Plan Ledger DOL Form 5500 · updated monthly

Snap-On Incorporated401(k)

SNAP-ON INCORPORATED 401K SAVINGS PLAN · KENOSHA, WI · plan year 2025

Reported admin expense ratio · 2025
0.06%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Snap-On Incorporated reported $609,731 in plan administrative expenses for 2025: 0.06% of average plan assets, above the peer median. Employer contributions averaged $1,892 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio fell from 0.08% to 0.06%. The plan sits in the over $1B size bracket, benchmarked here against 141 comparable plans and shown alongside other manufacturing employers. By assets it is the 33rd-largest of 1,936 plans among Wisconsin employers on file, and the 314th of 13,661 in manufacturing. In 2025, employees put in $3.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,071,188,761
Participants with balances9,344
Active participants6,517
Employer contributions$12,332,867
Employee contributions$38,974,536
Employer contribution per active participant$1,892
Average account balance$114,639
Benefits paid to participants$97,933,751
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history4
Yearassets · accounts · employer contribution
2025$1.1B · 9,344 accts · $12.3M emplr
2024$983.2M · 9,259 accts · $12.1M emplr
2023$894.0M · 9,182 accts · $12.0M emplr
2022$761.7M · 8,713 accts · $11.3M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$525,401
Investment management$55,372
Audit (IQPA)$25,864
Total administrative$609,731
The Snap-On Incorporated 401(k) match · 2025
Employer contribution per active participant$1,892
Median for plans this size$5,084
2025$1,892 per active participant
2024$1,831 per active participant
2023$1,776 per active participant
2022$1,749 per active participant

Snap-On Incorporated's 2025 employer contribution ran below the $5,084 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20254
T ROWE PRICE RPS INC · Recordkeeping · Trustee$528,858
MORNINGSTAR · Investment advisory (participants)$30,372
WIPFLI LLP · Accounting / audit$25,864
MERCER · Consulting$25,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year3
2025T. Rowe Price
2024T. Rowe Price
2023T. Rowe Price

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025$609,731 · 0.06%
2024$599,602 · 0.06%
2023$563,256 · 0.07%
2022$636,202 · 0.08%
Same employer
Similar plansManufacturing · Wisconsin
Quad/Graphics, Inc. WI$2.1B · 0.06%
S.C. Johnson & Son, Inc. WI$1.7B · 0.07%
Komatsu Mining Corp. WI$923.4M · 0.02%
Kohler Co. & Subsidiaries WI$854.0M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390622040 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.