Snap-On 401(k) match, vesting and fees
What Snap-On's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | T Rowe Price Rps Inc | Schedule C ↗ |
| Independent auditor | Wipfli LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 283 defined-contribution plans in manufacturing with 5,000 to 9,999 participants.
| Snap-On: employer contribution per participant | $1,305 | |
| Peer median | $2,895 |
| Snap-On: average balance | $106,193 | |
| Peer median | $115,263 |
| Snap-On: admin expenses ÷ assets | 0.06% | |
| 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 $894M at the end of plan year 2023 to $983M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 9,632 | $983M | $12.1M | $1,305 | 0.06% | Not published | Form 5500 ↗ |
| 2023 | 9,710 | $894M | $12M | $1,307 | 0.07% | Not published | Form 5500 ↗ |
Other Snap-On plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Snap-On Incorporated Retirement Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Mercer | Schedule C ↗ |
| Independent auditor | Wipfli, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Snap-On Incorporated Retirement Plan for Hourly Employees
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Mercer | Schedule C ↗ |
| Independent auditor | Wipfli, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Snap-On match 401(k) contributions?
The match terms for the Snap-On Incorporated 401k Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $12.1M in employer contributions, about $1,305 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Snap-On 401(k) match vested?
The vesting schedule for the Snap-On Incorporated 401k Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Snap-On 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is T Rowe Price Rps Inc. The plan administrator is The Committee Snap-On Incorporated.
I left Snap-On. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (The Committee Snap-On Incorporated, (262) 656-5200) or the recordkeeper, T Rowe Price Rps Inc. The Snap-On old 401(k) page lists the contacts from every plan filing. Find an old Snap-On 401(k)
Data from the public Form 5500 annual reports Snap-On filed with the U.S. Department of Labor (plan years 2023 and 2024) 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 Snap-On. Not financial advice. Report a correction · Methodology