Retirement plan

SILGAN RETIREMENT SAVINGS PLAN FOR HOURLY EMPLOYEES

Name: SILGAN CONTAINERS MANUFACTURING CORPORATION - SILGAN RETIREMENT SAVINGS PLAN FOR HOURLY EMPLOYEES (2022) Form 5500
Creator: SILGAN CONTAINERS MANUFACTURING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SILGAN RETIREMENT SAVINGS PLAN FOR HOURLY EMPLOYEES, SILGAN CONTAINERS MANUFACTURING CORPORATION

SILGAN CONTAINERS MANUFACTURING CORPORATIONEIN 06-1502009Plan #010PY 2022

21600 OXNARD STREET, SUITE 1600 - WOODLAND HILLS, CA 91367818-348-3700LinkedIn10001+ employeesmining & metals

Other plans on this EIN

8 filings

#022Retirement-$387.8M assets #009Retirement-$270.8M assets #001Retirement-$144.2M assets #013Retirement-$103.7M assets #029Retirement-$52.3M assets #028Retirement-$38.5M assets #012Retirement-$34.4M assets #019Retirement-$13.0M assets

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$219.4M

-15.0% from 2021

Total participants

4,423

+2.9% from 2021

Average account balance

$51,664

-19.7% from 2021

Annual return

-13.50%

-26.53 pp from 2021

Benchmarks

See 812 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort812 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$259.30M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$56K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

4,624

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

90.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.57M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.17%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$99

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND8+ years Service code 13 · EIN 06-1050034	Contract Administrator	$341,346
REINHART BOERNER VAN DEUREN S.C.2 years Filed as: REINHART BOERNER VAN DEUREN NORRIS Service code 27 · EIN 39-1126909	Advisory (Plan)	$29,710
CAPFINANCIAL PARTNERS LLC3 years Service code 27 · EIN 26-0058143	Advisory (Plan)	$13,667
PENSION ASSURANCE LLP3 years Service code 27 · EIN 30-0840934	Advisory (Plan)	$12,500
PRUDENTIAL RETIREMENT INSURANCE AND8+ years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$411K

$121 / participant

Investment mgmt$56K13.6%
Contract admin$341K83.1%
Other / not subdivided$14K3.3%

% of EOY assets

0.187%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,664

$130,141-60.3%

$86,677-40.4%

$77,904-33.7%

Participation rate

94.8%

85.9%+8.8pp

76.6%+18.2pp

73.7%+21.1pp

Annual return

-13.50%

-12.75%-0.8pp

35.91%-49.4pp

12.21%-25.7pp

Employer contribution / active EE

$1,480

$3,220-54.0%

$2,836-47.8%

$2,848-48.0%

Participant deferral / active EE

$3,758

$5,757-34.7%

$4,656-19.3%

$4,806-21.8%

Admin fee / account holder

$97

$132-26.6%

$7,493-98.7%

$133-27.0%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND8+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$341,346

REINHART BOERNER VAN DEUREN S.C.2 years

Filed as: REINHART BOERNER VAN DEUREN NORRIS

Service code 27 · EIN 39-1126909

Advisory (Plan)

$29,710

CAPFINANCIAL PARTNERS LLC3 years

Service code 27 · EIN 26-0058143

Advisory (Plan)

$13,667

PENSION ASSURANCE LLP3 years

Service code 27 · EIN 30-0840934

Advisory (Plan)

$12,500

PRUDENTIAL RETIREMENT INSURANCE AND8+ years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15

Recordkeeping

SILGAN RETIREMENT SAVINGS PLAN FOR HOURLY EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SILGAN RETIREMENT SAVINGS PLAN FOR HOURLY EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion