Defined Benefit (Pension) · DOL Form 5500 · 2024

Snap-on Incorporated Pension Plan

Data updated 2026-08-11

$972M
Total assets: 3,863
Participants: 98th
Percentile by assets: $251,557
Avg per participant

Official DOL plan name: Snap-on Incorporated Retirement Plan · Sponsored by Snap-on Incorporated · Wisconsin · Manufacturing

$972M in assets, 3,863 participants

Snap-on Incorporated's Snap-on Incorporated Retirement Plan reported $972M in total assets and 3,863 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)
#17,298 in Manufacturing (17,777 peers)

Coverage in Wisconsin

Snap-on Incorporated Retirement Plan covers 3,863 participants in Wisconsin, 6.9x the typical Wisconsin plan (state average ~563 per filing). Assets: $972M.

$972M
total plan assets (2024 EOY): 3,863
covered participants: 98th
percentile by assets (of 123,622 plans): $251,557
avg assets per participant

The plan reported a net loss of $14M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Snap-on Incorporated Retirement Plan reported net income fell from $59M in the plan year 2023 filing to -$14M in the plan year 2024 filing.
Snap-on Incorporated Retirement Plan reported participants rose from 3,761 in the plan year 2023 filing to 3,863 in the plan year 2024 filing.
Snap-on Incorporated Retirement Plan end-of-year assets fell from $986M in the plan year 2023 filing to $972M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Wisconsin

Industry

Manufacturing

Participants vs Wisconsin filers

In Wisconsin, the average filing covers about 563 participants across 2,940 plans. Snap-on Incorporated Retirement Plan reports 3,863 participants - 6.9x that state average ($972M EOY assets).

Wisconsin filing particulars

Total Assets (Beginning of Year)	$986M
Net Assets (End of Year)	$971M
Net Income	-$14M
Employer EIN	390622040
Plan Effective Date	1943-05-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Snap-on Incorporated)

Total plan assets by year, all Snap-on Incorporated plans on file

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

Building Trades United Pension Trust Fund Milwaukee and Vicinity $3.5B · 10,236
The Northwestern Mutual Employee Retirement Plan $3.3B · 8,254
The Northwestern Mutual Life Insurance Company Agents Retirement Plan $2.1B · 7,653
Harley-Davidson Retirement Plan $1.9B · 1,414
North Central States Regional Council of Carpenters Pension Fund $1.8B · 5,105

Compare Snap-on Incorporated Retirement Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Snap-on Incorporated Retirement Plan by total assets, not by location.

Retirement Plan of Idaho Power Company (ID) $971M · 2,113
Soft Drink and Brewery Workers Union Local 812 Retirement Fund (NY) $974M · 2,113
Ufcw Local One Pension Fund (NY) $968M · 125
Exelon Pension Plan (IL) $967M · 2,107

Frequently Asked Questions

How did Snap-on Incorporated Retirement Plan assets move in 2024? ▼

Snap-on Incorporated Retirement Plan edged down modestly - down 1.4% during 2024, from $986M to $972M. Reported net income was -$14M.

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 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 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 Retirement Plan of Idaho Power Company in ID ($971M, 2,113 participants).

Next read for Snap-on Incorporated Retirement Plan

Filing takeaways

Ways to act on Snap-on Incorporated Retirement Plan's numbers.

By total assets, Snap-on Incorporated Retirement Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) 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

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.