Georgia › Manufacturing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Newell Brands Consolidated Pension Plan
Sponsored by Newell Operating Company, Atlanta, GA
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Newell Brands Consolidated Pension Plan is a cash balance pension plan sponsored by Newell Operating Company of Atlanta, Georgia. For the plan year ending 31 Dec 2024 it reported 11,348 participants, 864 of them active, and net assets of $634M.
Net assets came to $55,825 per participant, well below the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and below the $67,961 median for defined benefit plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 13 service provider organisations paid $5,000 or more, with reported compensation of $2.3M: $205 per participant, below the same-size median of $232. Administrative expenses charged to the plan were $3.5M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $627M in 2009 to $634M in 2024 (up 1%), and participants from 30,126 to 11,348 (down 62%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $55,825 | $87,623 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $9,468 | $6,915 | $10,244 |
| Schedule C compensation per participant | $205 | $232 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.37% | 0.30% | 0.47% | 0.42% |
| Administrative expenses per participant | $305 | $396 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 plans), manufacturing (1,532) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 11,348 | $634M | $55,825 | — | — | $2.3M |
| 2023 | 12,048 | $675M | $56,018 | — | — | $3.4M |
| 2022 | 19,135 | $843M | $44,031 | — | — | $2.5M |
| 2021 | 19,987 | $1.13B | $56,664 | — | — | $3.8M |
| 2020 | 20,770 | $1.17B | $56,145 | — | — | $5.2M |
| 2019 | 32,305 | $1.23B | $38,020 | — | — | $6.1M |
| 2018 | 33,488 | $1.10B | $32,871 | — | — | $6.5M |
| 2017 | 34,326 | $1.27B | $36,982 | — | — | $5.2M |
| 2016 | 20,358 | $669M | $32,867 | — | — | $5.1M |
| 2015 | 20,861 | $680M | $32,612 | — | — | $6.4M |
| 2014 | 23,682 | $818M | $34,550 | $70.0M | — | $5.0M |
| 2013 | 27,941 | $830M | $29,719 | — | — | $4.8M |
| 2012 | 28,531 | $807M | $28,272 | $123M | — | $5.3M |
| 2011 | 28,883 | $660M | $22,843 | $40.5M | — | $4.6M |
| 2010 | 29,481 | $643M | $21,813 | $5.0M | $0 | $5.0M |
| 2009 | 30,126 | $627M | $20,812 | $50.0M | — | $3.1M |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$674,906,224
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$10,509,120
- Benefits paid$48,453,881
- Administrative expenses$3,461,102
- Total expenses$51,914,983
- Net income−$41,405,863
- Net transfers$0
- Net assets, end of year$633,500,361
Participants
- Active participants864
- Retired or separated, receiving benefits4,867
- Retired or separated, entitled to future benefits4,509
- Total participants, end of year11,348
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Conduent HR Services, LLC | Recordkeeping and information management | $698,788 | $0 |
| New York Life Investment Management | Trustee (bank, trust company, or similar financial institution) | $406,000 | $0 |
| Mercer | Plan Administrator | $298,945 | $0 |
| Northern Trust Company | Trustee (bank, trust company, or similar financial institution) | $258,871 | $0 |
| Nisa Investment Advisors | Investment advisory (plan) | $199,592 | $0 |
| Income Research & Management Collec | Investment management | $107,555 | $0 |
| BlackRock | Trustee (bank, trust company, or similar financial institution) | $89,073 | $0 |
| BlackRock | Trustee (bank, trust company, or similar financial institution); Trustee (discretionary); Investment management | $88,470 | $0 |
| Fisher & Phillips | Investment management | $63,589 | $0 |
| Forvis Mazars, LLP | Accounting (including auditing) | $62,160 | $0 |
| State Street Research & Management | Investment management | $25,687 | $0 |
| Atessa Benefits, Inc. | Consulting (general) | $14,325 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 1 smaller rows are not shown. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$1,129,345
- Trustee and custodial fees$753,944
- Recordkeeping fees$698,788
- Investment advisory and management fees$501,180
- Actuarial fees$298,945
- Contract administrator fees$78,900
- Total administrative expenses$3,461,102
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$385M · 60.7%
- Registered investment companies (mutual funds)$105M · 16.6%
- Corporate debt instruments$71.5M · 11.3%
- U.S. Government securities$59.0M · 9.3%
- Other investments$8.4M · 1.3%
- Receivables$2.2M · 0.3%
- Insurance company general account$1.9M · 0.3%
- Partnership/joint venture interests$1.3M · 0.2%
- Corporate stocks$45K · 0.0%
- Real estate$20K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmForvis Mazars
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $20,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1CCash balance or similar plan1IFrozen plan3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 339900: Other Miscellaneous Mfg.
Other plans of Newell Operating Company
| Plan | Participants | Net assets |
|---|---|---|
| Newell Brands Employee Savings Plan | 19,821 | $1.76B |
Similar plans in Georgia
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| NCR Pension Plan | Cardtronics USA, Inc. | 11,871 | $990M | $83,387 |
| Southwire Company Hourly Pension Plan | Southwire Company, LLC | 6,136 | $145M | $23,577 |
| Georgia-Pacific LLC Salaried Pension Plan | Georgia-Pacific LLC | 12,682 | $1.05B | $82,676 |
| Mueller Group, LLC Pension Plan for Selected Employees | Mueller Group, LLC | 4,203 | $285M | $67,768 |
| Georgia-Pacific LLC Hourly Pension Plan | Georgia-Pacific LLC | 34,047 | $3.17B | $92,995 |
| The Combined Alstom Retirement Plan | Ropcor, Inc. | 3,636 | $239M | $65,667 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Newell Brands Consolidated Pension Plan?
11,348 participants at the end of the plan year ending 31 Dec 2024, of whom 864 were active employees, with net assets of $633,500,361. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Newell Operating Company contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $2,325,364 in compensation to service provider organisations, $205 per participant or 0.37% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $3,461,102. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Newell Operating Company. Recordkeeping or administration: Conduent HR Services, LLC and Mercer. Investment advisory or management: Nisa Investment Advisors, Income Research & Management Collec and BlackRock. Trustee or custodian: New York Life Investment Management, Northern Trust Company and BlackRock. The financial statements were audited by Forvis Mazars. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 9 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 36-1953130, plan 001, received 9 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.