Start
What are my 2027 benefit features?
Your health-plan contributions and coverage for 2027.
Choose an option to see the matching information.
Parent company
Employee weekly contribution for health care coverage
| Annual salary / coverage | Healthy Savings Plan | Traditional Plan | Dental and Vision Program |
|---|---|---|---|
| Less than $75,000 · Employee only | $24 | $44 | $8 |
| Less than $75,000 · Employee + children | $33 | $70 | $10 |
| Less than $75,000 · Family | $53 | $120 | $12 |
| $75,000–$149,999 · Employee only | $32 | $50 | $9 |
| $75,000–$149,999 · Employee + children | $47 | $79 | $11 |
| $75,000–$149,999 · Family | $78 | $139 | $13 |
| $150,000 and above · Employee only | $38 | $57 | $10 |
| $150,000 and above · Employee + children | $58 | $91 | $12 |
| $150,000 and above · Family | $96 | $153 | $14 |
Medical plan comparison — BCBS PPO Network
| Benefit | Healthy Savings Plan | Traditional Plan | ||
|---|---|---|---|---|
| In-network | Out-of-network | In-network | Out-of-network | |
| Annual deductible — Employee only | $2,500 | $850 | ||
| Annual deductible — Family | $5,000 | $1,700 | ||
| Annual medical out-of-pocket maximum — Employee only | $5,000 | $7,600 | $4,000 | $7,500 |
| Annual medical out-of-pocket maximum — Family | $7,900 per person or $10,000 per family | $7,900 per person or $15,200 per family | $8,000 | $15,000 |
| Prescription drug out-of-pocket maximum — Employee only | Included in Medical OOP | $2,500 | ||
| Prescription drug out-of-pocket maximum — Family | Included in Medical OOP | $5,000 | ||
| Preventive care and certain preventive prescription drugs (no deductible) | 0% | 35% | 0% | 35% |
| Most non-preventive services — after deductible, you pay | 20% | 35% | 20% | 35% |
| Emergency room | After $300 co-pay & deductible, you pay 20% | After $300 co-pay & deductible, you pay 20% | ||
| Generic prescriptions | 20% | 10% of cost ($5 min.) | ||
| Brand-name prescriptions | 20% | 20% of cost ($5 min.) | ||
| Excluded from Preferred Products List | 20% | 35% of cost | ||
Family deductibles and OOP maximums include employee and dependents. (Deductible and OOP maximums include medical and prescription drug expenses)
Healthy Savings prescription drug percentages apply after the deductible.
Dental plan coverage
| Benefit | Delta Dental PPO | Delta Dental Premier | Out-of-network |
|---|---|---|---|
| Individual Deductible/ Family Deductible | $50/ $150 | $50/ $150 | $50/ $150 |
| Plan Annual Maximum Payment (per covered person) | $3,000 | $3,000 | $3,000 |
| Diagnostic and Preventive | 0% | 0% | 0% |
| Restorative Care | 20%* | 20%* | 20%* |
| Temporomandibular Joint (TMJ) Disorder | $1,500 | $1,500 | $1,500 |
| Orthodontia | 50% up to $3,000 | 50% up to $2,500 | 50% up to $2,500 |
*After deductible
Vision plan coverage
| Service / frequency | In-network | Out-of-network |
|---|---|---|
| One exam every calendar year | $10 co-pay | Reimbursed up to $60 after $10 co-pay |
| One pair lenses every calendar year | $20 co-pay | After $20 Co-Pay - Reimbursed up to: $60 Single Vision; $89 Bifocal; $100 Trifocal; $160 Lenticular |
| One frame every 24 months | Covered up to $150 | Reimbursed up to $70 |
| Elective contact lenses every calendar year | $0 co-pay with exam; Covered up to $150 | Reimbursed up to $105 |
| Laser vision correction | Allowance of $200 per eye | Reimbursed up to $200 per eye lifetime maximum |
Flexible Spending Accounts
| Account | Contribution |
|---|---|
| Health Care FSA | Health Care FSA (FSA) for eligible medical, dental, vision and prescription drug expenses: may elect $52 to $3,400 per year |
| Limited Purpose FSA | Limited Purpose FSA (LPFSA) for eligible dental and vision expenses: may elect $52 to $3,400 per year |
Remember: You must elect a medical FSA/LPFSA in 2027 to rollover any unused funds. The rollover limit is $680.
