (total assets less liabilities)2022-10-31$207,913,300
Value of net assets at beginning of year (total assets less liabilities)2022-10-31$210,210,382
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-10-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-10-31No
Were any leases to which the plan was party in default or uncollectible2022-10-31No
Investment advisory and management fees2022-10-31$5,790
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-10-31$4,171,101
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-10-31$4,135,758
Interest on participant loans2022-10-31$62,723
Interest earned on other investments2022-10-31$259,420
Value of interest in common/collective trusts at end of year2022-10-31$73,744,616
Value of interest in common/collective trusts at beginning of year2022-10-31$71,251,182
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-10-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-10-31$50,808,304
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-10-31$51,766,019
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-10-31$152,261
Net investment gain or loss from common/collective trusts2022-10-31$1,804,352
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-10-31No
Was there a failure to transmit to the plan any participant contributions2022-10-31No
Has the plan failed to provide any benefit when due under the plan2022-10-31No
Assets. Invements in employer securities at end of year2022-10-31$71,205,802
Assets. Invements in employer securities at beginning of year2022-10-31$73,961,211
Contributions received in cash from employer2022-10-31$744,809
Employer contributions (assets) at end of year2022-10-31$118,897
Employer contributions (assets) at beginning of year2022-10-31$667,929
Income. Dividends from common stock2022-10-31$409,913
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-10-31$4,733,631
Did the plan have assets held for investment2022-10-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-10-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-10-31No
Aggregate proceeds on sale of assets2022-10-31$2,355,837
Aggregate carrying amount (costs) on sale of assets2022-10-31$2,179,809
Opinion of an independent qualified public accountant for this plan2022-10-311
Accountancy firm name2022-10-31ERNST & YOUNG, LLP
Accountancy firm EIN2022-10-31346565596
Unrealized appreciation/depreciation of other (non real estate) assets2022-10-30$6,532,773
Total unrealized appreciation/depreciation of assets2022-10-30$6,532,773
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-10-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-10-30$0
Total income from all sources (including contributions)2022-10-30$4,025,043
Total loss/gain on sale of assets2022-10-30$1,918,687
Total of all expenses incurred2022-10-30$23,515,884
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-10-30$23,226,212
Expenses. Certain deemed distributions of participant loans2022-10-30$20,164
Value of total corrective distributions2022-10-30$12,611
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-10-30$10,092,398
Value of total assets at end of year2022-10-30$210,210,382
Value of total assets at beginning of year2022-10-30$229,701,223
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-10-30$256,897
Total interest from all sources2022-10-30$1,909,247
Total dividends received (eg from common stock, registered investment company shares)2022-10-30$2,159,161
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-10-30No
Total dividends received from registered investment company shares (eg mutual funds)2022-10-30$473,209
Administrative expenses professional fees incurred2022-10-30$31,775
Was this plan covered by a fidelity bond2022-10-30Yes
Value of fidelity bond cover2022-10-30$10,000,000
If this is an individual account plan, was there a blackout period2022-10-30No
Were there any nonexempt tranactions with any party-in-interest2022-10-30No
Contributions received from participants2022-10-30$7,856,558
Participant contributions at end of year2022-10-30$6,813,021
Participant contributions at beginning of year2022-10-30$6,252,473
Participant contributions at end of year2022-10-30$413,867
Participant contributions at beginning of year2022-10-30$285,389
Assets. Other investments not covered elsewhere at end of year2022-10-30$791,710
Assets. Other investments not covered elsewhere at beginning of year2022-10-30$1,157,802
Income. Received or receivable in cash from other sources (including rollovers)2022-10-30$96,186
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-10-30$409,685
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-10-30$436,465
Other income not declared elsewhere2022-10-30$-363,417
Administrative expenses (other) incurred2022-10-30$16
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-10-30No
Value of net income/loss2022-10-30$-19,490,841
Value of net assets at end of year (total assets less liabilities)2022-10-30$210,210,382
Value of net assets at beginning of year (total assets less liabilities)2022-10-30$229,701,223
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-10-30No
Were any loans by the plan or fixed income obligations due to the plan in default2022-10-30No
Were any leases to which the plan was party in default or uncollectible2022-10-30No
Investment advisory and management fees2022-10-30$68,581
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-10-30$4,135,758
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-10-30$6,808,903
Value of interest in pooled separate accounts at beginning of year2022-10-30$0
Interest on participant loans2022-10-30$373,670
Interest earned on other investments2022-10-30$1,529,773
Value of interest in common/collective trusts at end of year2022-10-30$71,251,182
Value of interest in common/collective trusts at beginning of year2022-10-30$90,802,874
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-10-30$5,804
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-10-30$51,766,019
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-10-30$48,882,025
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-10-30$-2,022,188
Net investment gain or loss from common/collective trusts2022-10-30$-16,201,618
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-10-30No
Was there a failure to transmit to the plan any participant contributions2022-10-30No
Has the plan failed to provide any benefit when due under the plan2022-10-30No
Assets. Invements in employer securities at end of year2022-10-30$73,961,211
Assets. Invements in employer securities at beginning of year2022-10-30$74,395,089
Contributions received in cash from employer2022-10-30$2,139,654
Employer contributions (assets) at end of year2022-10-30$667,929
Employer contributions (assets) at beginning of year2022-10-30$680,203
Income. Dividends from common stock2022-10-30$1,685,952
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-10-30$23,226,212
Contract administrator fees2022-10-30$156,525
Did the plan have assets held for investment2022-10-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-10-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-10-30No
Aggregate proceeds on sale of assets2022-10-30$32,909,391
Aggregate carrying amount (costs) on sale of assets2022-10-30$30,990,704
Opinion of an independent qualified public accountant for this plan2022-10-30Unqualified
Accountancy firm name2022-10-30ERNST & YOUNG, LLP
Accountancy firm EIN2022-10-30346565596
2021 : HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-10-31$-12,338,171
Total unrealized appreciation/depreciation of assets2021-10-31$-12,338,171
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-10-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-10-31$0
Total income from all sources (including contributions)2021-10-31$21,118,939
Total loss/gain on sale of assets2021-10-31$412,835
Total of all expenses incurred2021-10-31$21,269,984
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-10-31$20,940,311
Expenses. Certain deemed distributions of participant loans2021-10-31$54,208
Value of total corrective distributions2021-10-31$80
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-10-31$10,590,866
Value of total assets at end of year2021-10-31$229,701,223
Value of total assets at beginning of year2021-10-31$229,852,268
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-10-31$275,385
Total interest from all sources2021-10-31$1,918,941
Total dividends received (eg from common stock, registered investment company shares)2021-10-31$2,885,157
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-10-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-10-31$1,121,158
Administrative expenses professional fees incurred2021-10-31$42,864
Was this plan covered by a fidelity bond2021-10-31Yes
Value of fidelity bond cover2021-10-31$10,000,000
If this is an individual account plan, was there a blackout period2021-10-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-10-31$0
Were there any nonexempt tranactions with any party-in-interest2021-10-31No
Contributions received from participants2021-10-31$8,278,322
Participant contributions at end of year2021-10-31$6,252,473
Participant contributions at beginning of year2021-10-31$6,598,453
Participant contributions at end of year2021-10-31$285,389
Participant contributions at beginning of year2021-10-31$308,302
