Plan Snapshot
- Plan Sponsor: Sappi North America, INC.
- Sponsor EIN: 232366983
- Sponsor Address: 255 STATE STREET, BOSTON, MA, 02109
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 0
- Total Assets: $186.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $186.0M | $0 | $0 |
| 2023 | 0 | $187.8M | $0 | $0 |
| 2022 | 0 | $173.4M | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| INCOME RESEARCH & MANAGEMENT | Investment Advisor | $156,530 | — | $156,530 |
| WELLINGTON MANAGEMENT | Investment Advisor | $110,175 | — | $110,175 |
| SILCHESTER INTERNATIONAL INVESTORS | Investment Advisor | $90,704 | — | $90,704 |
| MELLON CAPITAL | Investment Advisor | $64,901 | — | $64,901 |
| LOOMIS SAYLES TRUST COMPANY | Investment Advisor | $42,615 | — | $42,615 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $464,925
- Estimated Expense Ratio: 0.250% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $666,038 | $646,599 | — | — | — |
| 2023 | $517,616 | $494,092 | — | — | — |
| 2022 | $726,031 | $556,074 | — | — | — |