Employers › Sonoco Products
Recordkeeping fees per participant · Sonoco Retirement & Savings Plan · plan year 2024
$31.41
Higher than 45% of the 790 plans over $1B that report it.
= $482,728 / 15,367
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250827124749NAL0009386049001, received 2025-08-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250827124749NAL0009386049001, received 2025-08-27
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-08-27.
Administrative expenses excluding investment management, per participant
$41.77
Higher than 45% of the 1,045 plans over $1B that report it.
= $641,915 / 15,367
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250827124749NAL0009386049001, received 2025-08-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250827124749NAL0009386049001, received 2025-08-27
Administrative expenses per participant
$114.61
Higher than 77% of the 1,076 plans over $1B that report it.
= $1,761,261 / 15,367
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250827124749NAL0009386049001, received 2025-08-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250827124749NAL0009386049001, received 2025-08-27
Administrative expenses as a share of assets
0.106%
Higher than 88% of the 1,076 plans over $1B that report it.
= $1,761,261 / $1,663,698,617
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250827124749NAL0009386049001, received 2025-08-27
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250827124749NAL0009386049001, received 2025-08-27
Employer contributions per participant
$3,231
Higher than 41% of the 1,135 plans over $1B that report it.
= $49,652,000 / 15,367
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250827124749NAL0009386049001, received 2025-08-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250827124749NAL0009386049001, received 2025-08-27
Employer share of total contributions
37.9%
Higher than 68% of the 1,135 plans over $1B that report it.
= $49,652,000 / $130,929,000
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250827124749NAL0009386049001, received 2025-08-27
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250827124749NAL0009386049001, received 2025-08-27
Employer match
“The Company matches non-union employee contributions 100% on the first 6% of the participant’s pre-tax and/or Roth contributions as a safe harbor matching contribution.”
Form 11-K filed 2026-06-24, for the year ended 2025-12-31 · plan description note, contributions · source document
Vesting
“The majority of participants are vested immediately in both the participant-funded contributions and the Company’s matching contributions, plus actual earnings thereon.”
Form 11-K filed 2026-06-24, for the year ended 2025-12-31 · plan description note, vesting · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250827124749NAL0009386049001, received 2025-08-27
| Field | Value | Source |
|---|---|---|
| Plan sponsor | SONOCO PRODUCTS COMPANY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Plan name | SONOCO RETIREMENT & SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Sponsor EIN / plan number | 57-0248420 / 026 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Sponsor location | HARTSVILLE, SC | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Industry (business code) | 322100, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Filing received | 2025-08-27 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Participants, beginning of year | 15,344 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Active participants | 11,080 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Participants, end of year | 15,889 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Participants with an account balance | 15,367 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Total assets, beginning of year | $1,560,739,492 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Total assets, end of year | $1,663,698,617 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Net assets, end of year | $1,663,698,617 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Total income | $306,961,386 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Net income | $102,959,125 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Employer contributions | $49,652,000 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Participant contributions | $71,778,000 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Other contributions (incl. rollovers) | $9,499,000 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Total contributions | $130,929,000 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Benefit payments | $200,374,222 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Total expenses (incl. benefit payments) | $204,002,261 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Total administrative expenses | $1,761,261 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Contract administrator fees | $47,886 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Recordkeeping fees | $482,728 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| IQPA audit fees | $111,001 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Investment advisory and management fees | $1,119,346 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Administrative expenses excluding investment management | $641,915 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Held in common/collective trusts | $1,569,283,279 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Held in mutual funds | $0 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250827124749NAL0009386049001, received 2025-08-27 |
| Independent auditor | CROWE LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250827124749NAL0009386049001, received 2025-08-27 |
Position = column in the DOL layout for form year 2024. Filing 20250827124749NAL0009386049001, received 2025-08-27.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | NONE | 28 Investment management | $1,119,346 | no |
| EMPOWER ANNUITY INSURANCE COMPANYrecordkeeper | NONE | 15 Recordkeeping and information management; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $482,728 | yes |
| CROWE LLP | NONE | 10 Accounting (including auditing) | $70,144 | no |
| AON CONSULTING INC DBA HEWITT ASSOC | NONE | 13 Contract administrator; 29 Legal | $47,887 | no |
| BDO USA LLP | NONE | 10 Accounting (including auditing) | $40,857 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250827124749NAL0009386049001, received 2025-08-27.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $1,560,739,492 | $1,663,698,617 | 6.6% |
| Participants with a balance | 14,687 | 15,367 | 4.6% |
| Administrative expenses | $1,803,186 | $1,761,261 | -2.3% |
| Recordkeeping fees per participant | $46.11 | $31.41 | -31.9% |
| Employer contributions | $48,875,025 | $49,652,000 | 1.6% |
Prior filing 20240726123813NAL0010207507001, received 2024-07-26; the plan years are contiguous.
Sponsor name as filed: SONOCO PRODUCTS COMPANY; SEC registrant: SONOCO PRODUCTS CO (CIK 91767, matched by EIN; display name from the Form 11-K cover).