Plan Snapshot
- Plan Sponsor: Sylvamo North America, LLC
- Sponsor EIN: 472346896
- Sponsor Address: 6077 PRIMACY PKWY, MEMPHIS, TN, 38119
- Plan Type: 401(k)
- Total Participants: 1,805
- Total Assets: $415.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,805 | $415.0M | $12.9M | $17.0M |
| 2023 | 1,860 | $382.2M | $14.3M | $17.6M |
| 2022 | 1,807 | $320.0M | $12.5M | $16.7M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | NONE | $224,949 | — | $224,949 |
| EMPOWER ADVISORY GROUP, LLC | NONE | $172,225 | — | $172,225 |
| WATKINS UIBERALL PLLC | NONE | $68,000 | — | $68,000 |
| PNC BANK NA | NONE | $13,750 | — | $13,750 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $478,924
- Estimated Expense Ratio: 0.115% 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 | $482,586 | $174,987 | — | $68,000 | — |
| 2023 | $424,922 | $147,157 | — | $35,000 | — |
| 2022 | $272,574 | $126,810 | $145,464 | — | $300 |