Plan Ledger DOL Form 5500 · updated monthly

Glatfelter Corporation401(k)

GLATFELTER 401(K) SAVINGS PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.09%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Glatfelter Corporation reported $132,408 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $4 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.05% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 155th-largest of 2,005 plans among North Carolina employers on file, and the 1,472nd of 13,661 in manufacturing. In 2024, employees put in $1710.76 for every $1.00 the employer contributed; active participation has grown from 301 to 633 since 2022.

Plan summary
Net assets, end of year$142,662,852
Participants with balances1,158
Active participants633
Employer contributions$2,429
Employee contributions$4,155,439
Employer contribution per active participant$4
Average account balance$123,198
Benefits paid to participants$21,287,816
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$142.7M · 1,158 accts · $2K emplr
2023$137.4M · 1,243 accts · $80K emplr
2022$102.8M · 756 accts · $961 emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$106,408
Audit (IQPA)$26,000
Total administrative$132,408
The Glatfelter Corporation 401(k) match · 2024
Employer contribution per active participant$4
Median for plans this size$3,635
2024$4 per active participant
2023$116 per active participant
2022$3 per active participant

Glatfelter Corporation's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$106,408
INSERO & CO. CPAS, LLP · Accounting / audit$26,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$132,408 · 0.09%
2023$120,928 · 0.10%
2022$64,210 · 0.05%
Same employer
Similar plansManufacturing · North Carolina
Form Technologies, Inc. NC$159.0M · 0.09%
Unifi, Inc. NC$157.9M · 0.12%
Butterball, LLC NC$155.6M · 0.14%
Bell and Howell, LLC NC$144.6M · 0.07%
Shurtape Technologies LLC NC$140.9M · 0.19%
Nn, Inc. NC$127.0M · 0.06%
Glen Raven, Inc. NC$113.3M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 230628360 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.