TWIN RIVERS PAPER COMPANY LLC MADAWASKA HOURLY 401(K) PLAN · MADAWASKA, ME · plan year 2024
Employer contribution per participant · 2024
$5,897
Twin Rivers Paper Company LLC's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $81,974,763 across 507 participant accounts, with employer contributions averaging $5,897 per active participant. See methodology for what Form 5500 does and doesn't capture.
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 42nd-largest of 354 plans among Maine employers on file, and the 2,210th of 13,661 in manufacturing. In 2024, employees put in $1.02 for every $1.00 the employer contributed; active participation has grown from 400 to 440 since 2022.
Plan summary
Net assets, end of year$81,974,763
Participants with balances507
Active participants440
Employer contributions$2,594,566
Employee contributions$2,638,078
Employer contribution per active participant$5,897
Average account balance$161,686
Benefits paid to participants$9,868,443
Plan auditUnmodified (clean) audit opinion
AuditorCHESTER M. KEARNEY, PA
Plan history3
Yearassets · accounts · employer contribution
2024$82.0M · 507 accts · $2.6M emplr
2023$76.5M · 510 accts · $2.4M emplr
2022$67.6M · 495 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Investment management$23,452
Audit (IQPA)$6,710
Total administrative-$1,159
The Twin Rivers Paper Company LLC 401(k) match · 2024
Employer contribution per active participant$5,897
Median for plans this size$3,635
2024$5,897 per active participant
2023$6,122 per active participant
2022$5,792 per active participant
Twin Rivers Paper Company LLC's 2024 employer contribution ran above the $3,635 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.
Service providers · 20244
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$15,192
MORGAN STANLEY INSTITUTIONAL INVES · Investment advisory (plan)$8,260
Source: U.S. Department of Labor, Form 5500 series, EIN 271723368 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.