Health Savings Account
| Coverage | Optional pre-tax contribution |
|---|---|
| Single | Single $0 to $4,500 |
| Family | Family $0 to $9,000 |
| Age 55 or older | Add'l $1,000 if age 55 |
Subsidiary
Employee weekly contribution for health care coverage
| Coverage | Healthy Savings Plan | Traditional Plan | Dental and Vision Program |
|---|---|---|---|
| Employee only | $24 | $34 | $8 |
| Employee + children | $33 | $53 | $10 |
| Family | $53 | $90 | $12 |
Medical plan comparison — BCBS PPO Network
| Benefit | Healthy Savings Plan | Traditional Plan | ||
|---|---|---|---|---|
| In-network | Out-of-network | In-network | Out-of-network | |
| Annual deductible — Employee only | $2,500 | $850 | ||
| Annual deductible — Family | $5,000 | $1,700 | ||
| Annual medical out-of-pocket maximum — Employee only | $5,000 | $7,600 | $4,000 | $7,500 |
| Annual medical out-of-pocket maximum — Family | $7,900 per person or $10,000 per family | $7,900 per person or $15,200 per family | $8,000 | $15,000 |
| Prescription drug out-of-pocket maximum — Employee only | Included in Medical OOP | $2,500 | ||
| Prescription drug out-of-pocket maximum — Family | Included in Medical OOP | $5,000 | ||
| Preventive care and certain preventive prescription drugs (no deductible) | 0% | 35% | 0% | 35% |
| Most non-preventive services — after deductible, you pay | 20% | 35% | 20% | 35% |
| Emergency room | After $300 co-pay & deductible, you pay 20% | After $300 co-pay & deductible, you pay 20% | ||
| Generic prescriptions | 20% | 10% of cost ($5 min.) | ||
| Brand-name prescriptions | 20% | 20% of cost ($5 min.) | ||
| Excluded from Preferred Products List | 20% | 35% of cost | ||
Family deductibles and OOP maximums include employee and dependents. (Deductible and OOP maximums include medical and prescription drug expenses)
Healthy Savings prescription drug percentages apply after the deductible.
Dental plan coverage
| Benefit | Delta Dental PPO | Delta Dental Premier | Out-of-network |
|---|---|---|---|
| Individual Deductible/ Family Deductible | $50/ $150 | $50/ $150 | $50/ $150 |
| Plan Annual Maximum Payment (per covered person) | $3,000 | $3,000 | $3,000 |
| Diagnostic and Preventive | 0% | 0% | 0% |
| Restorative Care | 20%* | 20%* | 20%* |
| Temporomandibular Joint (TMJ) Disorder | $1,500 | $1,500 | $1,500 |
| Orthodontia | 50% up to $3,000 | 50% up to $2,500 | 50% up to $2,500 |
*After deductible
Vision plan coverage
| Service / frequency | In-network | Out-of-network |
|---|---|---|
| One exam every calendar year | $10 co-pay | Reimbursed up to $60 after $10 co-pay |
| One pair lenses every calendar year | $20 co-pay | After $20 Co-Pay - Reimbursed up to: $60 Single Vision; $89 Bifocal; $100 Trifocal; $160 Lenticular |
| One frame every 24 months | Covered up to $150 | Reimbursed up to $70 |
| Elective contact lenses every calendar year | $0 co-pay with exam; Covered up to $150 | Reimbursed up to $105 |
| Laser vision correction | Allowance of $200 per eye | Reimbursed up to $200 per eye lifetime maximum |
Flexible Spending Accounts
| Account | Contribution |
|---|---|
| Health Care FSA | Health Care FSA (FSA) for eligible medical, dental, vision and prescription drug expenses: may elect $52 to $3,400 per year |
| Limited Purpose FSA | Limited Purpose FSA (LPFSA) for eligible dental and vision expenses: may elect $52 to $3,400 per year |
Remember: You must elect a medical FSA/LPFSA in 2027 to rollover any unused funds. The rollover limit is $680.
