Retirement plan

SEALED AIR CORPORATION 401(K) AND PROFIT SHARING PLAN

Name: SEALED AIR CORPORATION - SEALED AIR CORPORATION 401(K) AND PROFIT SHARING PLAN (2023) Form 5500
Creator: SEALED AIR CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEALED AIR CORPORATION 401(K) AND PROFIT SHARING PLAN, SEALED AIR CORPORATION

SEALED AIR CORPORATIONEIN 65-0654331Plan #002PY 2023

2415 CASCADE POINTE BLVD - CHARLOTTE, NC 28208980-430-7000sealedair.comLinkedIn10001+ employeespackaging and containers

Other plans on this EIN

1 filing

#007Retirement-$111.1M assets

Prospect flagsLow returnsFailed to transmit contributions

Top hat statement on fileNQDC

Filed August 2, 2012

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$1453.6M

-2.1% from 2016

Total participants

10,220

-2.6% from 2016

Average account balance

$152,967

+0.2% from 2016

Annual return

15.26%

-6.32 pp from 2016

Benchmarks

See 57 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort57 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.51B

Not enough data

1 years with asset history on file

Average account balance

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

$159K

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.

9,448

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$95.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+12.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$69

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 7 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL5 years Filed as: FIDELITY INVESTMENTS INSTL OPS CO Service code 15 · EIN 04-2647786	Recordkeeping	$454,087
NFP RETIREMENT INC5 years Filed as: NFP RETIREMENT Service code 27 · EIN 33-0905143	Advisory (Plan)	$148,750
STRATEGIC ADVISORS, INC.3 years Filed as: STRATEGIC ADVISORS, INC Service code 27 · EIN 04-2654524	Advisory (Plan)	$92,278
TROUTMAN SANDERS LLP2 years Filed as: TROUTMAN PEPPER HAMILTON SANDERS LL Service code 16 · EIN 58-0946915	Consulting	$82,923
A.C. EVANS LLC5 years Service code 10 · EIN 26-3421158	Accounting	$18,250
PRUDENTIAL RETIREMENT INSURANCE AND1 year Service code 13 · EIN 06-1050034	Contract Administrator	$0
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
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

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).

Expense breakdown

Schedule H Part II

Admin total

$813K

$111 / participant

Recordkeeping$454K55.8%
Investment mgmt$92K11.3%
Legal$83K10.2%
Contract admin$3K0.4%
Other / not subdivided$181K22.3%

% of EOY assets

0.056%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: A.C. EVANS LLC
Auditor EIN: 263421158
Audit fees: $18,250
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$152,967

$136,310+12.2%

$98,462+55.4%

$103,657+47.6%

Participation rate

90.2%

89.2%+1.0pp

75.2%+15.0pp

73.4%+16.8pp

Annual return

15.26%

19.67%-4.4pp

21.20%-5.9pp

33.13%-17.9pp

Employer contribution / active EE

$6,357

$4,714+34.9%

$3,049+108.5%

$3,216+97.7%

Participant deferral / active EE

$6,475

$7,358-12.0%

$4,738+36.6%

$5,218+24.1%

Admin fee / account holder

$86

$76+12.4%

$8,875-99.0%

$114-25.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Filed as: FIDELITY INVESTMENTS INSTL OPS CO

Service code 15 · EIN 04-2647786

Recordkeeping

$454,087

NFP RETIREMENT INC5 years

Filed as: NFP RETIREMENT

Service code 27 · EIN 33-0905143

Advisory (Plan)

$148,750

STRATEGIC ADVISORS, INC.3 years

Filed as: STRATEGIC ADVISORS, INC

Service code 27 · EIN 04-2654524

Advisory (Plan)

$92,278

TROUTMAN SANDERS LLP2 years

Filed as: TROUTMAN PEPPER HAMILTON SANDERS LL

Service code 16 · EIN 58-0946915

Consulting

$82,923

A.C. EVANS LLC5 years

Service code 10 · EIN 26-3421158

Accounting

$18,250

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Service code 13 · EIN 06-1050034

Contract Administrator

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15

Recordkeeping

SEALED AIR CORPORATION 401(K) AND PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEALED AIR CORPORATION 401(K) AND PROFIT SHARING PLAN

Top hat statement on fileNQDC

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