401(k) · DOL Form 5500 · 2024

Snap-on Incorporated 401(k) Plan

Data updated 2026-08-25

$983M
Total assets Above avg plan size
6,759
Participants Above avg headcount
98th
Percentile by assets National rank
$145,485
Avg per participant Above avg balance/head
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Official DOL plan name: Snap-on Incorporated 401(k) Savings Plan · Sponsored by Snap-on Incorporated · Wisconsin · Manufacturing

$983M in assets, 6,759 participants

Snap-on Incorporated's Snap-on Incorporated 401(k) Savings Plan reported $983M in total assets and 6,759 participants in its 2024 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.

  • #17,306 in Manufacturing (17,777 peers)

Coverage in Wisconsin

Snap-on Incorporated 401(k) Savings Plan covers 6,759 participants in Wisconsin, 12x the typical Wisconsin plan (state average ~563 per filing). Assets: $983M.

#17,306
in Manufacturing (17,777 peers)
+10.0%
assets growth YoY
9.9×
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 2024 · DOL Form 5500

$983,334,539 Top 2% higher than 98% of 123,620 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 2024

Snap-on Incorporated 401(k) Savings 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. Snap-on Incorporated 401(k) Savings Plan lands in the large band (6,759 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Snap-on Incorporated 401(k) Savings Plan reported net income fell from $130M in the plan year 2023 filing to $89M in the plan year 2024 filing.
  • Snap-on Incorporated 401(k) Savings Plan end-of-year assets rose from $894M in the plan year 2023 filing to $983M in the plan year 2024 filing.
  • Snap-on Incorporated 401(k) Savings Plan reported participants rose from 6,457 in the plan year 2023 filing to 6,759 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 390622040 · Snap-on Incorporated PY 2024 · 401(k)

Snap-on Incorporated 401(k) Savings Plan · $983M · 6,759 · 98th

  • PART $983M
  • PART 6,759
  • PART 98th
  • PART 401(k)
  • PART near Salem Health Hospitals & Clinics Retirement Plan
  • PART ind #17306

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

Nasdaq, Inc. 401(k) Savings PlanNasdaq, Inc. 401(k) Savings …$984MMercedes-Benz USA, LLC Employees' Retirement Savings PlanMercedes-Benz USA, LLC Emplo…$984MSnap-on Incorporated 401(k) Savings PlanSnap-on Incorporated 401(k) …$983MSalem Health Hospitals & Clinics Retirement PlanSalem Health Hospitals & Cli…$983MVensure Employer Services, Inc. 401(k) Profit Sharing PlanVensure Employer Services, I…$982M
End-of-year total assets ($M) among Snap-on Incorporated 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Wisconsin filing particulars

Total Assets (Beginning of Year)$894M
Net Assets (End of Year)$983M
Net Income$89M
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 051015 Total assets ($B) Participants Snap-on Incorporated 401(k) Savings Plan, Total assets ($B): 0.983334539 · Participants: 6759Snap-on Incorporated 401(k) Savings PlanAdvocate Aurora Health 401(k) Plan, Total assets ($B): 10.487791739 · Participants: 80015Advocate Aurora Health 401(k) PlanJohnson Controls Retirement Savings and Investment Plan, Total assets ($B): 7.188548319 · Participants: 28489Johnson Controls Retirement Savings and Investment PlanFiserv 401(k) Savings Plan, Total assets ($B): 5.136404794 · Participants: 26372Fiserv 401(k) Savings PlanKimberly-Clark Corporation 401(k) & Profit Sharing Plan, Total assets ($B): 4.988151 · Participants: 11661Kimberly-Clark Corporation 401(k) & Profit Sharing PlanRockwell Automation Retirement Savings Plan, Total assets ($B): 3.765132976 · Participants: 9217Rockwell 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 $983M in end-of-year assets across 6,759 participants (0.008% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $145,485 per participant (1.1x the national average assets-per-participant) . Net income for plan year 2024 was $89M.

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 Open filing
2024 · index core 6,759 $983M This page

The same sponsor also keeps 2 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 Salem Health Hospitals & Clinics Retirement Plan in OR ($983M); by covered participants it is Brock Enterprises, LLC 401(k) Plan in TX (6,760 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (6,759 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Snap-on Incorporated 401(k) Savings Plan grew at a solid clip - up 10.0% during 2024, from $894M to $983M. Reported net income was $89M.
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 123,622 plans that reported assets for plan year 2024 (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 Salem Health Hospitals & Clinics Retirement Plan in OR ($983M, 5,600 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 Brock Enterprises, LLC 401(k) Plan in TX (6,760 participants, $89M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.