401(k) · DOL Form 5500 · 2024
Snap-on Incorporated 401(k) Plan
Data updated 2026-08-11
- $983M
- Total assets
- 6,759
- Participants
- 98th
- Percentile by assets
- $145,485
- Avg per participant
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.
- 98th percentile by assets (of 123,622 plans)
- #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.
- $983M
- total plan assets (2024 EOY)
- 6,759
- covered participants
- 98th
- percentile by assets (of 123,622 plans)
- $145,485
- avg assets per participant
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.
Participants vs Wisconsin filers
In Wisconsin, the average filing covers about 563 participants across 2,940 plans. Snap-on Incorporated 401(k) Savings Plan reports 6,759 participants - 12x that state average ($983M EOY assets).
Wisconsin filing particulars
| Total Assets (Beginning of Year) | $894M |
|---|---|
| Net Assets (End of Year) | $983M |
| Net Income | $89M |
| Employer EIN | 390622040 |
| Plan Effective Date | 1992-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Snap-on Incorporated)
| 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
- Advocate Aurora Health 401(k) Plan $10.5B · 80,015
- Johnson Controls Retirement Savings and Investment Plan $7.2B · 28,489
- Fiserv 401(k) Savings Plan $5.1B · 26,372
- Kimberly-Clark Corporation 401(k) & Profit Sharing Plan $5.0B · 11,661
- Rockwell Automation Retirement Savings Plan $3.8B · 9,217
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 Retirement Plan (Defined Benefit (Pension), $972M, 3,863 participants)
- Snap-on Incorporated Retirement Plan for Hourly Employees (Defined Benefit (Pension), $155M, 751 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Snap-on Incorporated 401(k) Savings Plan by total assets, not by location.
- Salem Health Hospitals & Clinics Retirement Plan (OR) $983M · 5,600
- Vensure Employer Services, Inc. 401(k) Profit Sharing Plan (AZ) $982M · 32,207
- Mercedes-Benz USA, LLC Employees' Retirement Savings Plan (GA) $984M · 3,563
- Nasdaq, Inc. 401(k) Savings Plan (MD) $984M · 2,352
Frequently Asked Questions
How did Snap-on Incorporated 401(k) Savings Plan assets move in 2024? ▼
How have Snap-on Incorporated plan assets changed over time? ▼
Where does Snap-on Incorporated 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Snap-on Incorporated 401(k) Savings Plan? ▼
Next read for Snap-on Incorporated 401(k) Savings Plan
Filing takeaways
Ways to act on Snap-on Incorporated 401(k) Savings Plan's numbers.
- By total assets, Snap-on Incorporated 401(k) Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) 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