Polaris Industries Inc. 401(k) Review & Grade
Polaris 401k Retirement Savings Plan
Medina, MNManufacturing8,517 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,242Employer $ per active participant
$6,218Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$104,651Average balance per account
Score breakdown
- Employer generosity31.4 / 5063th percentile for employer $ per participant
- Low cost18.6 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving7.8 / 1552th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 74th |
| Employee saving | 52th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $228,193 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Polaris Industries put in about $4,242 per active participant, more than the typical peer ($3,452). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $36,128,552 |
| Participant (employee) contributions | $52,960,058 |
| Other contributions (incl. rollovers in) | $7,815,993 |
| Administrative expenses paid from the plan | $617,319 |
| Contract administrator fees | $2,700 |
| Other admin expenses | $116,963 |
| Benefits paid out | $127,360,489 |
| Net assets, start / end of year | $1.0B / $1.1B |
| Active participants, start / end of year | 9,031 / 8,003 |
| Participants with account balances | 10,746 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ernst & Young LLP |
| Employer stock held by plan | $8,867,204 |
Largest service providers (Schedule C)
| Fidelity Investments | $538,111 reported compensation |
| Ernst & Young US LLP | $45,000 reported compensation |
| Marsh Insurance & Investments, LLC | $21,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260223131514NAL0001203312001, received 2026-02-23, EIN 41-1857431, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.