Plan Ledger DOL Form 5500 · updated monthly

Spectrum Brands, Inc.401(k)

SPECTRUM BRANDS 401(K) RETIREMENT SAVINGS PLAN · MIDDLETON, WI · plan year 2022

Reported admin expense ratio · 2022
0.17%

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

Spectrum Brands, Inc. reported $659,056 in plan administrative expenses for 2022: 0.17% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,157 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 3 years on file its reported administrative ratio has held roughly steady near 0.171%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,568 comparable plans and shown alongside other manufacturing employers. By assets it is the 87th-largest of 1,936 plans among Wisconsin employers on file, and the 755th of 13,661 in manufacturing. In 2022, employees put in $2.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$350,017,221
Participants with balances4,695
Active participants2,964
Employer contributions$9,356,449
Employee contributions$21,832,963
Employer contribution per active participant$3,157
Average account balance$74,551
Benefits paid to participants$40,681,762
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$337.2M · 3,252 accts · $5.4M emplr
2023$327.8M · 4,686 accts · $7.3M emplr
2022$350.0M · 4,695 accts · $9.4M emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$539,569
Investment management$80,274
Professional / advisory$31,038
Total administrative$659,056
The Spectrum Brands, Inc. 401(k) match · 2022
Employer contribution per active participant$3,157
Median for plans this size$4,065
2024$2,908 per active participant
2023$4,312 per active participant
2022$3,157 per active participant

Spectrum Brands, Inc.'s 2022 employer contribution ran below the $4,065 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$569,226 · 0.17%
2023$504,446 · 0.15%
2022$659,056 · 0.17%
Same employer
Similar plansManufacturing · Wisconsin
Modine Manufacturing Company WI$407.5M · 0.12%
Sub-Zero Group, Inc. WI$382.0M · 0.03%
Zurn LLC WI$367.4M · 0.13%
The Manitowoc Company, Inc. WI$363.2M · 0.09%
Rev Group, Inc. WI$349.6M · 0.13%
Generac Power Systems, Inc WI$343.6M · 0.14%
Brady Corporation WI$342.4M · 0.07%
Great Northern Corporation WI$340.8M · 0.04%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 222423556 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.