Anchor Glass Container Corporation 401(k) Review & Grade
Anchor Glass Container Corporation Hourly Employees' Supplemental Retirement Plan
Tampa, FLManufacturing936 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,489Employer $ per active participant
$5,312Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$106.5MNet plan assets, end of year
$86,135Average balance per account
Score breakdown
- Employer generosity15.3 / 5031th percentile for employer $ per participant
- Low cost13.2 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 53th |
| Employee saving | 56th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Anchor Glass Container put in about $1,489 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,394,780 |
| Participant (employee) contributions | $4,974,513 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $216,712 |
| Other admin expenses | $216,712 |
| Benefits paid out | $12,506,244 |
| Net assets, start / end of year | $101.1M / $106.5M |
| Active participants, start / end of year | 939 / 934 |
| Participants with account balances | 1,237 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hacker Johnson & Smith PA |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $175,230 reported compensation |
| Vanguard Advisers Inc. | $34,832 reported compensation |
| Hacker, Jonson & Smith PA | $8,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250903070433NAL0008901619001, received 2025-09-03, EIN 59-3417812, plan #008, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.