Industry · Form 5500 business code 322200
Converted Paper Product Mfg: retirement plans
Plans whose sponsor entered this principal business activity code on Form 5500.
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. The business code is chosen by the filer from the list in the Form 5500 instructions.
For plan year 2024, 195 retirement plans in converted paper product mfg with 100 or more participants filed Form 5500: 174 defined contribution and 21 defined benefit. They reported 167,536 participant records and $14.5B in net assets, counting every plan on the form.
The median defined contribution plan held $61,403 per participant, above the national median of $53,031, and its employer put in $1,749 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $147 per participant against $123 nationally.
Employers contributed $358M and participants $613M during the year, and the plans paid out $1.73B in benefits.
In 2009 the same group numbered 332 plans with $10.0B; by 2024 it was 195 plans (down 41%) and $14.5B (up 44%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Medians compared with all US plans
| Median plan, plan year 2024 | Industry: DC | US: DC | Industry: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $61,403 | $53,031 | $50,508 | $86,234 |
| Employer contributions per active participant | $1,749 | $2,174 | $1,501 | $10,244 |
| Schedule C compensation per participant | $147 | $123 | $216 | $344 |
| Schedule C compensation, share of net assets | 0.32% | 0.26% | 0.55% | 0.42% |
| Administrative expenses per participant | $150 | $116 | $323 | $527 |
Medians across plans with 100 or more participants (167 DC and 21 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $37,490 | $61,403 | $87,454 | 167 |
| Employer contributions per active participant | $1,114 | $1,749 | $2,662 | 162 |
| Schedule C compensation per participant | $81.70 | $147 | $266 | 160 |
| Administrative expenses per participant | $82.70 | $150 | $247 | 160 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2025partial | 32 | 30,271 | $3.62B | $50.8M | $144M | $84,269 | $123 |
| 2024 | 195 | 167,536 | $14.5B | $358M | $613M | $61,403 | $147 |
| 2023 | 205 | 171,772 | $13.7B | $361M | $583M | $53,906 | $138 |
| 2022 | 238 | 171,987 | $12.2B | $345M | $577M | $44,599 | $128 |
| 2021 | 248 | 174,832 | $15.2B | $338M | $553M | $54,803 | $141 |
| 2020 | 248 | 171,981 | $14.3B | $333M | $512M | $51,080 | $125 |
| 2019 | 250 | 172,855 | $12.8B | $333M | $480M | $46,421 | $123 |
| 2018 | 261 | 166,237 | $10.6B | $294M | $436M | $40,794 | $98.05 |
| 2017 | 267 | 175,461 | $12.8B | $496M | $395M | $45,233 | $88.37 |
| 2016 | 277 | 183,285 | $11.6B | $303M | $371M | $41,388 | $79.63 |
| 2015 | 282 | 202,664 | $14.5B | $296M | $372M | $38,914 | $78.30 |
| 2014 | 279 | 203,046 | $13.5B | $257M | $337M | $40,942 | $63.30 |
| 2013 | 295 | 216,737 | $13.8B | $312M | $335M | $38,596 | $58.02 |
| 2012 | 303 | 216,937 | $12.1B | $298M | $273M | $33,562 | $56.46 |
| 2011 | 306 | 216,522 | $11.3B | $379M | $299M | $30,241 | $58.24 |
| 2010 | 308 | 224,048 | $11.1B | $311M | $278M | $31,966 | $52.90 |
| 2009 | 332 | 235,451 | $10.0B | $290M | $280M | $27,547 | $37.64 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 195 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 195 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Westrock Company 401(k) Retirement Savings Plan | Westrock Company | GA | DC | 45,282 | $4.98B | $110,014 | $4,837 | $72.95 |
| Pratt Industries, Inc. 401(k) Profit Sharing Plan | Pratt Industries U.S.A., Inc. | GA | DC | 11,108 | $552M | $49,676 | $2,260 | $49.10 |
| Avery Dennison Corporation Employee Savings Plan | Avery Dennison Corporation | OH | DC | 8,975 | $1.49B | $166,469 | $0 | $83.41 |
| Proampac Retirement Plan | Proampac Holdings Inc. | OH | DC | 4,631 | $299M | $64,481 | $1,716 | $144 |
| Ajm Packaging Corporation 401(k) Plan | Ajm Packaging Corporation | MI | DC | 4,157 | $43.6M | $10,493 | $384 | $24.76 |
| Savings Plan for Transcontinental US, LLC and Certain of Its Affiliates | Transcontinental US, LLC | IL | DC | 3,032 | $186M | $61,215 | $2,253 | $144 |
| The Kraft Group Retirement and 401(k) Plan | The Kraft Group LLC | MA | DC | 2,737 | $236M | $86,230 | $1,995 | $20.77 |
| Rockline Industries, Inc. Retirement Savings Plan | Rockline Industries, Inc. | WI | DC | 2,700 | $178M | $65,996 | $1,260 | $81.55 |
| Cenveo Worldwide Limited 401(k) Savings and Retirement Plan | Cenveo Worldwide Limited | CT | DC | 2,624 | $160M | $60,925 | $92 | $59.91 |
| Huhtamaki Retirement Accrual Plan | Huhtamaki Americas, Inc. | KS | DB | 2,526 | $175M | $69,327 | — | $395 |
