Retirement plan

EMPLOYEE SAVINGS PLAN FOR PACTIV BARGAINING

Name: PACTIV EVERGREEN SERVICES INC. - EMPLOYEE SAVINGS PLAN FOR PACTIV BARGAINING (2024) Form 5500
Creator: PACTIV EVERGREEN SERVICES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE SAVINGS PLAN FOR PACTIV BARGAINING, PACTIV EVERGREEN SERVICES INC.

PACTIV EVERGREEN SERVICES INC.EIN 27-0147082Plan #034PY 2024

1900 W FIELD COURT - LAKE FOREST, IL 600454828847-482-2000pactivevergreen.comLinkedIn10001+ employeespackaging and containers

Other plans on this EIN

1 filing

#004Retirement-$1.01B assets

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$42.2M

-18.3% from 2016

Total participants

1,070

-20.7% from 2016

Average account balance

$48,907

+2.2% from 2016

Annual return

10.72%

-8.25 pp from 2016

Benchmarks

See 1,157 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,157 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$42.21M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

863

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.

78.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$117

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

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
CROWE LLP5 years Service code 10 · EIN 35-0921680	Accounting	$14,175
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$6,332

Plan features & details

Pension benefit codes2E2G2J2K2S2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$101K

$104 / participant

Recordkeeping$85K84.7%
Investment mgmt$1K1.2%
Other / not subdivided$14K14.1%

% of EOY assets

0.238%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CROWE LLP
Auditor EIN: 350921680
Audit fees: $14,175
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,907

$92,186-46.9%

$105,624-53.7%

$77,762-37.1%

Participation rate

78.5%

81.0%-2.5pp

75.3%+3.2pp

70.6%+7.9pp

Annual return

10.72%

17.83%-7.1pp

116.20%-105.5pp

31.27%-20.5pp

Employer contribution / active EE

$2,179

$3,376-35.4%

$3,168-31.2%

$2,728-20.1%

Participant deferral / active EE

$3,133

$5,395-41.9%

$5,013-37.5%

$4,651-32.6%

Admin fee / account holder

$117

$219-46.8%

$10,961-98.9%

$433-73.1%

Provider

Service type

Compensation

CROWE LLP5 years

Service code 10 · EIN 35-0921680

Accounting

$14,175

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$6,332

EMPLOYEE SAVINGS PLAN FOR PACTIV BARGAINING

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE SAVINGS PLAN FOR PACTIV BARGAINING

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