401(k) · DOL Form 5500 · 2024
The Toro Company 401(k) Plan
Data updated 2026-08-06
- $1.4B
- Total assets
- 7,431
- Participants
- 99th
- Percentile by assets
- $183,128
- Avg per participant
Official DOL plan name: The Toro Company Retirement Plan · Sponsored by The Toro Company · Minnesota · Manufacturing
$1.4B in assets, 7,431 participants
The Toro Company's The Toro Company Retirement Plan reported $1.4B in total assets and 7,431 participants in its 2024 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 116,472 plans)
- #16,537 in Manufacturing (16,886 peers)
Coverage in Minnesota
The Toro Company Retirement Plan covers 7,431 participants in Minnesota, 6.4x the typical Minnesota plan (state average ~1,161 per filing). Assets: $1.4B.
- $1.4B
- total plan assets (2024 EOY)
- 7,431
- covered participants
- 99th
- percentile by assets (of 116,472 plans)
- $183,128
- avg assets per participant
The plan reported a net loss of $8M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- The Toro Company Retirement Plan reported net income fell from $47M in the plan year 2023 filing to -$8M in the plan year 2024 filing.
- The Toro Company Retirement Plan reported participants fell from 7,971 in the plan year 2023 filing to 7,431 in the plan year 2024 filing.
- The Toro Company Retirement Plan end-of-year assets fell from $1.4B in the plan year 2023 filing to $1.4B in the plan year 2024 filing.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,161 participants across 2,725 plans. The Toro Company Retirement Plan reports 7,431 participants - 6.4x that state average ($1.4B EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $1.4B |
|---|---|
| Net Assets (End of Year) | $1.4B |
| Net Income | -$8M |
| Employer EIN | 410580470 |
| Plan Effective Date | 1952-08-31 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Toro Company)
| 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.
The Toro Company Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
- Wells Fargo & Company 401(k) Plan $57.9B · 179,076
- Unitedhealth Group 401(k) Savings Plan $26.6B · 205,460
- Target Corporation 401(k) Plan $14.4B · 409,649
- Medtronic Savings and Investment Plan $13.7B · 38,480
- U.S. Bank 401(k) Savings Plan $11.4B · 73,109
Scale composition for The Toro Company Retirement Plan
The Toro Company Retirement Plan reports $1.4B in end-of-year assets across 7,431 participants (0.012% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.008% of 89,805,449 covered participants) - about $183,128 per participant (1.3x the national average assets-per-participant) . Net income for plan year 2024 was -$8M.
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 | Open filing |
| 2024 · index core | 7,431 | $1.4B | This page |
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to The Toro Company Retirement Plan by total assets, not by location.
- Olin Corporation Retirement Savings Plan (MO) $1.4B · 6,277
- Transunion 401(k) & Savings Plan (IL) $1.4B · 5,011
- Dhl Retirement Savings Plan (FL) $1.4B · 11,074
- Ssm Health 401(k) Plan (MO) $1.4B · 3,442
Frequently Asked Questions
How did The Toro Company Retirement Plan assets move in 2024? ▼
How have The Toro Company plan assets changed over time? ▼
Where does The Toro Company Retirement Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to The Toro Company Retirement Plan? ▼
Next read for The Toro Company Retirement Plan
Filing takeaways
Ways to act on The Toro Company Retirement Plan's numbers.
- By total assets, The Toro Company Retirement Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
- The Toro Company's sponsor-wide assets have grown 2.9% since 2022 across 3 plan years on file. More Manufacturing plans