Fortune Brands Innovations, Inc. 401(k) Review & Grade
Fortune Brands Innovations Retirement Savings Plan
Deerfield, ILManagement of Companies5,002 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,471Employer $ per active participant
$7,328Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$824.6MNet plan assets, end of year
$131,114Average balance per account
Score breakdown
- Employer generosity42.4 / 5085th percentile for employer $ per participant
- Low cost15.2 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 61th |
| Employee saving | 59th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $151,729 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Fortune Brands Innovations put in about $6,471 per active participant, more than the typical peer ($3,455). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $32,365,192 |
| Participant (employee) contributions | $36,653,208 |
| Other contributions (incl. rollovers in) | $9,402,196 |
| Administrative expenses paid from the plan | $696,294 |
| Contract administrator fees | $2,700 |
| Investment advisory & management fees | $326,206 |
| Benefits paid out | $83,110,174 |
| Net assets, start / end of year | $730.5M / $824.6M |
| Active participants, start / end of year | 4,822 / 5,181 |
| Participants with account balances | 6,289 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $304,103 reported compensation |
| Financial Engines | $284,346 reported compensation |
| Bdo USA, P.C. | $57,283 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250718154418NAL0000952387001, received 2025-07-18, EIN 62-1411546, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.