Plan Ledger DOL Form 5500 · updated monthly

Woodland Pulp LLC401(k)

WOODLAND MILL HOURLY 401(K) PLAN · BAILEYVILLE, ME · plan year 2023

Reported admin expense ratio · 2023
0.06%

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

Woodland Pulp LLC reported $25,128 in plan administrative expenses for 2023: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,744 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 1 year on file its reported administrative ratio fell from 0.07% to 0.06%. 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 73rd-largest of 354 plans among Maine employers on file, and the 3,430th of 13,661 in manufacturing. In 2023, the employer put in $1.09 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$44,207,857
Participants with balances422
Active participants337
Employer contributions$2,272,708
Employee contributions$2,086,175
Employer contribution per active participant$6,744
Average account balance$104,758
Benefits paid to participants$4,210,615
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$44.2M · 422 accts · $2.3M emplr
2022$37.5M · 444 accts · $2.4M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$25,128
Total administrative$25,128
The Woodland Pulp LLC 401(k) match · 2023
Employer contribution per active participant$6,744
Median for plans this size$2,440
2023$6,744 per active participant
2022$6,372 per active participant

Woodland Pulp LLC's 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$25,127

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

Administrative cost history2
2023$25,128 · 0.06%
2022$29,437 · 0.07%
All plans at this employer2
WOODLAND MILL SALARIED 401(K) PLAN401(k)
WOODLAND MILL HOURLY 401(K) PLAN401(k)
Similar plansManufacturing · Maine
Elmet Technologies LLC ME$98.8M · 0.07%
Lsi Industries Inc. ME$88.4M · 0.31%
Hussey Corporation ME$59.1M · 0.23%
Nichols Portland, LLC ME$40.6M · 0.45%
Letter Systems, Inc. ME$26.9M · 0.43%
Somic America, Inc. ME$25.9M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522326683 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.