SMITHFIELD FOODS, INC. 401(K) PLAN
Plan Contact
- Address: 200 COMMERCE ST,SMITHFIELD,VA
- Contact person: MEGAN GERRY
- Phone: (866) 551-9423
Plan General Information
SMITHFIELD FOODS, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2013, the total retirement plan assets of SMITHFIELD FOODS, INC. 401(K) PLAN is $321,028,876.00.This plan was established in 1992.
SMITHFIELD FOODS, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2013, the total number of retirement plan participants in SMITHFIELD FOODS, INC. 401(K) PLAN is 16766
SMITHFIELD FOODS, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2013, the average participant retirement account value for SMITHFIELD FOODS, INC. 401(K) PLAN is $19,147.00
SMITHFIELD FOODS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2013, the estimated average employee contribution amount per participant for SMITHFIELD FOODS, INC. 401(K) PLAN is $2,587.00.
SMITHFIELD FOODS, INC. 401(K) PLAN Estimated Average Employer Match
In 2013, the estimated average employer match for an employee in SMITHFIELD FOODS, INC. 401(K) PLAN is approximately $429.00
Investing in this additonal $429.00 for 20 years would give you extra $27,510.00, assuming a 10% annual return.
Investing in this additonal $429.00 for 20 years would give you extra $27,510.00, assuming a 10% annual return.
SMITHFIELD FOODS, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2013, SMITHFIELD FOODS, INC. 401(K) PLAN allocates $7,206,873.00 to match its employees' contributions, providing an employer match rate of 33.23% of their contributions
SMITHFIELD FOODS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2013, the total retirement plan asset growth rate of SMITHFIELD FOODS, INC. 401(K) PLAN is 16.27%.
SMITHFIELD FOODS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2013, the estimated aggregate retirement account investment gain/loss for SMITHFIELD FOODS, INC. 401(K) PLAN is 21.81%. This measures the effectiveness of the plan participants' investments in the year.
SMITHFIELD FOODS, INC. 401(K) PLAN Expense Ratio
In 2013, the investment and administrative expense ratio of SMITHFIELD FOODS, INC. 401(K) PLAN is 0.20%.
Enrollment Features
SMITHFIELD FOODS, INC. 401(K) PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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