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FORM 5500 DATA

S.C. Johnson & Son, Inc. Employees' Deferred Profit Sharing and Savings Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan06/26/1953
  • Net Assets as of 12/31/2019 $1,343,118,754
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants2,878
  • Retired or separated participants receiving benefits127
  • Other retired or separated participants entitled to future benefits1,202
  • Subtotal4,207
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total4,207
  • Total number of participants as of 01/01/20194,166
  • Number of participants with account balances4,149
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested95

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address1525 Howe Street
  • CityRacine
  • StateWI
  • Zip53403
  • Telephone(262) 260-2000
  • EIN39-0379990
  • Industry Code325600

Plan Administrator Information

  • Administrator NameBenefits Administration Committee
  • Address1525 Howe Street
  • CityRacine
  • StateWI
  • Zip53403-0000
  • Telephone(262) 260-2000
  • Administrator EIN39-1246792

Audit Information

  • Audit StatusAudited
  • AuditorBaker Tilly Virchow Krause, LLP
  • Auditor EIN39-0859910
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
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.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all 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 A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $20,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $307,472,003
Contributions $70,229,500
Cash Contributions $70,229,500
Cash from Employers $33,183,996
Cash from Participants $32,188,424
Others (including rollovers) $4,857,080
Noncash Contributions $0
Total Earnings on Investments $237,242,503
Total Interest $5,172,236
Interest-Bearing Cash $779,295
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $444,617
Interest from Other Investments $3,948,324
Total Dividends $13,243,741
Preferred Stock $0
Common Stock $1,006,016
Rents $0
Net gain (loss) on sale of assets $5,555,954
Aggregate Proceeds $35,911,636
Aggregate Carrying Amount $30,355,682
Total Unrealized Appreciation (depreciation) of assets $11,973,119
Real Estate $0
Other $11,973,119
Net investment gain (loss) from common/collective trusts $119,723,906
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $81,573,547
Other Income $0
Expenses $124,084,933
Total Benefit Payments $122,927,109
Directly to participants or beneficiaries, including direct rollovers $122,927,109
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $206,475
Interest expense $0
Total Administrative Expenses $951,349
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $951,349
Net Income $183,387,070
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $1,343,118,754 $1,159,731,684 15.81%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $809,409 $832,894 -2.82%
Employer Contributions $809,409 $832,894 -2.82%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $30,321,885 $32,307,129 -6.14%
Interest-bearing cash $30,321,885 $32,307,129 -6.14%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $66,517,291 $54,395,306 22.28%
Preferred $0 $0 0.0%
Common $66,517,291 $54,395,306 22.28%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $10,006,589 $10,167,481 -1.58%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $570,612,175 $486,465,518 17.30%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $459,684,773 $378,555,250 21.43%
Value of funds held in insurance co. general account $181,467,369 $176,977,488 2.54%
Other Investments $23,699,263 $20,030,618 18.32%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $1,343,118,754 $1,159,731,684 15.81%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Financial Engines Investment advisory (plan) Advisor $840,599 $0 $840,599
Fidelity Investments Institutional Participant loan processing, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees Recordkeeper $159,540 $0 $159,540
Total $1,000,139 $0 $1,000,139

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Brokerage Link Sub-transfer agency fees Various; Each Fund Family May Offer An Indirect Support Fee Paid To Fidelity Investments $0
Fidelity Investments Institutional Dodge & Cox Income Dst Asset Sub-transfer agency fees .08 $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Northern Trust All County World Ex- Northern Trust DFE: Pooled Separate Account $171,947,562
Northern Trust Corporation S&P 400 Northern Trust DFE: Pooled Separate Account $140,275,044
Fidelity Contrafund Fidelity Investments DFE: Pooled Separate Account $78,157,327
Harris Oakmark Equity and Income - Harris Associates Lp DFE: Pooled Separate Account $62,338,794
Artisan Midcap Institutional Class Artisan Partners DFE: Pooled Separate Account $46,445,993
Northern Trust Russell 2000 Index Northern Trust DFE: Pooled Separate Account $21,229,585
Wedge Midcap Value Cit Fund Wedge Capital Management DFE: Pooled Separate Account $21,103,484
Artisan International Growth Artisan Partners DFE: Pooled Separate Account $20,889,464
Lsv Small Cap Value Fund Lsv Asset Management DFE: Pooled Separate Account $8,224,922
Total $570,612,175

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Pacific Life Insurance Company 0
EIN 95-1079000
Industry Code 00000
Contract Number G-26345
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $90,802,288
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Guaranteed Investment
Balance at the end of the previous year $88,442,398
Additions $2,202,217
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $2,202,217
Transferred from separate account $0
Other $0
Total of Balance and Additions $90,644,615
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $90,644,615
United of Omaha Life Insurance Company 0
EIN 47-0322111
Industry Code 69868
Contract Number SVW-15272
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $90,665,081
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Guaranteed Investment
Balance at the end of the previous year $88,373,586
Additions $2,134,060
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $2,134,060
Transferred from separate account $0
Other $0
Total of Balance and Additions $90,507,646
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $90,507,646