Green Bay Packaging, Inc. 401(k) Review & Grade
Green Bay Packaging, Inc. Savings and Protection Plan
Green Bay, WIManufacturing1,422 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,400Employer $ per active participant
$6,950Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$319.9MNet plan assets, end of year
$180,404Average balance per account
Score breakdown
- Employer generosity46.1 / 5092th percentile for employer $ per participant
- Low cost24.4 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving10.9 / 1573th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 98th |
| Employee saving | 73th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,381 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Green Bay Packaging put in about $7,400 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $10,522,824 |
| Participant (employee) contributions | $9,882,691 |
| Other contributions (incl. rollovers in) | $2,508,117 |
| Administrative expenses paid from the plan | $34,245 |
| Benefits paid out | $32,630,683 |
| Net assets, start / end of year | $286.7M / $319.9M |
| Active participants, start / end of year | 1,394 / 1,450 |
| Participants with account balances | 1,773 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Associated Trust Company, N.A. | $34,245 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015172648NAL0010832434011, received 2025-10-15, EIN 39-0783183, plan #015, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.