Plan Snapshot
- Plan Sponsor: Sappi North America, INC.
- Sponsor EIN: 232366983
- Sponsor Address: 255 STATE STREET, BOSTON, MA, 02109
- Plan Type: DB
- Total Participants: 211
- Total Assets: $85.4M
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 | 211 | $85.4M | $0 | $0 |
| 2023 | 219 | $85.4M | $0 | $0 |
| 2022 | 239 | $79.0M | $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 |
|---|---|---|---|---|
| NEW ENGLAND PENSION CONSULTANTS | CONSULTANT | $104,885 | — | $104,885 |
| INCOME RESEARCH & MANAGEMENT | INVESTMENT MANAGER | $95,953 | — | $95,953 |
| WELLINGTON MANAGEMENT | INVESTMENT MANAGER | $80,382 | — | $80,382 |
| PRINCIPAL TRUST COMPANY | TRUSTEE | $46,918 | — | $46,918 |
| MELLON CAPITAL | INVESTMENT MANAGER | $32,433 | — | $32,433 |
| SILCHESTER INTERNATIONAL INVESTORS | INVESTMENT MANAGER | $29,423 | — | $29,423 |
| AON CONSULTING, INC. | ACTUARY | $21,559 | — | $21,559 |
| CARON & BLETZER, PLLC | AUDITOR | $18,800 | — | $18,800 |
| LOOMIS SAYLES TRUST COMPANY | INVESTMENT MANAGER | $17,430 | — | $17,430 |
| STATE STREET GLOBAL ADVISORS | INVESTMENT ADVISOR | $5,277 | — | $5,277 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PRINCIPAL TRUST COMPANY — TRUSTEE
- AON CONSULTING, INC. — ACTUARY
- CARON & BLETZER, PLLC — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $453,060
- Estimated Expense Ratio: 0.531% 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 | $449,781 | — | — | — | — |
| 2023 | $428,610 | — | — | — | — |
| 2022 | $558,040 | — | — | — | — |