Billerud Americas Corporation 401(k) Review & Grade
Billerud Americas Corporation Retirement Savings Plan for Non Union Employees
Miamisburg, OHManufacturing864 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,342Employer $ per active participant
$12,066Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$360.2MNet plan assets, end of year
$275,191Average balance per account
Score breakdown
- Employer generosity46.9 / 5094th percentile for employer $ per participant
- Low cost15.5 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1594th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 62th |
| Employee saving | 94th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $33,029 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Billerud Americas put in about $8,342 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $7,207,906 |
| Participant (employee) contributions | $10,424,994 |
| Other contributions (incl. rollovers in) | $140,254 |
| Administrative expenses paid from the plan | $546,213 |
| Investment advisory & management fees | $218,787 |
| Benefits paid out | $36,690,195 |
| Net assets, start / end of year | $333.5M / $360.2M |
| Active participants, start / end of year | 881 / 847 |
| Participants with account balances | 1,309 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clark, Schaefer, Hackett & Co |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $327,426 reported compensation |
| Stephens Inc | $93,192 reported compensation |
| D & G Advisory Group LLC | $91,978 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007114424NAL0002433107002, received 2025-10-07, EIN 75-3217389, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.