Assets. Other investments not covered elsewhere at end of year2021-10-31$1,157,802
Assets. Other investments not covered elsewhere at beginning of year2021-10-31$610,921
Income. Received or receivable in cash from other sources (including rollovers)2021-10-31$155,342
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2021-10-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-10-31$436,465
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-10-31$430,290
Other income not declared elsewhere2021-10-31$185,645
Administrative expenses (other) incurred2021-10-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-10-31No
Value of net income/loss2021-10-31$-151,045
Value of net assets at end of year (total assets less liabilities)2021-10-31$229,701,223
Value of net assets at beginning of year (total assets less liabilities)2021-10-31$229,852,268
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-10-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-10-31No
Were any leases to which the plan was party in default or uncollectible2021-10-31No
Investment advisory and management fees2021-10-31$54,146
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-10-31$6,808,903
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-10-31$21,979,222
Value of interest in pooled separate accounts at end of year2021-10-31$0
Value of interest in pooled separate accounts at beginning of year2021-10-31$0
Interest on participant loans2021-10-31$372,974
Interest earned on other investments2021-10-31$1,545,901
Value of interest in common/collective trusts at end of year2021-10-31$90,802,874
Value of interest in common/collective trusts at beginning of year2021-10-31$55,235,393
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-10-31$66
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-10-31$48,882,025
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-10-31$52,368,507
Expenses. Payments to insurance carriers foe the provision of benefits2021-10-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-10-31$5,039,774
Net investment gain/loss from pooled separate accounts2021-10-31$0
Net investment gain or loss from common/collective trusts2021-10-31$12,423,892
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-10-31Yes
Was there a failure to transmit to the plan any participant contributions2021-10-31No
Has the plan failed to provide any benefit when due under the plan2021-10-31No
Assets. Invements in employer securities at end of year2021-10-31$74,395,089
Assets. Invements in employer securities at beginning of year2021-10-31$91,649,156
Contributions received in cash from employer2021-10-31$2,157,202
Employer contributions (assets) at end of year2021-10-31$680,203
Employer contributions (assets) at beginning of year2021-10-31$672,024
Income. Dividends from common stock2021-10-31$1,763,999
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-10-31$20,940,311
Contract administrator fees2021-10-31$178,375
Did the plan have assets held for investment2021-10-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-10-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-10-31No
Aggregate proceeds on sale of assets2021-10-31$20,435,414
Aggregate carrying amount (costs) on sale of assets2021-10-31$20,022,579
Opinion of an independent qualified public accountant for this plan2021-10-31Unqualified
Accountancy firm name2021-10-31ERNST & YOUNG, LLP
Accountancy firm EIN2021-10-31346565596
2020 : HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2020-10-25$16,114,836
Total unrealized appreciation/depreciation of assets2020-10-25$16,114,836
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-10-25$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-10-25$0
Total income from all sources (including contributions)2020-10-25$39,610,744
Total loss/gain on sale of assets2020-10-25$1,875,295
Total of all expenses incurred2020-10-25$19,718,224
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-10-25$19,434,805
Expenses. Certain deemed distributions of participant loans2020-10-25$20,159
Value of total corrective distributions2020-10-25$1,680
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-10-25$10,280,288
Value of total assets at end of year2020-10-25$229,852,268
Value of total assets at beginning of year2020-10-25$209,959,748
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-10-25$261,580
Total interest from all sources2020-10-25$1,966,151
Total dividends received (eg from common stock, registered investment company shares)2020-10-25$2,939,879
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-10-25No
Total dividends received from registered investment company shares (eg mutual funds)2020-10-25$1,178,662
Administrative expenses professional fees incurred2020-10-25$60,254
Was this plan covered by a fidelity bond2020-10-25Yes
Value of fidelity bond cover2020-10-25$10,000,000
If this is an individual account plan, was there a blackout period2020-10-25No
Were there any nonexempt tranactions with any party-in-interest2020-10-25No
Contributions received from participants2020-10-25$7,948,061
Participant contributions at end of year2020-10-25$6,598,453
Participant contributions at beginning of year2020-10-25$6,947,827
Participant contributions at end of year2020-10-25$308,302
Participant contributions at beginning of year2020-10-25$315,934
Assets. Other investments not covered elsewhere at end of year2020-10-25$610,921
Assets. Other investments not covered elsewhere at beginning of year2020-10-25$626,354
Income. Received or receivable in cash from other sources (including rollovers)2020-10-25$123,258
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2020-10-25$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-10-25$430,290
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-10-25$435,051
Other income not declared elsewhere2020-10-25$-17,436
Administrative expenses (other) incurred2020-10-25$150
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-10-25No
Value of net income/loss2020-10-25$19,892,520
Value of net assets at end of year (total assets less liabilities)2020-10-25$229,852,268
Value of net assets at beginning of year (total assets less liabilities)2020-10-25$209,959,748
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-10-25No
Were any loans by the plan or fixed income obligations due to the plan in default2020-10-25No
Were any leases to which the plan was party in default or uncollectible2020-10-25No
Investment advisory and management fees2020-10-25$48,397
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-10-25$21,979,222
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-10-25$19,450,836
Value of interest in pooled separate accounts at end of year2020-10-25$0
Value of interest in pooled separate accounts at beginning of year2020-10-25$0
Interest on participant loans2020-10-25$444,412
Interest earned on other investments2020-10-25$1,516,520
Value of interest in common/collective trusts at end of year2020-10-25$55,235,393
Value of interest in common/collective trusts at beginning of year2020-10-25$54,092,977
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-10-25$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-10-25$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-10-25$5,219
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-10-25$52,368,507
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-10-25$42,661,150
Expenses. Payments to insurance carriers foe the provision of benefits2020-10-25$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-10-25$1,274,748
Net investment gain/loss from pooled separate accounts2020-10-25$0
Net investment gain or loss from common/collective trusts2020-10-25$5,176,983
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-10-25No
Was there a failure to transmit to the plan any participant contributions2020-10-25No
Has the plan failed to provide any benefit when due under the plan2020-10-25No
Assets. Invements in employer securities at end of year2020-10-25$91,649,156
Assets. Invements in employer securities at beginning of year2020-10-25$84,786,681
Contributions received in cash from employer2020-10-25$2,208,969
Employer contributions (assets) at end of year2020-10-25$672,024
Employer contributions (assets) at beginning of year2020-10-25$642,938
Income. Dividends from common stock2020-10-25$1,761,217
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-10-25$19,434,805
Contract administrator fees2020-10-25$152,779
Did the plan have assets held for investment2020-10-25Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-10-25No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-10-25No
Aggregate proceeds on sale of assets2020-10-25$51,504,717
Aggregate carrying amount (costs) on sale of assets2020-10-25$49,629,422
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2020-10-25No
Opinion of an independent qualified public accountant for this plan2020-10-25Unqualified
Accountancy firm name2020-10-25ERNST & YOUNG LLP
Accountancy firm EIN2020-10-25346565596
2019 : HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-10-27$-2,132,009
Total unrealized appreciation/depreciation of assets2019-10-27$-2,132,009
Total transfer of assets from this plan2019-10-27$25,654,928
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-10-27$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-10-27$0
Total income from all sources (including contributions)2019-10-27$20,653,817
