Sappi North America, Inc. Hourly Investment Plan — Form 5500 plan (Sappi North America, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Sappi North America, Inc. Hourly Investment Plan is a benefit plan reported by Sappi North America, Inc. under EIN 23-2366983 and plan number 006. The latest loaded filing year is 2023. The filing reports 1,588 participants and $263,933,883 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$263.9MPlan net assets, end of year$263,933,883
Participants1.6KCovered participants reported1,588
Assets / participant$166.2KComputed: assets ÷ participants$166,205 (computed)
Provider compensation$170.9K3 Schedule C provider row(s)$170,852
- Plan sponsor
- Sappi North America, Inc.
- EIN
- 23-2366983
- Plan number
- 006
- Plan type
- 2
- Location
- Boston, MA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,588 | H, C | 20240919140421NAL0006263265001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$263.9M total assets
Net assets$263.9MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $263,933,883
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $263,933,883
- Net assets (BOY)
- $242,953,465
Income & contributions
- Employer contributions
- $3,498,473
- Participant contributions
- $11,382,606
- Total contributions
- $15,673,799
- Total income / additions
- $51,321,263
Expenses & distributions
- Benefits paid
- $29,385,195
- Administrative expenses
- $158,852
- Total expenses
- $29,589,376
- Net increase / (decrease)
- $21,731,887
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
24%76%
Employer 24%Participant 76%
Total expenses ÷ net assets11%Computed ratio
Benefits paid ÷ total income57%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| The Vanguard Group, Inc. | NONE | $136,239 | $0 | 2023 |
| Nepc, LLC | NONE | $27,193 | not reported in the loaded dataset | 2023 |
| Caron & Bletzer Pllc | NONE | $7,420 | not reported in the loaded dataset | 2023 |