Defined Benefit (Pension) · DOL Form 5500 · 2023

Sonoco Products Company Pension Plan

Data updated 2026-08-25

$44M
Total assets Below avg plan size
641
Participants Below avg headcount
84th
Percentile by assets National rank
$68,011
Avg per participant Below avg balance/head
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Official DOL plan name: Sonoco Pension Plan · Sponsored by Sonoco Products Company · South Carolina · Manufacturing

$44M in assets, 641 participants

Sonoco Products Company's Sonoco Pension Plan reported $44M in total assets and 641 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.

  • #14,447 in Manufacturing (18,722 peers)

Where Sonoco Pension Plan sits by assets

Sonoco Pension Plan sits in the top quartile of all filed plans by assets, $44M for 641 participants (~$68,011/participant), up 8.9% in 2023.

#14,447
in Manufacturing (18,722 peers)
+8.9%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Sonoco Pension Plan's outsized position by total assets

Sonoco Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$43,595,000 Top 16% higher than 84% of 127,068 filed plans

This plan $0 $2,050,000,000 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 2023

Sonoco Pension Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sonoco Pension Plan sits mid-pack in the medium band (641 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sonoco Pension Plan reported net income rose from -$12M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Sonoco Pension Plan end-of-year assets rose from $40M in the plan year 2022 filing to $44M in the plan year 2023 filing.
  • Sonoco Pension Plan reported participants fell from 692 in the plan year 2022 filing to 641 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 570248420 · Sonoco Products Company PY 2023 · Defined Benefit (Pension)

Sonoco Pension Plan · $44M · 641 · 84th

  • BOOK $44M
  • VS-ST 641
  • BOY 84th
  • SCH Defined Benefit (Pension)
  • EBSA near The York Water Company Pension Plan for General and Administrative Employees
  • PART ind #14447

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 Pension Plan in the asset neighbourhood

Xl America, Inc. Retirement PlanXl America, Inc. Retirement …$44MTeamsters Local 237 Welfare Fund Pension PlanTeamsters Local 237 Welfare …$44MSonoco Pension Plan$44MThe York Water Company Pension Plan for General and Administrative EmployeesThe York Water Company Pensi…$44MKellanova Muncy Pension Plan$43M
End-of-year total assets ($M) among Sonoco Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$40M
Net Assets (End of Year)$44M
Net Income$4M
Employer EIN570248420
Plan Effective Date1968-01-01
Filing StatusFILING 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
$0B$2B$4B$6B 202220232024 $1.25B $1.71B ▲ +36.8%
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 -1012345 Total assets ($B) Participants Sonoco Pension Plan, Total assets ($B): 0.043595 · Participants: 641Sonoco Pension PlanThe Savannah River Nuclear Solutions, LLC Multiple Employer Pension Plan, Total assets ($B): 3.899009456 · Participants: 2016The Savannah River Nuclear Solutions, LLC Multiple Employer Pension PlanMichelin Retirement Plan, Total assets ($B): 2.233685106 · Participants: 3743Michelin Retirement PlanNon-Contributory Retirement Program for Certain Empl of Bcbssc, Total assets ($B): 1.20607382 · Participants: 4344Non-Contributory Retirement Program for Certain Empl of BcbsscLegacy Ghs/Tuomey Pension Plan, Total assets ($B): 0.610784456 · Participants: 3346Legacy Ghs/Tuomey Pension PlanKennametal Inc. Retirement Income Plan, Total assets ($B): 0.540622439 · Participants: 563Kennametal Inc. Retirement Income Plan
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 →

Sonoco Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside South Carolina, the nearest Defined Benefit (Pension) by assets is The York Water Company Pension Plan for General and Administrative Employees in PA ($44M); by covered participants it is The Retirement Plan for Employees of Bush Brothers & Company in TN (641 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (641 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Sonoco Pension Plan assets move in 2023? ▼
Sonoco Pension Plan grew at a solid clip - up 8.9% during 2023, from $40M to $44M. Reported net income was $4M.
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 84th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 The York Water Company Pension Plan for General and Administrative Employees in PA ($44M, 29 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sonoco Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is The Retirement Plan for Employees of Bush Brothers & Company in TN (641 participants, $219M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.