401(k) · DOL Form 5500 · 2024
Sonoco Products Company 401(k) Plan
Data updated 2026-08-25
- $1.7B
- Total assets Very large vs avg
- 11,813
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $140,836
- Avg per participant Near avg balance/head
Official DOL plan name: Sonoco Retirement & Savings Plan · Sponsored by Sonoco Products Company · South Carolina · Manufacturing
$1.7B in assets, 11,813 participants
Sonoco Products Company's Sonoco Retirement & Savings Plan reported $1.7B in total assets and 11,813 participants in its 2024 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.
- #17,471 in Manufacturing (17,777 peers)
Coverage in South Carolina
Sonoco Retirement & Savings Plan covers 11,813 participants in South Carolina, 32x the typical South Carolina plan (state average ~369 per filing). Assets: $1.7B.
- #17,471
- in Manufacturing (17,777 peers)
- +6.6%
- assets growth YoY
- 17×
- vs typical plan assets (national mean)
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 2024 · DOL Form 5500
$1,663,698,617 Top 1% higher than 99% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Sonoco Retirement & Savings Plan's mega-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sonoco Retirement & Savings Plan is a mega filing (11,813 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Sonoco Retirement & Savings Plan reported net income fell from $211M in the plan year 2023 filing to $103M in the plan year 2024 filing.
- Sonoco Retirement & Savings Plan end-of-year assets rose from $1.6B in the plan year 2023 filing to $1.7B in the plan year 2024 filing.
- Sonoco Retirement & Savings Plan reported participants rose from 11,311 in the plan year 2023 filing to 11,813 in the plan year 2024 filing.
DOL schedule card
Filing strip 570248420 · Sonoco Products Company PY 2024 · 401(k)
Sonoco Retirement & Savings Plan · $1.7B · 11,813 · 99th
- PCT $1.7B
- PCT 11,813
- PCT 99th
- PCT 401(k)
- PCT near Cleveland-Cliffs Steel LLC Hourly 401(k) Plan
- PCT ind #17471
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) | $1.6B |
|---|---|
| Net Assets (End of Year) | $1.7B |
| Net Income | $103M |
| 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 $4.5B · 15,095
- The Savannah River Nuclear Solutions, LLC Defined Contribution Plan $2.8B · 9,296
- Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan $1.5B · 11,878
- The Milliken Retirement Plan $1.4B · 5,733
- Retirement Savings Plan for Employees of Continental-Rubber $1.3B · 11,080
Scale composition for Sonoco Retirement & Savings Plan
Sonoco Retirement & Savings Plan reports $1.7B in end-of-year assets across 11,813 participants (0.014% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.013% of 93,925,755 covered participants) - about $140,836 per participant (1.0x the national average assets-per-participant) . Net income for plan year 2024 was $103M.
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 | Open filing |
| 2023 | 8,758 | $1.2B | Open filing |
| 2023 | 11,311 | $1.6B | Open filing |
| 2024 · index core | 11,813 | $1.7B | This page |
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 Cleveland-Cliffs Steel LLC Hourly 401(k) Plan in OH ($1.7B); by covered participants it is Unifirst Retirement Savings Plan in MA (11,814 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.7B here).
- Cleveland-Cliffs Steel LLC Hourly 401(k) Plan (OH) $1.7B · 13,118
- Advance 401(k) Plan (NY) $1.7B · 6,761
- Garney Holding Company Employee Stock Ownership Plan and Trust (MO) $1.7B · 2,149
- Reliance, Inc. Master 401(k) Plan (AZ) $1.7B · 11,088
Similar participant headcount
Nearest other-state filings by covered participants (11,813 participants); asset peers above are excluded.
- Unifirst Retirement Savings Plan (MA) 11,814 · 1 off
- Asbury Automotive Retirement Savings Plan (GA) 11,807 · 6 off
- Uss 401(k) Plan for Usw-Represented Employees (PA) 11,820 · 7 off
- Premium Brands Services LLC 401(k) Savings Plan (NJ) 11,805 · 8 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.