Sonoco Products 401(k) match, vesting and fees
What Sonoco Products' 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 | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Crowe LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 203 defined-contribution plans in manufacturing with 10,000 to 49,999 participants.
| Sonoco Products: employer contribution per participant | $3,231 | |
| Peer median | $3,733 |
| Sonoco Products: average balance | $108,264 | |
| Peer median | $157,962 |
| Sonoco Products: admin expenses ÷ assets | 0.11% | |
| 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 $1.6B at the end of plan year 2023 to $1.7B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 15,889 | $1.7B | $49.7M | $3,231 | 0.11% | Not published | Form 5500 ↗ |
| 2023 | 15,165 | $1.6B | $48.9M | $3,328 | 0.13% | Not published | Form 5500 ↗ |
Other Sonoco Products plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Sonoco Pension Plan
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.
| Independent auditor | Crowe LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Sonoco Pension Plan for Inactive Participants
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.
| Plan type and status | Pension (defined benefit) · Terminated (final filing) | Form 5500 ↗ |
Common questions
Does Sonoco Products match 401(k) contributions?
The match terms for the Sonoco Retirement & Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $49.7M in employer contributions, about $3,231 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Sonoco Products 401(k) match vested?
The vesting schedule for the Sonoco Retirement & Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Sonoco Products 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Sonoco Products Company.
I left Sonoco Products. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Sonoco Products Company, (843) 383-7000) or the recordkeeper, Empower Annuity Insurance Company. The Sonoco Products old 401(k) page lists the contacts from every plan filing. Find an old Sonoco Products 401(k)
Data from the public Form 5500 annual reports Sonoco Products 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 Sonoco Products. Not financial advice. Report a correction · Methodology