CCL Label, Inc. 401(k) Review & Grade
CCL Industries 401(k) Profit-Sharing Plan
Framingham, MAManufacturing4,310 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,760Employer $ per active participant
$7,985Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$645.3MNet plan assets, end of year
$111,157Average balance per account
Score breakdown
- Employer generosity37.9 / 5076th percentile for employer $ per participant
- Low cost15.5 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 62th |
| Employee saving | 68th |
| Peers that auto-enroll | 70% |
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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
- CCL Label put in about $5,760 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.
- 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 | $24,820,980 |
| Participant (employee) contributions | $34,411,409 |
| Other contributions (incl. rollovers in) | $2,026,643 |
| Administrative expenses paid from the plan | $522,365 |
| Other admin expenses | $522,365 |
| Benefits paid out | $57,255,909 |
| Net assets, start / end of year | $566.8M / $645.3M |
| Active participants, start / end of year | 4,267 / 4,352 |
| Participants with account balances | 5,805 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $525,026 reported compensation |
| Vanguard Advisers Inc. | $71,039 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015083724NAL0004083681001, received 2025-10-15, EIN 13-1966972, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.