401(k) · DOL Form 5500 · 2023
The Toro Company 401(k) Plan
Data updated 2026-08-25
- $1.4B
- Total assets Very large vs avg
- 7,971
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $171,713
- Avg per participant Above avg balance/head
Official DOL plan name: The Toro Company Retirement Plan · Sponsored by The Toro Company · Minnesota · Manufacturing
$1.4B in assets, 7,971 participants
The Toro Company's The Toro Company Retirement Plan reported $1.4B in total assets and 7,971 participants in its 2023 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.
- #18,368 in Manufacturing (18,722 peers)
Coverage in Minnesota
The Toro Company Retirement Plan covers 7,971 participants in Minnesota, 7.1x the typical Minnesota plan (state average ~1,126 per filing). Assets: $1.4B.
- #18,368
- in Manufacturing (18,722 peers)
- +3.5%
- assets growth YoY
- 14×
- vs typical plan assets (national mean)
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 2023 · DOL Form 5500
$1,368,721,453 Top 1% higher than 99% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
The Toro Company Retirement Plan's large-plan peer group by participant headcount
Plan-year 2023 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 (7,971 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- The Toro Company Retirement Plan reported net income rose from -$191M in the plan year 2022 filing to $47M in the plan year 2023 filing.
- The Toro Company Retirement Plan reported participants rose from 6,954 in the plan year 2022 filing to 7,971 in the plan year 2023 filing.
- The Toro Company Retirement Plan end-of-year assets rose from $1.3B in the plan year 2022 filing to $1.4B in the plan year 2023 filing.
DOL schedule card
Filing strip 410580470 · The Toro Company PY 2023 · 401(k)
The Toro Company Retirement Plan · $1.4B · 7,971 · 99th
- VS-ST $1.4B
- VS-ST 7,971
- VS-ST 99th
- VS-ST 401(k)
- VS-ST near Garney Holding Company Employee Stock Ownership Plan and Trust
- VS-ST ind #18368
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) | $1.3B |
|---|---|
| Net Assets (End of Year) | $1.4B |
| Net Income | $47M |
| 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 $22.4B · 198,972
- Target Corporation 401(k) Plan $13.0B · 432,617
- Medtronic Savings and Investment Plan $12.9B · 44,342
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $12.0B · 36,049
- U.S. Bank 401(k) Savings Plan $10.3B · 75,272
Scale composition for The Toro Company Retirement Plan
The Toro Company Retirement Plan reports $1.4B in end-of-year assets across 7,971 participants (0.011% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $171,713 per participant (1.2x the national average assets-per-participant) . Net income for plan year 2023 was $47M.
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 | Open filing |
| 2023 | 7,971 | $1.4B | This page |
| 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 Garney Holding Company Employee Stock Ownership Plan and Trust in MO ($1.4B); by covered participants it is Uline, Inc. Profit Sharing Plan and Trust in WI (7,966 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.4B here).
- Garney Holding Company Employee Stock Ownership Plan and Trust (MO) $1.4B · 1,828
- 59 Wall Street Capital Accumulation Plan (NY) $1.4B · 3,056
- Iac Inc. Retirement Savings Plan (NY) $1.4B · 6,926
- Greenberg Traurig 401(k) Plan (FL) $1.4B · 3,866
Similar participant headcount
Nearest other-state filings by covered participants (7,971 participants); asset peers above are excluded.
- Uline, Inc. Profit Sharing Plan and Trust (WI) 7,966 · 5 off
- The Cultural Institutions Savings Plan (NY) 7,978 · 7 off
- Hoag Sheltered Savings Plan (CA) 7,963 · 8 off
- Soliant 401(k) Plan (GA) 7,955 · 16 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.