Westrock Company 401(k) Review & Grade
Westrock Company 401(k) Retirement Savings Plan
Atlanta, GAManufacturing32,170 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,743Employer $ per active participant
$6,158Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$5.0BNet plan assets, end of year
$117,739Average balance per account
Score breakdown
- Employer generosity21.0 / 5042th percentile for employer $ per participant
- Low cost14.3 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1531th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 57th |
| Employee saving | 31th |
| Peers that auto-enroll | 69% |
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Red flags from the filing
Corrective distributions: the plan refunded $527,168 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Westrock put in about $4,743 per active participant, below the typical peer ($5,480). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $152,595,033 |
| Participant (employee) contributions | $198,109,248 |
| Other contributions (incl. rollovers in) | $17,005,494 |
| Administrative expenses paid from the plan | $3,453,550 |
| Investment advisory & management fees | $1,672,025 |
| Other admin expenses | $18,121 |
| Benefits paid out | $610,373,332 |
| Net assets, start / end of year | $4.6B / $5.0B |
| Active participants, start / end of year | 32,796 / 31,545 |
| Participants with account balances | 42,311 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $1,600,462 reported compensation |
| Empower Advisory Group, LLC | $1,365,979 reported compensation |
| Rocaton Investment Advisors LLC | $324,168 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250829104717NAL0011093025001, received 2025-08-29, EIN 47-3335141, plan #018, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.