Greif Packaging LLC 401(k) Review & Grade
Greif 401(k) Retirement Plan
Delaware, OHManufacturing6,826 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,460Employer $ per active participant
$5,984Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$863.4MNet plan assets, end of year
$94,859Average balance per account
Score breakdown
- Employer generosity32.6 / 5065th percentile for employer $ per participant
- Low cost16.1 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving7.3 / 1549th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 64th |
| Employee saving | 49th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $98,967 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Greif Packaging put in about $4,460 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 | $30,444,510 |
| Participant (employee) contributions | $40,851,013 |
| Other contributions (incl. rollovers in) | $5,014,619 |
| Administrative expenses paid from the plan | $668,365 |
| Contract administrator fees | $284,481 |
| Investment advisory & management fees | $383,884 |
| Benefits paid out | $125,102,442 |
| Net assets, start / end of year | $808.1M / $863.4M |
| Active participants, start / end of year | 6,890 / 6,763 |
| Participants with account balances | 9,102 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | GBQ Partners, LLC |
| Employer stock held by plan | $8,317,145 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $538,261 reported compensation |
| Edelman Financial Engines, LLC | $294,783 reported compensation |
| Highland Consulting Asso | $89,100 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250715105448NAL0002780064001, received 2025-07-15, EIN 36-3268123, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.