# Sappi North America, INC. DB Plan
Source: https://planprovider.pro/companies/sappi-north-america-inc-plan-036

> Sappi North America, INC.'s DB plan: 563 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/alight-solutions) — ACTUARY

- [PRINCIPAL TRUST COMPANY](https://planprovider.pro/provider/principal-financial-group-inc) — TRUSTEE

- [CARON & BLETZER, PLLC](https://planprovider.pro/provider/caron-bletzer) — AUDITOR

- [FAEGRE DRINKER BIDDLE & REATH LLP](https://planprovider.pro/provider/faegre-drinker-biddle-and-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|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/sappi-north-america-inc-plan-036)

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