Total loss/gain on sale of assets2019-10-27$2,348,677
Total of all expenses incurred2019-10-27$19,560,440
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-10-27$19,129,972
Expenses. Certain deemed distributions of participant loans2019-10-27$21,623
Value of total corrective distributions2019-10-27$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-10-27$9,898,037
Value of total assets at end of year2019-10-27$209,959,748
Value of total assets at beginning of year2019-10-27$234,521,299
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-10-27$408,845
Total interest from all sources2019-10-27$1,846,045
Total dividends received (eg from common stock, registered investment company shares)2019-10-27$3,140,135
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-10-27No
Total dividends received from registered investment company shares (eg mutual funds)2019-10-27$1,691,686
Administrative expenses professional fees incurred2019-10-27$59,543
Was this plan covered by a fidelity bond2019-10-27Yes
Value of fidelity bond cover2019-10-27$10,000,000
If this is an individual account plan, was there a blackout period2019-10-27No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-10-27$0
Were there any nonexempt tranactions with any party-in-interest2019-10-27No
Contributions received from participants2019-10-27$7,526,823
Participant contributions at end of year2019-10-27$6,947,827
Participant contributions at beginning of year2019-10-27$7,866,665
Participant contributions at end of year2019-10-27$315,934
Participant contributions at beginning of year2019-10-27$374,560
Assets. Other investments not covered elsewhere at end of year2019-10-27$626,354
Assets. Other investments not covered elsewhere at beginning of year2019-10-27$570,364
Income. Received or receivable in cash from other sources (including rollovers)2019-10-27$179,837
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-10-27$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-10-27$435,051
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-10-27$479,736
Other income not declared elsewhere2019-10-27$40,111
Administrative expenses (other) incurred2019-10-27$300
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-10-27No
Value of net income/loss2019-10-27$1,093,377
Value of net assets at end of year (total assets less liabilities)2019-10-27$209,959,748
Value of net assets at beginning of year (total assets less liabilities)2019-10-27$234,521,299
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-10-27No
Were any loans by the plan or fixed income obligations due to the plan in default2019-10-27No
Were any leases to which the plan was party in default or uncollectible2019-10-27No
Investment advisory and management fees2019-10-27$71,624
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-10-27$19,450,836
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-10-27$22,142,985
Value of interest in pooled separate accounts at end of year2019-10-27$0
Interest on participant loans2019-10-27$461,868
Interest earned on other investments2019-10-27$1,401,551
Value of interest in common/collective trusts at end of year2019-10-27$54,092,977
Value of interest in common/collective trusts at beginning of year2019-10-27$56,587,710
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-10-27$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-10-27$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-10-27$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-10-27$-17,374
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-10-27$42,661,150
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-10-27$46,119,955
Expenses. Payments to insurance carriers foe the provision of benefits2019-10-27$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-10-27$-158,384
Net investment gain/loss from pooled separate accounts2019-10-27$0
Net investment gain or loss from common/collective trusts2019-10-27$5,671,205
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-10-27Yes
Was there a failure to transmit to the plan any participant contributions2019-10-27No
Has the plan failed to provide any benefit when due under the plan2019-10-27No
Assets. Invements in employer securities at end of year2019-10-27$84,786,681
Assets. Invements in employer securities at beginning of year2019-10-27$99,772,042
Contributions received in cash from employer2019-10-27$2,191,377
Employer contributions (assets) at end of year2019-10-27$642,938
Employer contributions (assets) at beginning of year2019-10-27$607,282
Income. Dividends from common stock2019-10-27$1,448,449
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-10-27$19,129,972
Contract administrator fees2019-10-27$277,378
Did the plan have assets held for investment2019-10-27Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-10-27No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-10-27No
Aggregate proceeds on sale of assets2019-10-27$41,098,422
Aggregate carrying amount (costs) on sale of assets2019-10-27$38,749,745
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-10-27No
Opinion of an independent qualified public accountant for this plan2019-10-27Unqualified
Accountancy firm name2019-10-27ERNST & YOUNG LLP
Accountancy firm EIN2019-10-27346565596
2018 : HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2018-10-28$17,800,568
Total unrealized appreciation/depreciation of assets2018-10-28$17,800,568
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-10-28$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-10-28$0
Total income from all sources (including contributions)2018-10-28$43,134,171
Total loss/gain on sale of assets2018-10-28$12,424,175
Total of all expenses incurred2018-10-28$18,036,658
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-10-28$17,618,435
Expenses. Certain deemed distributions of participant loans2018-10-28$624
Value of total corrective distributions2018-10-28$7,492
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-10-28$11,565,795
Value of total assets at end of year2018-10-28$234,521,299
Value of total assets at beginning of year2018-10-28$209,423,786
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-10-28$410,107
Total interest from all sources2018-10-28$1,859,286
Total dividends received (eg from common stock, registered investment company shares)2018-10-28$3,238,194
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-10-28No
Total dividends received from registered investment company shares (eg mutual funds)2018-10-28$1,365,085
Administrative expenses professional fees incurred2018-10-28$60,445
Was this plan covered by a fidelity bond2018-10-28Yes
Value of fidelity bond cover2018-10-28$10,000,000
If this is an individual account plan, was there a blackout period2018-10-28No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-10-28$0
Were there any nonexempt tranactions with any party-in-interest2018-10-28No
Contributions received from participants2018-10-28$8,493,019
Participant contributions at end of year2018-10-28$7,866,665
Participant contributions at beginning of year2018-10-28$7,494,643
Participant contributions at end of year2018-10-28$374,560
Participant contributions at beginning of year2018-10-28$378,494
Assets. Other investments not covered elsewhere at end of year2018-10-28$570,364
Assets. Other investments not covered elsewhere at beginning of year2018-10-28$703,530
Income. Received or receivable in cash from other sources (including rollovers)2018-10-28$521,780
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-10-28$479,736
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-10-28$478,808
Other income not declared elsewhere2018-10-28$-172,887
Administrative expenses (other) incurred2018-10-28$150
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-10-28No
Value of net income/loss2018-10-28$25,097,513
Value of net assets at end of year (total assets less liabilities)2018-10-28$234,521,299
Value of net assets at beginning of year (total assets less liabilities)2018-10-28$209,423,786
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-10-28No
Were any loans by the plan or fixed income obligations due to the plan in default2018-10-28No
Were any leases to which the plan was party in default or uncollectible2018-10-28No
Investment advisory and management fees2018-10-28$33,411
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-10-28$22,142,985
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-10-28$22,085,177
Interest on participant loans2018-10-28$467,322
Interest earned on other investments2018-10-28$1,371,378
Value of interest in common/collective trusts at end of year2018-10-28$56,587,710
Value of interest in common/collective trusts at beginning of year2018-10-28$53,565,917
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-10-28$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-10-28$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-10-28$20,586
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-10-28$46,119,955
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-10-28$41,470,246
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-10-28$-882,681
Net investment gain or loss from common/collective trusts2018-10-28$-2,698,279
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-10-28No
Was there a failure to transmit to the plan any participant contributions2018-10-28No
