Plan Snapshot
- Plan Sponsor: Fortune Brands Innovations, INC.
- Sponsor EIN: 621411546
- Sponsor Address: 520 LAKE COOK ROAD STE. 300, DEERFIELD, IL, 60015
- Plan Type: 401(k)
- Total Participants: 2,940
- Total Assets: $68.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,940 | $68.5M | $2.9M | $4.8M |
| 2023 | 1,890 | $63.3M | $3.0M | $4.7M |
| 2022 | 7,263 | $206.0M | $8.5M | $17.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $159,642 | — | $159,642 |
| BDO USA, P.C. | ACCOUNTANT/AUDITOR | $54,722 | — | $54,722 |
| FINANCIAL ENGINES | ADVISOR | $18,926 | — | $18,926 |
| SASSETTI LLC | ACCOUNTANT/AUDITOR | $7,500 | — | $7,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- BDO USA, P.C. — ACCOUNTANT/AUDITOR
- SASSETTI LLC — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $240,790
- Estimated Expense Ratio: 0.352% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $244,319 | $22,444 | — | $62,222 | — |
| 2023 | $237,010 | $28,471 | — | $62,010 | — |
| 2022 | $815,708 | — | — | — | — |