AMERICAN PACKAGING CORPORATION 401K PLAN

At the end of 2021, the total retirement plan assets of AMERICAN PACKAGING CORPORATION 401K PLAN is $161,520,750.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in AMERICAN PACKAGING CORPORATION 401K PLAN is 1316

In 2021, the average participant retirement account value for AMERICAN PACKAGING CORPORATION 401K PLAN is $122,736

In 2021, the estimated average employee contribution amount per participant for AMERICAN PACKAGING CORPORATION 401K PLAN is $4,468

In 2021, the estimated average employer match for an employee in AMERICAN PACKAGING CORPORATION 401K PLAN is approximately $3,303

In 2021, AMERICAN PACKAGING CORPORATION 401K PLAN allocates $4,346,894 to match its employees’ contributions, providing an employer match rate of 73.92% of their contributions

In 2021, the total retirement plan asset growth rate of AMERICAN PACKAGING CORPORATION 401K PLAN is 12.16%

In 2021, the estimated aggregate retirement account investment gain/loss for AMERICAN PACKAGING CORPORATION 401K PLAN is 13.27%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of AMERICAN PACKAGING CORPORATION 401K PLAN is 0.11%.

Enrollment Features

AMERICAN PACKAGING CORPORATION 401K PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.