Company: GEF
Filing Date: 2025-06-06
Form Type: 11-K
Source: 0000043920-25-000026
Chunk: 4

Company: GREIF, INC
Filing Date: 2025-06-06
Form: 11-K
Chunk 4
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atively feasible following their date of hire and upon 18 years of age. The Administrator is responsible for keeping accurate and complete records with regard to the Plan, informing participants of changes or amendments to the Plan, and ensuring that the Plan conforms to applicable laws and regulations. Principal Trust Company maintains the Plan assets.

#### TPG Plastics LLC
Subsequent to the Company's acquisition of TPG Plastics LLC ("TPG Plastics") on March 26, 2024, eligible TPG Plastics employees remained participants in the TPG Plastics, LLC 401(k) Plan (the "TPG Plan"), a defined contribution plan, through December 31, 2024. During 2024, the Company determined that it was in the best interest of the participants of the TPG Plan and the Plan to merge them together effective December 31, 2024 at close of business. As a result of the merger, net assets of $2.0 million has been recorded as a receivable from the TPG Plan on the accompanying statements of net assets available for benefits since the net assets were not transferred into the Plan until January 2025.

#### Lee Container
Subsequent to the Company's acquisition of Lee Container Corporation, Inc. ("Lee Container") on December 15, 2022, eligible Lee Container employees remained participants in the Lee Container Corporation Retirement Savings Plan (the "Lee Plan"), a defined contribution plan, through December 31, 2023. During 2023, the Company determined that it was in the best interest of the participants of the Lee Plan and the Plan to merge them together effective December 31, 2023 at close of business. As a result of the merger, net assets of $13.9 million has been recorded as a receivable from the Lee Plan on the accompanying statements of net assets available for benefits since the net assets were not transferred into the Plan until January 2024.

#### Participant Contributions
Participants may contribute up to 100 percent of their annual compensation, not to exceed the deferral limit as established annually by the Internal Revenue Code (the "IRC"), into a choice of investment options. In no event shall the amount contributed for any plan year exceed the amount allowable in computing the participant’s federal income tax exclusion for that plan year. As soon as eligibility criteria are satisfied, participants are automatically enrolled with payroll deductions of 3 percent but are permitted to opt out or change the payroll deduction percentage. Until participants make an investment selection, all of their contributions are invested in