401(k) · DOL Form 5500 · 2023
Snap-on Incorporated 401(k) Plan
Data updated 2026-08-11
- $894M
- Total assets
- 6,457
- Participants
- 98th
- Percentile by assets
- $138,462
- Avg per participant
Official DOL plan name: Snap-on Incorporated 401(k) Savings Plan · Sponsored by Snap-on Incorporated · Wisconsin · Manufacturing
$894M in assets, 6,457 participants
Snap-on Incorporated's Snap-on Incorporated 401(k) Savings Plan reported $894M in total assets and 6,457 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.
- 98th percentile by assets (of 127,072 plans)
- #18,217 in Manufacturing (18,722 peers)
Coverage in Wisconsin
Snap-on Incorporated 401(k) Savings Plan covers 6,457 participants in Wisconsin, 11x the typical Wisconsin plan (state average ~563 per filing). Assets: $894M.
- $894M
- total plan assets (2023 EOY)
- 6,457
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $138,462
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Snap-on Incorporated 401(k) Savings Plan reported net income rose from -$156M in the plan year 2022 filing to $130M in the plan year 2023 filing.
- Snap-on Incorporated 401(k) Savings Plan end-of-year assets rose from $762M in the plan year 2022 filing to $894M in the plan year 2023 filing.
- Snap-on Incorporated 401(k) Savings Plan reported participants rose from 6,216 in the plan year 2022 filing to 6,457 in the plan year 2023 filing.
Participants vs Wisconsin filers
In Wisconsin, the average filing covers about 563 participants across 2,940 plans. Snap-on Incorporated 401(k) Savings Plan reports 6,457 participants - 11x that state average ($894M EOY assets).
Wisconsin filing particulars
| Total Assets (Beginning of Year) | $762M |
|---|---|
| Net Assets (End of Year) | $894M |
| Net Income | $130M |
| Employer EIN | 390622040 |
| Plan Effective Date | 1992-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Snap-on Incorporated)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 10,640 | $1.8B |
| 2023 | 3 | 10,994 | $2.0B |
| 2024 | 3 | 11,373 | $2.1B |
Nearby 401(k) Plans in Wisconsin
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Snap-on Incorporated 401(k) Savings Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants
- Advocate Aurora Health 401(k) Plan $9.1B · 76,956
- Johnson Controls Retirement Savings and Investment Plan $6.2B · 28,904
- Fiserv 401(k) Savings Plan $4.8B · 25,280
- Kimberly-Clark Corporation 401(k) & Profit Sharing Plan $4.6B · 11,236
- Rockwell Automation Retirement Savings Plan $3.6B · 8,877
Scale composition for Snap-on Incorporated 401(k) Savings Plan
Snap-on Incorporated 401(k) Savings Plan reports $894M in end-of-year assets across 6,457 participants (0.007% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $138,462 per participant (1.0x the national average assets-per-participant) . Net income for plan year 2023 was $130M.
This plan identity (EIN 390622040, plan #005) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $762M to $983M (+29.1%) while covered participants moved from 6,216 to 6,759 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 6,216 | $762M | Open filing |
| 2023 | 6,457 | $894M | This page |
| 2024 · index core | 6,759 | $983M | Open filing |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- Snap-on Incorporated 401(k) Savings Plan (401(k), $983M, 6,759 participants)
- Snap-on Incorporated Retirement Plan (Defined Benefit (Pension), $972M, 3,863 participants)
- Snap-on Incorporated Retirement Plan for Hourly Employees (Defined Benefit (Pension), $155M, 751 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Snap-on Incorporated 401(k) Savings Plan by total assets, not by location.
- Huron Consulting Group Retirement Savings Plan (IL) $895M · 4,044
- Indeed, Inc. 401(k) Profit-Sharing Plan Trust (CT) $895M · 9,982
- Nationwide Children's Hospital, Inc. Defined Contribution Plan (OH) $893M · 11,625
- Tegna 401(k) Savings Plan (VA) $897M · 6,365
Frequently Asked Questions
How did Snap-on Incorporated 401(k) Savings Plan assets move in 2023? ▼
How have Snap-on Incorporated plan assets changed over time? ▼
Where does Snap-on Incorporated 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Snap-on Incorporated 401(k) Savings Plan? ▼
Next read for Snap-on Incorporated 401(k) Savings Plan
Filing takeaways
Ways to act on Snap-on Incorporated 401(k) Savings Plan's numbers.
- By total assets, Snap-on Incorporated 401(k) Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Wisconsin. Compare plans
- Snap-on Incorporated's sponsor-wide assets have grown 14.8% since 2022 across 3 plan years on file. More Manufacturing plans