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Stanley Black & Decker, Inc.

Plan Rating
OverviewFinancialsService ProvidersInvestmentsInsurance Information
FORM 5500 DATA

Stanley Black & Decker Retirement Account Plan

Form 5500 Year:

Plan Rating
OverviewFinancialsService ProvidersInvestmentsInsurance Information

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1984
  • Net Assets as of 12/31/2019 $2,088,181,802
  • Plan Number9
  • Plan Type Single Employer
  • Is the plan collectively bargained?Yes
  • 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) Participants17,271
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits6,377
  • Subtotal23,648
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits169
  • Total23,817
  • Total number of participants as of 01/01/201922,708
  • Number of participants with account balances21,118
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested264

Expenses

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

Sponsor Information

  • Address1000 Stanley Drive
  • CityNew Britain
  • StateCT
  • Zip06053
  • Telephone(860) 225-5111
  • EIN06-0548860
  • Industry Code339900
  • Named AdministratorEmily A. Sanford
  • Named Plan SponsorEmily A. Sanford

Audit Information

  • Audit StatusAudited
  • AuditorFiondella Milone, Lasaracina, LLP
  • Auditor EIN06-1648707
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2A Age/Service Weighted or New Comparability or Similar Plan Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New Comparability or Similar Plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate allowed under the permitted disparity rules of section 401(l)
2D Offset plan Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
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.
2P Leveraged ESOP An Employee Stock Ownership Plan (ESOP) that acquires employer securities with borrowed money or other debt-financing techniques.
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? Yes
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? Yes

Financials

Income and Expense Statement
Income $513,939,644
Contributions $92,141,870
Cash Contributions $92,141,870
Cash from Employers $5,678,943
Cash from Participants $75,297,651
Others (including rollovers) $11,165,276
Noncash Contributions $0
Total Earnings on Investments $419,100,419
Total Interest $2,704,268
Interest-Bearing Cash $964,197
U.S. Government Securities $63,802
Corporate Debt Instruments $429,320
Loans (other than to participants) $0
Participant Loans $1,246,949
Interest from Other Investments $0
Total Dividends $8,346,817
Preferred Stock $0
Common Stock $6,478,581
Rents $0
Net gain (loss) on sale of assets $9,788,867
Aggregate Proceeds $364,338,160
Aggregate Carrying Amount $354,549,293
Total Unrealized Appreciation (depreciation) of assets $101,719,340
Real Estate $0
Other $101,719,340
Net investment gain (loss) from common/collective trusts $250,604,299
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 $45,936,828
Other Income $2,697,355
Expenses $205,793,296
Total Benefit Payments $202,901,790
Directly to participants or beneficiaries, including direct rollovers $202,901,790
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $50,552
Interest expense $519,738
Total Administrative Expenses $2,321,216
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $2,321,216
Net Income $308,146,348
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 $2,092,012,283 $1,724,063,816 21.34%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $4,119,106 $569,810 622.89%
Employer Contributions $3,491,280 $0 0.0%
Participant Contributions $565,635 $498,458 13.48%
Other Contributions $62,191 $71,352 -12.84%
General Investments $41,525,348 $33,826,638 22.76%
Interest-bearing cash $41,525,348 $33,826,638 22.76%
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 $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
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 $23,509,834 $22,426,329 4.83%
Value of interest in common/collective trusts $1,440,933,437 $1,117,502,752 28.94%
Value of interest in pooled separate accounts $0 $0 0.0%
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 $134,508,436 $108,498,362 23.97%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $113,829,401 $98,259,304 15.85%
Employer-related Investments $333,586,721 $342,980,621 -2.74%
Employer Securities $333,586,721 $342,980,621 -2.74%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $3,830,481 $17,772,494 -78.45%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $28,049 $25,358 10.61%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $3,802,432 $17,747,136 -78.57%
Net Assets $2,088,181,802 $1,706,291,322 22.38%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Dodge & Cox
  • Neuberger & Berman
  • Bny Mellon Asset Servicing
  • Loomis Sayles Funds

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
Wells Fargo Bank, N.A. Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Direct payment from the plan, Float revenue, Recordkeeping fees Service Provider $1,025,624 $0 $1,025,624
Blackrock Institutional Trust Co Trustee (bank, trust company, or similar financial institution), Trustee (discretionary), Investment management, Direct payment from the plan, Investment management fees paid directly by plan Service Provider $950,228 $0 $950,228
Mellon Capital Management Group Investment management fees paid directly by plan Service Provider $88,709 $0 $88,709
Mellon Investment Corporation Investment management fees paid directly by plan Service Provider $84,402 $0 $84,402
State Street Global Advisors Custodial (other than securities), Custodial (securities), Investment management fees paid directly by plan, Investment management fees paid indirectly by plan, Soft dollars commissions Service Provider $83,831 $0 $83,831
Standish Mellon Asset Management Investment management fees paid directly by plan Service Provider $35,083 $0 $35,083
American United Life Insurance Co. Other insurance wrap fees Service Provider $28,475 $0 $28,475
Reid and Reige, P.C. Legal, Direct payment from the plan Service Provider $12,864 $0 $12,864
Findley Consulting (general), Direct payment from the plan Service Provider $12,000 $0 $12,000
Total $2,321,216 $0 $2,321,216

