Plan Snapshot
- Plan Sponsor: Sonoco Products Company
- Sponsor EIN: 570248420
- Sponsor Address: 1 NORTH SECOND STREET, HARTSVILLE, SC, 295510160
- Plan Type: DB
- Total Participants: 533
- Total Assets: $44.0M
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 | 533 | $44.0M | $3.5M | $0 |
| 2023 | 628 | $43.6M | $2.9M | $0 |
| 2022 | 641 | $40.0M | $582,000 | $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 |
|---|---|---|---|---|
| CROWE LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | — | — | — | — | — |
| 2023 | $1,077,000 | $160,000 | — | $38,000 | — |
| 2022 | $1,209,000 | $414,000 | — | — | $243,000 |