Defined Benefit (Pension) · DOL Form 5500 · 2023

Snap-on Incorporated Pension Plan

Data updated 2026-08-11

$986M
Total assets: 3,761
Participants: 99th
Percentile by assets: $262,178
Avg per participant

Official DOL plan name: Snap-on Incorporated Retirement Plan · Sponsored by Snap-on Incorporated · Wisconsin · Manufacturing

$986M in assets, 3,761 participants

Snap-on Incorporated's Snap-on Incorporated Retirement Plan reported $986M in total assets and 3,761 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.

99th percentile by assets (of 127,072 plans)
#18,263 in Manufacturing (18,722 peers)

Coverage in Wisconsin

Snap-on Incorporated Retirement Plan covers 3,761 participants in Wisconsin, 6.7x the typical Wisconsin plan (state average ~563 per filing). Assets: $986M.

$986M
total plan assets (2023 EOY): 3,761
covered participants: 99th
percentile by assets (of 127,072 plans): $262,178
avg assets per participant

Snap-on Incorporated Retirement Plan reported net income rose from -$335M in the plan year 2022 filing to $59M in the plan year 2023 filing.
Snap-on Incorporated Retirement Plan end-of-year assets rose from $927M in the plan year 2022 filing to $986M in the plan year 2023 filing.
Snap-on Incorporated Retirement Plan reported participants rose from 3,665 in the plan year 2022 filing to 3,761 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Wisconsin

Industry

Manufacturing

Participants vs Wisconsin filers

In Wisconsin, the average filing covers about 563 participants across 2,940 plans. Snap-on Incorporated Retirement Plan reports 3,761 participants - 6.7x that state average ($986M EOY assets).

Wisconsin filing particulars

Total Assets (Beginning of Year)	$927M
Net Assets (End of Year)	$985M
Net Income	$59M
Employer EIN	390622040
Plan Effective Date	1943-05-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Snap-on Incorporated)

Total plan assets by year, all Snap-on Incorporated plans on file

Year	Plans	Participants	Total Assets
2022	3	10,640	$1.8B
2023	3	10,994	$2.0B
2024	3	11,373	$2.1B

Nearby Defined Benefit (Pension) Plans in Wisconsin

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Snap-on Incorporated Retirement Plan vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants

The Northwestern Mutual Employee Retirement Plan $3.3B · 8,348
Building Trades United Pension Trust Fund Milwaukee and Vicinity $3.3B · 9,960
The Northwestern Mutual Life Insurance Company Agents Retirement Plan $2.1B · 7,368
Harley-Davidson Retirement Plan $1.9B · 1,560
Rockwell Automation Pension Plan $1.8B · 2,136

Compare Snap-on Incorporated Retirement Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Snap-on Incorporated Retirement Plan by total assets, not by location.

International UAW Staff Retirement Income Plan (MI) $985M · 512
Local No. 731, I.B. of T., Pension Fund (IL) $985M · 3,289
Hormel Foods Corporation Pension Plan (MN) $985M · 8,622
Ashland Hercules Pension Plan (KY) $984M · 70

Frequently Asked Questions

How did Snap-on Incorporated Retirement Plan assets move in 2023? ▼

Snap-on Incorporated Retirement Plan grew at a solid clip - up 6.4% during 2023, from $927M to $986M. Reported net income was $59M.

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 Retirement Plan rank by assets among Form 5500 filers? ▼

Snap-on Incorporated Retirement Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).

Which Defined Benefit (Pension) plans are similar in size to Snap-on Incorporated Retirement Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is International UAW Staff Retirement Income Plan in MI ($985M, 512 participants).

Next read for Snap-on Incorporated Retirement Plan

Filing takeaways

Ways to act on Snap-on Incorporated Retirement Plan's numbers.

By total assets, Snap-on Incorporated Retirement Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) 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

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.