Smurfit Kappa North America LLC 401(k) Review & Grade
Smurfit Kappa North America 401(k)/profit Sharing Plan
Irving, TXManufacturing1,147 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,058Employer $ per active participant
$5,151Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$117.8MNet plan assets, end of year
$85,362Average balance per account
Score breakdown
- Employer generosity37.8 / 5076th percentile for employer $ per participant
- Low cost14.9 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1553th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 60th |
| Employee saving | 53th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,510 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $31,342 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Smurfit Kappa North America put in about $4,058 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $4,654,015 |
| Participant (employee) contributions | $5,908,176 |
| Other contributions (incl. rollovers in) | $496,791 |
| Administrative expenses paid from the plan | $187,592 |
| Other admin expenses | $22,500 |
| Benefits paid out | $10,469,016 |
| Net assets, start / end of year | $104.6M / $117.8M |
| Active participants, start / end of year | 1,081 / 1,213 |
| Participants with account balances | 1,380 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $129,167 reported compensation |
| Baker Tilly US, LLP | $31,397 reported compensation |
| 401k Advisors Inc | $22,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250927185335NAL0009438833001, received 2025-09-27, EIN 80-0227704, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.