Pactiv Evergreen Services Inc. 401(k) Review & Grade
Employee Savings Plan
Lake Forest, ILManufacturing9,242 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,513Employer $ per active participant
$5,320Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$1.0BNet plan assets, end of year
$96,436Average balance per account
Score breakdown
- Employer generosity25.8 / 5052th percentile for employer $ per participant
- Low cost14.2 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1541th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-20 pts2 issues reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 57th |
| Employee saving | 41th |
| 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 ($1,662,880 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Pactiv Evergreen Services put in about $3,513 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 | $32,462,795 |
| Participant (employee) contributions | $49,163,214 |
| Other contributions (incl. rollovers in) | $5,622,728 |
| Administrative expenses paid from the plan | $1,012,987 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $29,293 |
| Benefits paid out | $201,815,893 |
| Net assets, start / end of year | $981.2M / $1.0B |
| Active participants, start / end of year | 9,506 / 8,977 |
| Participants with account balances | 10,447 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $76,636 reported compensation |
| Crowe LLP | $33,075 reported compensation |
| Mma Securities LLC | $29,293 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015103917NAL0004609425001, received 2025-10-15, EIN 27-0147082, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.