401(k) · DOL Form 5500 · 2022
The Toro Company 401(k) Plan
Data updated 2026-08-25
- $1.3B
- Total assets Very large vs avg
- 6,954
- Participants Above avg headcount
- 99th
- Percentile by assets National rank
- $190,089
- Avg per participant Above avg balance/head
Official DOL plan name: The Toro Company Retirement Plan · Sponsored by The Toro Company · Minnesota · Manufacturing
$1.3B in assets, 6,954 participants
The Toro Company's The Toro Company Retirement Plan reported $1.3B in total assets and 6,954 participants in its 2022 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #20,273 in Manufacturing (20,602 peers)
Coverage in Minnesota
The Toro Company Retirement Plan covers 6,954 participants in Minnesota, 6.2x the typical Minnesota plan (state average ~1,126 per filing). Assets: $1.3B.
- #20,273
- in Manufacturing (20,602 peers)
- -12.6%
- assets change YoY
- 13×
- vs typical plan assets (national mean)
The plan reported a net loss of $191M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
The Toro Company Retirement Plan's outsized position by total assets
The Toro Company Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$1,321,882,008 Top 1% higher than 99% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
The Toro Company Retirement Plan's large-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Toro Company Retirement Plan lands in the large band (6,954 participants).
Form 5500 schedule snapshot
Filing strip 410580470 · The Toro Company PY 2022 · 401(k)
The Toro Company Retirement Plan · $1.3B · 6,954 · 99th
- NET $1.3B
- BOOK 6,954
- VS-ST 99th
- BOY 401(k)
- SCH near Holland and Knight Profit Sharing Plan & Trust
- EBSA ind #20273
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Minnesota →
The Toro Company Retirement Plan in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $1.5B |
|---|---|
| Net Assets (End of Year) | $1.3B |
| Net Income | -$191M |
| Employer EIN | 410580470 |
| Plan Effective Date | 1952-08-31 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Toro Company)
Sponsor-wide plan assets over time
All The Toro Company plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.4B 2.945699825275177% vs 2022
- 2024 filing year
| 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
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Unitedhealth Group 401(k) Savings Plan $18.6B · 176,886
- Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) $12.2B · 38,825
- Target Corporation 401(k) Plan $11.2B · 400,422
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $11.1B · 37,159
- U.S. Bank 401(k) Savings Plan $8.3B · 67,646
Scale composition for The Toro Company Retirement Plan
The Toro Company Retirement Plan reports $1.3B in end-of-year assets across 6,954 participants (0.011% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $190,089 per participant (1.4x the national average assets-per-participant) . Net income for plan year 2022 was -$191M.
This plan identity (EIN 410580470, plan #203) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.3B to $1.4B (+2.9%) while covered participants moved from 6,954 to 7,431 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 6,954 | $1.3B | This page |
| 2023 | 7,971 | $1.4B | Open filing |
| 2024 · index core | 7,431 | $1.4B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- The Toro Company Retirement Plan (401(k), $1.4B, 7,431 participants)
The Toro Company Retirement Plan's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is Holland and Knight Profit Sharing Plan & Trust in FL ($1.3B); by covered participants it is Insight Enterprises, Inc. 401(k) Plan in AZ (6,958 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.3B here).
- Holland and Knight Profit Sharing Plan & Trust (FL) $1.3B · 2,800
- Mdu Resources Group, Inc. 401(k) Retirement Plan (ND) $1.3B · 8,525
- Cleveland-Cliffs Steel LLC Hourly 401(k) Plan (IL) $1.3B · 12,117
- Jm Family Associates' Profit Sharing and 401(k) Plan (FL) $1.3B · 4,189
Similar participant headcount
Nearest other-state filings by covered participants (6,954 participants); asset peers above are excluded.
- Insight Enterprises, Inc. 401(k) Plan (AZ) 6,958 · 4 off
- Dfa Dairy Brands Smartchoice Savings Plan (KS) 6,964 · 10 off
- Hei Hotels and Resorts 401(k) Plan (CT) 6,944 · 10 off
- Private National Mortgage Acceptance Company LLC Retirement Plan (CA) 6,941 · 13 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.