Amcor Rigid Packaging USA, LLC 401(k) Review & Grade
Amcor Rigid Packaging Savings and Investment Plan
Ann Arbor, MIManufacturing3,085 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,601Employer $ per active participant
$5,903Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$483.8MNet plan assets, end of year
$117,463Average balance per account
Score breakdown
- Employer generosity37.4 / 5075th percentile for employer $ per participant
- Low cost16.3 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving7.2 / 1548th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 65th |
| Employee saving | 48th |
| Peers that auto-enroll | 70% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($5,236 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,795 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Amcor Rigid Packaging USA put in about $5,601 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $17,279,235 |
| Participant (employee) contributions | $18,211,284 |
| Other contributions (incl. rollovers in) | $1,648,591 |
| Administrative expenses paid from the plan | $363,745 |
| Investment advisory & management fees | $126,401 |
| Other admin expenses | $900 |
| Benefits paid out | $55,832,355 |
| Net assets, start / end of year | $444.6M / $483.8M |
| Active participants, start / end of year | 3,140 / 3,030 |
| Participants with account balances | 4,119 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $337,274 reported compensation |
| Empower Advisory Group, LLC | $97,843 reported compensation |
| Capfinancial Partners LLC DBA Captr | $22,929 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010130135NAL0012634112001, received 2025-10-10, EIN 36-4126680, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.