Georgia-Pacific LLC 401(k) Review & Grade
Georgia-Pacific LLC 401(k) Retirement Savings Plan
Atlanta, GAManufacturing15,168 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,834Employer $ per active participant
$9,770Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$4.7BNet plan assets, end of year
$212,563Average balance per account
Score breakdown
- Employer generosity36.3 / 5073th percentile for employer $ per participant
- Low cost19.8 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 79th |
| Employee saving | 58th |
| Peers that auto-enroll | 69% |
Red flags from the filing
Corrective distributions: the plan refunded $972,532 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Georgia-Pacific put in about $7,834 per active participant, more than the typical peer ($5,480). 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 | $118,825,797 |
| Participant (employee) contributions | $148,196,060 |
| Other contributions (incl. rollovers in) | $24,840,084 |
| Administrative expenses paid from the plan | $1,689,133 |
| Contract administrator fees | $13,500 |
| Investment advisory & management fees | $1,707,206 |
| Other admin expenses | $117,021 |
| Benefits paid out | $583,202,849 |
| Net assets, start / end of year | $4.4B / $4.7B |
| Active participants, start / end of year | 14,841 / 15,495 |
| Participants with account balances | 22,210 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $1,707,207 reported compensation |
| Alight Financial Advisors, LLC | $35,500 reported compensation |
| The Vanguard Group, Inc. | $31,468 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009114242NAL0006520833001, received 2025-10-09, EIN 93-0432081, plan #018, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
Other 401(k) plans filed under this employer's EIN
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