Amcor Flexibles North America, Inc. 401(k) Review & Grade
Amcor 401(k) Plan
Oshkosh, WIManufacturing6,404 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,846Employer $ per active participant
$7,099Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$1.2BNet plan assets, end of year
$147,806Average balance per account
Score breakdown
- Employer generosity34.1 / 5068th percentile for employer $ per participant
- Low cost13.0 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving9.2 / 1561th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 52th |
| Employee saving | 61th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,157 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Amcor Flexibles North America put in about $4,846 per active participant, more than the typical peer ($3,452). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $31,034,056 |
| Participant (employee) contributions | $45,463,297 |
| Other contributions (incl. rollovers in) | $9,271,644 |
| Administrative expenses paid from the plan | $1,403,701 |
| Investment advisory & management fees | $997,467 |
| Other admin expenses | $5,700 |
| Benefits paid out | $142,256,436 |
| Net assets, start / end of year | $1.2B / $1.2B |
| Active participants, start / end of year | 6,285 / 6,523 |
| Participants with account balances | 8,439 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
| Employer stock held by plan | $35,581,500 |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $935,685 reported compensation |
| Empower Annuity Insurance Company O | $358,402 reported compensation |
| Capfinancial Partners LLC DBA Captr | $61,783 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010125134NAL0007741681001, received 2025-10-10, EIN 43-0178130, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.