SNAP-ON INCORPORATED 401K SAVINGS PLAN

Plan Contact

  • Address: 2801 80TH STREET,KENOSHA,WI
  • Contact person: LISA DESANTO
  • Phone: (262) 656-5200

Plan General Information

SNAP-ON INCORPORATED 401K SAVINGS PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of SNAP-ON INCORPORATED 401K SAVINGS PLAN is $894,050,075.00.This plan was established in 1992.

SNAP-ON INCORPORATED 401K SAVINGS PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in SNAP-ON INCORPORATED 401K SAVINGS PLAN is 9139

SNAP-ON INCORPORATED 401K SAVINGS PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for SNAP-ON INCORPORATED 401K SAVINGS PLAN is $97,827.00

SNAP-ON INCORPORATED 401K SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for SNAP-ON INCORPORATED 401K SAVINGS PLAN is $4,252.00.

SNAP-ON INCORPORATED 401K SAVINGS PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in SNAP-ON INCORPORATED 401K SAVINGS PLAN is approximately $1,313.00
Investing in this additonal $1,313.00 for 20 years would give you extra $84,041.00, assuming a 10% annual return.

SNAP-ON INCORPORATED 401K SAVINGS PLAN Total Employer Contribution and Match Rate

In 2023, SNAP-ON INCORPORATED 401K SAVINGS PLAN allocates $12,000,909.00 to match its employees' contributions, providing an employer match rate of 32.43% of their contributions

SNAP-ON INCORPORATED 401K SAVINGS PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of SNAP-ON INCORPORATED 401K SAVINGS PLAN is 17.37%.

SNAP-ON INCORPORATED 401K SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for SNAP-ON INCORPORATED 401K SAVINGS PLAN is 19.21%. This measures the effectiveness of the plan participants' investments in the year.

SNAP-ON INCORPORATED 401K SAVINGS PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of SNAP-ON INCORPORATED 401K SAVINGS PLAN is 0.06%.

Enrollment Features

SNAP-ON INCORPORATED 401K SAVINGS PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

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