Genpak LLC 401(k) Review & Grade
Genpak 401(k) Plan
Charlotte, NCManufacturing1,186 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,664Employer $ per active participant
$4,977Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$86.8MNet plan assets, end of year
$54,009Average balance per account
Score breakdown
- Employer generosity28.6 / 5057th percentile for employer $ per participant
- Low cost11.4 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving7.7 / 1551th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 45th |
| Employee saving | 51th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($728,259 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
- Genpak put in about $2,664 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.
- 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 | $3,157,882 |
| Participant (employee) contributions | $5,899,942 |
| Other contributions (incl. rollovers in) | $906,926 |
| Administrative expenses paid from the plan | $223,621 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $43,000 |
| Benefits paid out | $15,461,464 |
| Net assets, start / end of year | $82.9M / $86.8M |
| Active participants, start / end of year | 1,116 / 1,255 |
| Participants with account balances | 1,608 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA , P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $147,621 reported compensation |
| Ubs Financial Services Inc | $43,000 reported compensation |
| Bdo USA LLP | $33,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014174437NAL0001738627001, received 2025-10-14, EIN 14-1803622, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.