Health Savings Account
| Coverage | Optional pre-tax contribution |
|---|---|
| Single | Single $0 to 4,500 |
| Family | Family $0 to $9,000 |
| Age 55 or older | Add'l $1,000 if age 55 |
Life insurance
Sign in to see the plan information assigned to your employee profile.
| Feature | Details |
|---|---|
| Employee life — company paid | 1x annual salary up to $50,000 |
| Employee AD&D — company paid | 1x annual salary up to $50,000 |
| Child life — company paid | $2,000 (Age 14 days to 26 years) |
| Employee life — optional | Coverage can be elected at ½ to 8 times annual salary |
| Employee life — optional maximum | Max. $1,000,000 |
| Spouse life — optional | $10,000 - $100,000 |
| Spouse life — coverage increments | Offered in $5,000 or $10,000 increments |
| Child life — optional | $5,000, $10,000, or $20,000 |
| Child life — eligible ages | Age 14 days to 26 years old |
| Employee AD&D — optional | Coverage can be elected at 1 to 10 times annual salary |
| Employee AD&D — optional maximum | Coverage amount is adjusted annually based on your annual salary: max. $500,000 |
| Survivor benefit — spouse or children | 30% of your monthly earnings up to $1,500 max. monthly benefit |
| Survivor benefit — spouse and children | 45% of your monthly earnings up to $2,250 max. monthly benefit |
See life insurance details for eligibility and optional coverage requirements, including Statement of Health and enrollment rules.
Voluntary benefits
Sign in to see the plan information assigned to your employee profile.
| Benefit | Provider | Contact | Group number / code |
|---|---|---|---|
| Critical Illness | Voya | (877) 236-7564 · claimscenter.voya.com | 737640 |
| Accident & Injury | Voya | (877) 236-7564 · claimscenter.voya.com | 737640 |
| Legal Services | MetLife Legal Plans | (800) 821-6400 · members.legalplans.com | 9900372 |
| Pet Insurance | Nationwide | (877) 738-7874 · petinsurance.com/hormelfoods | Not listed |
| Hospital Indemnity | Voya | (877) 236-7564 · claimscenter.voya.com | 737640 |
Group numbers and codes are from the retained contact table; confirm them when contacting the provider.
Inspired Pathways Scholarship Program
Hormel Foods will provide two-year community or technical college tuition to the dependent children of all benefits eligible U.S. team members.
Retirement
Sign in to see the plan information assigned to your employee profile.
401(k) plan
| Feature | Details |
|---|---|
| Enrollment | Eligible Employees are immediately able to participate in the Plan and will be automatically enrolled after 30 days if you do not make an election or opt-out of the plan. You may make your election or opt-out of the Plan by contacting Empower at 844-465-4455, by visiting the empowermyretirement.com website, or by downloading the Empower Application to your phone. |
| Default Contribution | Unless you elect otherwise, you are automatically enrolled at the rate of 5% of your pay (before tax) each pay period, automatically increasing by 1% each year up to 15% (on the anniversary of your enrollment date). If you are defaulted into the plan and did not actively make an election, you are automatically invested in the target date fund appropriate for your retirement age. |
| Matching | The company matches 100% of your contributions up to 3% and 50% of the next 2% you contribute. That's a 4% matching contribution if you contribute at least 5% of your pay. |
| Vesting | Your contributions, as well as the company's matching contributions, are always 100% vested in the plan. |
| Contribution Options | You have the flexibility to designate all or part of your elective deferrals as Roth contributions, which are made with after-tax dollars. |
Confirm the current annual contribution limits before making your election.
