Ohio › Manufacturing › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 May 2024 to 30 Apr 2025
The J.M. Smucker Company Employees' Retirement Plan
Sponsored by The J.M. Smucker Company, Orrville, OH
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
The J.M. Smucker Company Employees' Retirement Plan is a defined benefit pension plan sponsored by The J.M. Smucker Company of Orrville, Ohio. For the plan year ending 30 Apr 2025 it reported 1,147 participants, 281 of them active, and net assets of $91.4M.
Net assets came to $79,712 per participant, below the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and above the $67,961 median for defined benefit plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $421K: $367 per participant, above the same-size median of $325. Administrative expenses charged to the plan were $885K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $109M in 2009 to $91.4M in 2024 (down 16%), and participants from 2,469 to 1,147 (down 54%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $79,712 | $87,935 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $10,593 | $6,915 | $10,244 |
| Schedule C compensation per participant | $367 | $325 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.46% | 0.41% | 0.47% | 0.42% |
| Administrative expenses per participant | $771 | $513 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 plans), manufacturing (1,532) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 1,147 | $91.4M | $79,711 | — | — | $421K |
| 2023 | 1,194 | $92.3M | $77,341 | — | — | $512K |
| 2022 | 1,313 | $108M | $82,005 | $0 | — | $663K |
| 2021 | 1,437 | $135M | $93,946 | $40.0M | — | $681K |
| 2020 | 1,598 | $136M | $85,004 | — | — | $645K |
| 2019 | 1,680 | $122M | $72,555 | — | — | $686K |
| 2018 | 1,726 | $134M | $77,379 | — | — | $570K |
| 2017 | 1,787 | $147M | $82,421 | $24.3M | — | $105K |
| 2016 | 1,852 | $136M | $73,372 | $17.9M | — | $82K |
| 2015 | 1,904 | $126M | $66,166 | $4.4M | — | $94K |
| 2014 | 1,955 | $132M | $67,604 | — | — | $131K |
| 2013 | 2,010 | $126M | $62,851 | — | — | $143K |
| 2012 | 2,090 | $130M | $62,223 | $2.0M | — | $244K |
| 2011 | 2,417 | $129M | $53,339 | $12.5M | — | $69K |
| 2010 | 2,436 | $119M | $48,908 | — | — | $83K |
| 2009 | 2,469 | $109M | $44,028 | $0 | $0 | $138K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$92,345,055
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$9,407,046
- Benefits paid$9,438,014
- Administrative expenses$884,662
- Total expenses$10,322,676
- Net income−$915,630
- Net transfers$0
- Net assets, end of year$91,429,425
Participants
- Active participants281
- Retired or separated, receiving benefits478
- Retired or separated, entitled to future benefits310
- Total participants, end of year1,147
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| SEI Private Trust Company | Investment management | $322,467 | $0 |
| Willis Towers Watson | Actuarial | $76,314 | $0 |
| Maloney & Novotny LLC | Accounting (including auditing) | $21,850 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$464,031
- Investment advisory and management fees$322,467
- Actuarial fees$76,314
- IQPA audit fees$21,850
- Total administrative expenses$884,662
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$74.9M · 81.9%
- U.S. Government securities$10.9M · 11.9%
- Common/collective trusts$5.4M · 5.9%
- Receivables$234K · 0.3%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmMaloney & Novotny LLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1IFrozen plan3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 311400: Fruit & Vegetable Preserving & Specialty Food Mfg.
Other plans of The J.M. Smucker Company
| Plan | Participants | Net assets |
|---|---|---|
| The J.M. Smucker Company Employee Savings Plan | 10,964 | $1.47B |
| Big Heart Pet Brands Retirement Plan | 2,325 | $121M |
| The J. M. Smucker Company Represented Employees' Retirement Plan | 1,035 | $71.3M |
Similar plans in Ohio
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Alside Retirement Plan | Associated Materials, LLC | 1,158 | $40.8M | $35,218 |
| The Wooster Brush Company Retirement Plan | The Wooster Brush Company | 1,106 | $56.4M | $50,978 |
| Materion Corporation Pension Plan | Materion Corporation | 1,164 | $129M | $111,061 |
| The J. M. Smucker Company Represented Employees' Retirement Plan | The J.M. Smucker Company | 1,035 | $71.3M | $68,847 |
| Sanoh America, Inc. Pension Plan for Hourly Employees | Sanoh America, Inc. | 1,192 | $13.0M | $10,907 |
| Libbey Salaried Cash Balance Pension Plan | Libbey Glass LLC | 981 | $55.6M | $56,655 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is The J.M. Smucker Company Employees' Retirement Plan?
1,147 participants at the end of the plan year ending 30 Apr 2025, of whom 281 were active employees, with net assets of $91,429,425. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does The J.M. Smucker Company contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $420,631 in compensation to service provider organisations, $367 per participant or 0.46% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $884,662. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is The J.M. Smucker Company. Investment advisory or management: SEI Private Trust Company. The financial statements were audited by Maloney & Novotny LLC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 May 2024 to 30 Apr 2025, received by the Department of Labor on 16 Feb 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 34-0538550, plan 001, received 16 Feb 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.