Employers › Fortune Brands Innovations › plan 002
Recordkeeping fees per participant · Fortune Brands Innovations Hourly Employee Retirement Savings Plan · plan year 2024
$80.85
Higher than 59% of the 5,847 plans $50 to 250M that report it.
= $158,458 / 1,960
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250718154333NAL0000951507001, received 2025-07-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250718154333NAL0000951507001, received 2025-07-18
Percentiles compare this plan with the Schedule H plans $50 to 250M 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 2025-07-18.
Administrative expenses excluding investment management, per participant
$113.20
Higher than 61% of the 8,758 plans $50 to 250M that report it.
= $221,875 / 1,960
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250718154333NAL0000951507001, received 2025-07-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250718154333NAL0000951507001, received 2025-07-18
Administrative expenses per participant
$124.65
Higher than 47% of the 9,042 plans $50 to 250M that report it.
= $244,319 / 1,960
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250718154333NAL0000951507001, received 2025-07-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250718154333NAL0000951507001, received 2025-07-18
Administrative expenses as a share of assets
0.357%
Higher than 92% of the 9,049 plans $50 to 250M that report it.
= $244,319 / $68,491,233
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250718154333NAL0000951507001, received 2025-07-18
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250718154333NAL0000951507001, received 2025-07-18
Employer contributions per participant
$1,489
Higher than 20% of the 9,105 plans $50 to 250M that report it.
= $2,918,245 / 1,960
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250718154333NAL0000951507001, received 2025-07-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250718154333NAL0000951507001, received 2025-07-18
Employer share of total contributions
37.3%
Higher than 71% of the 9,112 plans $50 to 250M that report it.
= $2,918,245 / $7,823,185
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250718154333NAL0000951507001, received 2025-07-18
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250718154333NAL0000951507001, received 2025-07-18
93.9% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $0 ($124.65 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · 2R participant brokerage window · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250718154333NAL0000951507001, received 2025-07-18
| Field | Value | Source |
|---|---|---|
| Plan sponsor | FORTUNE BRANDS INNOVATIONS, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Plan name | FORTUNE BRANDS INNOVATIONS HOURLY EMPLOYEE RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Sponsor EIN / plan number | 62-1411546 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Sponsor location | DEERFIELD, IL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Industry (business code) | 551112, Management of companies and enterprises | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Filing received | 2025-07-18 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Participants, beginning of year | 2,318 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Active participants | 2,940 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Participants, end of year | 3,347 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Participants with an account balance | 1,960 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Total assets, beginning of year | $63,268,248 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Total assets, end of year | $68,491,233 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Net assets, end of year | $68,491,233 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Total income | $15,276,222 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Net income | $5,401,691 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Employer contributions | $2,918,245 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Participant contributions | $4,780,326 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Other contributions (incl. rollovers) | $124,614 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Total contributions | $7,823,185 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Benefit payments | $9,610,421 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Total expenses (incl. benefit payments) | $9,874,531 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Total administrative expenses | $244,319 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Recordkeeping fees | $158,458 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| IQPA audit fees | $62,222 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Investment advisory and management fees | $22,444 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Administrative expenses excluding investment management | $221,875 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Held in master trusts | $64,322,531 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Held in common/collective trusts | $0 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Held in mutual funds | $0 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250718154333NAL0000951507001, received 2025-07-18 |
| Independent auditor | BDO USA, P.C | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250718154333NAL0000951507001, received 2025-07-18 |
Position = column in the DOL layout for form year 2024. Filing 20250718154333NAL0000951507001, received 2025-07-18.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 25 Trustee (directed); 37 Participant loan processing; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $159,642 | no |
| BDO USA, P.C. | ACCOUNTANT/AUDITOR | 10 Accounting (including auditing) | $54,722 | no |
| FINANCIAL ENGINES | ADVISOR | 27 Investment advisory (plan) | $18,926 | no |
| SASSETTI LLC | ACCOUNTANT/AUDITOR | 10 Accounting (including auditing) | $7,500 | no |
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 20250718154333NAL0000951507001, received 2025-07-18.
FORTUNE BRANDS INNOVATIONS,INC.DCMT (EIN 453505568, PN 001): plan interest $64,322,531, 6.7% of the trust. The trust's own filing (20250718154613NAL0001054915001, received 2025-07-18) reports net assets $963,602,256, administrative expenses $0, recordkeeping fees $0, investment management fees $0 and 1 Schedule C providers.
| Provider (trust level) | Service codes | Paid by the trust | Allocated to this plan |
|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | 60 99 | $0 | $0 |
Schedule D Part I of the plan's filing; the trust's Schedule H and Schedule C. Allocation = the plan's interest divided by the trust's net assets.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $63,268,248 | $68,491,233 | 8.3% |
| Participants with a balance | 2,137 | 1,960 | -8.3% |
| Administrative expenses | $237,010 | $244,319 | 3.1% |
| Recordkeeping fees per participant | $65.77 | $80.85 | 22.9% |
| Employer contributions | $2,996,340 | $2,918,245 | -2.6% |
Prior filing 20241011130526NAL0012512291001, received 2024-10-11; the plan years are contiguous.