Start
What are my 2027 benefit features?
Your health-plan contributions and coverage for 2027.
Bargaining unit
Employee weekly contribution for health care coverage
| Coverage | Medical and Prescription Drug Plan | Dental and Vision Program | Dental/Vision with Vision Buy-Up |
|---|---|---|---|
| Employee only | $35 | $9 | $11.89 |
| Employee + children | $50 | $13 | $20.99 |
| Family | $68 | $18 | $25.99 |
Medical plan
| Benefit | Medical and Prescription Drug Plan | |
|---|---|---|
| In-network | Out-of-network | |
| Annual deductible — Employee | $850 | |
| Annual deductible — Dependents | $850/person or $1700 for all dependents combined | |
| Annual deductible — Family | $2,550 | |
| Employee co-insurance after deductible is met | 20% | 35% |
| Preventive services2 — plan pays | 100% | 100% after $10 co-pay |
| Cancer screening services2 — plan pays | 100% | 100% after $20 co-pay |
| Immunizations — plan pays | 100% | |
| Emergency room professional services — plan pays | 80% after deductible | |
| Emergency room facility charges3 — plan pays | 80% after $100 co-pay and deductible | |
| Annual medical out-of-pocket maximum — Employee | $4,250 | $7,500 |
| Annual medical out-of-pocket maximum — Dependents | $5,100 | $8,350 |
| Annual medical out-of-pocket maximum — Family | $9,350 | $15,850 |
1 You may be responsible for charges over usual and customary amounts as determined by contract administrator
2 Deductible does not apply to preventive and cancer screening services
3 Co-pay does not apply if admitted to the hospital
4 Includes deductible, co-pays and co-insurance amounts for eligible medical exp.
Prescription drugs
| Prescription | You pay |
|---|---|
| Generic drug | 10% of the prescription cost ($5 minimum)5 |
| Brand name drug | 20% of the prescription cost ($5 minimum, $100 max) |
| Specialty brand name drug | 20% of the prescription cost ($5 minimum, $250 max) |
| Generic or brand name not on the Preferred Products list | 35% of the prescription cost5 ($5 minimum) |
| Prescription drug annual out-of-pocket maximum — Single coverage | $2,750 |
| Prescription drug annual out-of-pocket maximum — Family coverage | $5,500 |
If a brand name drug is dispensed when a generic is available, you will pay the difference in cost - this amount does not apply towards out-of-pocket maximum.
5 Applies toward prescription drug out-of-pocket maximum
Dental plan coverage
| Benefit | Delta Dental PPO | In-network | Out-of-network |
|---|---|---|---|
| Annual Deductible | $0 | $75 | $75 |
| Plan Annual Maximum | $3,000 | $2,500 | $2,500 |
| Diagnostic and Preventive | 10%* | 20%* | 20%* |
| 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 24 months | $10 co-pay | Reimbursed up to $40 after $10 co-pay |
| One pair lenses and frames every 24 months | $20 co-pay | After $20 co-pay: Reimbursed up to $60 single vision; Reimbursed up to $89 bifocal ; Reimbursed up to $100 trifocal; Reimbursed up to $160 lenticular |
| Frames | Covered up to $150 | Reimbursed up to $70 |
| Elective contact lenses | $0 co-pay with exam; Covered up to $150 | Reimbursed up to $105 |
| Laser vision correction | Allowance of $200 per eye lifetime maximum | Reimbursed up to $200 per eye lifetime maximum |
Vision Buy-Up Plan
| Benefit | In-network | Out-of-network |
|---|---|---|
| Exam and lenses/frame (or contact lens) | Every 12 months | Every 12 months |
| Frame Allowance | $150 | $70 |
| Lens enhancements | Fully covered progressive lenses and anti-reflective coating | N/A |
| Non-covered lens enhancements | 35-40% savings with in-network providers | N/A |
Life insurance
Sign in to see the plan information assigned to your employee profile.
| Feature | Details |
|---|---|
| Employee life — company paid | $15,000 |
| Employee AD&D — company paid | $15,000 |
| Child life — company paid | $2,000 (Age 14 days to 26 years) Child includes your natural child, adopted child and stepchild |
| Employee life — optional | Coverage can be elected at these increments: $12,500 $25,000 $37,500 $50,000 $75,000 |
| Spouse life — optional | $10,000 - $25,000 |
| Spouse life — coverage increments | Offered in $5,000 increments |
| Child life — optional | $5,000 |
| Child life — eligible ages | Age 14 days to 26 years old |
See life insurance details for eligibility and optional coverage requirements, including Statement of Health and enrollment rules.
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 | Employees are able to enroll on the first day of the calendar month after you complete 6 months of service 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 or after 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 matches 75% of your contributions up to 6%. That's a 4.5% matching contribution if you contribute at least 6% of your pay. Additionally, the company currently provides a contribution of 20 cents per hour to all eligible employees, whether or not you make a contribution. |
| Vesting | Your contributions are always 100% vested I 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.
Short-term disability
Sign in to see the plan information assigned to your employee profile.
| Feature | Details |
|---|---|
| Eligibility | One year of active employment |
| Waiting Period | 5 working days |
| Duration | 26 weeks |
| Amount of Benefit | 60% of hourly rate times 40 hours/week |
Long-term disability
Sign in to see the plan information assigned to your employee profile.
| Feature | Details |
|---|---|
| Coverage Type | Optional |
| Company Paid Premium | 0% |
| Employee Paid Premium | 100% |
| Eligibility | 1 year |
| Elimination Period | 180 days |
| Monthly Max | $5,000 |
| Monthly Benefit % | 50% |
| Max Duration | 5 year maximum |
This information is a summary only. Refer to your summary plan description and amendments for complete details.