Plan Ledger DOL Form 5500 · updated monthly

The Toro Company401(k) + ESOP (KSOP)

THE TORO COMPANY RETIREMENT PLAN · MINNEAPOLIS, MN · plan year 2025

Reported admin expense ratio · 2025
0.02%

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

The Toro Company reported $261,197 in plan administrative expenses for 2025: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,202 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 0.04% to 0.02%. 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 1,918 plans among Minnesota employers on file, and the 238th of 13,661 in manufacturing. In 2025, employees put in $1.12 for every $1.00 the employer contributed; active participation has shrunk from 7,971 to 6,771 since 2022.

Plan summary
Net assets, end of year$1,409,928,907
Participants with balances8,586
Active participants6,771
Employer contributions$41,995,693
Employee contributions$46,850,047
Employer contribution per active participant$6,202
Average account balance$164,213
Benefits paid to participants$216,441,371
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$1.4B · 8,586 accts · $42.0M emplr
2024$1.4B · 9,173 accts · $26.6M emplr
2023$1.4B · 10,259 accts · $37.8M emplr
2022$1.3B · 10,358 accts · $36.1M emplr
The The Toro Company 401(k) match · 2025
Employer contribution per active participant$6,202
Median for plans this size$5,084
2025$6,202 per active participant
2024$3,809 per active participant
2023$5,092 per active participant
2022$4,530 per active participant

The Toro Company's 2025 employer contribution ran above the $5,084 median for plans its size. 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 · 20251

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

Administrative cost history4
2025$261,197 · 0.02%
2024$316,735 · 0.02%
2023$368,296 · 0.03%
2022$503,836 · 0.04%
Same employer
Similar plansManufacturing · Minnesota
Ecolab Inc. MN$4.2B · 0.03%
Solventum Corporation MN$2.6B · 0.01%
Andersen Corporation MN$1.7B · 0.07%
Deluxe Corporation MN$1.5B · 0.14%
Hormel Foods Corporation MN$1.3B · 0.03%
Polaris Industries Inc. MN$1.1B · 0.06%
Donaldson Company, Inc. MN$942.7M · 0.06%
Taylor Corporation MN$910.3M · 0.05%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 410580470 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.