Plan Ledger DOL Form 5500 · updated monthly

Sylvamo North America, LLC401(k)

SYLVAMO SAVINGS PLAN · MEMPHIS, TN · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Sylvamo North America, LLC reported $482,586 in plan administrative expenses for 2024: 0.12% of average plan assets, above the peer median. Employer contributions averaged $7,121 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 0.08% to 0.12%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 54th-largest of 1,496 plans among Tennessee employers on file, and the 661st of 13,661 in manufacturing. In 2024, employees put in $1.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$415,008,767
Participants with balances1,991
Active participants1,805
Employer contributions$12,852,720
Employee contributions$16,967,731
Employer contribution per active participant$7,121
Average account balance$208,442
Benefits paid to participants$44,502,053
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$415.0M · 1,991 accts · $12.9M emplr
2023$382.2M · 2,000 accts · $14.3M emplr
2022$320.0M · 1,885 accts · $12.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$224,949
Investment management$174,987
Audit (IQPA)$68,000
Trustee / custodial$13,750
Total administrative$482,586
The Sylvamo North America, LLC 401(k) match · 2024
Employer contribution per active participant$7,121
Median for plans this size$4,294
2024$7,121 per active participant
2023$7,697 per active participant
2022$6,900 per active participant

Sylvamo North America, LLC's 2024 employer contribution ran above the $4,294 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping · Loan processing$224,949
EMPOWER ADVISORY GROUP, LLC · Investment advisory (participants) · Investment management$172,225
WATKINS UIBERALL PLLC · Accounting / audit$68,000
PNC BANK NA · Trustee (directed)$13,750

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

Recordkeeper by year2
2024Empower
2023Empower

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Administrative cost history3
2024$482,586 · 0.12%
2023$424,922 · 0.12%
2022$272,574 · 0.08%
Same employer
Similar plansManufacturing · Tennessee
McKee Foods Corporation TN$1.1B · 0.09%
Akzo Nobel Inc. TN$818.9M · 0.13%
Astec Industries, Inc. TN$350.1M · 0.21%
Resolute Fp US Inc. TN$332.1M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472346896 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.