Plan Snapshot
- Plan Sponsor: Sappi North America, INC.
- Sponsor EIN: 232366983
- Sponsor Address: 255 STATE STREET, 4TH FLOOR, BOSTON, MA, 02109
- Plan Type: 401(k)
- Total Participants: 1,252
- Total Assets: $282.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,252 | $282.3M | $3.9M | $12.4M |
| 2023 | 1,242 | $263.9M | $3.5M | $11.4M |
| 2022 | 1,251 | $243.0M | $3.2M | $11.5M |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | NONE | $130,806 | — | $130,806 |
| NEPC, LLC | NONE | $18,745 | — | $18,745 |
| CARON & BLETZER, PLLC | NONE | $3,375 | — | $3,375 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — NONE
- NEPC, LLC — NONE
- CARON & BLETZER, PLLC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $152,926
- Estimated Expense Ratio: 0.054% 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 | $140,776 | — | — | — | — |
| 2023 | $158,852 | — | — | — | — |
| 2022 | $167,149 | — | — | — | — |