401(k)
2022 plan-year 401(k) DOL Form 5500

The Toro Company Retirement Plan

ERISA Form 5500 plan record drawn from DOL EBSA โ€” verify with linked source filings below.

Sponsored by The Toro Company ยท Minnesota ยท Manufacturing

What the 2023 filing shows

The Toro Company Retirement Plan holds $1.3B for 6,954 participants - about $190,089 per participant, down 12.6% over the 2022 plan year.

$1.3B
total plan assets (2022 EOY)
6,954
covered participants
$190,089
avg assets per participant
-12.6%
assets change YoY

The plan reported a net loss of $191M for the year โ€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$1.3B
Participants
6,954
State
Industry
Manufacturing

What the Filing Says About The Toro Company Retirement Plan

The Toro Company Retirement Plan is a 401(k) retirement plan sponsored by The Toro Company, headquartered in Minnesota. As of the 2022 Form 5500 filing, the plan reports $1.3B in total end-of-year assets and covers 6,954 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 410580470, and the plan has been effective since 1952-08-31. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $1.5B at the beginning of 2022 to $1.3B at year-end โ€” a decline of 12.6%. Net assets (after liabilities) closed the year at $1.3B, with reported net income of $-191,230,219 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows โ€” a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$1.5B
Total Assets (End of Year)$1.3B
Net Assets (End of Year)$1.3B
Net Income$-191,230,219
Plan Type401(k)
Employer EIN410580470
Plan Effective Date1952-08-31
Filing StatusFILING RECEIVED

Sponsor Plan History (The Toro Company)

Year Plans Participants Total Assets
2022 1 6,954 $1.3B
2023 1 7,971 $1.4B
2024 1 7,431 $1.4B

Nearby 401(k) Plans in Minnesota

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Frequently Asked Questions

How much money is in the The Toro Company Retirement Plan?
As of the 2022 Form 5500 filing, The Toro Company Retirement Plan holds $1.3B in total assets with 6,954 participants. It is sponsored by The Toro Company.
What type of plan is The Toro Company Retirement Plan?
The Toro Company Retirement Plan is a 401(k) plan. It has been effective since 1952-08-31. The plan is filed with the U.S. Department of Labor under EIN 410580470.
Who sponsors the The Toro Company Retirement Plan?
The Toro Company Retirement Plan is sponsored by The Toro Company, located in Minnesota. The sponsor's EIN is 410580470 and the plan operates in the Manufacturing industry.
How did The Toro Company Retirement Plan perform in 2022?
The Toro Company Retirement Plan declined by 12.6% during 2022, moving from $1.5B to $1.3B in total assets. Net income was $-191,230,219.
Where can I find official filings for The Toro Company Retirement Plan?
Official Form 5500 filings for The Toro Company Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 410580470 or plan name at efast.dol.gov.
How does The Toro Company Retirement Plan compare to other plans?
You can compare The Toro Company Retirement Plan against other 401(k) plans on the plan type page, or view plans in Minnesota on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) โ€” original filing retrieval by EIN 410580470.

Reference: IRS Publication 560 โ€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B โ€” Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.