New York › Manufacturing › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Dec 2024 to 30 Nov 2025
The Avon Company Personal Retirement Account Plan
Sponsored by The Avon Company, New York, NY
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.
In the plan year ending 30 Nov 2025, The Avon Company Personal Retirement Account Plan covered 3,580 participants and held $260M in net assets. The plan is a cash balance pension plan sponsored by The Avon Company of New York, New York.
Net assets came to $72,753 per participant, below the $87,371 median for defined benefit plans with 1,000 to 4,999 participants and above the $68,040 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 6 service provider organisations paid $5,000 or more, with reported compensation of $1.2M: $322 per participant, close to the same-size median of $324. Administrative expenses charged to the plan were $1.5M. 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 $366M in 2017 to $260M in 2024 (down 29%), and participants from 6,256 to 3,580 (down 43%).
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 | $72,753 | $87,371 | $68,040 | $86,073 |
| Employer contributions per active participant | — | $10,551 | $6,912 | $10,170 |
| Schedule C compensation per participant | $322 | $324 | $305 | $344 |
| Schedule C compensation, share of net assets | 0.44% | 0.41% | 0.48% | 0.43% |
| Administrative expenses per participant | $428 | $513 | $499 | $526 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,558 plans), manufacturing (1,556) and all US plans (5,366). 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 | 3,580 | $260M | $72,753 | — | — | $1.2M |
| 2023 | 3,769 | $268M | $71,021 | — | — | $1.2M |
| 2022 | 4,009 | $269M | $67,074 | — | — | $1.3M |
| 2021 | 4,226 | $289M | $68,414 | — | — | $1.4M |
| 2020 | 4,455 | $386M | $86,554 | — | — | $1.9M |
| 2019 | 4,731 | $415M | $87,710 | $0 | — | $1.7M |
| 2017 | 6,256 | $366M | $58,564 | $9.8M | — | $842K |
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$267,679,292
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions—
- Total income, including investment results$17,804,825
- Benefits paid$23,496,865
- Administrative expenses$1,532,286
- Total expenses$25,029,151
- Net income−$7,224,326
- Net transfers$0
- Net assets, end of year$260,454,966
Participants
- Active participants154
- Retired or separated, receiving benefits1,297
- Retired or separated, entitled to future benefits2,035
- Total participants, end of year3,580
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Mercer HR Outsourcing | Investment management fees paid directly by plan; Investment management fees paid indirectly by plan | $471,656 | $0 |
| Telus Health | Recordkeeping and information management | $343,348 | $0 |
| Aon Consulting | Actuarial | $166,280 | $0 |
| Northern Trust Company | Investment management; Trustee (bank, trust company, or similar financial institution) | $117,664 | $0 |
| Cohnreznick LLP | Accounting (including auditing) | $42,000 | $0 |
| State Street Research | Investment management fees paid directly by plan; Investment management fees paid indirectly by plan | $10,638 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 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$932,328
- Investment advisory and management fees$599,958
- Total administrative expenses$1,532,286
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$260M · 99.8%
- Cash (interest and non-interest bearing)$552K · 0.2%
- Receivables$1,997 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCohnreznick LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- Blackout period during the yearNo
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 plan3HPlan sponsor(s) is (are) a member(s) of a controlled group3JU.S.-based plan that covers residents of Puerto Rico and is qualified under both codes
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 339900: Other Miscellaneous Mfg.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Seneca Foods Corporation Employees' Pension Benefit Plan | Seneca Foods Corporation | 3,596 | $293M | $81,513 |
| Retirement Pension Plan for Employees of JPS Industries Holdings LLC | JPS Industries Holdings LLC | 3,386 | $56.7M | $16,733 |
| Magnetek Flexcare Plus Retirement Pension Plan | Magnetek, Inc. | 3,951 | $93.2M | $23,582 |
| Chanel, Inc. Pension Plan | Chanel Inc. | 3,077 | $376M | $122,242 |
| Diageo North America, Inc. Cash Balance Pension Plan | Diageo North America, Inc. | 4,189 | $530M | $126,464 |
| LVMH Affiliates' Retirement Plan | LVMH Moet Hennessy Louis Vuitton Inc. | 3,016 | $311M | $102,992 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is The Avon Company Personal Retirement Account Plan?
3,580 participants at the end of the plan year ending 30 Nov 2025, of whom 154 were active employees, with net assets of $260,454,966. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,558 plans in plan year 2024.
What does The Avon 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 $1,151,586 in compensation to service provider organisations, $322 per participant or 0.44% of net assets. The same-size median among plans reporting any Schedule C compensation was $324 per participant. Administrative expenses on Schedule H were $1,532,286. 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 The Avon Company. Recordkeeping or administration: Telus Health. Investment advisory or management: Northern Trust Company. Trustee or custodian: Northern Trust Company. The financial statements were audited by Cohnreznick LLP. 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 Dec 2024 to 30 Nov 2025, received by the Department of Labor on 15 Sep 2026. 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 Sep 2026. This page shows the latest filing on record for EIN 81-1144649, plan 002, received 15 Sep 2026; 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.