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

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
Eb Dl Non Sl Stock Index Fd The Bank of New York Mellon DFE: Common/Collective Trust $326,876,813
Blackrock Lifepath Index Retirement Blackrock Institutional Trust Company N.A. DFE: Common/Collective Trust $161,482,461
Blackrock Lifepath Index 2025 Fd F Blackrock Institutional Trust Company N.A. DFE: Common/Collective Trust $157,716,135
Blackrock Lifepath Index 2030 Fd F Blackrock Institutional Trust Company N.A. DFE: Common/Collective Trust $132,978,861
Blackrock Lifepath Index 2035 Fd F Blackrock Institutional Trust Company N.A. DFE: Common/Collective Trust $112,347,403
U.S. Extended Market Index Nl Sf Cl State Street Bank and Trust Company DFE: Common/Collective Trust $106,558,328
Blackrock Lifepath Index 2040 Fd F Blackrock Institutional Trust Company N.A. DFE: Common/Collective Trust $90,720,187
U.S. Total Market Index Nl Sf Cl State Street Bank and Trust Company DFE: Common/Collective Trust $72,043,937
Blackrock Lifepath Index 2045 Fd F Blackrock Institutional Trust Company N.A. DFE: Common/Collective Trust $58,810,094
Global Equity Ex U.S. Index Nl Cl A State Street Bank and Trust Company DFE: Common/Collective Trust $52,424,480
Blackrock Lifepath Index 2050 Fd F Blackrock Institutional Trust Company N.A. DFE: Common/Collective Trust $45,164,921
Eb Dl Non Sl Aggregate Bond Indx Fd The Bank of New York Mellon DFE: Common/Collective Trust $44,038,260
Blackrock Lifepath Index 2055 Fd F Blackrock Institutional Trust Company N.A. DFE: Common/Collective Trust $28,852,946
Loomis Sayles Core Plus Fixed Inc Loomis Sayles Trust Company, LLC DFE: Common/Collective Trust $15,807,158
Us Intermed Gov Credit Bond Index State Street Bank and Trust Company DFE: Common/Collective Trust $14,531,079
U.S. Inflation Pro Bond Index Nl Sf State Street Bank and Trust Company DFE: Common/Collective Trust $11,594,745
Blackrock Lifepath Index 2060 Fd F Blackrock Institutional Trust Company N.A. DFE: Common/Collective Trust $8,985,629
Blackrock Lifepath Index 2020 Fd F Blackrock Institutional Trust Company N.A. DFE: Common/Collective Trust $0
Total $1,440,933,437

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
American United Life Insurance Company 0
EIN 35-0145825
Industry Code 60895
Contract Number S00007
Contract Year 02/05/2019 — 02/27/2019
Value in General Account at Year End $0
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 $15,921,178
Additions $72,722
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $65,561
Transferred from separate account $0
Other $7,161
Total of Balance and Additions $15,993,900
Deductions $15,993,900
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 $15,993,900
Balance at the end of the current year $0
American United Life Insurance Company 0
EIN 35-0145825
Industry Code 60895
Contract Number S00015
Contract Year 02/27/2019 — 12/31/2019
Value in General Account at Year End $0
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 $0
Additions $20,423,362
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $389,130
Transferred from separate account $0
Other $20,034,232
Total of Balance and Additions $20,423,362
Deductions $4,571,523
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 $4,571,523
Balance at the end of the current year $15,851,839
Pacific Life Insurance Company, Inc. 0
EIN 95-1079000
Industry Code 67466
Contract Number G-027802
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
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 $20,460,085
Additions $3,678,278
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $678,278
Transferred from separate account $0
Other $3,000,000
Total of Balance and Additions $24,138,363
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 $24,138,363
Rga Reinsurance Company 0
EIN 43-1235868
Industry Code 93572
Contract Number RGA00093
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
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 $20,490,210
Additions $4,905,710
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $655,710
Transferred from separate account $0
Other $4,250,000
Total of Balance and Additions $25,395,920
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 $25,395,920
Transamerica Premier Life Insurance Company 0
EIN 52-0419790
Industry Code 66281
Contract Number MDA01335TR
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
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 $20,402,069
Additions $4,923,438
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $673,438
Transferred from separate account $0
Other $4,250,000
Total of Balance and Additions $25,325,507
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 $25,325,507
Voya Retirement Insurance and Annuity Co. 0
EIN 71-0294708
Industry Code 86509
Contract Number 060486
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
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 $20,890,058
Additions $2,138,010
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $638,010
Transferred from separate account $0
Other $1,500,000
Total of Balance and Additions $23,028,068
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 $23,028,068