Plan Snapshot
- Plan Sponsor: Sealed Air Corporation
- Sponsor EIN: 650654331
- Sponsor Address: 2415 CASCADE POINTE BLVD, CHARLOTTE, NC, 28208
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 8,968
- Total Assets: $1.6B
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. |
|---|---|---|---|---|
| 2025 | 8,968 | $1.6B | $0 | $0 |
| 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 | Custodian / Trustee | $334,901 | — | $334,901 |
| STRATEGIC ADVISORS, INC | Other Service Provider | $143,258 | — | $143,258 |
| NFP RETIREMENT | Other Service Provider | $85,000 | — | $85,000 |
| A.C. EVANS LLC | Other Service Provider | $64,850 | — | $64,850 |
| TROUTMAN PEPPER HAMILTON SANDERS LL | Other Service Provider | $42,002 | — | $42,002 |
| COGNIZANT WORLDWIDE LIMITED | Other Service Provider | $39,960 | — | $39,960 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $709,971
- 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 |
|---|---|---|---|---|---|
| 2025 | $247,802,701 | $143,258 | $4,375 | $64,850 | — |
| 2024 | $654,212 | $117,405 | $2,700 | $19,250 | — |
| 2023 | $813,427 | $92,278 | $3,000 | $18,250 | — |
| 2022 | $645,508 | — | — | — | — |