401(k) plan
| Feature | Details |
|---|---|
| Enrollment | Eligible full-time employees may enroll in the plan on the first day of the month after you complete 12 consecutive months of service consisting of at least 1,000 hours of recognized employment. If you are part-time, you may elect to enroll in the plan if you have 3 consecutive years of 500 hours of service each year, except you will not be entitled to any employer contributions. You may enroll in the Plan by contacting Empower at 844-465-4455. |
| Default Contribution | Once you enroll in the Plan, you are allowed to contribute at least 1% of your pay (before tax) each pay period. |
| Matching | The company matches 50% of your contributions up to $300. After 5 continuous years of service, the Company matches 50% of your contributions up to $500. |
| Vesting | Your contributions are always 100% vested in the plan. You become 100% vested in the company's contributions after 3 years, or upon death, disability or normal retirement. |
| Contribution Options | You have flexibility to designate all or part of your elective referrals as Roth contributions, which are made with after-tax dollars. |
Confirm the current annual contribution limits before making your election.
401(k) plan
| Feature | Details |
|---|---|
| Enrollment | Eligible employees are immediately able to participate in the Plan and will be automatically enrolled. You may elect to opt-out of the Plan by contacting Empower at 844-465-4455. |
| Default Contribution | Unless you elect otherwise, you will be automatically enrolled at an employee contribution rate of 2% of your pay (before tax) each pay period, which will be contributed to your account. Your payroll deduction will automatically increase by 1% each year, upon the anniversary of your hire date, up to a maximum of 15%. You may change the amount of your contribution by contacting Empower at 844-465-4455, logging in to your account through the mobile app, or at empowermyretirement.com. |
| Matching | The company matches 50% of your contributions up to 6%. That's a 3% matching contribution if you contribute at least 6% of your pay. Additionally, the company currently provides a contribution of $0.20 per hour to all eligible employees, whether or not you make a contribution. |
| Vesting | Your contributions are always 100% vested in the plan. You become 100% vested in the company contributions after 5 years (20% each year starting with your hire date), or upon death, disability or normal retirement. |
| Contribution Options | You have flexibility to designate all or part of your elective deferrals as Roth contributions, which are made with after-tax dollars. |
Confirm the current annual contribution limits before making your election.
401(k) plan
| Feature | Details |
|---|---|
| Enrollment | Eligible employees are automatically enrolled after you complete 6 months of continuous service of at least 500 hours in recognized employment. You may elect to opt-out of the Plan by contacting Empower at 844-465-4455. |
| Default Contribution | Unless you elect otherwise, you will be automatically enrolled at an employee contribution rate of 2% of your pay (before tax) each pay period, which will be contributed to your account. Your payroll deduction will automatically increase by 1% each year, upon the anniversary of your hire date, up to a maximum of 6%. You may change the amount of your contribution by contacting Empower at 844-465-4455, by logging in to your account through the mobile app, or at empowermyretirement.com. |
| Vesting | Your contributions are always 100% vested in the plan. |
| Contribution Options | You have flexibility to designate all or part of your elective deferrals as Roth contributions, which are made with after-tax dollars. |
Confirm the current annual contribution limits before making your election.
