Sealed Air Corporation 401(k) Review & Grade
Sealed Air Corporation 401(k) and Profit Sharing Plan
Charlotte, NCManufacturing7,101 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,674Employer $ per active participant
$6,736Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$1.5BNet plan assets, end of year
$159,299Average balance per account
Score breakdown
- Employer generosity40.7 / 5081th percentile for employer $ per participant
- Low cost20.4 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving8.5 / 1557th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 81th |
| Employee saving | 57th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($7,002 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Sealed Air put in about $6,674 per active participant, more than the typical peer ($3,452). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $47,389,541 |
| Participant (employee) contributions | $47,834,352 |
| Other contributions (incl. rollovers in) | $5,082,388 |
| Administrative expenses paid from the plan | $654,212 |
| Contract administrator fees | $2,700 |
| Investment advisory & management fees | $117,405 |
| Other admin expenses | $55,763 |
| Benefits paid out | $223,220,431 |
| Net assets, start / end of year | $1.5B / $1.5B |
| Active participants, start / end of year | 7,324 / 6,878 |
| Participants with account balances | 9,448 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | A.c. Evans LLC |
| Employer stock held by plan | $111,973,376 |
Largest service providers (Schedule C)
| Fidelity Investments Instl Ops Co | $392,391 reported compensation |
| Strategic Advisors, Inc | $117,405 reported compensation |
| NFP Retirement | $85,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010145555NAL0018890866001, received 2025-10-10, EIN 65-0654331, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.