Plan Snapshot
- Plan Sponsor: Sappi North America, INC.
- Sponsor EIN: 232366983
- Sponsor Address: 255 STATE STREET, BOSTON, MA, 02109
- Plan Type: DB
- Total Participants: 563
- Total Assets: $73.1M
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 | 563 | $73.1M | $0 | $0 |
| 2023 | 560 | $73.5M | $0 | $0 |
| 2022 | 556 | $67.5M | $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 |
|---|---|---|---|---|
| AON CONSULTING, INC. | ACTUARY | $29,575 | — | $29,575 |
| PRINCIPAL TRUST COMPANY | TRUSTEE | $20,450 | — | $20,450 |
| CARON & BLETZER, PLLC | AUDITOR | $18,600 | — | $18,600 |
| FAEGRE DRINKER BIDDLE & REATH LLP | LEGAL | $7,948 | — | $7,948 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AON CONSULTING, INC. — ACTUARY
- PRINCIPAL TRUST COMPANY — TRUSTEE
- CARON & BLETZER, PLLC — AUDITOR
- FAEGRE DRINKER BIDDLE & REATH LLP — LEGAL
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $76,573
- Estimated Expense Ratio: 0.105% 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 | $207,168 | — | — | — | — |
| 2023 | $164,784 | — | — | — | — |
| 2022 | $164,434 | — | — | — | — |