v3.26.1
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
 12 Months Ended
Dec. 31, 2025
EBP 001  
EBP, Schedule of Asset Held for Investment [Line Items]  
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
Capital Accumulation Plan
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 36-3889635 Plan Number: 001

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$28,985,019 
Mutual funds:
Fidelity Global EX US Index65,080 units1,214,389 
Fidelity Small Cap Index57,152 units1,767,724 
Global Equity Fund LSV Global Value81,609 units1,194,476 
Total mutual funds4,176,588 
   
Non-pooled separate account:  
Empower Trust Company, LLC*:  
Hormel Foods Corporation Stock Fund*55,792 units3,219,586 
Separate trust accounts:  
 Empower Trust Company, LLC*:  
BlackRock Equity Index S&P 500159,821 units8,418,380 
BlackRock LifePath Index 20301,192,152 units27,810,143 
BlackRock LifePath Index 2035944,950 units24,487,730 
BlackRock LifePath Index 2040594,714 units16,921,894 
BlackRock LifePath Index 2045515,141 units15,864,791 
BlackRock LifePath Index 2050398,491 units12,962,722 
BlackRock LifePath Index 2055304,570 units10,116,523 
BlackRock LifePath Index 2060253,330 units7,028,772 
BlackRock LifePath Index 2065228,385 units3,402,186 
BlackRock LifePath Index 207074,960 units886,628 
BlackRock LifePath Index Retirement1,113,072 units20,894,133 
BlackRock US Debt Index60,643 units769,300 
Core Plus Bond Fund166,253 units1,709,325 
Global Equity Fund CIT744,343 units10,750,282 
Total separate trust accounts162,022,809 
   
Self-directed brokerage assets  
Charles Schwab & Co. 251,526 
   
Promissory notes*
Varying maturity dates with interest rates ranging from 4.75% to 10.50%
10,448,537 
Total assets (held at end of year)$209,104,065 
 
*Indicates a party-in-interest to the Plan.