Plan Snapshot
- Plan Sponsor: The Toro Company
- Sponsor EIN: 410580470
- Sponsor Address: 8111 LYNDALE AVE S, MINNEAPOLIS, MN, 55420
- Plan Type: 401(k)
- Total Participants: 6,972
- Total Assets: $1.4B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 6,972 | $1.4B | $26.6M | $46.9M |
| 2023 | 7,431 | $1.4B | $37.8M | $46.0M |
| 2022 | 7,971 | $1.3B | $36.1M | $41.7M |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $316,735 | — | — | — | — |
| 2023 | $368,296 | — | — | — | — |
| 2022 | $503,836 | — | — | — | — |