401(k) · DOL Form 5500 · 2022
Sonoco Products Company 401(k) Plan
Data updated 2026-08-11
- $1.2B
- Total assets
- 9,714
- Participants
- 99th
- Percentile by assets
- $125,020
- Avg per participant
Official DOL plan name: Sonoco Retirement & Savings Plan · Sponsored by Sonoco Products Company · South Carolina · Manufacturing
$1.2B in assets, 9,714 participants
Sonoco Products Company's Sonoco Retirement & Savings Plan reported $1.2B in total assets and 9,714 participants in its 2022 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 99th percentile by assets (of 139,126 plans)
- #20,255 in Manufacturing (20,602 peers)
Coverage in South Carolina
Sonoco Retirement & Savings Plan covers 9,714 participants in South Carolina, 26x the typical South Carolina plan (state average ~369 per filing). Assets: $1.2B.
- $1.2B
- total plan assets (2022 EOY)
- 9,714
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $125,020
- avg assets per participant
The plan reported a net loss of $231M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs South Carolina filers
In South Carolina, the average filing covers about 369 participants across 1,490 plans. Sonoco Retirement & Savings Plan reports 9,714 participants - 26x that state average ($1.2B EOY assets).
South Carolina filing particulars
| Total Assets (Beginning of Year) | $1.4B |
|---|---|
| Net Assets (End of Year) | $1.2B |
| Net Income | -$231M |
| Employer EIN | 570248420 |
| Plan Effective Date | 1983-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sonoco Products Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 10,406 | $1.3B |
| 2023 | 5 | 40,361 | $5.1B |
| 2024 | 2 | 12,429 | $1.7B |
Nearby 401(k) Plans in South Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Sonoco Retirement & Savings Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
- Michelin 401(k) Savings Plan $3.6B · 13,708
- The Savannah River Nuclear Solutions, LLC Defined Contribution Plan $2.2B · 7,829
- The Milliken Retirement Plan $1.2B · 6,185
- Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan $1.1B · 11,881
- Southeastern Freight Lines Retirement Savings Program $897M · 8,671
Scale composition for Sonoco Retirement & Savings Plan
Sonoco Retirement & Savings Plan reports $1.2B in end-of-year assets across 9,714 participants (0.010% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.010% of 93,925,755 covered participants) - about $125,020 per participant (90% of the national average assets-per-participant) . Net income for plan year 2022 was -$231M.
This plan identity (EIN 570248420, plan #026) has 6 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.2B to $1.7B (+37.0%) while covered participants moved from 9,714 to 11,813 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 9,714 | $1.2B | This page |
| 2023 | 10,614 | $1.3B | Open filing |
| 2023 | 9,037 | $1.0B | Open filing |
| 2023 | 8,758 | $1.2B | Open filing |
| 2023 | 11,311 | $1.6B | Open filing |
| 2024 · index core | 11,813 | $1.7B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Sonoco Retirement & Savings Plan (401(k), $1.7B, 11,813 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Sonoco Retirement & Savings Plan by total assets, not by location.
- The J.M. Smucker Company Employee Savings Plan (OH) $1.2B · 6,402
- Crane Savings and Investment Plan (CT) $1.2B · 5,645
- Hexagon Employee Retirement Savings Plan (AL) $1.2B · 4,237
- Worley Group Inc. 401(k) Plan (TX) $1.2B · 8,399
Frequently Asked Questions
How did Sonoco Retirement & Savings Plan assets move in 2022? ▼
How have Sonoco Products Company plan assets changed over time? ▼
Where does Sonoco Retirement & Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Sonoco Retirement & Savings Plan? ▼
Next read for Sonoco Retirement & Savings Plan
Filing takeaways
Ways to act on Sonoco Retirement & Savings Plan's numbers.
- By total assets, Sonoco Retirement & Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in South Carolina. Compare plans
- Sonoco Products Company's sponsor-wide assets have grown 36.1% since 2022 across 3 plan years on file. More Manufacturing plans