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Acco Brands 401(k) retirement plan: the investment options

Does your 401(k) vote the way you would? $284m of the $392m in the Acco Brands plan votes in secret. Fidelity 500 Index Fund, the most common fund in the plans we track, publishes every vote: answer 3 of its ballots, then see your result.

The question on the ballot

As filed

Acco Brands 401(k) match and balances, from the filing

Company money in
about $5,570 per active participant
$7m in plan year 2024
Employees saved
about $8,510 each
$10m in plan year 2024
Average balance
$161,200
2,367 people with a balance
In the plan
$382m
at the end of plan year 2024

Company money is the match plus any other employer contributions, averaged over all 1,218 active participants, including anyone who did not contribute. The filing reports dollars, not the match formula; the plan’s summary plan description states the formula.

SourceThe plan’s annual report to the Department of Labor — Form 5500, Schedule H, plan year 2024 · filed by ACCO BRANDS CORPORATION as “ACCO BRANDS CORPORATION 401(K) PLAN” · EIN 362704017, plan number 002 · search the filings

The Acco Brands 401(k) holds $392m. Of the $284m we could identify from the plan’s own filing, every dollar sits in a fund that publishes no record of how it voted your shares — collective trusts, which unlike a mutual fund file no Form N-PX and leave no public trace of a single vote.

SourceAcco Brands’s own annual retirement-plan filing with the SEC (Form 11-K, Schedule of Assets) · open the filing

What the plan holdsVehicleVoting recordValue
Fidelity Investm entslisted as “Fidelity Contrafund Class K6 **” Collective trust or separate account NONE $49m
Northern Trustlisted as “NT S&P 500 Index **” Collective trust or separate account NONE $42m
T. Rowe Pricelisted as “T. Rowe Price Retirement 2030 Trust (Class F) **” Collective trust or separate account NONE $41m
T. Rowe Pricelisted as “T. Rowe Price Retirement 2035 Trust (Class F) **” Collective trust or separate account NONE $38m
T. Rowe Pricelisted as “T. Rowe Price Capital Appreciation Fund I Class **” Not identified from the filing Not counted either way $30m
T. Rowe Pricelisted as “T. Rowe Price Retirement 2040Trust (Class F) **” Not identified from the filing Not counted either way $28m
Prudential Trust Companylisted as “Core Intermediate Bond Fund **” Collective trust or separate account NONE $25m
T. Rowe Pricelisted as “T. Rowe Price Retirement 2025 Trust (Class F) **” Collective trust or separate account NONE $24m
T. Rowe Pricelisted as “T. Rowe Price Retirement 2045 Trust (Class F) **” Collective trust or separate account NONE $22m
T. Rowe Pricelisted as “T. Rowe Price Retirement 2050 Trust (Class F) **” Collective trust or separate account NONE $13m
Fidelity Investm entslisted as “Fidelity Small Cap Growth K6 Fund **” Not identified from the filing Not counted either way $11m
T. Rowe Pricelisted as “T. Rowe Price Retirement 2055 Trust (Class F) **” Collective trust or separate account NONE $10m

The 12 largest holdings in the plan. “Vehicle” is the description the filing itself gives each investment.

Why there is nothing to show

A mutual fund has to file Form N-PX every year listing every vote it cast on your behalf. A collective investment trust does not. It is a bank-run vehicle sold only inside retirement plans, it is cheaper, and it is now where most 401(k) default money sits — including most target-date funds, which is where savers who never chose anything are put.

So the shares bought with Acco Brands employees’ retirement savings are voted every proxy season — on executive pay, on board seats, on climate and workforce proposals — and there is no public document anywhere recording how. This is not an oversight by Acco Brands; it is what the disclosure rules currently require, which is to say: nothing.

What you can do

Check whether your plan offers any registered fund as an alternative — those publish their records, and you can read them here. If it does not, the menu itself is the thing that has to change, and that is a decision made by the plan’s fiduciary committee, not by you alone.

See how funds that do publish voted →

CoverageWe classified 74.4% of this plan’s assets from the filing. The figure above is the share of the money we could classify; anything we could not identify is excluded from it rather than assumed either way.

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