Has the plan failed to provide any benefit when due under the plan2018-10-28No
Assets. Invements in employer securities at end of year2018-10-28$99,772,042
Assets. Invements in employer securities at beginning of year2018-10-28$82,671,898
Contributions received in cash from employer2018-10-28$2,550,996
Employer contributions (assets) at end of year2018-10-28$607,282
Employer contributions (assets) at beginning of year2018-10-28$575,073
Income. Dividends from common stock2018-10-28$1,873,109
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-10-28$17,618,435
Contract administrator fees2018-10-28$316,101
Did the plan have assets held for investment2018-10-28Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-10-28No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-10-28No
Aggregate proceeds on sale of assets2018-10-28$29,346,752
Aggregate carrying amount (costs) on sale of assets2018-10-28$16,922,577
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-10-28No
Opinion of an independent qualified public accountant for this plan2018-10-28Unqualified
Accountancy firm name2018-10-28ERNST & YOUNG LLP
Accountancy firm EIN2018-10-28346565596
2017 : HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-10-29$-26,063,312
Total unrealized appreciation/depreciation of assets2017-10-29$-26,063,312
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-10-29$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-10-29$0
Total income from all sources (including contributions)2017-10-29$3,482,660
Total loss/gain on sale of assets2017-10-29$5,782,907
Total of all expenses incurred2017-10-29$15,370,416
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-10-29$15,052,458
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-10-29$10,611,916
Value of total assets at end of year2017-10-29$209,423,786
Value of total assets at beginning of year2017-10-29$221,311,542
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-10-29$317,958
Total interest from all sources2017-10-29$1,788,194
Total dividends received (eg from common stock, registered investment company shares)2017-10-29$2,786,157
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-10-29No
Total dividends received from registered investment company shares (eg mutual funds)2017-10-29$848,352
Assets. Real estate other than employer real property at beginning of year2017-10-29$0
Administrative expenses professional fees incurred2017-10-29$12,678
Was this plan covered by a fidelity bond2017-10-29Yes
Value of fidelity bond cover2017-10-29$10,000,000
If this is an individual account plan, was there a blackout period2017-10-29No
Were there any nonexempt tranactions with any party-in-interest2017-10-29No
Contributions received from participants2017-10-29$8,102,598
Participant contributions at end of year2017-10-29$7,494,643
Participant contributions at beginning of year2017-10-29$7,012,226
Participant contributions at end of year2017-10-29$378,494
Participant contributions at beginning of year2017-10-29$372,005
Assets. Other investments not covered elsewhere at end of year2017-10-29$703,530
Assets. Other investments not covered elsewhere at beginning of year2017-10-29$385,714
Income. Received or receivable in cash from other sources (including rollovers)2017-10-29$106,932
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-10-29$478,808
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-10-29$415,747
Assets. Loans (other than to participants) at beginning of year2017-10-29$0
Other income not declared elsewhere2017-10-29$84,820
Administrative expenses (other) incurred2017-10-29$61
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-10-29No
Value of net income/loss2017-10-29$-11,887,756
Value of net assets at end of year (total assets less liabilities)2017-10-29$209,423,786
Value of net assets at beginning of year (total assets less liabilities)2017-10-29$221,311,542
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-10-29No
Were any loans by the plan or fixed income obligations due to the plan in default2017-10-29No
Were any leases to which the plan was party in default or uncollectible2017-10-29No
Investment advisory and management fees2017-10-29$41,628
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-10-29$22,085,177
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-10-29$16,233,800
Value of interest in pooled separate accounts at beginning of year2017-10-29$0
Interest on participant loans2017-10-29$398,466
Interest earned on other investments2017-10-29$1,365,434
Value of interest in common/collective trusts at end of year2017-10-29$53,565,917
Value of interest in common/collective trusts at beginning of year2017-10-29$43,919,945
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-10-29$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-10-29$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-10-29$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-10-29$24,294
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-10-29$41,470,246
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-10-29$41,732,508
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-10-29$2,778,515
Net investment gain or loss from common/collective trusts2017-10-29$5,713,463
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-10-29No
Was there a failure to transmit to the plan any participant contributions2017-10-29No
Has the plan failed to provide any benefit when due under the plan2017-10-29No
Assets. Invements in employer securities at end of year2017-10-29$82,671,898
Assets. Invements in employer securities at beginning of year2017-10-29$110,712,367
Contributions received in cash from employer2017-10-29$2,402,386
Employer contributions (assets) at end of year2017-10-29$575,073
Employer contributions (assets) at beginning of year2017-10-29$527,230
Income. Dividends from common stock2017-10-29$1,937,805
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-10-29$15,052,458
Contract administrator fees2017-10-29$263,591
Did the plan have assets held for investment2017-10-29Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-10-29No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-10-29No
Aggregate proceeds on sale of assets2017-10-29$12,703,976
Aggregate carrying amount (costs) on sale of assets2017-10-29$6,921,069
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-10-29No
Opinion of an independent qualified public accountant for this plan2017-10-29Unqualified
Accountancy firm name2017-10-29ERNST & YOUNG LLP
Accountancy firm EIN2017-10-29346565596
2016 : HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2016-10-25$5,730,306
Total unrealized appreciation/depreciation of assets2016-10-25$5,730,306
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-10-25$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-10-25$0
Total income from all sources (including contributions)2016-10-25$26,734,740
Total loss/gain on sale of assets2016-10-25$10,357,663
Total of all expenses incurred2016-10-25$18,203,532
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-10-25$17,975,055
Expenses. Certain deemed distributions of participant loans2016-10-25$37,619
Value of total corrective distributions2016-10-25$3,082
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-10-25$9,825,246
Value of total assets at end of year2016-10-25$221,311,542
Value of total assets at beginning of year2016-10-25$212,780,334
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-10-25$187,776
Total interest from all sources2016-10-25$1,763,299
Total dividends received (eg from common stock, registered investment company shares)2016-10-25$3,081,519
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-10-25No
Total dividends received from registered investment company shares (eg mutual funds)2016-10-25$978,177
Assets. Real estate other than employer real property at end of year2016-10-25$0
Assets. Real estate other than employer real property at beginning of year2016-10-25$0
Was this plan covered by a fidelity bond2016-10-25Yes
Value of fidelity bond cover2016-10-25$10,000,000
If this is an individual account plan, was there a blackout period2016-10-25No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-10-25$0
Were there any nonexempt tranactions with any party-in-interest2016-10-25No
Contributions received from participants2016-10-25$7,689,325
Participant contributions at end of year2016-10-25$7,012,226
Participant contributions at beginning of year2016-10-25$6,554,318
Participant contributions at end of year2016-10-25$372,005
Participant contributions at beginning of year2016-10-25$371,885
Assets. Other investments not covered elsewhere at end of year2016-10-25$385,714
Assets. Other investments not covered elsewhere at beginning of year2016-10-25$163,390
Income. Received or receivable in cash from other sources (including rollovers)2016-10-25$90,027
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2016-10-25$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-10-25$415,747
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-10-25$0
Assets. Loans (other than to participants) at end of year2016-10-25$0
Assets. Loans (other than to participants) at beginning of year2016-10-25$0
Other income not declared elsewhere2016-10-25$20,294
Administrative expenses (other) incurred2016-10-25$248
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-10-25No
