Snap-on Incorporated Retirement Income Plan (Frozen)
corporate plan · Snap-on Incorporated · Bismarck, ND
FROZENPBGC Covered
B
Pension Health Score
74/100
Funding Status95% Funded
0%80% threshold100%
$3.2B
Total Assets
$3.4B
Total Liabilities
$182.1M
Unfunded Liability
26,457
Participants
Funding History
What This Means for You
Snap-on Incorporated Retirement Income Plan (Frozen) is in good financial health at 95% funded. This means for every dollar the plan owes in future benefits, it has 95 cents in assets to cover it. This plan is also covered by the PBGC, providing an additional safety net. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $3.2B | $3.4B | 94.6% | $160.7M |
| 2024 | $3.1B | $3.1B | 99.0% | $149.6M |
| 2023 | $2.9B | $3.1B | 93.8% | $150.3M |
| 2022 | $2.9B | $3.1B | 92.5% | $199.4M |
| 2021 | $2.8B | $2.8B | 99.9% | $165.3M |