Plan Ledger DOL Form 5500 · updated monthly

Jackson Paper Manufacturing Company401(k)

JACKSON PAPER MANUFACTURING COMPANY RETIREMENT SAVINGS PLAN · SYLVA, NC · plan year 2023

Reported admin expense ratio · 2023
0.43%

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

Jackson Paper Manufacturing Company reported $81,019 in plan administrative expenses for 2023: 0.43% of average plan assets, above the peer median. Employer contributions averaged $3,721 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 0.32% to 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 737th-largest of 2,005 plans among North Carolina employers on file, and the 5,948th of 13,661 in manufacturing. In 2023, employees put in $1.40 for every $1.00 the employer contributed; active participation has grown from 174 to 194 since 2022.

Plan summary
Net assets, end of year$19,914,348
Participants with balances270
Active participants194
Employer contributions$721,836
Employee contributions$1,009,583
Employer contribution per active participant$3,721
Average account balance$73,757
Benefits paid to participants$2,108,163
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$19.6M · 244 accts · $717K emplr
2023$19.9M · 270 accts · $722K emplr
2022$17.9M · 243 accts · $617K emplr
Administrative expenses, itemized · 2023
Investment management$81,019
Total administrative$81,019
The Jackson Paper Manufacturing Company 401(k) match · 2023
Employer contribution per active participant$3,721
Median for plans this size$2,440
2024$3,499 per active participant
2023$3,721 per active participant
2022$3,546 per active participant

Jackson Paper Manufacturing Company's 2023 employer contribution ran above the $2,440 median for plans its size. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
EMPOWER ADVISORY GROUP, LLC · Investment management$59,153
FIFTH THIRD BANK · Investment advisory (plan)$21,866

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$88,174 · 0.45%
2023$81,019 · 0.43%
2022$64,121 · 0.32%
Same employer
Similar plansManufacturing · North Carolina
Implus Footcare, LLC NC$20.9M · 0.56%
Abb E-Mobility Inc. NC$20.5M · 0.04%
Mm Packaging US Inc. NC$20.3M · 0.58%
Joerns Healthcare, LLC NC$20.0M · 0.77%
Daramic, LLC NC$19.9M · 0.08%
Allen Industries, Inc NC$19.6M · 0.27%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 582139114 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.