Plan Snapshot
- Plan Sponsor: Genpak LLC
- Sponsor EIN: 141803622
- Sponsor Address: 10601 WESTLAKE DRIVE, CHARLOTTE, NC, 28273
- Plan Type: 401(k)
- Total Participants: 1,255
- Total Assets: $86.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,255 | $86.8M | $3.2M | $5.9M |
| 2023 | 1,116 | $82.9M | $2.8M | $5.8M |
| 2022 | 1,137 | $76.7M | $3.1M | $5.7M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| BDO USA , P.C. | Auditor | $33,000 | — | $33,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA , P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,000
- Estimated Expense Ratio: 0.038% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $223,621 | $43,000 | $300 | $33,000 | — |
| 2023 | $198,133 | $43,000 | $1,200 | $16,000 | — |
| 2022 | $206,445 | — | — | — | — |