Berlin Packaging 401(k) match, vesting and fees
What Berlin Packaging's 401(k) plan says about matching contributions
The Company may elect to make discretionary matching contributions. To be eligible for discretionary matching contributions, employees must be employed on the last day of the plan year. For the years ended December 31, 2024 and 2023, the Company matched 50% of the first 6% of eligible compensation that a participant contributes to the Plan.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | 2024 audit report, p. 32 ↗ |
| Automatic enrollment | The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan. Automatically enrolled participants have their deferral rate set at 6% of eligible compensation and their contributions are invested in a designated balanced fund until changed by the participant. Automatically enrolled participants have their deferral rate increased at a rate of 1% per year on February 1st up to a maximum of 10% of eligible compensation, unless otherwise elected by the participant. | 2024 audit report, p. 32 ↗ |
| Roth contributions | Participants are permitted to designate a portion or all of their deferral contributions as Roth 401(k) contributions. | 2024 audit report, p. 31 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to the maximum equal to the lesser of $50,000 or 50% of their vested account balance, less defaulted loans (if any). Participants can have only 1 loan outstanding at any time. The loans are secured by the balances in the participants’ accounts, and the current portfolio bears interest at rates that range from 4.25% to 9.50%, which are commensurate with local prevailing rates as determined by the plan administrator. The term of the loan may not exceed 5 years or 10 years if the loan proceeds will be used to acquire the principal residence of the participant. | 2024 audit report, p. 33 ↗ |
| Recordkeeper | Fidelity Investments Institutional | 2025 Schedule C ↗ |
| Independent auditor | Sikich Cpa LLC (unmodified opinion, limited scope) | 2025 Schedule H ↗ |
| Plan type and status | 401(k) · Active | 2025 Form 5500 ↗ |
Match, vesting and other plan features are from the plan year 2024 filing's audit report (the latest one extracted so far). Rows cited to the Form 5500 and its schedules are from the plan year 2025 filing.
How the plan compares
Plan year 2025 medians for 79 defined-contribution plans in wholesale trade with 1,000 to 4,999 participants.
| Berlin Packaging: employer contribution per participant | $2,134 | |
| Peer median | $2,178 |
| Berlin Packaging: average balance | $157,123 | |
| Peer median | $89,313 |
| Berlin Packaging: admin expenses ÷ assets | 0.14% | |
| Peer median | 0.14% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $130M at the end of plan year 2021 to $192M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 1,238 | $192M | $2.6M | $2,134 | 0.14% | Not published | Form 5500 ↗ |
| 2024 | 1,200 | $160M | $2.5M | $2,164 | 0.17% | Quoted in the audit report, p. 32 ↗ | Form 5500 ↗ |
| 2023 | 1,200 | $138M | $2.6M | $2,204 | 0.19% | Not published | Form 5500 ↗ |
| 2022 | 1,293 | $121M | $2.4M | $1,877 | 0.18% | Not published | Form 5500 ↗ |
| 2021 | 1,199 | $130M | $2.1M | $1,864 | 0.20% | Not published | Form 5500 ↗ |
Common questions
Does Berlin Packaging match 401(k) contributions?
The audit report attached to the Berlin Packaging L.L.C. 401(k) Plan's plan year 2024 Form 5500, page 32 says: “The Company may elect to make discretionary matching contributions. To be eligible for discretionary matching contributions, employees must be employed on the last day of the plan year. For the years ended December 31, 2024 and 2023, the Company matched 50% of the first 6% of eligible compensation that a participant contributes to the Plan.” Plan terms may have changed; check your current Summary Plan Description.
When is the Berlin Packaging 401(k) match vested?
The vesting schedule for the Berlin Packaging L.L.C. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Berlin Packaging 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Fidelity Investments Institutional. The plan administrator is Berlin Packaging L.L.C..
I left Berlin Packaging. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Berlin Packaging L.L.C., (312) 869-7566) or the recordkeeper, Fidelity Investments Institutional. The Berlin Packaging old 401(k) page lists the contacts from every plan filing. Find an old Berlin Packaging 401(k)
Data from the public Form 5500 annual reports Berlin Packaging filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Berlin Packaging. Not financial advice. Report a correction · Methodology