# The Toro Company 401(k) Plan
Source: https://planprovider.pro/companies/the-toro-company-401k-plan

> The Toro Company's 401(k) plan: 6,972 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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