Plan Snapshot
- Plan Sponsor: Sealed Air Corporation
- Sponsor EIN: 650654331
- Sponsor Address: 2415 CASCADE POINTE BLVD, CHARLOTTE, NC, 28208
- Plan Type: DB
- Total Participants: 609
- Total Assets: $107.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 609 | $107.7M | $5.5M | $0 |
| 2023 | 649 | $111.1M | $4.3M | $0 |
| 2022 | 739 | $113.5M | $0 | $0 |
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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $744,125 | — | $744,125 |
| AON INVESTMENTS USA INC. | Other Service Provider | $161,119 | — | $161,119 |
| NORTHERN TRUST COMPANY | Other Service Provider | $90,638 | — | $90,638 |
| TROUTMAN PEPPER HAMILTON SANDERS LL | ERISA Attorney | $32,021 | — | $32,021 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- TROUTMAN PEPPER HAMILTON SANDERS LL — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,027,903
- Estimated Expense Ratio: 0.954% 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 | $2,520,222 | — | $627,431 | — | — |
| 2023 | $2,646,483 | $62,000 | $747,585 | $30,900 | — |
| 2022 | $2,757,280 | — | $263,189 | — | $906,687 |