401(k) · DOL Form 5500 · 2022
The Toro Company 401(k) Plan
Data updated 2026-08-06
- $1.3B
- Total assets
- 6,954
- Participants
- 99th
- Percentile by assets
- $190,089
- Avg per participant
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.
- 99th percentile by assets (of 139,258 plans)
- #20,300 in Manufacturing (20,629 peers)
Coverage in Minnesota
The Toro Company Retirement Plan covers 6,954 participants in Minnesota, 6.0x the typical Minnesota plan (state average ~1,161 per filing). Assets: $1.3B.
- $1.3B
- total plan assets (2022 EOY)
- 6,954
- covered participants
- 99th
- percentile by assets (of 139,258 plans)
- $190,089
- avg assets per participant
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.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,161 participants across 2,725 plans. The Toro Company Retirement Plan reports 6,954 participants - 6.0x that state average ($1.3B EOY assets).
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)
| 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.
The Toro Company Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
- 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 $11.6T held by all Form 5500 filers in the national rollup , and 0.008% of 89,805,449 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)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to The Toro Company Retirement Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did The Toro Company Retirement Plan assets move in 2022? ▼
How have The Toro Company plan assets changed over time? ▼
Where does The Toro Company Retirement Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to The Toro Company Retirement Plan? ▼
Next read for The Toro Company Retirement Plan
Filing takeaways
Ways to act on The Toro Company Retirement Plan's numbers.
- By total assets, The Toro Company Retirement Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
- The Toro Company's sponsor-wide assets have grown 2.9% since 2022 across 3 plan years on file. More Manufacturing plans