Industry · Form 5500 business code 424100
Paper & Paper Products: 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, 80 retirement plans in paper & paper products with 100 or more participants filed Form 5500: 76 defined contribution and 4 defined benefit. They reported 104,367 participant records and $11.7B in net assets, counting every plan on the form.
The median defined contribution plan held $75,626 per participant, well above the national median of $53,031, and its employer put in $2,012 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $187 per participant against $123 nationally.
Employers contributed $205M and participants $350M during the year, and the plans paid out $1.33B in benefits.
In 2009 the same group numbered 109 plans with $3.29B; by 2024 it was 80 plans (down 27%) and $11.7B (up 255%). 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 | $75,626 | $53,031 | $51,123 | $86,234 |
| Employer contributions per active participant | $2,012 | $2,174 | $22,889 | $10,244 |
| Schedule C compensation per participant | $187 | $123 | $272 | $344 |
| Schedule C compensation, share of net assets | 0.28% | 0.26% | 0.97% | 0.42% |
| Administrative expenses per participant | $163 | $116 | $617 | $527 |
Medians across plans with 100 or more participants (73 DC and 4 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 | $51,166 | $75,626 | $142,885 | 73 |
| Employer contributions per active participant | $869 | $2,012 | $3,194 | 72 |
| Schedule C compensation per participant | $94.62 | $187 | $297 | 70 |
| Administrative expenses per participant | $78.37 | $163 | $281 | 70 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2024 | 80 | 104,367 | $11.7B | $205M | $350M | $75,626 | $187 |
| 2023 | 89 | 151,751 | $11.8B | $220M | $472M | $63,705 | $152 |
| 2022 | 89 | 109,474 | $10.1B | $162M | $334M | $57,980 | $156 |
| 2021 | 91 | 113,358 | $12.4B | $162M | $303M | $71,504 | $161 |
| 2020 | 101 | 122,755 | $12.2B | $199M | $291M | $65,612 | $147 |
| 2019 | 110 | 134,147 | $11.7B | $209M | $302M | $59,971 | $120 |
| 2018 | 105 | 132,765 | $10.1B | $220M | $291M | $47,238 | $115 |
| 2017 | 104 | 131,078 | $10.8B | $239M | $284M | $52,809 | $104 |
| 2016 | 107 | 136,473 | $9.91B | $251M | $278M | $47,953 | $74.03 |
| 2015 | 104 | 101,938 | $5.85B | $220M | $175M | $46,820 | $56.00 |
| 2014 | 103 | 105,711 | $5.95B | $214M | $150M | $45,875 | $64.17 |
| 2013 | 98 | 105,474 | $4.95B | $181M | $129M | $46,336 | $46.19 |
| 2012 | 103 | 109,516 | $4.48B | $135M | $164M | $38,302 | $52.07 |
| 2011 | 103 | 98,282 | $3.98B | $96.8M | $157M | $35,576 | $57.69 |
| 2010 | 107 | 108,409 | $3.50B | $70.5M | $132M | $34,651 | $68.29 |
| 2009 | 109 | 109,519 | $3.29B | $71.0M | $133M | $32,180 | $70.18 |
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 80 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 80 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Ricoh USA, Inc. Retirement Savings Plan | Ricoh USA, Inc. | PA | DC | 16,405 | $2.17B | $132,038 | $2,377 | $39.59 |
| Bunzl USA, LLC Deferred Savings Plan | Bunzl USA, LLC | MO | DC | 8,433 | $942M | $111,736 | $3,193 | $109 |
| Business Performance Savings Plan of Hallmark Cards, Incorporated | Hallmark Cards, Inc. | MO | DC | 8,190 | $2.01B | $245,345 | $4,449 | $259 |
| Ikon Office Solutions, Inc. Pension Plan | Ricoh USA, Inc. | PA | DB | 7,890 | $385M | $48,779 | — | $376 |
| Imperial Bag & Paper Co., LLC Employee Benefit Plan | Imperial Bag & Paper Co., LLC | NJ | DC | 7,778 | $368M | $47,257 | $1,711 | $62.95 |
| Cash Balance Retirement Plan of Hallmark Cards, Inc. | Hallmark Cards, Inc. | MO | DB | 6,585 | $427M | $64,894 | $22,889 | $165 |
| Veritiv Retirement Savings Plan | Veritiv Operating Company | GA | DC | 5,726 | $1.28B | $223,420 | $4,231 | $71.46 |
| Envoy Solutions Retirement Savings Plan | Envoy Solutions, LLC | IL | DC | 4,319 | $282M | $65,230 | $1,984 | $147 |
| Retail Service Group Savings Plan of Hallmark Cards, Incorporated | Hallmark Cards, Inc. | MO | DC | 4,164 | $67.5M | $16,203 | $157 | $33.53 |
| Hallmark Affiliates Employee Savings Plan | Hallmark Cards, Inc. | MO | DC | 3,365 | $443M | $131,626 | $4,952 | $164 |
| Ricoh Family Group Pension Equity Plan | Ricoh USA, Inc. | PA | DB | 2,926 | $156M | $53,466 | — | $621 |
| Orora Packaging Solutions 401(k) Savings Plan | Orora Packaging Solutions | CA | DC | 2,252 | $304M | $135,081 | $371 | $16.77 |
