TENNANT CO 401(k): Fidelity, match 3% max
Tennant Company Retirement Savings Plan · TNC · CIK 97134
Fidelity Investments is the recordkeeper named on the Form 5500 filed for this plan, the company that keeps the account records. Where to log in, and what the filing says.
Matched to this employer by sponsor name, not by an identifier stated in the filing.
Maximum employer match, as a share of pay
3%
TENNANT CO matches 75% of the first 4% of pay.
From the Form 11-K filed June 25, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · who holds your account · what the plan reports to the DOL · how it compares · what to do next
What TENNANT puts in, and what the plan costs
What TENNANT put into the plan, per active participant
$4,984
TENNANT CO put $4,984 into this plan for each of its 2,003 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
TENNANT put in more per active participant than 83% of plans with 1,000–4,999 participants in industrial and materials manufacturing. The middle plan in that group of 766 reported $2,514. Industrial and materials manufacturing comes from business code 333200, which TENNANT entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
What this figure cannot separate: how much TENNANT pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 410572550, plan 001 · DOL EFAST2 ↗
The $4,984 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. TENNANT CO also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $1,485 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What TENNANT puts in
$1,485
a year, at a $49,500 salary.
The match paragraph, word for word
“The Plan provides for a matching contribution; an amount equal to 75 percent of the first 4 percent of each employee's contributions up to a maximum match of 3 percent of certified earnings as defined.”
What you contribute to collect all of it
Contribute at least 4% of your pay to collect the full match.
That is $1,980 a year at a $49,500 salary, and it scales with your own.
Vesting score
100 out of 100
How fast the employer’s money becomes yours. Higher than 48% of the 369 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 100%, 100%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participants are 100 percent vested in their account balance.”
The plan tops the match up after year end, so contributing unevenly through the year does not cost the worker part of it.
The same match paragraph, word for word
“The Plan provides for a matching contribution; an amount equal to 75 percent of the first 4 percent of each employee's contributions up to a maximum match of 3 percent of certified earnings as defined.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
67th percentile
$112.68 per participant in plan-paid administrative cost, more expensive than 67% of plans with 1,000–4,999 participants.
What is TENNANT's 401(k) match formula?
TENNANT's 401(k) employer match tops out at 3% of pay. The plan pays an annual true-up. What an annual true-up repays is the arithmetic behind that line: it matters most in a year when contributions land unevenly.
| Match formula | 75% of the first 4% of pay |
|---|---|
| Maximum employer match | 3% of compensation |
| True-upA year-end recalculation that repays match lost to uneven contributions. | Yes, annual true-up |
| Other employer contribution | Additionally, the Company may elect to contribute a discretionary annual contribution subject to company performance and based on certified earnings as defined. The Company made no discretionary annual contributions for the year ended December 31, 2025. |
At a $75,000 salary, contributing 4% ($3,000) earns the full employer match of $2,250 for the year.
What the filing says, word for word
“The Plan provides for a matching contribution; an amount equal to 75 percent of the first 4 percent of each employee's contributions up to a maximum match of 3 percent of certified earnings as defined.”
Source: Form 11-K filed June 25, 2026, SEC EDGAR · SEC ↗
What is TENNANT's 401(k) vesting schedule?
TENNANT vests the employer match immediately: 100% is yours as soon as it is paid in. Nothing is forfeited when you leave, which is not true of the two schedules that vest over time.
| Employer match vesting | Immediate: employer match is 100% vested when contributed |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Other employer contributions | Participants are 100 percent vested in their account balance. |
Vesting, word for word
“Participants are 100 percent vested in their account balance.”
Source: Form 11-K filed June 25, 2026, SEC EDGAR · SEC ↗
Who can join TENNANT's 401(k), and is enrollment automatic?
TENNANT enrolls new hires automatically at 6% of pay.
| Plan entry | Qualified employees are eligible to participate in the Plan upon employment, as defined by the Plan. |
|---|---|
| Automatic enrollment | Yes: default deferral 6% of pay |
Eligibility, word for word
“Qualified employees are eligible to participate in the Plan upon employment, as defined by the Plan.”
Automatic enrollment, word for word
“These amendments, among other matters, increased the automatic enrollment default contribution rate from 4% to 6%, effective for employees hired on or after January 1, 2025, subject to automatic annual escalation unless the participant elects otherwise;”
Source: Form 11-K filed June 25, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports Fidelity Investments, filed as “FIDELITY INVESTMENTS INSTITUTIONAL”. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
10,593 plans on file name Fidelity Investments as their recordkeeper. Of those, the 10,022 with a computable fee have a median plan-paid cost of $97.71 per participant.
Participants log in at Fidelity NetBenefits ↗. 401(k) Monitor is not affiliated with Fidelity Investments or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | Fidelity Investments |
|---|---|
| Recordkeeper EIN | 042647786 |
What does the TENNANT plan report on Form 5500?
The TENNANT plan reported $450.2M in assets and 2,873 participants for plan year 2024.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
| Plan named in the DOL record | Tennant Company Retirement Savings Plan |
|---|---|
| Total plan assets | $450,226,951 |
| Participants | 2,873 |
| Plan-paid admin cost per participant | $112.68 |
How that cost compares
This plan pays $112.68 per participant. The median across plans in industrial and materials manufacturing is $142.19, from the 5,709 of 6,008 whose Form 5500 yields a per-participant cost.
Read from the Form 5500 filing of Tennant Company Retirement Savings Plan, which has no page of its own here.
How does TENNANT's 401(k) match compare?
TENNANT CO's maximum 401(k) match of 3% of pay compares with a median of 4% across the 269 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file in industrial and materials manufacturing, two report the same recordkeeper and one vests on the same schedule.
Maximum match 3% of pay. Also in industrial and materials manufacturing.
Maximum match 3% of pay. Also in industrial and materials manufacturing.
Maximum match 3% of pay. Also in industrial and materials manufacturing.
Maximum match 3% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 3% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 4% of pay. Vests immediately too, like TENNANT.
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 25, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
Questions this filing answers
What is TENNANT CO's 401(k) match?
Tennant Co matches 75% of employee contributions up to 4% of eligible pay (plan year ended December 31, 2025).
When does the TENNANT CO 401(k) match vest?
Immediate: employer match is 100% vested when contributed.
Does TENNANT CO's 401(k) plan have automatic enrollment?
Yes: default deferral 6% of pay.
Who is the recordkeeper for TENNANT CO's 401(k)?
Fidelity Investments is named as the recordkeeper on the Form 5500 filed for Tennant Company Retirement Savings Plan for plan year 2024. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that TENNANT CO filed with the US Securities and Exchange Commission for the plan year ended December 31, 2025. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | TENNANT CO |
| SEC CIK | 97134 |
| Accession number | 0000097134-26-000020 |
| Plan | Tennant Company Retirement Savings Plan |
| Period of report | December 31, 2025 |
| Filed | June 25, 2026 |
401(k) Monitor is not affiliated with TENNANT CO, with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “TENNANT CO 401(k) plan facts”, from SEC Form 11-K accession 0000097134-26-000020, plan year ended December 31, 2025.
