Sylvamo North America, LLC 401(k) Review & Grade
Sylvamo Savings Plan
Memphis, TNManufacturing1,832 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,014Employer $ per active participant
$9,259Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$415.0MNet plan assets, end of year
$208,442Average balance per account
Score breakdown
- Employer generosity45.6 / 5091th percentile for employer $ per participant
- Low cost17.3 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving13.0 / 1587th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score86 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 69th |
| Employee saving | 87th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Sylvamo North America put in about $7,014 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 | $12,852,720 |
| Participant (employee) contributions | $16,967,731 |
| Other contributions (incl. rollovers in) | $1,360,576 |
| Administrative expenses paid from the plan | $482,586 |
| Investment advisory & management fees | $174,987 |
| Other admin expenses | $900 |
| Benefits paid out | $44,502,053 |
| Net assets, start / end of year | $382.2M / $415.0M |
| Active participants, start / end of year | 1,860 / 1,805 |
| Participants with account balances | 1,991 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Watkins Uiberall PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $224,949 reported compensation |
| Empower Advisory Group, LLC | $172,225 reported compensation |
| Watkins Uiberall PLLC | $68,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013202830NAL0000934995001, received 2025-10-13, EIN 47-2346896, plan #020, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.