Printpack, Inc. 401(k) Review & Grade
Printpack Inc Savings & Profit Sharing Plan
Atlanta, GAManufacturing2,427 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,350Employer $ per active participant
$7,222Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$460.6MNet plan assets, end of year
$144,433Average balance per account
Score breakdown
- Employer generosity33.7 / 5067th percentile for employer $ per participant
- Low cost16.0 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1575th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 64th |
| Employee saving | 75th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,493 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Printpack put in about $3,350 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.
- 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 | $8,131,433 |
| Participant (employee) contributions | $17,528,917 |
| Other contributions (incl. rollovers in) | $2,650,497 |
| Administrative expenses paid from the plan | $663,507 |
| Investment advisory & management fees | $247,186 |
| Other admin expenses | $175,315 |
| Benefits paid out | $66,532,248 |
| Net assets, start / end of year | $447.6M / $460.6M |
| Active participants, start / end of year | 2,477 / 2,377 |
| Participants with account balances | 3,189 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Windham Brannon |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $223,506 reported compensation |
| Callan Holdings Inc DBA Callan LLC | $209,064 reported compensation |
| Advised Assets Group, LLC | $38,122 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009135900NAL0003629379001, received 2025-10-09, EIN 58-0673779, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.