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SNAP-ON INCORPORATED

EIN 39-0622040-machinery-Latest filing 2024
Plans
6
Retirement
3
$2.11B assets
Welfare
3
$12.3M premiums
Participants
29,326
2801 80TH STREET - KENOSHA, WI 53143262-656-5200snapon.comLinkedIn10001+ employeesmachinery
Plans on this EIN
6 filings
#005401k-$983.3M - 9,632 part#001CashBalance-$971.8M - 9,447 part#002TraditionalDB-$155.1M - 2,914 part#545Mixed-$10.5M - 6,558 lives#546Fully Insured-$1.6M - 351 lives#600Fully Insured-$230K - 54 lives

Retirement portfolio analytics

3 plans aggregated / $2.11B assets / 21,993 participants

Assets by plan

Share of aggregate retirement assets

47%top
  • INCORPORATED 401K Savings (#005)47%
  • INCORPORATED RETIREMENT PLAN (#001)46%
  • FOR HOURLY EMPLOYEES (#002)7%
Total $2.11BClick slice to drill in

Recordkeeper share

DC plan assets by Schedule C recordkeeper

Entrenched
53%top
  • (Not disclosed)53%
  • T ROWE PRICE RPS INC47%
Total $2.11BClick slice to drill in

Participants by plan

Active + retired + deferred vested

  • INCORPORATED 401K Savings (#005)9,632
  • INCORPORATED RETIREMENT PLAN (#001)9,447
  • FOR HOURLY EMPLOYEES (#002)2,914
Total 21,993Click row to drill in

Benefits portfolio analytics

3 plans / $12.3M premiums / 6,963 covered lives

Coverage by line

Premium dollars by benefit type (bundled lines overlap)

  • Health$6.9M
  • Other$3.9M
  • Life$3.3M
  • Long-term disability$3.3M
  • Vision$989K
  • Prescription drug$531K
Total $12.3M6 rows

Carrier market share

Premium dollars by Schedule A carrier

Multi-vendor
46%top
  • KAISER FOUNDATION HEALTH PLAN INC46%
  • SUN LIFE ASSURANCE COMPANY OF CANADA27%
  • HARTFORD LIFE AND ACCIDENT10%
  • VISION SERVICE PLAN8%
  • BENISTAR4%
  • +3 more
Total $12.3M8 slices

Broker market share

Schedule A broker compensation

Split broker
79%top
  • AMWINS79%
  • WEB TPA19%
  • PATRICIA A. BAYUK2%
Total $224K3 slices

Plan deep-dives

Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.
Retirement#005

SNAP-ON INCORPORATED 401K SAVINGS PLAN

401k

Assets$983.3M
Participants9,632
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#001

SNAP-ON INCORPORATED RETIREMENT PLAN

CashBalance

Assets$971.8M
Participants9,447
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#002

SNAP-ON INCORPORATED RETIREMENT PLAN FOR HOURLY EMPLOYEES

TraditionalDB

Assets$155.1M
Participants2,914
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#545

THE SNAP-ON INCORPORATED ACTIVE EMPLOYEE HEALTH AND WELFARE BENEFIT PLAN

Mixed - KAISER FOUNDATION HEALTH PLAN, INC.

Premiums$10.5M
Covered lives6,558
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#546

SNAP-ON INCORPORATED NON-UNION RETIREE HEALTH AND WELFARE BENEFIT PLAN

Fully Insured - HARTFORD LIFE AND ACCIDENT INSURANCE COMPANY MEDICARE SUPPLEMENT

Premiums$1.6M
Covered lives351
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#600

SNAP-ON INCORPORATED UNION RETIREE HEALTH BENEFIT PLAN

Fully Insured - HARTFORD LIFE & ACCIDENT INSURANCE COMPANY MEDICARE SUPPLEMENT

Premiums$230K
Covered lives54
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive

Retirement plans3

Plan #NameTypeAssetsParticipantsLatest year
005SNAP-ON INCORPORATED 401K SAVINGS PLAN401k$983.3M9,6322024
001SNAP-ON INCORPORATED RETIREMENT PLANCashBalance$971.8M9,4472024
002SNAP-ON INCORPORATED RETIREMENT PLAN FOR HOURLY EMPLOYEESTraditionalDB$155.1M2,9142024

Welfare plans3

Plan #NameFundingCarrierPremiumsCoveredLatest year
545THE SNAP-ON INCORPORATED ACTIVE EMPLOYEE HEALTH AND WELFARE BENEFIT PLANMixedKAISER FOUNDATION HEALTH PLAN, INC.$10.5M6,5582024
546SNAP-ON INCORPORATED NON-UNION RETIREE HEALTH AND WELFARE BENEFIT PLANFully InsuredHARTFORD LIFE AND ACCIDENT INSURANCE COMPANY MEDICARE SUPPLEMENT$1.6M3512024
600SNAP-ON INCORPORATED UNION RETIREE HEALTH BENEFIT PLANFully InsuredHARTFORD LIFE & ACCIDENT INSURANCE COMPANY MEDICARE SUPPLEMENT$230K542024
Retirement plans
Welfare plans
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