Packaging Coordinators Inc. 401(k) Review & Grade
Packaging Coordinators, Inc. 401(k) Savings Plan
Philadelphia, PAManufacturing3,802 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,472Employer $ per active participant
$5,091Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$188.1MNet plan assets, end of year
$43,501Average balance per account
Score breakdown
- Employer generosity18.3 / 5037th percentile for employer $ per participant
- Low cost7.8 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving5.6 / 1538th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 31th |
| Employee saving | 38th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,271 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Packaging Coordinators put in about $2,472 per active participant, below the typical peer ($3,452). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (0.22% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $9,396,172 |
| Participant (employee) contributions | $19,352,817 |
| Other contributions (incl. rollovers in) | $2,635,070 |
| Administrative expenses paid from the plan | $375,656 |
| Investment advisory & management fees | $30,621 |
| Benefits paid out | $15,758,548 |
| Net assets, start / end of year | $150.7M / $188.1M |
| Active participants, start / end of year | 3,512 / 4,091 |
| Participants with account balances | 4,324 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $311,960 reported compensation |
| Grant Thornton | $33,075 reported compensation |
| Strategic Advisors, Inc. | $30,621 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014164337NAL0003434097001, received 2025-10-14, EIN 45-5161460, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.