# Snap-On Incorporated 401(k) Plan
Source: https://planprovider.pro/companies/snap-on-incorporated-401k-plan

> Snap-On Incorporated's 401(k) plan: 6,599 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|

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