Defined Benefit (Pension) · DOL Form 5500 · 2023

Snap-on Incorporated Pension Plan

Data updated 2026-08-25

$986M
Total assets Above avg plan size
3,761
Participants Above avg headcount
99th
Percentile by assets National rank
$262,178
Avg per participant Above avg balance/head
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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.

  • #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.

#18,263
in Manufacturing (18,722 peers)
+6.4%
assets growth YoY
9.9×
vs typical plan assets (national mean)

Snap-on Incorporated Retirement Plan's outsized position by total assets

Snap-on Incorporated Retirement Plan vs every filed plan by assets

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

$986,053,334 Top 1% higher than 99% 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 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. Snap-on Incorporated Retirement Plan lands in the large band (3,761 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • 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 →

Form 5500 schedule snapshot

Filing strip 390622040 · Snap-on Incorporated PY 2023 · Defined Benefit (Pension)

Snap-on Incorporated Retirement Plan · $986M · 3,761 · 99th

  • 5500 $986M
  • ASSETS 3,761
  • PCT 99th
  • EIN Defined Benefit (Pension)
  • RANK near International UAW Staff Retirement Income Plan
  • PHOTO ind #18263

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 Retirement Plan in the asset neighbourhood

Snap-on Incorporated Retirement PlanSnap-on Incorporated Retirem…$986MInternational UAW Staff Retirement Income PlanInternational UAW Staff Reti…$985MLocal No. 731, I.B. of T., Pension FundLocal No. 731, I.B. of T., P…$985MHormel Foods Corporation Pension PlanHormel Foods Corporation Pen…$985MAshland Hercules Pension Plan$984M
End-of-year total assets ($M) among Snap-on Incorporated Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Wisconsin filing particulars

Total Assets (Beginning of Year)$927M
Net Assets (End of Year)$985M
Net Income$59M
Employer EIN390622040
Plan Effective Date1943-05-01
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 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 Scatter plot of 6 data points. 020004000600080001000012000 01234 Total assets ($B) Participants Snap-on Incorporated Retirement Plan, Total assets ($B): 0.986053334 · Participants: 3761Snap-on Incorporated Retirement PlanThe Northwestern Mutual Employee Retirement Plan, Total assets ($B): 3.298151091 · Participants: 8348The Northwestern Mutual Employee Retirement PlanBuilding Trades United Pension Trust Fund Milwaukee and Vicinity, Total assets ($B): 3.267131995 · Participants: 9960Building Trades United Pension Trust Fund Milwaukee and VicinityThe Northwestern Mutual Life Insurance Company Agents Retirement Plan, Total assets ($B): 2.08393057 · Participants: 7368The Northwestern Mutual Life Insurance Company Agents Retirement PlanHarley-Davidson Retirement Plan, Total assets ($B): 1.912240682 · Participants: 1560Harley-Davidson Retirement PlanRockwell Automation Pension Plan, Total assets ($B): 1.77661124 · Participants: 2136Rockwell Automation Pension Plan
Snap-on Incorporated Retirement Plan vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants
Compare Snap-on Incorporated Retirement Plan side-by-side with 3 peers →

Snap-on Incorporated Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Wisconsin, the nearest Defined Benefit (Pension) by assets is International UAW Staff Retirement Income Plan in MI ($985M); by covered participants it is Intermountain Retail Store Employees Pension Plan in WA (3,762 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($986M here).

Similar participant headcount

Nearest other-state filings by covered participants (3,761 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 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).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Snap-on Incorporated Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Intermountain Retail Store Employees Pension Plan in WA (3,762 participants, $207M 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.