401(k) plan
| Feature | Details |
|---|---|
| Enrollment | Eligible employees are automatically enrolled after you complete 6 months of continuous service of at least 500 hours in recognized employment. You may elect to opt-out of the Plan by contacting Empower at 844-465-4455. |
| Contributions | Unless you elect otherwise, you will be automatically enrolled at an employee contribution rate of 2% of your pay (before tax) each pay period, which will be contributed to your account. Your payroll deduction will automatically increase by 1% each year, upon the anniversary of your hire date, up to a maximum of 6%. You may change the amount of your contribution by contacting Empower at 844-465-4455, by logging in to your account through the mobile app, or at empowermyretirement.com. |
| Matching | The company matches 50% of your contributions up to 6%. That’s a 3% matching contribution if you contribute at least 6% of your pay. Additionally, the company currently provides a contribution of $0.75 per hour to all eligible employees, whether or not you make a contribution. |
| Vesting | Your contributions are always 100% vested in the Plan. You are 100% vested in the company’s contributions after 5 years (20% each year starting with your hire date) or upon death, disability or normal retirement. |
| Contribution Options | You have flexibility to designate all or part of your elective deferrals as Roth contributions, which are made with after-tax dollars. |
Confirm the current annual contribution limits before making your election.
401(k) plan
| Feature | Details |
|---|---|
| Enrollment | Eligible employees are immediately able to participate in the Plan and will be automatically enrolled. You may elect to opt-out of the Plan by contacting Empower at 844-465-4455. |
| Default Contribution | Unless you elect otherwise, you will be automatically enrolled at an employee contribution rate of 2% of your pay (before tax) each pay period, which will be contributed to your account. Your payroll deduction will automatically increase by 1% each year, upon the anniversary of your hire date, up to a maximum of 15%. You may change the amount of your contribution by contacting Empower at 844-465-4455, by logging in to your account through the mobile app, or at empowermyretirement.com. |
| Matching | The company matches 100% of your contributions up to 3%, and 50% of the next 2% you contribute. That's a 4% matching contribution if you contribute at least 5% of your pay. Additionally, the company currently provides a contribution of 75 cents per hour to all eligible employees, whether or not you make a contribution. |
| Vesting | Your contributions are always 100% vested in the Plan. You are 100% vested in the company's contributions after 5 years (20% each year starting with your hire date) or upon death, disability or normal retirement. |
| Contribution Options | You have flexibility to designate all or part of your elective deferrals as Roth contributions, which are made with after-tax dollars. |
Confirm the current annual contribution limits before making your election.
401(k) plan
| Feature | Details |
|---|---|
| Enrollment | Employees are able to enroll after your complete 6 months of continuous service of at least 500 hours in recognized employment. You may enroll in the Plan by contacting Empower at 844-465-4455. |
| Default Contribution | Once you enroll in the Plan, you are allowed to contribute at least 1% up to 50% of your eligible pay (before tax) each pay period, which will be contributed to your account. You may change the amount of your contribution by contacting Empower at 844-465-4455, by logging in to your account through the mobile app, or at empowermyretirement.com. |
| Matching | The company currently provides a contribution of $1.00 per hour to all eligible employees, whether or not you make a contribution. |
| Vesting | Your contributions, as well as your company contributions, are always 100% vested in the Plan. |
| Contribution Options | You have flexibility to designate all or part of your elective referrals as Roth contributions, which are made with after-tax dollars. |
Confirm the current annual contribution limits before making your election.
401(k) plan
| Feature | Details |
|---|---|
| Enrollment | Eligible employees are immediately able to participate in the Plan and will be automatically enrolled. You may elect to opt-out of the Plan by contacting Empower at 844-465-4455. |
| Default Contribution | Unless you elect otherwise, you will be automatically enrolled at an employee contribution of 2% of your pay (before tax) each pay period, which will be contributed to your account. Your payroll deduction will automatically increase 1% each year, upon the the anniversary of your hire date, up to a maximum of 15%. You may change the amount of your contribution by contacting Empower at 844-465-4455, by logging in to your account through the mobile app, or at empowermyretirement.com. |
| Matching | The company matches 100% of your contributions up to 3%, and 50% of the next 2% you contribute. That's a 4% matching contribution if you contribute at least 5% of your pay. Additionally, the company currently provides a contribution of 30 cents per hour to all eligible employees, whether or not you make a contribution. |
| Vesting | Your contributions are always 100% vested in the Plan. You are 100% vested in the company's contributions after 5 years (20% each year starting with your hire date) or upon death, disability or normal retirement. |
| Contribution Options | You have flexibility to designate all or part of your elective referrals as Roth contributions, which are made with after-tax dollars. |
Confirm the current annual contribution limits before making your election.