Value of net income/loss2016-10-25$8,531,208
Value of net assets at end of year (total assets less liabilities)2016-10-25$221,311,542
Value of net assets at beginning of year (total assets less liabilities)2016-10-25$212,780,334
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-10-25No
Were any loans by the plan or fixed income obligations due to the plan in default2016-10-25No
Were any leases to which the plan was party in default or uncollectible2016-10-25No
Investment advisory and management fees2016-10-25$62,211
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-10-25$16,233,800
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-10-25$19,068,222
Value of interest in pooled separate accounts at end of year2016-10-25$0
Value of interest in pooled separate accounts at beginning of year2016-10-25$0
Interest on participant loans2016-10-25$362,552
Interest earned on other investments2016-10-25$1,395,531
Value of interest in common/collective trusts at end of year2016-10-25$43,919,945
Value of interest in common/collective trusts at beginning of year2016-10-25$43,307,071
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-10-25$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-10-25$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-10-25$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-10-25$5,216
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-10-25$41,732,508
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-10-25$43,841,881
Expenses. Payments to insurance carriers foe the provision of benefits2016-10-25$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-10-25$-729,041
Net investment gain/loss from pooled separate accounts2016-10-25$0
Net investment gain or loss from common/collective trusts2016-10-25$-3,314,546
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-10-25No
Was there a failure to transmit to the plan any participant contributions2016-10-25No
Has the plan failed to provide any benefit when due under the plan2016-10-25No
Assets. Invements in employer securities at end of year2016-10-25$110,712,367
Assets. Invements in employer securities at beginning of year2016-10-25$98,997,826
Contributions received in cash from employer2016-10-25$2,045,894
Employer contributions (assets) at end of year2016-10-25$527,230
Employer contributions (assets) at beginning of year2016-10-25$475,741
Income. Dividends from common stock2016-10-25$2,103,342
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-10-25$17,975,055
Contract administrator fees2016-10-25$125,317
Did the plan have assets held for investment2016-10-25Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-10-25No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-10-25No
Aggregate proceeds on sale of assets2016-10-25$58,699,194
Aggregate carrying amount (costs) on sale of assets2016-10-25$48,341,531
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-10-25No
Opinion of an independent qualified public accountant for this plan2016-10-25Unqualified
Accountancy firm name2016-10-25ERNST & YOUNG LLP
Accountancy firm EIN2016-10-25346565596
2015 : HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-10-25$15,484,628
Total unrealized appreciation/depreciation of assets2015-10-25$15,484,628
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-10-25$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-10-25$0
Total income from all sources (including contributions)2015-10-25$37,801,978
Total loss/gain on sale of assets2015-10-25$10,032,164
Total of all expenses incurred2015-10-25$14,368,890
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-10-25$14,213,545
Expenses. Certain deemed distributions of participant loans2015-10-25$7,010
Value of total corrective distributions2015-10-25$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-10-25$9,057,558
Value of total assets at end of year2015-10-25$212,780,334
Value of total assets at beginning of year2015-10-25$189,347,246
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-10-25$148,335
Total interest from all sources2015-10-25$1,440,119
Total dividends received (eg from common stock, registered investment company shares)2015-10-25$2,457,705
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-10-25No
Total dividends received from registered investment company shares (eg mutual funds)2015-10-25$969,861
Assets. Real estate other than employer real property at end of year2015-10-25$0
Assets. Real estate other than employer real property at beginning of year2015-10-25$0
Was this plan covered by a fidelity bond2015-10-25Yes
Value of fidelity bond cover2015-10-25$10,000,000
If this is an individual account plan, was there a blackout period2015-10-25No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-10-25$0
Were there any nonexempt tranactions with any party-in-interest2015-10-25No
Contributions received from participants2015-10-25$7,164,482
Participant contributions at end of year2015-10-25$6,554,318
Participant contributions at beginning of year2015-10-25$6,456,046
Participant contributions at end of year2015-10-25$371,885
Participant contributions at beginning of year2015-10-25$383,358
Assets. Other investments not covered elsewhere at end of year2015-10-25$163,390
Assets. Other investments not covered elsewhere at beginning of year2015-10-25$106,838
Income. Received or receivable in cash from other sources (including rollovers)2015-10-25$445,462
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2015-10-25$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-10-25$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-10-25$0
Assets. Loans (other than to participants) at end of year2015-10-25$0
Assets. Loans (other than to participants) at beginning of year2015-10-25$0
Other income not declared elsewhere2015-10-25$62,863
Administrative expenses (other) incurred2015-10-25$400
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-10-25No
Value of net income/loss2015-10-25$23,433,088
Value of net assets at end of year (total assets less liabilities)2015-10-25$212,780,334
Value of net assets at beginning of year (total assets less liabilities)2015-10-25$189,347,246
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-10-25No
Were any loans by the plan or fixed income obligations due to the plan in default2015-10-25No
Were any leases to which the plan was party in default or uncollectible2015-10-25No
Investment advisory and management fees2015-10-25$42,712
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-10-25$19,068,222
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-10-25$22,575,057
Value of interest in pooled separate accounts at end of year2015-10-25$0
Value of interest in pooled separate accounts at beginning of year2015-10-25$0
Interest on participant loans2015-10-25$331,483
Interest earned on other investments2015-10-25$1,107,692
Value of interest in common/collective trusts at end of year2015-10-25$43,307,071
Value of interest in common/collective trusts at beginning of year2015-10-25$38,360,722
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-10-25$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-10-25$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-10-25$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-10-25$944
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-10-25$43,841,881
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-10-25$39,274,865
Expenses. Payments to insurance carriers foe the provision of benefits2015-10-25$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-10-25$-941,289
Net investment gain/loss from pooled separate accounts2015-10-25$0
Net investment gain or loss from common/collective trusts2015-10-25$208,230
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-10-25No
Was there a failure to transmit to the plan any participant contributions2015-10-25No
Has the plan failed to provide any benefit when due under the plan2015-10-25No
Assets. Invements in employer securities at end of year2015-10-25$98,997,826
Assets. Invements in employer securities at beginning of year2015-10-25$81,726,565
Contributions received in cash from employer2015-10-25$1,447,614
Employer contributions (assets) at end of year2015-10-25$475,741
Employer contributions (assets) at beginning of year2015-10-25$463,795
Income. Dividends from common stock2015-10-25$1,487,844
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-10-25$14,213,545
Contract administrator fees2015-10-25$105,223
Did the plan have assets held for investment2015-10-25Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-10-25No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-10-25No
Aggregate proceeds on sale of assets2015-10-25$36,829,044
Aggregate carrying amount (costs) on sale of assets2015-10-25$26,796,880
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-10-25No
Opinion of an independent qualified public accountant for this plan2015-10-25Unqualified
Accountancy firm name2015-10-25ERNST & YOUNG LLP
Accountancy firm EIN2015-10-25346565596
2014 : HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-10-26$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-10-26$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-10-26$0
Total income from all sources (including contributions)2014-10-26$28,270,665
Total loss/gain on sale of assets2014-10-26$0
Total of all expenses incurred2014-10-26$11,987,621
