Graham Packaging Company, L.P. 401(k) Review & Grade
Employee Savings Plan for Graham Packaging
Lancaster, PAManufacturing3,620 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,092Employer $ per active participant
$6,231Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$480.7MNet plan assets, end of year
$107,084Average balance per account
Score breakdown
- Employer generosity30.0 / 5060th percentile for employer $ per participant
- Low cost14.4 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving7.8 / 1552th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 58th |
| Employee saving | 52th |
| Peers that auto-enroll | 70% |
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
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Graham Packaging Company, L.P. put in about $4,092 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.
- 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 | $14,812,745 |
| Participant (employee) contributions | $22,553,462 |
| Other contributions (incl. rollovers in) | $5,900,498 |
| Administrative expenses paid from the plan | $446,978 |
| Contract administrator fees | $446,978 |
| Benefits paid out | $46,882,168 |
| Net assets, start / end of year | $419.4M / $480.7M |
| Active participants, start / end of year | 3,657 / 3,582 |
| Participants with account balances | 4,489 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $468,010 reported compensation |
| Mma Securities LLC | $27,000 reported compensation |
| Crowe LLP | $23,100 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250902070337NAL0024079456001, received 2025-09-02, EIN 23-2786688, plan #011, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.