Defined Benefit (Pension) · DOL Form 5500 · 2024
Snap-on Incorporated Pension Plan
Data updated 2026-08-11
- $155M
- Total assets
- 751
- Participants
- 93rd
- Percentile by assets
- $206,500
- Avg per participant
Official DOL plan name: Snap-on Incorporated Retirement Plan for Hourly Employees · Sponsored by Snap-on Incorporated · Wisconsin · Manufacturing
$155M in assets, 751 participants
Snap-on Incorporated's Snap-on Incorporated Retirement Plan for Hourly Employees reported $155M in total assets and 751 participants in its 2024 DOL Form 5500 filing, ranking in the 93rd 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.
- 93rd percentile by assets (of 123,622 plans)
- #15,935 in Manufacturing (17,777 peers)
Where Snap-on Incorporated Retirement Plan for Hourly Employees sits by assets
Snap-on Incorporated Retirement Plan for Hourly Employees sits in the top 10% of all filed plans by assets, $155M for 751 participants (~$206,500/participant), down 1.8% in 2024.
- $155M
- total plan assets (2024 EOY)
- 751
- covered participants
- 93rd
- percentile by assets (of 123,622 plans)
- $206,500
- avg assets per participant
The plan reported a net loss of $3M 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
- Snap-on Incorporated Retirement Plan for Hourly Employees reported net income fell from $9M in the plan year 2023 filing to -$3M in the plan year 2024 filing.
- Snap-on Incorporated Retirement Plan for Hourly Employees reported participants fell from 776 in the plan year 2023 filing to 751 in the plan year 2024 filing.
- Snap-on Incorporated Retirement Plan for Hourly Employees end-of-year assets fell from $158M in the plan year 2023 filing to $155M in the plan year 2024 filing.
Snap-on Incorporated Retirement Plan for Hourly Employees vs the 2024 asset distribution
By assets, Snap-on Incorporated Retirement Plan for Hourly Employees outranks 93% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.6x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $158M |
|---|---|
| Net Assets (End of Year) | $155M |
| Net Income | -$3M |
| Employer EIN | 390622040 |
| Plan Effective Date | 1969-01-01 |
| 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 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 for Hourly Employees 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
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Snap-on Incorporated Retirement Plan for Hourly Employees by total assets, not by location.
- Mfa Employees Retirement Plan (MO) $155M · 610
- Avantor Pension Plan (PA) $155M · 1,829
- Maimonides Medical Center Pension Plan (NY) $155M · 629
- The Bausch & Lomb Retirement Benefits Plan (NJ) $155M · 602
Frequently Asked Questions
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Next read for Snap-on Incorporated Retirement Plan for…
Scale reading
Ways to act on Snap-on Incorporated Retirement Plan for Hourly Employees's numbers.
- By total assets, Snap-on Incorporated Retirement Plan for Hourly Employees ranks in the top 10% 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