Plan Snapshot
- Plan Sponsor: Sealed Air Corporation
- Sponsor EIN: 650654331
- Sponsor Address: 2415 CASCADE POINTE BLVD, CHARLOTTE, NC, 28208
- Plan Type: 401(k)
- Total Participants: 6,878
- Total Assets: $1.5B
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 | 6,878 | $1.5B | $47.4M | $47.8M |
| 2023 | 7,324 | $1.5B | $46.6M | $47.4M |
| 2022 | 7,372 | $1.3B | $45.2M | $46.5M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTL OPS CO | TRUSTEE | $392,391 | — | $392,391 |
| STRATEGIC ADVISORS, INC | NONE | $117,405 | — | $117,405 |
| NFP RETIREMENT | NONE | $85,000 | — | $85,000 |
| TROUTMAN PEPPER HAMILTON SANDERS LL | NONE | $66,703 | — | $66,703 |
| A.C. EVANS LLC | NONE | $19,250 | — | $19,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTL OPS CO — TRUSTEE
- STRATEGIC ADVISORS, INC — NONE
- NFP RETIREMENT — NONE
- TROUTMAN PEPPER HAMILTON SANDERS LL — NONE
- A.C. EVANS LLC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $680,749
- Estimated Expense Ratio: 0.045% 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 | $654,212 | $117,405 | $2,700 | $19,250 | — |
| 2023 | $813,427 | $92,278 | $3,000 | $18,250 | — |
| 2022 | $645,508 | — | — | — | — |