Defined Benefit (Pension) · DOL Form 5500 · 2022

Sonoco Products Company Pension Plan

Data updated 2026-08-11

$40M
Total assets
692
Participants
86th
Percentile by assets
$57,854
Avg per participant
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Official DOL plan name: Sonoco Pension Plan · Sponsored by Sonoco Products Company · South Carolina · Manufacturing

$40M in assets, 692 participants

Sonoco Products Company's Sonoco Pension Plan reported $40M in total assets and 692 participants in its 2022 DOL Form 5500 filing, ranking in the 86th 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.

  • 86th percentile by assets (of 139,126 plans)
  • #16,413 in Manufacturing (20,602 peers)

Where Sonoco Pension Plan sits by assets

Sonoco Pension Plan sits in the top quartile of all filed plans by assets, $40M for 692 participants (~$57,854/participant), down 23.2% in 2022.

$40M
total plan assets (2022 EOY)
692
covered participants
86th
percentile by assets (of 139,126 plans)
$57,854
avg assets per participant

The plan reported a net loss of $12M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Sonoco Pension Plan sits by total assets

Sonoco Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$40,035,000 Top 14% higher than 86% of 139,123 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

State
South Carolina
Industry
Manufacturing

Sonoco Pension Plan vs the 2022 asset distribution

By assets, Sonoco Pension Plan outranks 86% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.4x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$52M
Net Assets (End of Year)$40M
Net Income-$12M
Employer EIN570248420
Plan Effective Date1968-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sonoco Products Company)

$0B$2B$4B$6B 202220232024 $1.25B $1.71B ▲ +36.8%
Total plan assets by year, all Sonoco Products Company plans on file
Year Plans Participants Total Assets
2022 2 10,406 $1.3B
2023 5 40,361 $5.1B
2024 2 12,429 $1.7B

Nearby Defined Benefit (Pension) Plans in South Carolina

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Sonoco Pension Plan vs. nearby Defined Benefit (Pension) plans in South Carolina, assets vs. participants Scatter plot of 6 data points. 010002000300040005000 -101234 Total assets ($B) Participants Sonoco Pension Plan, Total assets ($B): 0.040035 · Participants: 692Sonoco Pension PlanThe Savannah River N…, Total assets ($B): 3.719675199 · Participants: 2366The Savannah River N…Michelin Retirement …, Total assets ($B): 2.082777357 · Participants: 4145Michelin Retirement …Non-Contributory Ret…, Total assets ($B): 1.161191922 · Participants: 4649Non-Contributory Ret…Kennametal Inc. Reti…, Total assets ($B): 0.534650277 · Participants: 619Kennametal Inc. Reti…Waterfront Employers…, Total assets ($B): 0.439607531 · Participants: 1720Waterfront Employers…
Sonoco Pension Plan vs. nearby Defined Benefit (Pension) plans in South Carolina, assets vs. participants
Compare Sonoco Pension Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Sonoco Pension Plan by total assets, not by location.

Frequently Asked Questions

How did Sonoco Pension Plan assets move in 2022? ▼
Sonoco Pension Plan declined sharply - down 23.2% during 2022, from $52M to $40M. Reported net income was -$12M.
How have Sonoco Products Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sonoco Products Company's sponsor-wide assets grew 36.1%, from $1.3B to $1.7B.
Where does Sonoco Pension Plan rank by assets among Form 5500 filers? ▼
Sonoco Pension Plan ranks in the 86th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Sonoco Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Titan Tire Corporation Employees' Pension Plan in IL ($40M, 18 participants).

Next read for Sonoco Pension Plan

Scale reading

Ways to act on Sonoco Pension Plan's numbers.

  • By total assets, Sonoco Pension Plan ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) 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

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 570248420.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.