Silgan Containers Manufacturing Corporation 401(k) Review & Grade
Silgan Containers Employees' Retirement Savings Plan - Union
Woodland Hills, CAManufacturing717 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$728Employer $ per active participant
$4,316Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$42.7MNet plan assets, end of year
$48,537Average balance per account
Score breakdown
- Employer generosity5.4 / 5011th percentile for employer $ per participant
- Low cost11.7 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1542th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 47th |
| Employee saving | 42th |
| Peers that auto-enroll | 59% |
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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
- Silgan Containers Manufacturing put in about $728 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $521,710 |
| Participant (employee) contributions | $3,094,653 |
| Other contributions (incl. rollovers in) | $363 |
| Administrative expenses paid from the plan | $104,218 |
| Contract administrator fees | $29,917 |
| Investment advisory & management fees | $11,170 |
| Other admin expenses | $26,698 |
| Benefits paid out | $5,476,061 |
| Net assets, start / end of year | $39.8M / $42.7M |
| Active participants, start / end of year | 735 / 699 |
| Participants with account balances | 879 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pension Assurance LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $47,028 reported compensation |
| Pension Assurance LLP | $12,750 reported compensation |
| Capfinancial Partners LLC DBA Captr | $10,972 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006130054NAL0003665841001, received 2025-10-06, EIN 06-1502009, plan #012, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.