Plan Ledger DOL Form 5500 · updated monthly

Newell Operating Company401(k) + ESOP (KSOP)

NEWELL BRANDS EMPLOYEE SAVINGS PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.07%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Newell Operating Company reported $1,229,440 in plan administrative expenses for 2024: 0.07% of average plan assets, above the peer median. Employer contributions averaged $3,856 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.09% to 0.07%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 24th-largest of 2,160 plans among Georgia employers on file, and the 192nd of 13,661 in manufacturing. In 2024, employees put in $1.55 for every $1.00 the employer contributed; active participation has shrunk from 15,115 to 9,070 since 2022.

Plan summary
Net assets, end of year$1,758,536,894
Participants with balances18,915
Active participants9,070
Employer contributions$34,972,605
Employee contributions$54,294,109
Employer contribution per active participant$3,856
Average account balance$92,970
Benefits paid to participants$250,317,812
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.8B · 18,915 accts · $35.0M emplr
2023$1.7B · 19,716 accts · $36.5M emplr
2022$1.6B · 21,038 accts · $38.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$612,737
Investment management$365,147
Audit (IQPA)$77,169
Total administrative$1,229,440
The Newell Operating Company 401(k) match · 2024
Employer contribution per active participant$3,856
Median for plans this size$5,259
2024$3,856 per active participant
2023$3,758 per active participant
2022$2,515 per active participant

Newell Operating Company's 2024 employer contribution ran below the $5,259 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$613,821
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$365,147
NEPC, LLC · Investment advisory (plan)$156,973
FORVIS MAZARS · Accounting / audit$77,169
NEWELL OPERATING COMPANY · Plan administrator$11,121
FISHER & PHILLIPS · Legal$6,292

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$1,229,440 · 0.07%
2023$1,422,397 · 0.09%
2022$1,583,584 · 0.09%
Same employer
Similar plansManufacturing · Georgia
Westrock Company GA$5.0B · 0.07%
Georgia-Pacific LLC GA$4.7B · 0.04%
NCR Corporation GA$1.9B · 0.04%
Novelis Corp. GA$1.5B · 0.08%
Mohawk Carpet, LLC GA$983.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 361953130 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.