Dart Container of Michigan 401(k) match, vesting and fees
What Dart Container of Michigan's 401(k) plan says about matching contributions
Participants with more than one year of service are eligible to receive company matching contributions. The Company is required to make matching contributions of 100 percent of compensation deferred by the participant up to 3 percent of a participant's eligible compensation, plus 50 percent of eligible compensation deferred by the participant that is between 3 and 5 percent of a participant's eligible compensation. Matching contributions are paid by March 31 of the following year. Participants are immediately vested in their contributions, rollover contributions, and safe harbor matching contributions plus actual earnings thereon.
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 | Audit report, p. 28 ↗ |
| Match vesting | Participants are immediately vested in their contributions, rollover contributions, and safe harbor matching contributions plus actual earnings thereon. Vesting in the portion of their accounts related to discretionary contributions plus actual earnings thereon is based on years of credited service. Participants vest in these discretionary contributions based on a tiered schedule ranging from five to six years, varying based on the participating employer. See the plan document for a complete description of the vesting schedules. | Audit report, p. 29 ↗ |
| Loans | Participants may borrow from their accounts up to a maximum of 50 percent of their account balances, not to exceed $50,000. Notes receivable are collateralized by the participant's account balance and bear interest at a market rate. | Audit report, p. 29 ↗ |
| Recordkeeper | Vanguard Group, Inc. | Schedule C ↗ |
| Independent auditor | Plante Moran, PLLC (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.
How the plan compares
Plan year 2024 medians for 203 defined-contribution plans in manufacturing with 10,000 to 49,999 participants.
| Dart Container of Michigan: employer contribution per participant | $2,443 | |
| Peer median | $3,733 |
| Dart Container of Michigan: average balance | $80,796 | |
| Peer median | $157,962 |
| Dart Container of Michigan: admin expenses ÷ assets | 0.09% | |
| 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 $962M at the end of plan year 2023 to $1B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 15,485 | $1B | $31.2M | $2,443 | 0.09% | Quoted in the audit report, p. 28 ↗ | Form 5500 ↗ |
| 2023 | 16,342 | $962M | $30.6M | $3,044 | 0.09% | Not published | Form 5500 ↗ |
Common questions
Does Dart Container of Michigan match 401(k) contributions?
The audit report attached to the Dart Container Corporation Employees' 401(k) Plus Plan's plan year 2024 Form 5500, page 28 says: “Participants with more than one year of service are eligible to receive company matching contributions. The Company is required to make matching contributions of 100 percent of compensation deferred by the participant up to 3 percent of a participant's eligible compensation, plus 50 percent of eligible compensation deferred by the participant that is between 3 and 5 percent of a participant's eligible compensation. Matching contributions are paid by March 31 of the following year. Participants are immediately vested in their contributions, rollover contributions, and safe harbor matching contributions plus actual earnings thereon.” Plan terms may have changed; check your current Summary Plan Description.
When is the Dart Container of Michigan 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 29 says: “Participants are immediately vested in their contributions, rollover contributions, and safe harbor matching contributions plus actual earnings thereon. Vesting in the portion of their accounts related to discretionary contributions plus actual earnings thereon is based on years of credited service. Participants vest in these discretionary contributions based on a tiered schedule ranging from five to six years, varying based on the participating employer. See the plan document for a complete description of the vesting schedules.”
Who manages the Dart Container of Michigan 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Vanguard Group, Inc.. The plan administrator is Dart Container of Michigan LLC.
I left Dart Container of Michigan. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Dart Container of Michigan LLC, (517) 676-3800) or the recordkeeper, Vanguard Group, Inc.. The Dart Container of Michigan old 401(k) page lists the contacts from every plan filing. Find an old Dart Container of Michigan 401(k)
Data from the public Form 5500 annual reports Dart Container of Michigan filed with the U.S. Department of Labor (plan years 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 Dart Container of Michigan. Not financial advice. Report a correction · Methodology