401k Record

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Tennant 401(k)

Recordkeeping fees per participant · Tennant Company Retirement Savings Plan · plan year 2024

$30.22

Higher than 26% of the 1,697 plans $250M to 1B that report it.

Source

= $88,583 / 2,931
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251007131328NAL0011619218001, received 2025-10-07
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251007131328NAL0011619218001, received 2025-10-07

10th: $11.56median $49.9890th: $89.63

Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-07.

Cost and contributions

Administrative expenses excluding investment management, per participant

$45.91

10th: $18.52median $67.2190th: $147.71

Higher than 27% of the 2,324 plans $250M to 1B that report it.

Source

= $134,560 / 2,931
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251007131328NAL0011619218001, received 2025-10-07
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251007131328NAL0011619218001, received 2025-10-07

Administrative expenses per participant

$110.45

10th: $27.95median $88.2590th: $203.68

Higher than 65% of the 2,405 plans $250M to 1B that report it.

Source

= $323,717 / 2,931
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251007131328NAL0011619218001, received 2025-10-07
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251007131328NAL0011619218001, received 2025-10-07

Administrative expenses as a share of assets

0.072%

10th: 0.018%median 0.073%90th: 0.183%

Higher than 49% of the 2,407 plans $250M to 1B that report it.

Source

= $323,717 / $450,226,951
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251007131328NAL0011619218001, received 2025-10-07
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251007131328NAL0011619218001, received 2025-10-07

Employer contributions per participant

$3,406

10th: $1,169median $3,07390th: $8,346

Higher than 56% of the 2,457 plans $250M to 1B that report it.

Source

= $9,982,122 / 2,931
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251007131328NAL0011619218001, received 2025-10-07
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251007131328NAL0011619218001, received 2025-10-07

Employer share of total contributions

34.9%

10th: 17.5%median 31.1%90th: 48.7%

Higher than 63% of the 2,459 plans $250M to 1B that report it.

Source

= $9,982,122 / $28,592,184
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251007131328NAL0011619218001, received 2025-10-07
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251007131328NAL0011619218001, received 2025-10-07

Plan terms, as stated in Tennant Company's SEC filings

Employer match

“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.”

Form 11-K filed 2026-06-25, for the year ended 2025-12-31 · plan description note, contributions · source document

Eligibility

“Qualified employees are eligible to participate in the Plan upon employment, as defined by the Plan.”

Form 11-K filed 2026-06-25, for the year ended 2025-12-31 · plan description note, eligibility · source document

Vesting

“Participants are 100 percent vested in their account balance.”

Form 11-K filed 2026-06-25, for the year ended 2025-12-31 · plan description note, vesting · source document

Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251007131328NAL0011619218001, received 2025-10-07

Full record, Tennant Company Retirement Savings Plan

FieldValueSource
Plan sponsorTENNANT COMPANYForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251007131328NAL0011619218001, received 2025-10-07
Plan nameTENNANT COMPANY RETIREMENT SAVINGS PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20251007131328NAL0011619218001, received 2025-10-07
Sponsor EIN / plan number41-0572550 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251007131328NAL0011619218001, received 2025-10-07
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251007131328NAL0011619218001, received 2025-10-07
Sponsor locationEDEN PRAIRIE, MNForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251007131328NAL0011619218001, received 2025-10-07
Industry (business code)333200, ManufacturingForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20251007131328NAL0011619218001, received 2025-10-07
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251007131328NAL0011619218001, received 2025-10-07
Filing received2025-10-07Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251007131328NAL0011619218001, received 2025-10-07
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251007131328NAL0011619218001, received 2025-10-07
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20251007131328NAL0011619218001, received 2025-10-07
Participants, beginning of year2,873Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251007131328NAL0011619218001, received 2025-10-07
Active participants2,003Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251007131328NAL0011619218001, received 2025-10-07
Participants, end of year3,004Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251007131328NAL0011619218001, received 2025-10-07
Participants with an account balance2,931Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251007131328NAL0011619218001, received 2025-10-07
Total assets, beginning of year$421,211,379Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251007131328NAL0011619218001, received 2025-10-07
Total assets, end of year$450,226,951Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251007131328NAL0011619218001, received 2025-10-07
Net assets, end of year$450,226,951Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251007131328NAL0011619218001, received 2025-10-07
Total income$79,229,764Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251007131328NAL0011619218001, received 2025-10-07
Net income$29,015,572Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251007131328NAL0011619218001, received 2025-10-07
Employer contributions$9,982,122Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251007131328NAL0011619218001, received 2025-10-07
Participant contributions$16,656,710Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251007131328NAL0011619218001, received 2025-10-07
Other contributions (incl. rollovers)$1,953,352Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251007131328NAL0011619218001, received 2025-10-07
Total contributions$28,592,184Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251007131328NAL0011619218001, received 2025-10-07
Benefit payments$49,886,343Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251007131328NAL0011619218001, received 2025-10-07
Total expenses (incl. benefit payments)$50,214,192Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251007131328NAL0011619218001, received 2025-10-07
Total administrative expenses$323,717Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251007131328NAL0011619218001, received 2025-10-07
Contract administrator fees$600Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251007131328NAL0011619218001, received 2025-10-07
Recordkeeping fees$88,583Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251007131328NAL0011619218001, received 2025-10-07
IQPA audit fees$33,000Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251007131328NAL0011619218001, received 2025-10-07
Investment advisory and management fees$189,157Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251007131328NAL0011619218001, received 2025-10-07
Administrative expenses excluding investment management$134,560derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251007131328NAL0011619218001, received 2025-10-07
Held in master trusts$0Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251007131328NAL0011619218001, received 2025-10-07
Held in common/collective trusts$329,166,438Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251007131328NAL0011619218001, received 2025-10-07
Held in mutual funds$58,468,401Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251007131328NAL0011619218001, received 2025-10-07
Independent auditorEIDE BAILLY LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251007131328NAL0011619218001, received 2025-10-07

Position = column in the DOL layout for form year 2024. Filing 20251007131328NAL0011619218001, received 2025-10-07.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
STRATEGIC ADVISORS, INC.ADVISOR 27 Investment advisory (plan) $189,157no
FIDELITY INVESTMENTS INSTITUTIONALrecordkeeperRECORDKEEPER 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees $89,156yes
EIDE BAILLY LLPACCOUNTANT/AUDITOR 10 Accounting (including auditing) $33,000no
MERCER LLCPLAN SPONSOR 27 Investment advisory (plan) $12,377no

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251007131328NAL0011619218001, received 2025-10-07.

What changed since the 2023 plan year

Figure20232024Change
Total assets$421,211,379$450,226,9516.9%
Participants with a balance2,7972,9314.8%
Administrative expenses$303,060$323,7176.8%
Recordkeeping fees per participant$28.17$30.227.3%
Employer contributions$8,928,016$9,982,12211.8%

Prior filing 20250328152218NAL0001484305001, received 2025-03-28; the plan years are contiguous.

Alerts, claims and corrections

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Sponsor name as filed: TENNANT COMPANY; SEC registrant: TENNANT CO (CIK 97134, matched by EIN; display name from the Form 11-K cover).