Fortune Brands Innovations, Inc. 401(k) Review & Grade
Fortune Brands Innovations Hourly Employee Retirement Savings Plan
Deerfield, ILManagement of Companies2,415 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,208Employer $ per active participant
$1,979Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$68.5MNet plan assets, end of year
$34,945Average balance per account
Score breakdown
- Employer generosity11.4 / 5023th percentile for employer $ per participant
- Low cost8.3 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 33th |
| Employee saving | 14th |
| 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.
What to do if you're in this plan
- Fortune Brands Innovations put in about $1,208 per active participant, below the typical peer ($2,492). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (0.37% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $2,918,245 |
| Participant (employee) contributions | $4,780,326 |
| Other contributions (incl. rollovers in) | $124,614 |
| Administrative expenses paid from the plan | $244,319 |
| Investment advisory & management fees | $22,444 |
| Benefits paid out | $9,610,421 |
| Net assets, start / end of year | $63.3M / $68.5M |
| Active participants, start / end of year | 1,890 / 2,940 |
| Participants with account balances | 1,960 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $159,642 reported compensation |
| Bdo USA, P.C. | $54,722 reported compensation |
| Financial Engines | $18,926 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250718154333NAL0000951507001, received 2025-07-18, EIN 62-1411546, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.