Plan Ledger DOL Form 5500 · updated monthly

Great Lakes Packaging Corporation401(k)

GREAT LAKES PACKAGING CORPORATION 401(K) PROFIT SHARING PLAN · GERMANTOWN, WI · plan year 2023

Reported admin expense ratio · 2023
0.50%

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

Great Lakes Packaging Corporation reported $49,372 in plan administrative expenses for 2023: 0.50% of average plan assets, above the peer median. Employer contributions averaged $2,637 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 1 year on file its reported administrative ratio rose from 0.47% to 0.50%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Wisconsin (1,268th of 1,936), and 8,726th of 13,661 in manufacturing. In 2023, employees put in $2.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,119,571
Participants with balances99
Active participants77
Employer contributions$203,019
Employee contributions$494,949
Employer contribution per active participant$2,637
Average account balance$102,218
Benefits paid to participants$1,718,675
Plan auditUnmodified (clean) audit opinion
AuditorO'NEILL & GASPARDO, LLC
Plan history2
Yearassets · accounts · employer contribution
2023$10.1M · 99 accts · $203K emplr
2022$9.5M · 104 accts · $213K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$49,372
Total administrative$49,372
The Great Lakes Packaging Corporation 401(k) match · 2023
Employer contribution per active participant$2,637
Median for plans this size$1,308
2023$2,637 per active participant
2022$2,626 per active participant

Great Lakes Packaging Corporation's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$48,212
RETIREMENT PLAN CONSULTANTS, INC. · Contract administrator · Other services$1,200
EMBREE FINANCIAL GROUP · Investment advisory (plan)indirect comp

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

Administrative cost history2
2023$49,372 · 0.50%
2022$49,930 · 0.47%
Similar plansManufacturing · Wisconsin
Spuncast Inc. WI$10.3M · 0.00%
Ellicott Dredges, LLC WI$10.2M · 0.67%
Hader Industries, Inc WI$10.2M · 0.01%
Nog, Inc. WI$10.2M · 0.33%
Burnett Dairy Co-Op WI$10.0M · 0.63%
Prestwick Group, Inc. WI$9.9M · 0.65%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 391745171 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.