Berry Global 401(k) match, vesting and fees
What Berry Global's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Stancorp Financial Group | Schedule C ↗ |
| Independent auditor | Harding Shymanski (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 203 defined-contribution plans in manufacturing with 10,000 to 49,999 participants.
| Berry Global: employer contribution per participant | $1,628 | |
| Peer median | $3,733 |
| Berry Global: average balance | $89,589 | |
| Peer median | $157,962 |
| Berry Global: admin expenses ÷ assets | 0.04% | |
| Peer median | 0.05% |
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 $1.2B at the end of plan year 2021 to $1.1B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 20,171 | $1.1B | $19.9M | $1,628 | 0.04% | Not published | Form 5500 ↗ |
| 2023 | 20,319 | $1.2B | $19.7M | $1,429 | 0.02% | Not published | Form 5500 ↗ |
| 2022 | 20,721 | $1B | $18.8M | $1,329 | 0.02% | Not published | Form 5500 ↗ |
| 2021 | 20,360 | $1.2B | $18.5M | $1,304 | 0.02% | Not published | Form 5500 ↗ |
Other Berry Global plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Berry Global Bargaining Unit 401(k) Plan
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 | The Company makes matching contributions in accordance with the respective collective bargaining agreement governing each of the participants' employment. | Audit report, p. 34 ↗ |
| Match vesting | Participants are vested immediately in their voluntary contributions, Company matching and discretionary nonelective contributions, plus actual earnings thereon. | Audit report, p. 35 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50 percent of their vested account balance. The loans are secured by the balance in the participant’s account. The loan interest rate is set by the Plan administrator in a nondiscriminatory manner, as defined. | Audit report, p. 35 ↗ |
| Recordkeeper | Stancorp Financial Group | Schedule C ↗ |
| Independent auditor | Harding Shymanski (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
Common questions
Does Berry Global match 401(k) contributions?
The match terms for the Berry Global Employees 401(k) Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $19.9M in employer contributions, about $1,628 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Berry Global 401(k) match vested?
The vesting schedule for the Berry Global Employees 401(k) Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Berry Global 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Stancorp Financial Group. The plan administrator is Berry Global, Inc..
I left Berry Global. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Berry Global, Inc., (812) 424-2904) or the recordkeeper, Stancorp Financial Group. The Berry Global old 401(k) page lists the contacts from every plan filing. Find an old Berry Global 401(k)
Data from the public Form 5500 annual reports Berry Global filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) 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 Berry Global. Not financial advice. Report a correction · Methodology