SONOCO RETIREMENT & SAVINGS PLAN
Plan Contact
- Address: ONE NORTH SECOND STREET,HARTSVILLE,SC
- Contact person: TODD GIAMBRONE
- Phone: (843) 383-7000
Plan General Information
SONOCO RETIREMENT & SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SONOCO RETIREMENT & SAVINGS PLAN is $1,560,739,492.00.This plan was established in 1983.
SONOCO RETIREMENT & SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SONOCO RETIREMENT & SAVINGS PLAN is 14437
SONOCO RETIREMENT & SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SONOCO RETIREMENT & SAVINGS PLAN is $108,106.00
SONOCO RETIREMENT & SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SONOCO RETIREMENT & SAVINGS PLAN is $4,918.00.
SONOCO RETIREMENT & SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SONOCO RETIREMENT & SAVINGS PLAN is approximately $3,385.00
Investing in this additonal $3,385.00 for 20 years would give you extra $216,665.00, assuming a 10% annual return.
Investing in this additonal $3,385.00 for 20 years would give you extra $216,665.00, assuming a 10% annual return.
SONOCO RETIREMENT & SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, SONOCO RETIREMENT & SAVINGS PLAN allocates $48,875,025.00 to match its employees' contributions, providing an employer match rate of 72.10% of their contributions
SONOCO RETIREMENT & SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SONOCO RETIREMENT & SAVINGS PLAN is 28.51%.
SONOCO RETIREMENT & SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SONOCO RETIREMENT & SAVINGS PLAN is 27.78%. This measures the effectiveness of the plan participants' investments in the year.
SONOCO RETIREMENT & SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SONOCO RETIREMENT & SAVINGS PLAN is 0.12%.
Enrollment Features
SONOCO RETIREMENT & SAVINGS PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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