50 employees reported this benefit
Decent match with good retirement contribution.
The company will match a certain percentage.
Definitely below average. They used to match more, but when the economy crashed in 2008 they did away with any match. since then they have reinstated the benefit, but at a less amount. Also if you are an HCE forget about being able to contribute more than 6% of your salary in to the 401K. No safe Harbor programs here.
50% of 4%, way below the industry standard
Sonoco matches 50% of your contribution to 401K.
Company matched dollar for dollar at first. Now they only match fifty cents per dollar. Still a nice benefit.
Low company match, only 2%
Company match of 50% on up to 4%.
Sonoco does some 401k contribution matching
401K match is excellent and the company stock has year over year growth.