401(k) · DOL Form 5500 · 2023
Sonoco Products Company 401(k) Plan
Data updated 2026-08-25
- $1.3B
- Total assets Very large vs avg
- 10,614
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $123,706
- Avg per participant Near avg balance/head
Official DOL plan name: Sonoco Retirement & Savings Plan · Sponsored by Sonoco Products Company · South Carolina · Manufacturing
$1.3B in assets, 10,614 participants
Sonoco Products Company's Sonoco Retirement & Savings Plan reported $1.3B in total assets and 10,614 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.
- #18,357 in Manufacturing (18,722 peers)
Coverage in South Carolina
Sonoco Retirement & Savings Plan covers 10,614 participants in South Carolina, 29x the typical South Carolina plan (state average ~369 per filing). Assets: $1.3B.
- #18,357
- in Manufacturing (18,722 peers)
- +10.6%
- assets growth YoY
- 13×
- vs typical plan assets (national mean)
The plan reported a net loss of $49M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Sonoco Retirement & Savings Plan's outsized position by total assets
Sonoco Retirement & Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$1,313,010,355 Top 1% higher than 99% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Sonoco Retirement & Savings Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sonoco Retirement & Savings Plan is a mega filing (10,614 participants), the rightmost band on the breakdown.
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 -$49M in the plan year 2023 filing.
- Sonoco Retirement & Savings Plan reported participants rose from 9,714 in the plan year 2022 filing to 10,614 in the plan year 2023 filing.
- Sonoco Retirement & Savings Plan end-of-year assets rose from $1.2B in the plan year 2022 filing to $1.3B in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 570248420 · Sonoco Products Company PY 2023 · 401(k)
Sonoco Retirement & Savings Plan · $1.3B · 10,614 · 99th
- SCH $1.3B
- SCH 10,614
- SCH 99th
- SCH 401(k)
- SCH near Vsp Retirement Plan
- SCH ind #18357
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in South Carolina →
Sonoco Retirement & Savings Plan in the asset neighbourhood
South Carolina filing particulars
| Total Assets (Beginning of Year) | $1.2B |
|---|---|
| Net Assets (End of Year) | $1.3B |
| Net Income | -$49M |
| Employer EIN | 570248420 |
| Plan Effective Date | 1983-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sonoco Products Company)
Sponsor-wide plan assets over time
All Sonoco Products Company plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.7B 36.131543557252286% vs 2022
- 2024 filing year
| 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.
- 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
- Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan $1.3B · 11,348
- The Milliken Retirement Plan $1.3B · 6,497
Scale composition for Sonoco Retirement & Savings Plan
Sonoco Retirement & Savings Plan reports $1.3B in end-of-year assets across 10,614 participants (0.011% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.011% of 93,925,755 covered participants) - about $123,706 per participant (89% of the national average assets-per-participant) . Net income for plan year 2023 was -$49M.
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 | This page |
| 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)
Sonoco Retirement & Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside South Carolina, the nearest 401(k) by assets is Vsp Retirement Plan in CA ($1.3B); by covered participants it is Kinder Morgan Savings Plan in TX (10,615 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.3B here).
- Vsp Retirement Plan (CA) $1.3B · 5,266
- Skadden Arps Slate Meagher & Flom Savings Plan (NY) $1.3B · 2,793
- Slalom 401(k) Plan (WA) $1.3B · 11,603
- Mcdermott Savings Plan (TX) $1.3B · 3,316
Similar participant headcount
Nearest other-state filings by covered participants (10,614 participants); asset peers above are excluded.
- Kinder Morgan Savings Plan (TX) 10,615 · 1 off
- Kbrwyle Technology 401(k) Plan (TX) 10,619 · 5 off
- Lsc Savings Plan (IL) 10,607 · 7 off
- Questco Companies Retirement Plan (TX) 10,622 · 8 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.