# Sonoco Products Company 401(k) Plan
Source: https://planprovider.pro/companies/sonoco-products-company-570248420-010

> Sonoco Products Company's 401(k) plan: 0 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Sonoco Products Company

- **Sponsor EIN:** 570248420

- **Sponsor Address:** 1 NORTH SECOND STREET, HARTSVILLE, SC, 295510160

- **Plan Type:** 401(k)

- **Plan Number:** 010

- **Total Participants:** 0

- **Total Assets:** $75.9M

## 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|0|$75.9M|$0|$0|

| 2023|0|$77.2M|$0|$0|

| 2022|0|$40.4M|$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|

| SONOCO PRODUCTS COMPANY|Other Service Provider|$525,000|—|$525,000|

| AON CONSULTING|Recordkeeper|$398,000|—|$398,000|

| MERCER (US), INC.|Other Service Provider|$240,000|—|$240,000|

| ALIGHT SOLUTIONS, LLC|Recordkeeper|$75,000|$255|$75,255|

| THE BANK OF NEW YORK MELLON|Custodian / Trustee|$64,000|—|$64,000|

| NORTH PIER FIDUCIARY|Other Service Provider|$35,000|—|$35,000|

| CROWE LLP|Other Service Provider|$30,000|—|$30,000|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [AON CONSULTING](https://planprovider.pro/provider/alight-solutions) — Recordkeeper

- [ALIGHT SOLUTIONS, LLC](https://planprovider.pro/provider/alight-solutions) — Recordkeeper

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $1,367,255

- **Estimated Expense Ratio:** 1.802% 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|$2,545,000|—|$1,273,000|$34,000|—|

| 2023|$1,199,000|—|$523,000|$27,000|—|

| 2022|$1,477,000|—|$313,000|—|$611,000|

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