The Toro Company 401(k) Plan: Login, Facts & Contact Information

The Toro Company 401(k) Plan Facts

Plan name
THE TORO COMPANY RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing with a company-stock (ESOP) component
Plan sponsor
THE TORO COMPANY
Participants
10,331 (6,972 active employees)
Former employees with a balance
2,248
Plan assets
$1,360,820,684 at Dec 31, 2024
Average account balance
$148,351 across 9,173 accounts
Employer contributions
$26,558,574 in plan year 2024 (33% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Aug 31, 1952
Employer contributions Automatic enrollment Default investment for undecided participants Participants choose their own investments Self-directed brokerage window Profit sharing Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Jul 14, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $79.9 million went into the plan in contributions, $26.6 million of it from the employer (33%).
  • $185.9 million was paid out to participants.
  • Investment and other income added $98.4 million.
  • Administrative expenses were $316,735, about $35 per account.

How the The Toro Company 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20195,282$1.31 billion$21.8 million$124.6 million
20205,815$1.42 billion$17.6 million$167.3 million
20218,453$1.51 billion$32.5 million$163.8 million
20229,255$1.32 billion$36.1 million$146.4 million
202310,480$1.37 billion$37.8 million$142.0 million
202410,331$1.36 billion$26.6 million$185.9 million

The Toro Company 401(k) Contact Information

Phone
952-887-8051
Mailing address
8111 LYNDALE AVE S, MINNEAPOLIS MN 55420
Plan sponsor
THE TORO COMPANY
Employer identification number (EIN)
41-0580470
Plan number
203

Questions about the The Toro Company 401(k)

Does The Toro Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $26.6 million, 33% of all contributions.

Does the The Toro Company 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the The Toro Company 401(k) plan?

10,331 participants at the start of plan year 2024, 6,972 of them active employees, and 2,248 former employees who still had money in the plan.

What is the average 401(k) balance at The Toro Company?

About $148,351 per account: $1.36 billion in plan assets across 9,173 accounts with a balance at the end of plan year 2024.

Who manages the The Toro Company 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at The Toro Company. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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