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-10-26$11,883,134
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-10-26$7,901,293
Value of total assets at end of year2014-10-26$189,347,246
Value of total assets at beginning of year2014-10-26$173,064,202
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-10-26$104,487
Total interest from all sources2014-10-26$2,738,948
Total dividends received (eg from common stock, registered investment company shares)2014-10-26$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-10-26No
Assets. Real estate other than employer real property at end of year2014-10-26$0
Assets. Real estate other than employer real property at beginning of year2014-10-26$0
Was this plan covered by a fidelity bond2014-10-26Yes
Value of fidelity bond cover2014-10-26$10,000,000
If this is an individual account plan, was there a blackout period2014-10-26No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-10-26$0
Were there any nonexempt tranactions with any party-in-interest2014-10-26No
Contributions received from participants2014-10-26$6,464,228
Participant contributions at end of year2014-10-26$6,456,046
Participant contributions at beginning of year2014-10-26$5,910,403
Participant contributions at end of year2014-10-26$383,358
Participant contributions at beginning of year2014-10-26$384,195
Assets. Other investments not covered elsewhere at end of year2014-10-26$106,838
Assets. Other investments not covered elsewhere at beginning of year2014-10-26$99,111
Income. Received or receivable in cash from other sources (including rollovers)2014-10-26$99,660
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-10-26$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-10-26$0
Assets. Loans (other than to participants) at end of year2014-10-26$0
Assets. Loans (other than to participants) at beginning of year2014-10-26$0
Other income not declared elsewhere2014-10-26$13,902,859
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-10-26No
Value of net income/loss2014-10-26$16,283,044
Value of net assets at end of year (total assets less liabilities)2014-10-26$189,347,246
Value of net assets at beginning of year (total assets less liabilities)2014-10-26$173,064,202
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-10-26No
Were any loans by the plan or fixed income obligations due to the plan in default2014-10-26No
Were any leases to which the plan was party in default or uncollectible2014-10-26No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-10-26$22,575,057
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-10-26$57,491,051
Value of interest in pooled separate accounts at end of year2014-10-26$0
Value of interest in pooled separate accounts at beginning of year2014-10-26$0
Interest on participant loans2014-10-26$319,130
Interest earned on other investments2014-10-26$2,419,818
Value of interest in common/collective trusts at end of year2014-10-26$38,360,722
Value of interest in common/collective trusts at beginning of year2014-10-26$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-10-26$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-10-26$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-10-26$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-10-26$39,274,865
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-10-26$39,676,483
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-10-26$1,714,123
Net investment gain or loss from common/collective trusts2014-10-26$2,013,442
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-10-26No
Was there a failure to transmit to the plan any participant contributions2014-10-26No
Has the plan failed to provide any benefit when due under the plan2014-10-26No
Assets. Invements in employer securities at end of year2014-10-26$81,726,565
Assets. Invements in employer securities at beginning of year2014-10-26$69,063,944
Contributions received in cash from employer2014-10-26$1,337,405
Employer contributions (assets) at end of year2014-10-26$463,795
Employer contributions (assets) at beginning of year2014-10-26$439,015
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-10-26$11,883,134
Contract administrator fees2014-10-26$104,487
Did the plan have assets held for investment2014-10-26Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-10-26No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-10-26No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-10-26No
Opinion of an independent qualified public accountant for this plan2014-10-26Unqualified
Accountancy firm name2014-10-26ERNST & YOUNG LLP
Accountancy firm EIN2014-10-26346565596
2013 : HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-10-27$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-10-27$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-10-27$0
Total income from all sources (including contributions)2013-10-27$42,894,872
Total loss/gain on sale of assets2013-10-27$0
Total of all expenses incurred2013-10-27$11,723,171
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-10-27$11,558,940
Expenses. Certain deemed distributions of participant loans2013-10-27$33,586
Value of total corrective distributions2013-10-27$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-10-27$7,816,001
Value of total assets at end of year2013-10-27$173,064,202
Value of total assets at beginning of year2013-10-27$141,892,501
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-10-27$130,645
Total interest from all sources2013-10-27$1,780,561
Total dividends received (eg from common stock, registered investment company shares)2013-10-27$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-10-27No
Assets. Real estate other than employer real property at end of year2013-10-27$0
Assets. Real estate other than employer real property at beginning of year2013-10-27$0
Was this plan covered by a fidelity bond2013-10-27Yes
Value of fidelity bond cover2013-10-27$10,000,000
If this is an individual account plan, was there a blackout period2013-10-27No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-10-27$0
Were there any nonexempt tranactions with any party-in-interest2013-10-27No
Contributions received from participants2013-10-27$6,194,263
Participant contributions at end of year2013-10-27$5,910,403
Participant contributions at beginning of year2013-10-27$5,350,168
Participant contributions at end of year2013-10-27$384,195
Participant contributions at beginning of year2013-10-27$392,367
Assets. Other investments not covered elsewhere at end of year2013-10-27$99,111
Income. Received or receivable in cash from other sources (including rollovers)2013-10-27$390,515
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2013-10-27$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-10-27$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-10-27$0
Assets. Loans (other than to participants) at end of year2013-10-27$0
Assets. Loans (other than to participants) at beginning of year2013-10-27$0
Other income not declared elsewhere2013-10-27$23,714,385
Administrative expenses (other) incurred2013-10-27$130,645
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-10-27No
Value of net income/loss2013-10-27$31,171,701
Value of net assets at end of year (total assets less liabilities)2013-10-27$173,064,202
Value of net assets at beginning of year (total assets less liabilities)2013-10-27$141,892,501
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-10-27No
Were any loans by the plan or fixed income obligations due to the plan in default2013-10-27No
Were any leases to which the plan was party in default or uncollectible2013-10-27No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-10-27$57,491,051
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-10-27$11,921,123
Value of interest in pooled separate accounts at end of year2013-10-27$0
Value of interest in pooled separate accounts at beginning of year2013-10-27$34,779,608
Interest on participant loans2013-10-27$288,982
Interest earned on other investments2013-10-27$1,491,579
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-10-27$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-10-27$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-10-27$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2013-10-27$39,676,483
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2013-10-27$38,103,721
Expenses. Payments to insurance carriers foe the provision of benefits2013-10-27$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-10-27$3,910,636
Net investment gain/loss from pooled separate accounts2013-10-27$4,458,741
Net investment gain or loss from common/collective trusts2013-10-27$1,214,548
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-10-27Yes
Was there a failure to transmit to the plan any participant contributions2013-10-27No
Has the plan failed to provide any benefit when due under the plan2013-10-27No
Assets. Invements in employer securities at end of year2013-10-27$69,063,944
Assets. Invements in employer securities at beginning of year2013-10-27$50,924,377
Contributions received in cash from employer2013-10-27$1,231,223
Employer contributions (assets) at end of year2013-10-27$439,015
Employer contributions (assets) at beginning of year2013-10-27$421,137
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-10-27$11,558,940