| The Havi Group Limited Partnership Profit Sharing and Savings Plan | The Havi Group Limited Partnership | IL | DC | 1,714 | $412M | $240,585 | $10,455 | $136 |
| S.P. Richards 401(k) Retirement Plan | S.P. Richards Company | GA | DC | 1,507 | $66.8M | $44,305 | $769 | $53.73 |
| Pac Worldwide Corporation 401(k) Profit Sharing Plan | Pac Worldwide Corporation | WA | DC | 1,140 | $37.4M | $32,814 | $1,623 | $97.51 |
| Midland Paper Company 401(k) Plan and Trust | Midland Paper Company | IL | DC | 1,034 | $106M | $102,266 | $1,733 | $7.77 |
| Retirement Savings Plan | Linden Trading Company, Inc. | CA | DC | 973 | $13.1M | $13,498 | — | $37.61 |
| Amercareroyal 401(k) Plan | Amercareroyal, LLC | PA | DC | 778 | $28.7M | $36,940 | $2,039 | $73.08 |
| Shorr Packaging Corp. Employees Profit Sharing & 401(k) Plan | Hanchett Paper Company | IL | DC | 744 | $75.7M | $101,716 | $859 | $52.79 |
| Shorr Paper Products, Inc. Employee Stock Ownership Plan | Hanchett Paper Company DBA Shorr Paper Products, Inc. | IL | DC | 711 | $355M | $499,015 | $10,681 | — |
| The Kelly Spicers 401(k) Plan | Kelly Spicers Inc. | CA | DC | 711 | $133M | $187,532 | $4,736 | $73.30 |
| The Profit Sharing Plan and Trust of West Coast Paper Company | West Coast Paper Company | WA | DC | 693 | $87.6M | $126,390 | $2,659 | $240 |
| Crown Packaging Corp. 401(k) Plan | Crown Packaging Corp. | MO | DC | 674 | $147M | $218,447 | $3,168 | $95.44 |
| Cellmark Profit Sharing Plan and Trust | Cellmark, Inc. | CT | DC | 617 | $155M | $250,760 | $12,119 | $342 |
| R.J. Schinner Co., Inc. 401(k) Savings Plan | R.J. Schinner Co., Inc. | WI | DC | 603 | $27.4M | $45,434 | $1,312 | $333 |
| Favarh 403(b) Retirement Plan | The Arc of the Farmington Valley, Inc. | CT | DC | 551 | $7.4M | $13,360 | $2,761 | $126 |
| Distribution Management, Inc. 401(k) Plan | Distribution Management, Inc. | MO | DC | 437 | $32.9M | $75,341 | $834 | $267 |
| Ranpak Corp. 401(k) Profit Sharing Plan and Trust | Ranpak Corp. | OH | DC | 407 | $22.4M | $55,048 | $2,763 | $152 |
| Hallmark Retiree Pension Plan | Hallmark Cards, Inc. | MO | DB | 393 | $4.8M | $12,192 | — | $167 |
| Warehouse Direct Incorporated 401(k) Profit Sharing Plan and Trust | Warehouse Direct Incorporated | IL | DC | 372 | $19.8M | $53,173 | $107 | $385 |
| Central National Gottesman Inc. Profit Sharing Plan | Central National Gottesman Inc. | NY | DC | 367 | $131M | $355,648 | $9,285 | $3,467 |
| Case Paper Co., Inc. 401(k) Profit Sharing Plan | Case Paper Co., Inc. | NY | DC | 347 | $17.9M | $51,450 | $313 | $296 |
| Roosevelt Paper Company 401(k) Retirement Savings Plan | Roosevelt Paper Company | NJ | DC | 343 | $51.9M | $151,166 | $3,127 | $0.58 |
| Gould Paper Corporation Employees' Profit Sharing and Retirement Plan | Gould Paper Corporation | NY | DC | 336 | $48.0M | $142,885 | $3,196 | $406 |
| The Box Maker, Inc. 401(k) Retirement Plan | The Box Maker | WA | DC | 305 | $14.0M | $45,975 | $17 | $94.34 |
| Fedrigoni US Employee Savings & Retirement Plan | Gpa Acquisition Company, LLC | IL | DC | 303 | $22.5M | $74,254 | $1,233 | $345 |
| Individual Foodservice Union Retirement Plan | Ifs Acquisition LLC | CA | DC | 302 | $6.9M | $22,830 | $1,732 | $82.58 |
| Forms & Supply, Inc. 401(k) Plan | Forms & Supply Inc. | NC | DC | 299 | $11.5M | $38,394 | $72 | $177 |
| The Millcraft Paper Company Savings & Investment Plan | The Millcraft Paper Company | OH | DC | 299 | $22.4M | $74,784 | $1,404 | $458 |
| S. Walter Packaging Corp. 401(k) Savings and Investment Plan | S. Walter Packaging Corp. | PA | DC | 291 | $15.5M | $53,163 | $851 | $210 |
By plan size
By state
Questions and answers
How many retirement plans are there in paper & paper products?
80 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 118 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 paper & paper products?
The median defined contribution plan reported $75,626 in net assets per participant (middle half of plans: $51,166 to $142,885); 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 paper & paper products?
The median defined contribution plan received $2,012 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 paper & paper products?
Among defined contribution plans that report any Schedule C compensation, the median was $187 per participant and 0.28% 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.