v3.26.1
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
 12 Months Ended
Dec. 31, 2025
EBP 051  
EBP, Schedule of Asset Held for Investment [Line Items]  
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
Hormel Foods Corporation
Tax Deferred Investment Plan B
 
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
EIN: 41-0319970 Plan Number: 051
December 31, 2025
Identity of Issuer, Borrower,
Lessor, or Similar Party		Number of
Shares/Units Held		Current
Value
Insurance company general account:  
Empower Retirement, LLC*:  
General Investment Account, contract value$37,518,855 
Mutual funds
Fidelity Global EX US Index49,991 units932,826 
Fidelity Small Cap Index44,589 units1,379,137 
Global Equity Fund LSV Global Value102,615 units1,501,936 
Total mutual funds3,813,899 
 
Non-pooled separate account:
Empower Trust Company, LLC*:
Hormel Foods Corporation Stock Fund*500,200 units28,865,231 
 
Separate trust accounts:
Empower Trust Company, LLC*:
BlackRock Equity Index S&P 500234,920 units12,374,143 
BlackRock LifePath Index 2030608,572 units14,196,580 
BlackRock LifePath Index 2035527,999 units13,682,735 
BlackRock LifePath Index 2040388,182 units11,045,286 
BlackRock LifePath Index 2045360,804 units11,111,672 
BlackRock LifePath Index 2050269,102 units8,753,767 
BlackRock LifePath Index 2055206,349 units6,854,041 
BlackRock LifePath Index 2060113,269 units3,142,695 
BlackRock LifePath Index 2065101,911 units1,518,146 
BlackRock LifePath Index 207020,188 units238,785 
BlackRock LifePath Index Retirement700,161 units13,143,127 
BlackRock US Debt Index36,789 units466,692 
Core Plus Bond Fund190,220 units1,955,731 
Global Equity Fund CIT935,938 units13,517,422 
Total separate trust accounts 112,000,820 
  
Self-directed brokerage assets 
Charles Schwab & Co.1,493,415 
  
Promissory notes*
Varying maturity dates with interest rates ranging from 5.25% to 10.50%
7,292,727 
Total assets (held at end of year)$190,984,947 
*Indicates a party-in-interest to the Plan.