Tractor Supply 401(k) match, vesting and fees
What Tractor Supply's 401(k) plan says about matching contributions
The Employer matches 50% of a participant's contribution up to 3% of the participant's 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 | Audit report, p. 33 ↗ |
| Match vesting | Participants are immediately 100% vested in their voluntary contributions to the 401(k), including any rollovers, plus actual earnings thereon. For all Employer contributions and earnings thereon, made for plan years beginning on or after January 1, 2000, participants are immediately 100% vested. Vesting in prior matching, profit sharing contributions and the ESOA is based on years of continuous service. A participant is 100% vested in these remaining amounts after six years of credited service, as defined. | Audit report, p. 34 ↗ |
| Loans | In certain instances, participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or the greater of 50% of their vested account balance or $10,000. Loans must be repaid over a five-year period, except for loans relating to the purchase of a principal residence, which may be repaid over a period not to exceed fifteen years. The loans are secured by the balance in the participant’s account and bear interest at an annual rate of prime plus 1%. The annual effective interest on all loans was between 4.25% and 10.50% at December 31, 2024. | Audit report, p. 34 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Baker Tilly US, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 87 defined-contribution plans in retail trade with 10,000 to 49,999 participants.
| Tractor Supply: employer contribution per participant | $1,291 | |
| Peer median | $1,215 |
| Tractor Supply: average balance | $34,260 | |
| Peer median | $48,539 |
| Tractor Supply: admin expenses ÷ assets | 0.24% | |
| Peer median | 0.12% |
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 $477M at the end of plan year 2023 to $560M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 61,116 | $560M | $21.1M | $1,291 | 0.24% | Quoted in the audit report, p. 33 ↗ | Form 5500 ↗ |
| 2023 | 53,918 | $477M | $19.2M | $1,230 | 0.22% | Not published | Form 5500 ↗ |
Common questions
Does Tractor Supply match 401(k) contributions?
The audit report attached to the Tractor Supply Company 401(k) Retirement Savings Plan's plan year 2024 Form 5500, page 33 says: “The Employer matches 50% of a participant's contribution up to 3% of the participant's compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the Tractor Supply 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 34 says: “Participants are immediately 100% vested in their voluntary contributions to the 401(k), including any rollovers, plus actual earnings thereon. For all Employer contributions and earnings thereon, made for plan years beginning on or after January 1, 2000, participants are immediately 100% vested. Vesting in prior matching, profit sharing contributions and the ESOA is based on years of continuous service. A participant is 100% vested in these remaining amounts after six years of credited service, as defined.”
Who manages the Tractor Supply 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Tractor Supply Company.
I left Tractor Supply. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Tractor Supply Company, (615) 440-4265) or the recordkeeper, Fidelity Investments Institutional. The Tractor Supply old 401(k) page lists the contacts from every plan filing. Find an old Tractor Supply 401(k)
Data from the public Form 5500 annual reports Tractor Supply 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 Tractor Supply. Not financial advice. Report a correction · Methodology