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FORM 5500 DATA

The Estee Lauder Companies 401k Savings Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan07/01/1979
  • Net Assets as of 12/31/2019 $2,026,522,366
  • Plan Number2
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants13,078
  • Retired or separated participants receiving benefits18
  • Other retired or separated participants entitled to future benefits6,021
  • Subtotal19,117
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits55
  • Total19,172
  • Total number of participants as of 01/01/201919,413
  • Number of participants with account balances17,516
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • Address28 W. 23Rd Street, 8th Floor
  • CityNew York
  • StateNY
  • Zip10010
  • Telephone(212) 572-4200
  • EIN13-1871348
  • Industry Code339900

Plan Administrator Information

  • Administrator NameThe Estee Lauder Inc. Employee Benefits Committee
  • Address28 W. 23Rd Street, 8th Floor
  • CityNew York
  • StateNY
  • Zip10010
  • Telephone(212) 572-4200
  • Administrator EIN13-3430484

Audit Information

  • Audit StatusAudited
  • AuditorGrant Thornton LLP
  • Auditor EIN03-6605558
  • 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.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.

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 $25,000,000
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 $523,446,207
Contributions $130,572,601
Cash Contributions $130,572,601
Cash from Employers $42,396,521
Cash from Participants $81,637,249
Others (including rollovers) $6,538,831
Noncash Contributions $0
Total Earnings on Investments $392,674,228
Total Interest $1,469,539
Interest-Bearing Cash $222,816
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,246,723
Interest from Other Investments $0
Total Dividends $8,349,388
Preferred Stock $0
Common Stock $751,269
Rents $0
Net gain (loss) on sale of assets $10,531,328
Aggregate Proceeds $65,477,267
Aggregate Carrying Amount $54,945,939
Total Unrealized Appreciation (depreciation) of assets $16,081,938
Real Estate $0
Other $16,081,938
Net investment gain (loss) from common/collective trusts $301,974,110
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 $54,267,925
Other Income $199,378
Expenses $142,022,303
Total Benefit Payments $139,753,457
Directly to participants or beneficiaries, including direct rollovers $139,753,457
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $2,268,846
Professional Fees $270,521
Contract Administrator Fees $813,238
Investment Advisory and management fees $1,185,087
Other Administrative Fees $0
Net Income $381,423,904
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 $2,029,407,647 $1,645,910,795 23.30%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $6,224,305 $8,695,038 -28.42%
Employer Contributions $4,070,422 $6,437,936 -36.77%
Participant Contributions $1,946,243 $2,046,131 -4.88%
Other Contributions $207,640 $210,971 -1.58%
General Investments $10,809,708 $7,785,773 38.84%
Interest-bearing cash $10,809,708 $7,785,773 38.84%
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 $106,758,801 $89,123,404 19.79%
Preferred $0 $0 0.0%
Common $106,758,801 $89,123,404 19.79%
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 $28,538,765 $27,948,590 2.11%
Value of interest in common/collective trusts $1,492,645,851 $1,183,867,298 26.08%
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 $384,430,217 $328,490,692 17.03%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
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 $2,885,281 $812,333 255.18%
Benefit Claims Payable (1) $2,014,823 $231,864 768.97%
Operating Payables (1) $870,458 $580,469 49.96%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $2,026,522,366 $1,645,098,462 23.19%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • The Vanguard Group Inc
  • Dodge & Cox
  • Dimensional Fund Advisors
  • Fidelity Management and Research Co
  • Loomis Sayles and Company
  • Alight Financial Solutions, LLC
  • Northern Trust Corporation

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
Arrowmark Partners Investment management, Securities brokerage, Direct payment from the plan, Investment management fees paid directly by plan, Soft dollars commissions NONE $1,003,238 $0 $1,003,238
Alight Solutions Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan NONE $804,197 $0 $804,197
The Northern Trust Company Custodial (securities), Direct payment from the plan NONE $207,707 $0 $207,707
Towers Watson Actuarial, Direct payment from the plan NONE $142,408 $0 $142,408
Grant Thornton LLP Accounting (including auditing), Direct payment from the plan NONE $62,815 $0 $62,815
State Street Global Advisors Trust Custodial (securities), Direct payment from the plan, Investment management fees paid directly by plan, Investment management fees paid indirectly by plan NONE $38,348 $0 $38,348
Jp Morgan Investment Management Inv Investment advisory (plan), Investment management, Investment management fees paid indirectly by plan NONE $0 $0 $0
Total $2,258,713 $0 $2,258,713

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Jpmorgan Investment Management Inc Smartretirement 2055 Investment management fees paid indirectly by plan 0.52% $0
Jpmorgan Investment Management Inc Smartretirement 2050 Investment management fees paid indirectly by plan 0.52% $0
Jpmorgan Investment Management Inc Smartretirement 2020 Investment management fees paid indirectly by plan 0.44% $0
Jpmorgan Investment Management Inc Smartretirement 2025 Investment management fees paid indirectly by plan 0.50% $0
Jpmorgan Investment Management Inc Smartretirement 2030 Investment management fees paid indirectly by plan 0.52% $0
Jpmorgan Investment Management Inc Smartretirement 2035 Investment management fees paid indirectly by plan 0.52% $0
Jpmorgan Investment Management Inc Smartretirement 2040 Investment management fees paid indirectly by plan 0.52% $0
Jpmorgan Investment Management Inc Smartretirement 2045 Investment management fees paid indirectly by plan 0.52% $0
Jpmorgan Investment Management Inc Smartretirement 2060 Investment management fees paid indirectly by plan 0.49% $0
Jp Morgan Investment Management Inc Smartretirement Income Investment management fees paid indirectly by plan 0.40% $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
Fidelity Growth Commingled Fund Fidelity Management Trust Company DFE: Common/Collective Trust $399,943,568
S&P 500 Flagship Series A State Street Global Advisors Trust Company DFE: Common/Collective Trust $173,095,222
Jpmorgan Smart Retirement 2030 Fund Jpmorgan Chase Bank, Na DFE: Common/Collective Trust $118,241,497
Jpmorgan Smart Retirement 2035 Fund Jpmorgan Chase Bank, Na DFE: Common/Collective Trust $116,966,042
Jpmorgan Smart Retirement 2045 Fund Jpmorgan Chase Bank, Na DFE: Common/Collective Trust $115,935,012
Jpmorgan Smart Retirement 2050 Fund Jpmorgan Chase Bank, Na DFE: Common/Collective Trust $115,021,174
Jpmorgan Smart Retirement 2040 Fund Jpmorgan Chase Bank, Na DFE: Common/Collective Trust $112,098,073
Jpmorgan Smart Retirement 2025 Fund Jpmorgan Chase Bank, Na DFE: Common/Collective Trust $108,976,098
Jpmorgan Smart Retirement 2020 Fund Jpmorgan Chase Bank, Na DFE: Common/Collective Trust $79,988,969
Jpmorgan Smart Retirement Income Fd Jpmorgan Chase Bank, Na DFE: Common/Collective Trust $72,146,763
Loomis Sayles Core Discretion Bond Loomis, Sayles & Company DFE: Common/Collective Trust $45,209,915
Jpmorgan Smart Retirement 2055 Fund Jpmorgan Chase Bank, Na DFE: Common/Collective Trust $26,627,135
Us Short-Term Govt/Credit Bond Fund State Street Global Advisors Trust Company DFE: Common/Collective Trust $4,931,438
Jpmorgan Smart Retirement 2060 Fund Jpmorgan Chase Bank, Na DFE: Common/Collective Trust $3,464,945
Total $1,492,645,851

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.