401(k) · DOL Form 5500 · 2024
The Toro Company 401(k) Plan
Data updated 2026-08-25
- $1.4B
- Total assets Very large vs avg
- 7,431
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $183,128
- Avg per participant Above avg balance/head
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.
- #17,418 in Manufacturing (17,777 peers)
Coverage in Minnesota
The Toro Company Retirement Plan covers 7,431 participants in Minnesota, 6.6x the typical Minnesota plan (state average ~1,126 per filing). Assets: $1.4B.
- #17,418
- in Manufacturing (17,777 peers)
- -0.6%
- assets change YoY
- 14×
- vs typical plan assets (national mean)
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.
The Toro Company Retirement Plan's outsized position by total assets
The Toro Company Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$1,360,820,684 Top 1% higher than 99% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
The Toro Company Retirement Plan's large-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Toro Company Retirement Plan lands in the large band (7,431 participants).
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.
DOL schedule card
Filing strip 410580470 · The Toro Company PY 2024 · 401(k)
The Toro Company Retirement Plan · $1.4B · 7,431 · 99th
- PHOTO $1.4B
- PHOTO 7,431
- PHOTO 99th
- PHOTO 401(k)
- PHOTO near Olin Corporation Retirement Savings Plan
- PHOTO ind #17418
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 Minnesota →
The Toro Company Retirement Plan in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All The Toro Company plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.4B 2.945699825275177% vs 2022
- 2024 filing year
| 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.
- 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 (0.011% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 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 |
The Toro Company Retirement Plan's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is Olin Corporation Retirement Savings Plan in MO ($1.4B); by covered participants it is Beacon Sales Acquisition, Inc. 401(k) Profit Sharing Plan in VA (7,425 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.4B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (7,431 participants); asset peers above are excluded.
- Beacon Sales Acquisition, Inc. 401(k) Profit Sharing Plan (VA) 7,425 · 6 off
- Churchill Downs Incorporated 401(k) Retirement Plan (KY) 7,438 · 7 off
- Black & Veatch Retirement Program (KS) 7,438 · 7 off
- Confluent Health, LLC 401(k) Profit Sharing Plan (KY) 7,445 · 14 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.