Plan Ledger DOL Form 5500 · updated monthly

Berry Global, Inc.401(k)

BERRY GLOBAL EMPLOYEES 401(K) RETIREMENT PLAN · EVANSVILLE, IN · plan year 2023

Reported admin expense ratio · 2023
0.02%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Berry Global, Inc. reported $252,663 in plan administrative expenses for 2023: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,175 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.02% to 0.04%. The plan sits in the over $1B size bracket, benchmarked here against 1,075 comparable plans and shown alongside other manufacturing employers. By assets it is the 14th-largest of 1,562 plans among Indiana employers on file, and the 289th of 13,661 in manufacturing. In 2023, employees put in $2.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,173,871,828
Participants with balances13,816
Active participants16,806
Employer contributions$19,740,056
Employee contributions$54,336,781
Employer contribution per active participant$1,175
Average account balance$84,965
Benefits paid to participants$114,259,682
Plan auditUnmodified (clean) audit opinion
AuditorHARDING SHYMANSKI
Plan history3
Yearassets · accounts · employer contribution
2024$1.1B · 12,249 accts · $19.9M emplr
2023$1.2B · 13,816 accts · $19.7M emplr
2022$1.0B · 14,125 accts · $18.8M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$194,613
Investment management$8,000
Audit (IQPA)$50,050
Total administrative$252,663
The Berry Global, Inc. 401(k) match · 2023
Employer contribution per active participant$1,175
Median for plans this size$5,237
2024$1,170 per active participant
2023$1,175 per active participant
2022$1,091 per active participant

Berry Global, Inc.'s 2023 employer contribution ran below the $5,237 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
MINNESOTA LIFE INSURANCE COMPANY · Investment management · Contract administrator$194,613
HARDING SHYMANSKI & COMPANY · Accounting / audit$50,050
CETERA TRUST COMPANY NA · Accounting / audit$8,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left Berry Global, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$499,091 · 0.04%
2023$252,663 · 0.02%
2022$234,299 · 0.02%
All plans at this employer2
BERRY GLOBAL EMPLOYEES 401(K) RETIREMENT PLAN401(k)
BERRY GLOBAL BARGAINING UNIT 401(K) PLAN401(k)
Same employer
Similar plansManufacturing · Indiana
Steel Dynamics, Inc. IN$3.0B · 0.02%
Jasper Holdings, Inc. IN$2.2B · 0.00%
Cook Group Incorporated IN$1.4B · 0.02%
Schlage Lock Company LLC IN$976.1M · 0.06%
Asphalt Materials, Inc. IN$665.4M · 0.04%
Meritor, Inc. IN$612.9M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351814673 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.