Siteone Landscape Supply 401(k) match, vesting and fees
What Siteone Landscape Supply's 401(k) plan says about matching contributions
The Company may make discretionary matching contributions. For the year ended December 31, 2024, the Company made matching contributions equal to 120% of the first 2% of the participant’s eligible compensation plus 40% of the next 4% of the participant’s eligible compensation.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | 2024 audit report, p. 31 ↗ |
| Match vesting | Participants are vested immediately in their voluntary contributions plus actual earnings and losses thereon. A participant is 100% vested in employer matching contributions after three years of credited service if employed after December 23, 2013. If employed prior to that date, a participant is always 100% vested in the employer matching contribution. Certain matching contributions from prior employers of merged plans are subject to vesting schedules in place at the time of the merger. | 2024 audit report, p. 32 ↗ |
| Automatic enrollment | Eligible employees are automatically enrolled into the Plan after 30 days of employment unless the employee elects otherwise. Pre-tax contributions are withheld at 3% of eligible compensation and increased by 1% each year until it reaches 50% of eligible compensation unless the employee elects differently. | 2024 audit report, p. 31 ↗ |
| Roth contributions | Each year, participants may make pre-tax or Roth after-tax contributions up to 50% of eligible compensation, as defined by the Plan document, not to exceed a maximum of $23,000 for the Plan year. | 2024 audit report, p. 31 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 reduced by the highest outstanding loan balance in their account during the prior twelve month period or 50% of their vested account balance. | 2024 audit report, p. 32 ↗ |
| Recordkeeper | Fidelity Investments Institutional | 2025 Schedule C ↗ |
| Independent auditor | Deloitte & Touche LLP (unmodified opinion) | 2025 Schedule H ↗ |
| Plan type and status | 401(k) · Active | 2025 Form 5500 ↗ |
Match, vesting and other plan features are from the plan year 2024 filing's audit report (the latest one extracted so far). Rows cited to the Form 5500 and its schedules are from the plan year 2025 filing.
How the plan compares
Plan year 2025 medians for 44 defined-contribution plans with 5,000 to 9,999 participants.
| Siteone Landscape Supply: employer contribution per participant | $1,924 | |
| Peer median | $2,742 |
| Siteone Landscape Supply: average balance | $70,526 | |
| Peer median | $91,210 |
| Siteone Landscape Supply: admin expenses ÷ assets | 0.09% | |
| Peer median | 0.08% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $382M at the end of plan year 2021 to $603M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 8,972 | $603M | $16.5M | $1,924 | 0.09% | Not published | Form 5500 ↗ |
| 2024 | 8,906 | $519M | $17.4M | $2,042 | 0.08% | Quoted in the audit report, p. 31 ↗ | Form 5500 ↗ |
| 2023 | 8,398 | $437M | $16M | $1,983 | 0.09% | Not published | Form 5500 ↗ |
| 2022 | 7,573 | $334M | $14.4M | $1,969 | 0.09% | Not published | Form 5500 ↗ |
| 2021 | 6,220 | $382M | $11.4M | $1,894 | 0.02% | Not published | Form 5500 ↗ |
Common questions
Does Siteone Landscape Supply match 401(k) contributions?
The audit report attached to the Siteone Savings and Investment Plan's plan year 2024 Form 5500, page 31 says: “The Company may make discretionary matching contributions. For the year ended December 31, 2024, the Company made matching contributions equal to 120% of the first 2% of the participant’s eligible compensation plus 40% of the next 4% of the participant’s eligible compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the Siteone Landscape Supply 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 32 says: “Participants are vested immediately in their voluntary contributions plus actual earnings and losses thereon. A participant is 100% vested in employer matching contributions after three years of credited service if employed after December 23, 2013. If employed prior to that date, a participant is always 100% vested in the employer matching contribution. Certain matching contributions from prior employers of merged plans are subject to vesting schedules in place at the time of the merger.”
Who manages the Siteone Landscape Supply 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Fidelity Investments Institutional. The plan administrator is Siteone Landscape Supply Inc.
I left Siteone Landscape Supply. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Siteone Landscape Supply Inc, (770) 255-2141) or the recordkeeper, Fidelity Investments Institutional. The Siteone Landscape Supply old 401(k) page lists the contacts from every plan filing. Find an old Siteone Landscape Supply 401(k)
Data from the public Form 5500 annual reports Siteone Landscape Supply filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Siteone Landscape Supply. Not financial advice. Report a correction · Methodology