Retirement plan

NEWELL BRANDS EMPLOYEE SAVINGS PLAN

Name: NEWELL OPERATING COMPANY - NEWELL BRANDS EMPLOYEE SAVINGS PLAN (2022) Form 5500
Creator: NEWELL OPERATING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEWELL BRANDS EMPLOYEE SAVINGS PLAN, NEWELL OPERATING COMPANY

NEWELL OPERATING COMPANYEIN 36-1953130Plan #012PY 2022

6655 PEACHTREE DUNWOODY ROAD - ATLANTA, GA 30328770-418-7000

Other plans on this EIN

1 filing

#001Retirement-$843.9M assets

Prospect flagsLow participationLow assets / participantLow participant contributionFailed to provide benefitCorrective distributions

Top hat statement on fileNQDC

Filed April 6, 2018 (most recent of 2 filings on file)

Plan administrator

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221 River Street, 13th Floor

Hoboken State: NJ Zip Code: 07030

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Plans declared (1)

Newell Brands Supplemental Employee Savings Plan123 emp

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Total assets (EOY)

$1577.9M

-3.3% from 2016

Total participants

26,743

+19.2% from 2016

Average account balance

$75,001

-21.1% from 2016

Annual return

-16.69%

-5.53 pp from 2016

Benchmarks

See 101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort101 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.76B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$93K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

18,915

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

90.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$89.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.36%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$65

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL5 years Service code 37 · EIN 04-2647786	Loan Processing	$1,004,747
STRATEGIC ADVISORS, INC.5 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$305,402
NEPC, LLC5 years Service code 27 · EIN 26-1429809	Advisory (Plan)	$154,766
BKD, LLP5 years Filed as: BKD LLP Service code 10 · EIN 44-0160260	Accounting	$71,240
FISHER & PHILLIPS3 years Service code 29 · EIN 58-0619559	Legal	$48,114

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

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Plan features & details

Pension benefit codes2E2F2G2J2K2O2R2T3J

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.6M

$105 / participant

Investment mgmt$305K19.3%
Other / not subdivided$1M80.7%

% of EOY assets

0.100%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,001

$138,331-45.8%

$86,717-13.5%

$89,433-16.1%

Participation rate

62.3%

88.9%-26.6pp

76.6%-14.3pp

71.3%-9.0pp

Annual return

-16.69%

-11.72%-5.0pp

35.97%-52.7pp

-11.88%-4.8pp

Employer contribution / active EE

$2,515

$4,812-47.7%

$2,837-11.4%

$3,021-16.8%

Participant deferral / active EE

$3,878

$8,027-51.7%

$4,657-16.7%

$5,125-24.3%

Admin fee / account holder

$75

$64+17.4%

$7,494-99.0%

$79-5.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Service code 37 · EIN 04-2647786

Loan Processing

$1,004,747

STRATEGIC ADVISORS, INC.5 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$305,402

NEPC, LLC5 years

Service code 27 · EIN 26-1429809

Advisory (Plan)

$154,766

BKD, LLP5 years

Filed as: BKD LLP

Service code 10 · EIN 44-0160260

Accounting

$71,240

FISHER & PHILLIPS3 years

Service code 29 · EIN 58-0619559

Legal

$48,114

NEWELL BRANDS EMPLOYEE SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEWELL BRANDS EMPLOYEE SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion