Pregis LLC 401(k) Review & Grade
Pregis LLC Retirement and Savings Plan
Chicago, ILManagement of Companies2,708 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,197Employer $ per active participant
$5,513Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$185.1MNet plan assets, end of year
$58,865Average balance per account
Score breakdown
- Employer generosity14.4 / 5029th percentile for employer $ per participant
- Low cost10.4 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 42th |
| Employee saving | 31th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Prohibited transactions: the plan reported non-exempt transactions with a party in interest.
What to do if you're in this plan
- Pregis put in about $2,197 per active participant, below the typical peer ($3,455). 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.
- 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.
- 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 | $5,948,595 |
| Participant (employee) contributions | $14,928,597 |
| Other contributions (incl. rollovers in) | $3,027,321 |
| Administrative expenses paid from the plan | $277,531 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $222,240 |
| Benefits paid out | $23,926,871 |
| Net assets, start / end of year | $162.3M / $185.1M |
| Active participants, start / end of year | 2,542 / 2,874 |
| Participants with account balances | 3,144 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Legacy Professionals LLP |
Largest service providers (Schedule C)
| Cbiz Investment Advisory Services | $170,900 reported compensation |
| Strategic Advisors, Inc. | $51,340 reported compensation |
| Benesch | $25,194 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009152608NAL0004039619001, received 2025-10-09, EIN 20-3103585, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.