| Tetra Pak Retirement Savings Plan | Tetra Pak, Inc. | TX | DC | 2,084 | $500M | $239,999 | $12,641 | $196 |
| Local 381 Pension Fund | Board of Trustees Local 381 Pension | NY | DB | 1,917 | $99.7M | $51,986 | $866 | $361 |
| Welch Packaging Group, Inc. 401(k) Profit Sharing Plan and Trust | Welch Packaging Group, Inc. | IN | DC | 1,763 | $54.9M | $31,126 | $1,172 | $131 |
| Hood Packaging Corporation Savings Plan | Hood Packaging Corporation | MS | DC | 1,680 | $117M | $69,624 | $2,519 | $124 |
| Mondi Retirement Savings Plan USA | Mondi U.S. Holdings LLC | IL | DC | 1,632 | $134M | $82,045 | $3,121 | $103 |
| Great Northern Corporation Retirement Savings Plan | Great Northern Corporation | WI | DC | 1,627 | $370M | $227,193 | $11,395 | $88.30 |
| Appvion, Inc. Retirement Savings and Employee Stock Ownership Plan | Appvion, Inc. | UT | DC | 1,597 | — | — | — | — |
| Sappi North America, Inc. Hourly Investment Plan | Sappi North America, Inc. | MA | DC | 1,589 | $306M | $192,777 | $4,070 | $101 |
| Atlantic Corporation of Wilmington, Inc. 401(k) Profit Sharing Plan | Atlantic Corporation of Wilmington, Inc. | NC | DC | 1,364 | $196M | $143,716 | $5,081 | $284 |
| Cartamundi North America 401(k) Plan | Cartamundi East Longmeadow LLC | MA | DC | 1,344 | $77.9M | $57,971 | $3,394 | $49.86 |
| Flexcon Holdings Trust Retirement Plan | Flexcon Company, Inc. | MA | DC | 1,288 | $173M | $134,071 | $3,500 | $84.36 |
| New Indy Container Board Packaging 401(k) Retirement Plan | New-Indy Containerboard, LLC | CA | DC | 1,277 | $56.2M | $44,036 | $2,465 | $159 |
| Unique Industries, Inc. 401(k) and Profit Sharing Plan | Unique Industries, Inc. | PA | DC | 1,101 | $44.8M | $40,725 | $1,791 | $131 |
| Novolex Te 401(k) Plan | Novolex Holdings, LLC | SC | DC | 1,084 | $17.4M | $16,080 | $1,478 | $68.41 |
| Sappi North America, Inc. Salaried Investment Plan | Sappi North America, Inc. | MA | DC | 1,060 | $405M | $382,462 | $8,401 | $108 |
| Fleetwood - Fibre Packaging & Graphics, Inc. Retirement Savings and Profit | Fleetwood - Fibre Packaging & Graphics, Inc. | CA | DC | 1,060 | $52.2M | $49,278 | $665 | $189 |
| Loparex LLC 401(k) Plan | Loparex, LLC | NC | DC | 973 | $97.9M | $100,594 | $5,649 | $20.77 |
| Premier Packaging, LLC 401(k) Plan | Premier Packaging, LLC | KY | DC | 944 | $35.3M | $37,411 | $1,570 | $7.57 |
| Fellowes, Inc. 401(k) Retirement Plan | Fellowes, Inc. | IL | DC | 901 | $137M | $152,160 | $3,399 | $173 |
| Paperworks Industries, Inc. Savings Plan | Paperworks Industries, Inc. | PA | DC | 887 | $57.5M | $64,836 | $2,464 | $168 |
| Mill Rock Packaging, Inc. Retirement Savings Plan | Mill Rock Packaging, Inc. | WA | DC | 886 | $60.8M | $68,601 | $2,201 | $147 |
| LC Industries Surplus Sharing & 401(k) Plan | LC Industries, Inc. | NC | DC | 875 | $62.8M | $71,741 | $2,663 | $102 |
| Sappi North America, Inc. Retirement Plan for Hourly Employees | Sappi North America, Inc. | MA | DB | 871 | $71.6M | $82,219 | $0 | $61.00 |
| Sappi North America, Inc. Central Mills Employees' Retirement Plan | Sappi North America, Inc. | MA | DB | 855 | $73.1M | $85,447 | $0 | $89.56 |
| Inovar Packaging Group, LLC 401(k) Profit Sharing Plan | Inovar Packaging Group, LLC | TX | DC | 847 | $40.3M | $47,585 | $1,939 | $202 |
| Rusken Packaging, Inc. 401(k) Plan | Rusken Packaging, Inc. | AL | DC | 792 | $28.2M | $35,570 | $1,203 | $188 |
| Opus Packaging Group, Inc. 401(k) Profit Sharing Plan | Opus Packaging Group, Inc. | MI | DC | 785 | $29.5M | $37,569 | $2,245 | $183 |
| The Smead Manufacturing Company Employees' Investment Plan and Trust | The Smead Manufacturing Company | MN | DC | 774 | $119M | $154,009 | $201 | $163 |
| Tidi Products, LLC Incentive Savings Plan | Tidi Products, LLC | WI | DC | 761 | $73.5M | $96,599 | $3,625 | $86.94 |
| Aspen Products, Inc. 401(k) Plan | Aspen Products, Inc. | MO | DC | 750 | $21.4M | $28,518 | $1,096 | $92.73 |
By plan size
By state
Questions and answers
How many retirement plans are there in converted paper product mfg?
195 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 241 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in converted paper product mfg?
The median defined contribution plan reported $61,403 in net assets per participant (middle half of plans: $37,490 to $87,454); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in converted paper product mfg?
The median defined contribution plan received $1,749 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in converted paper product mfg?
Among defined contribution plans that report any Schedule C compensation, the median was $147 per participant and 0.32% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.