Did the plan have assets held for investment2013-10-27Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-10-27No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-10-27No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-10-27No
Opinion of an independent qualified public accountant for this plan2013-10-27Unqualified
Accountancy firm name2013-10-27ERNST & YOUNG LLP
Accountancy firm EIN2013-10-27346565596
2012 : HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-10-28$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-10-28$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-10-28$0
Total income from all sources (including contributions)2012-10-28$11,457,901
Total loss/gain on sale of assets2012-10-28$0
Total of all expenses incurred2012-10-28$5,469,881
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-10-28$5,305,094
Expenses. Certain deemed distributions of participant loans2012-10-28$34,566
Value of total corrective distributions2012-10-28$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-10-28$6,774,709
Value of total assets at end of year2012-10-28$141,892,501
Value of total assets at beginning of year2012-10-28$135,904,481
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-10-28$130,221
Total interest from all sources2012-10-28$1,480,666
Total dividends received (eg from common stock, registered investment company shares)2012-10-28$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-10-28No
Assets. Real estate other than employer real property at end of year2012-10-28$0
Assets. Real estate other than employer real property at beginning of year2012-10-28$0
Was this plan covered by a fidelity bond2012-10-28Yes
Value of fidelity bond cover2012-10-28$10,000,000
If this is an individual account plan, was there a blackout period2012-10-28No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-10-28$0
Were there any nonexempt tranactions with any party-in-interest2012-10-28No
Contributions received from participants2012-10-28$5,679,326
Participant contributions at end of year2012-10-28$5,350,168
Participant contributions at beginning of year2012-10-28$5,492,473
Participant contributions at end of year2012-10-28$392,367
Participant contributions at beginning of year2012-10-28$388,788
Income. Received or receivable in cash from other sources (including rollovers)2012-10-28$99,848
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-10-28$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-10-28$0
Assets. Loans (other than to participants) at end of year2012-10-28$0
Assets. Loans (other than to participants) at beginning of year2012-10-28$0
Other income not declared elsewhere2012-10-28$-15,546
Administrative expenses (other) incurred2012-10-28$130,221
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-10-28No
Value of net income/loss2012-10-28$5,988,020
Value of net assets at end of year (total assets less liabilities)2012-10-28$141,892,501
Value of net assets at beginning of year (total assets less liabilities)2012-10-28$135,904,481
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-10-28No
Were any loans by the plan or fixed income obligations due to the plan in default2012-10-28No
Were any leases to which the plan was party in default or uncollectible2012-10-28No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-10-28$11,921,123
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-10-28$10,901,040
Value of interest in pooled separate accounts at end of year2012-10-28$34,779,608
Value of interest in pooled separate accounts at beginning of year2012-10-28$29,969,401
Interest on participant loans2012-10-28$279,596
Interest earned on other investments2012-10-28$1,201,070
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-10-28$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-10-28$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-10-28$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-10-28$38,103,721
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-10-28$36,492,792
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-10-28$618,948
Net investment gain/loss from pooled separate accounts2012-10-28$2,599,124
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-10-28No
Was there a failure to transmit to the plan any participant contributions2012-10-28No
Has the plan failed to provide any benefit when due under the plan2012-10-28No
Assets. Invements in employer securities at end of year2012-10-28$50,924,377
Assets. Invements in employer securities at beginning of year2012-10-28$52,269,321
Contributions received in cash from employer2012-10-28$995,535
Employer contributions (assets) at end of year2012-10-28$421,137
Employer contributions (assets) at beginning of year2012-10-28$390,666
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-10-28$5,305,094
Did the plan have assets held for investment2012-10-28Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-10-28No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-10-28No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-10-28No
Opinion of an independent qualified public accountant for this plan2012-10-28Unqualified
Accountancy firm name2012-10-28ERNST & YOUNG LLP
Accountancy firm EIN2012-10-28346565596
2011 : HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-10-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-10-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-10-30$0
Total income from all sources (including contributions)2011-10-30$23,167,053
Total loss/gain on sale of assets2011-10-30$0
Total of all expenses incurred2011-10-30$6,106,540
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-10-30$5,992,183
Expenses. Certain deemed distributions of participant loans2011-10-30$3,222
Value of total corrective distributions2011-10-30$4,051
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-10-30$6,588,032
Value of total assets at end of year2011-10-30$135,904,481
Value of total assets at beginning of year2011-10-30$118,843,968
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-10-30$107,084
Total interest from all sources2011-10-30$1,505,242
Total dividends received (eg from common stock, registered investment company shares)2011-10-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-10-30No
Assets. Real estate other than employer real property at end of year2011-10-30$0
Assets. Real estate other than employer real property at beginning of year2011-10-30$0
Was this plan covered by a fidelity bond2011-10-30Yes
Value of fidelity bond cover2011-10-30$10,000,000
If this is an individual account plan, was there a blackout period2011-10-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-10-30$0
Were there any nonexempt tranactions with any party-in-interest2011-10-30No
Contributions received from participants2011-10-30$5,494,914
Participant contributions at end of year2011-10-30$5,492,473
Participant contributions at beginning of year2011-10-30$5,051,795
Participant contributions at end of year2011-10-30$388,788
Participant contributions at beginning of year2011-10-30$391,412
Income. Received or receivable in cash from other sources (including rollovers)2011-10-30$284,297
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-10-30$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-10-30$0
Assets. Loans (other than to participants) at end of year2011-10-30$0
Assets. Loans (other than to participants) at beginning of year2011-10-30$0
Other income not declared elsewhere2011-10-30$12,844,732
Administrative expenses (other) incurred2011-10-30$107,084
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-10-30No
Value of net income/loss2011-10-30$17,060,513
Value of net assets at end of year (total assets less liabilities)2011-10-30$135,904,481
Value of net assets at beginning of year (total assets less liabilities)2011-10-30$118,843,968
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-10-30No
Were any loans by the plan or fixed income obligations due to the plan in default2011-10-30No
Were any leases to which the plan was party in default or uncollectible2011-10-30No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-10-30$10,901,040
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-10-30$11,353,867
Value of interest in pooled separate accounts at end of year2011-10-30$29,969,401
Value of interest in pooled separate accounts at beginning of year2011-10-30$30,316,749
Interest on participant loans2011-10-30$292,765
Interest earned on other investments2011-10-30$1,212,477
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-10-30$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-10-30$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-10-30$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-10-30$36,492,792
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-10-30$32,142,908
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-10-30$420,469
Net investment gain/loss from pooled separate accounts2011-10-30$1,808,578
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-10-30No
Was there a failure to transmit to the plan any participant contributions2011-10-30No
Has the plan failed to provide any benefit when due under the plan2011-10-30No
Assets. Invements in employer securities at end of year2011-10-30$52,269,321
Assets. Invements in employer securities at beginning of year2011-10-30$39,183,631
Contributions received in cash from employer2011-10-30$808,821
