401(k) · DOL Form 5500 · 2023

Snap-on Incorporated 401(k) Plan

Data updated 2026-08-25

$894M
Total assets Above avg plan size
6,457
Participants Above avg headcount
98th
Percentile by assets National rank
$138,462
Avg per participant Near avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#18,217
in Manufacturing (18,722 peers)
+17.4%
assets growth YoY
9.0×
vs typical plan assets (national mean)

Snap-on Incorporated 401(k) Savings Plan's outsized position by total assets

Snap-on Incorporated 401(k) Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$894,050,075 Top 2% higher than 98% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Snap-on Incorporated 401(k) Savings 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. Snap-on Incorporated 401(k) Savings Plan lands in the large band (6,457 participants).

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.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 390622040 · Snap-on Incorporated PY 2023 · 401(k)

Snap-on Incorporated 401(k) Savings Plan · $894M · 6,457 · 98th

  • BOY $894M
  • SCH 6,457
  • EBSA 98th
  • PART 401(k)
  • TYPE near Huron Consulting Group Retirement Savings Plan
  • NET ind #18217

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 Wisconsin →

Snap-on Incorporated 401(k) Savings Plan in the asset neighbourhood

Tegna 401(k) Savings Plan$897MIndeed, Inc. 401(k) Profit-Sharing Plan TrustIndeed, Inc. 401(k) Profit-S…$895MHuron Consulting Group Retirement Savings PlanHuron Consulting Group Retir…$895MSnap-on Incorporated 401(k) Savings PlanSnap-on Incorporated 401(k) …$894MNationwide Children's Hospital, Inc. Defined Contribution PlanNationwide Children's Hospit…$893M
End-of-year total assets ($M) among Snap-on Incorporated 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Wisconsin filing particulars

Total Assets (Beginning of Year)$762M
Net Assets (End of Year)$894M
Net Income$130M
Employer EIN390622040
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Snap-on Incorporated)

Sponsor-wide plan assets over time

All Snap-on Incorporated plans reported in each filing year

Latest sponsor-wide plan assets
$2.1B 14.809291584248562% vs 2022
2024 filing year
$1.8B$1.9B$2B$2.1B$2.2B 202220232024 $1.84B $2.11B ▲ +14.7%
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 Scatter plot of 6 data points. 020000400006000080000100000 0246810 Total assets ($B) Participants Snap-on Incorporated 401(k) Savings Plan, Total assets ($B): 0.894050075 · Participants: 6457Snap-on Incorporated 401(k) Savings PlanAdvocate Aurora Health 401(k) Plan, Total assets ($B): 9.125723544 · Participants: 76956Advocate Aurora Health 401(k) PlanJohnson Controls Retirement Savings and Investment Plan, Total assets ($B): 6.160116767 · Participants: 28904Johnson Controls Retirement Savings and Investment PlanFiserv 401(k) Savings Plan, Total assets ($B): 4.81171463 · Participants: 25280Fiserv 401(k) Savings PlanKimberly-Clark Corporation 401(k) & Profit Sharing Plan, Total assets ($B): 4.550761 · Participants: 11236Kimberly-Clark Corporation 401(k) & Profit Sharing PlanRockwell Automation Retirement Savings Plan, Total assets ($B): 3.62235882 · Participants: 8877Rockwell Automation Retirement Savings Plan
Snap-on Incorporated 401(k) Savings Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants
Compare Snap-on Incorporated 401(k) Savings Plan side-by-side with 3 peers →

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's out-of-state 401(k) peers by assets and headcount

Outside Wisconsin, the nearest 401(k) by assets is Huron Consulting Group Retirement Savings Plan in IL ($895M); by covered participants it is Onesmile 401(k) Plan and Trust in CA (6,458 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($894M here).

Similar participant headcount

Nearest other-state filings by covered participants (6,457 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Snap-on Incorporated 401(k) Savings Plan assets move in 2023? ▼
Snap-on Incorporated 401(k) Savings Plan grew sharply - up 17.4% during 2023, from $762M to $894M. Reported net income was $130M.
How have Snap-on Incorporated plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Snap-on Incorporated's sponsor-wide assets grew 14.8%, from $1.8B to $2.1B.
Where does Snap-on Incorporated 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Snap-on Incorporated 401(k) Savings Plan ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Snap-on Incorporated 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Huron Consulting Group Retirement Savings Plan in IL ($895M, 4,044 participants).
Which 401(k) plans cover a similar participant headcount to Snap-on Incorporated 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Onesmile 401(k) Plan and Trust in CA (6,458 participants, $304M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 390622040.

Read our methodology - how this data is sourced, computed, and verified.

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