401(k) · DOL Form 5500 · 2023
Sonoco Products Company 401(k) Plan
Data updated 2026-08-11
- $1.0B
- Total assets
- 9,037
- Participants
- 99th
- Percentile by assets
- $111,265
- Avg per participant
Official DOL plan name: Sonoco Retirement & Savings Plan · Sponsored by Sonoco Products Company · South Carolina · Manufacturing
$1.0B in assets, 9,037 participants
Sonoco Products Company's Sonoco Retirement & Savings Plan reported $1.0B in total assets and 9,037 participants in its 2023 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 127,072 plans)
- #18,268 in Manufacturing (18,722 peers)
Coverage in South Carolina
Sonoco Retirement & Savings Plan covers 9,037 participants in South Carolina, 25x the typical South Carolina plan (state average ~369 per filing). Assets: $1.0B.
- $1.0B
- total plan assets (2023 EOY)
- 9,037
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $111,265
- avg assets per participant
The plan reported a net loss of $61M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Sonoco Retirement & Savings Plan reported net income rose from -$231M in the plan year 2022 filing to -$61M in the plan year 2023 filing.
- Sonoco Retirement & Savings Plan end-of-year assets fell from $1.2B in the plan year 2022 filing to $1.0B in the plan year 2023 filing.
- Sonoco Retirement & Savings Plan reported participants fell from 9,714 in the plan year 2022 filing to 9,037 in the plan year 2023 filing.
Participants vs South Carolina filers
In South Carolina, the average filing covers about 369 participants across 1,490 plans. Sonoco Retirement & Savings Plan reports 9,037 participants - 25x that state average ($1.0B EOY assets).
South Carolina filing particulars
| Total Assets (Beginning of Year) | $1.0B |
|---|---|
| Net Assets (End of Year) | $1.0B |
| Net Income | -$61M |
| 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 $4.1B · 14,439
- The Savannah River Nuclear Solutions, LLC Defined Contribution Plan $2.5B · 8,661
- Sonoco Retirement & Savings Plan $1.6B · 11,311
- Sonoco Retirement & Savings Plan $1.3B · 10,614
- Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan $1.3B · 11,348
Scale composition for Sonoco Retirement & Savings Plan
Sonoco Retirement & Savings Plan reports $1.0B in end-of-year assets across 9,037 participants (0.008% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.010% of 93,925,755 covered participants) - about $111,265 per participant (80% of the national average assets-per-participant) . Net income for plan year 2023 was -$61M.
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 | Open filing |
| 2023 | 10,614 | $1.3B | Open filing |
| 2023 | 9,037 | $1.0B | This page |
| 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.
- Fti Consulting, Inc. 401(k) Plan (MD) $1.0B · 4,159
- Mckee Foods Retirement Plan (TN) $1.0B · 7,186
- Trustage 401(k) Plan for Non-Represented Employees (WI) $1.0B · 3,501
- Infor 401(k) Savings Plan (GA) $1.0B · 4,741
Frequently Asked Questions
How did Sonoco Retirement & Savings Plan assets move in 2023? ▼
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