Employer contributions (assets) at end of year2011-10-30$390,666
Employer contributions (assets) at beginning of year2011-10-30$403,606
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-10-30$5,992,183
Did the plan have assets held for investment2011-10-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-10-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-10-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-10-30No
Opinion of an independent qualified public accountant for this plan2011-10-30Unqualified
Accountancy firm name2011-10-30ERNST & YOUNG LLP
Accountancy firm EIN2011-10-30346565596
2010 : HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-10-31$0

Form 5500 Responses for HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B

2023: HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2022 form 5500 responses
2022-10-31Type of plan entitySingle employer plan
2022-10-31Submission has been amendedNo
2022-10-31This submission is the final filingNo
2022-10-31This return/report is a short plan year return/report (less than 12 months)Yes
2022-10-31Plan is a collectively bargained planYes
2022-10-31Plan funding arrangement – InsuranceYes
2022-10-31Plan funding arrangement – TrustYes
2022-10-31Plan benefit arrangement – InsuranceYes
2022-10-31Plan benefit arrangement - TrustYes
2021: HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2021 form 5500 responses
2021-11-01Type of plan entitySingle employer plan
2021-11-01Submission has been amendedNo
2021-11-01This submission is the final filingNo
2021-11-01This return/report is a short plan year return/report (less than 12 months)Yes
2021-11-01Plan is a collectively bargained planYes
2021-11-01Plan funding arrangement – InsuranceYes
2021-11-01Plan funding arrangement – TrustYes
2021-11-01Plan benefit arrangement – InsuranceYes
2021-11-01Plan benefit arrangement - TrustYes
2020: HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2020 form 5500 responses
2020-10-26Type of plan entitySingle employer plan
2020-10-26Submission has been amendedNo
2020-10-26This submission is the final filingNo
2020-10-26This return/report is a short plan year return/report (less than 12 months)No
2020-10-26Plan is a collectively bargained planYes
2020-10-26Plan funding arrangement – InsuranceYes
2020-10-26Plan funding arrangement – TrustYes
2020-10-26Plan benefit arrangement – InsuranceYes
2020-10-26Plan benefit arrangement - TrustYes
2019: HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2019 form 5500 responses
2019-10-28Type of plan entitySingle employer plan
2019-10-28Submission has been amendedNo
2019-10-28This submission is the final filingNo
2019-10-28This return/report is a short plan year return/report (less than 12 months)Yes
2019-10-28Plan is a collectively bargained planYes
2019-10-28Plan funding arrangement – InsuranceYes
2019-10-28Plan funding arrangement – TrustYes
2019-10-28Plan benefit arrangement – InsuranceYes
2019-10-28Plan benefit arrangement - TrustYes
2018: HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2018 form 5500 responses
2018-10-29Type of plan entitySingle employer plan
2018-10-29Submission has been amendedYes
2018-10-29This submission is the final filingNo
2018-10-29This return/report is a short plan year return/report (less than 12 months)Yes
2018-10-29Plan is a collectively bargained planYes
2018-10-29Plan funding arrangement – InsuranceYes
2018-10-29Plan funding arrangement – TrustYes
2018-10-29Plan benefit arrangement – InsuranceYes
2018-10-29Plan benefit arrangement - TrustYes
2017: HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2017 form 5500 responses
2017-10-30Type of plan entitySingle employer plan
2017-10-30Submission has been amendedNo
2017-10-30This submission is the final filingNo
2017-10-30This return/report is a short plan year return/report (less than 12 months)Yes
2017-10-30Plan is a collectively bargained planYes
2017-10-30Plan funding arrangement – InsuranceYes
2017-10-30Plan funding arrangement – TrustYes
2017-10-30Plan benefit arrangement – InsuranceYes
2017-10-30Plan benefit arrangement - TrustYes
2016: HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2016 form 5500 responses
2016-10-31Type of plan entitySingle employer plan
2016-10-31Submission has been amendedNo
2016-10-31This submission is the final filingNo
2016-10-31This return/report is a short plan year return/report (less than 12 months)Yes
2016-10-31Plan is a collectively bargained planYes
2016-10-31Plan funding arrangement – InsuranceYes
2016-10-31Plan funding arrangement – TrustYes
2016-10-31Plan benefit arrangement – InsuranceYes
2016-10-31Plan benefit arrangement - TrustYes
2015: HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2015 form 5500 responses
2015-10-26Type of plan entitySingle employer plan
2015-10-26Submission has been amendedNo
2015-10-26This submission is the final filingNo
2015-10-26This return/report is a short plan year return/report (less than 12 months)No
2015-10-26Plan is a collectively bargained planYes
2015-10-26Plan funding arrangement – InsuranceYes
2015-10-26Plan funding arrangement – TrustYes
2015-10-26Plan benefit arrangement – InsuranceYes
2015-10-26Plan benefit arrangement - TrustYes
2014: HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2014 form 5500 responses
2014-10-27Type of plan entitySingle employer plan
2014-10-27Submission has been amendedNo
2014-10-27This submission is the final filingNo
2014-10-27This return/report is a short plan year return/report (less than 12 months)Yes
2014-10-27Plan is a collectively bargained planYes
2014-10-27Plan funding arrangement – InsuranceYes
2014-10-27Plan funding arrangement – TrustYes
2014-10-27Plan benefit arrangement – InsuranceYes
2014-10-27Plan benefit arrangement - TrustYes
2013: HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2013 form 5500 responses
2013-10-28Type of plan entitySingle employer plan
2013-10-28Submission has been amendedNo
2013-10-28This submission is the final filingNo
2013-10-28This return/report is a short plan year return/report (less than 12 months)Yes
2013-10-28Plan is a collectively bargained planYes
2013-10-28Plan funding arrangement – InsuranceYes
2013-10-28Plan funding arrangement – TrustYes
2013-10-28Plan benefit arrangement – InsuranceYes
2013-10-28Plan benefit arrangement - TrustYes
2012: HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2012 form 5500 responses
2012-10-29Type of plan entitySingle employer plan
2012-10-29Submission has been amendedNo
2012-10-29This submission is the final filingNo
2012-10-29This return/report is a short plan year return/report (less than 12 months)Yes
2012-10-29Plan is a collectively bargained planYes
2012-10-29Plan funding arrangement – InsuranceYes
2012-10-29Plan funding arrangement – TrustYes
2012-10-29Plan benefit arrangement – InsuranceYes
2012-10-29Plan benefit arrangement - TrustYes
2011: HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2011 form 5500 responses
2011-10-31Type of plan entitySingle employer plan
2011-10-31Submission has been amendedNo
2011-10-31This submission is the final filingNo
2011-10-31This return/report is a short plan year return/report (less than 12 months)Yes
2011-10-31Plan is a collectively bargained planYes
2011-10-31Plan funding arrangement – InsuranceYes
2011-10-31Plan funding arrangement – TrustYes
2011-10-31Plan benefit arrangement – InsuranceYes
2011-10-31Plan benefit arrangement - TrustYes
2010: HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2010 form 5500 responses
2010-11-01Type of plan entitySingle employer plan
2010-11-01Submission has been amendedNo
2010-11-01This submission is the final filingNo
2010-11-01This return/report is a short plan year return/report (less than 12 months)Yes
2010-11-01Plan is a collectively bargained planYes
2010-11-01Plan funding arrangement – InsuranceYes
2010-11-01Plan funding arrangement – TrustYes
2010-11-01Plan benefit arrangement – InsuranceYes
2010-11-01Plan benefit arrangement - TrustYes
2009: HORMEL FOODS CORPORATION TAX DEFERRED INVESTMENT PLAN B 2009 form 5500 responses
2009-10-26Type of plan entitySingle employer plan
2009-10-26Submission has been amendedNo
2009-10-26This submission is the final filingNo
2009-10-26This return/report is a short plan year return/report (less than 12 months)No
2009-10-26Plan is a collectively bargained planYes
2009-10-26Plan funding arrangement – InsuranceYes
2009-10-26Plan funding arrangement – TrustYes
2009-10-26Plan benefit arrangement – InsuranceYes
2009-10-26Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract number766505-03
Policy instance 1
Insurance contract or identification number766505-03
Number of Individuals Covered804
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract number766505-03
Policy instance 1
Insurance contract or identification number766505-03
Number of Individuals Covered810
Insurance policy start date2022-10-31
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract number766505-03
Policy instance 1
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberSF 51000
Policy instance 1
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberSF 51000
Policy instance 1
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberSF 51000
Policy instance 1
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberSF 51000
Policy instance 1

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