Tetra Pak, Inc. 401(k) Review & Grade
Tetra Pak Retirement Savings Plan
Denton, TXManufacturing1,659 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$12,686Employer $ per active participant
$9,785Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$500.2MNet plan assets, end of year
$241,622Average balance per account
Score breakdown
- Employer generosity49.3 / 5099th percentile for employer $ per participant
- Low cost19.3 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1589th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score82 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 77th |
| Employee saving | 89th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $37,442 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Tetra Pak put in about $12,686 per active participant, more than the typical peer ($2,320). 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.
- 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 | $21,046,487 |
| Participant (employee) contributions | $16,232,954 |
| Other contributions (incl. rollovers in) | $787,185 |
| Administrative expenses paid from the plan | $408,040 |
| Investment advisory & management fees | $98,294 |
| Other admin expenses | $80,051 |
| Benefits paid out | $35,491,276 |
| Net assets, start / end of year | $437.4M / $500.2M |
| Active participants, start / end of year | 1,653 / 1,665 |
| Participants with account balances | 2,070 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services | $257,071 reported compensation |
| Morgan Stanley | $98,294 reported compensation |
| Forvis Mazars LLP | $52,677 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014143609NAL0001555411002, received 2025-10-14, EIN 75-1537534, plan #010, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.