401(k) plan
| Feature | Details |
|---|---|
| Enrollment | Eligible employees are immediately able to participate in the Plan and will be automatically enrolled if you do not opt-out of the plan. You may make your election or opt-out of the Plan by contacting Empower at 844-465-4455, by visiting the empowermyretirement.com website, or by downloading the Empower Application to your phone. |
| Default Contribution | Unless you elect otherwise, you are automatically enrolled at the rate of 2% of your pay (before tax) each pay period, automatically increasing by 1% each year up to 15% (on the anniversary of your enrollment date). If you are defaulted into the plan and did not actively make an election, you are automatically invested in the target date fund appropriate for your retirement age. |
| Matching | The company matches 50% of the first 2% you contribute. That’s a 1% matching contribution if you contribute 2% of your pay. |
| Vesting | Your contributions are always 100% vested in the plan. You are 100% vested in the company's contributions after 3 years or upon death, disability or normal retirement. |
| Contribution Options | You have flexibility to designate all or part of your elective referrals as Roth contributions, which are made with after-tax dollars. |
Confirm the current annual contribution limits before making your election.
Pension plan
| Feature | Details |
|---|---|
| Benefit Accrual | Frozen Pre-2017 Benefit (If applicable) + Annual Pay Credit based on age and years of service + Annual Interest Credit (30-year Treasury Rate - no less than 2.65%) = Total qualified pension benefit due from Hormel Foods Corporation |
| Vesting | 3 years |
Pension plan
| Feature | Details |
|---|---|
| Benefit Accrual | Annual Pay Credit (4.5% of Pay) + Annual Interest Credit (30-year Treasury Rate - no less than 2.65%) = Total qualified pension benefit due from Hormel Foods Corporation |
| Vesting | 3 years |
Pension plan
| Feature | Details |
|---|---|
| Benefit Accrual | Years of Service x Coverage Schedule Rate + 30-Years Service (If applicable) = Total qualified pension benefit due from Hormel Foods Corporation |
| Vesting | 5 years |
Short-term disability
Sign in to see the plan information assigned to your employee profile.
| Feature | Details |
|---|---|
| Eligibility | 90 days |
| Waiting Period | 7 calendar days |
| Duration | 26 weeks |
| Benefit % | 100% weeks 1-8 90% weeks 9-26 |
| Feature | Details |
|---|---|
| Eligibility | 1 year |
| Waiting Period | 7 calendar days |
| Duration | 26 weeks |
| Benefit % | 70% |
Long-term disability
Sign in to see the plan information assigned to your employee profile.
| Feature | Details |
|---|---|
| Eligibility | 90 days of active employment |
| Elimination Period | 26 weeks |
| Amount of Monthly Benefit | 60% of annual earnings (up to $10,000 monthly max) |
| Calculation Method | Calculated monthly and reduced by Social Security and other income sources |
| Benefit Duration | Payable up to full Social Security age |
| Feature | Details |
|---|---|
| Eligibility | 1 year active employment |
| Elimination Period | 26 weeks |
| Amount of monthly benefit | 60% of annual earnings |
| Maximum monthly benefit | $10,000 Until reaching Social Security age |
| Feature | Details |
|---|---|
| Coverage Type | Basic |
| Company Paid Premium | 100% |
| Employee Paid Premium | 0% |
| Eligibility | 1 year |
| Elimination Period | 26 weeks |
| Monthly Max | $7,500 |
| Monthly Benefit % | 50% |
| Max Duration | Maximum of 5 years |
| Feature | Details |
|---|---|
| Eligibility | 1 year |
| Elimination Period | 26 weeks |
| Monthly Max | $7,500 |
| Max Duration | 5 year maximum |
This information is a summary only. Refer to your summary plan description and amendments for complete details.