Plan Snapshot
- Plan Sponsor: Snap-On Incorporated
- Sponsor EIN: 390622040
- Sponsor Address: 2801 80TH STREET, KENOSHA, WI, 53143
- Plan Type: 401(k)
- Total Participants: 6,599
- Total Assets: $983.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 6,599 | $983.3M | $12.1M | $38.4M |
| 2023 | 6,759 | $894.1M | $12.0M | $37.0M |
| 2022 | 6,457 | $761.7M | $11.3M | $35.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| T ROWE PRICE RPS INC | NONE | $521,276 | — | $521,276 |
| MORNINGSTAR | NONE | $27,184 | — | $27,184 |
| MERCER | NONE | $25,000 | — | $25,000 |
| WIPFLI LLP | NONE | $24,400 | — | $24,400 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WIPFLI LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $597,860
- Estimated Expense Ratio: 0.061% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $599,602 | $52,184 | — | $24,400 | — |
| 2023 | $563,256 | $50,366 | — | $23,700 | — |
| 2022 | $636,202 | $62,003 | — | — | $24,300 |