Georgia › Manufacturing › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Georgia-Pacific LLC Hourly Pension Plan
Sponsored by Georgia-Pacific LLC, Atlanta, GA
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. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Georgia-Pacific LLC of Atlanta, Georgia sponsors Georgia-Pacific LLC Hourly Pension Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 34,047 participants (6,600 active) and $3.17B in net assets.
Net assets came to $92,995 per participant, above the $88,040 median for defined benefit plans with 25,000 or more participants and well above the $67,961 median for defined benefit plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 4 service provider organisations paid $5,000 or more, with reported compensation of $2.1M: $62.73 per participant, well below the same-size median of $143. Administrative expenses charged to the plan were $5.7M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $1.64B in 2009 to $3.17B in 2024 (up 93%), and participants from 55,644 to 34,047 (down 39%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $92,995 | $88,040 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $6,524 | $6,915 | $10,244 |
| Schedule C compensation per participant | $62.73 | $143 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.07% | 0.26% | 0.47% | 0.42% |
| Administrative expenses per participant | $168 | $306 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 25,000 or more participants (215 plans), manufacturing (1,532) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 34,047 | $3.17B | $92,995 | — | — | $2.1M |
| 2023 | 35,298 | $3.38B | $95,850 | — | — | $2.5M |
| 2022 | 36,675 | $3.42B | $93,246 | — | — | $2.2M |
| 2021 | 37,742 | $3.92B | $103,805 | — | — | $2.4M |
| 2020 | 39,223 | $3.57B | $91,112 | — | — | $2.6M |
| 2019 | 40,631 | $3.48B | $85,660 | $206M | — | $2.3M |
| 2018 | 42,813 | $3.23B | $75,417 | — | — | $3.4M |
| 2017 | 54,271 | $3.42B | $63,073 | $485M | — | $2.5M |
| 2016 | 56,247 | $2.94B | $52,272 | $180M | — | $3.5M |
| 2015 | 58,502 | $3.00B | $51,323 | $212M | — | $3.6M |
| 2014 | 60,184 | $2.91B | $48,295 | $119M | — | $4.2M |
| 2013 | 68,383 | $2.92B | $42,680 | $271M | — | $3.4M |
| 2012 | 67,249 | $2.67B | $39,768 | $74.4M | — | $3.3M |
| 2011 | 68,233 | $2.55B | $37,342 | — | $128M | $3.3M |
| 2010 | 69,510 | $2.57B | $37,029 | $111M | — | $3.4M |
| 2009 | 55,644 | $1.64B | $29,409 | $171M | — | $3.0M |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$3,383,301,383
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results−$19,814,351
- Benefits paid$191,591,817
- Administrative expenses$5,702,752
- Total expenses$197,294,569
- Net income−$217,108,920
- Net transfers$0
- Net assets, end of year$3,166,192,463
Participants
- Active participants6,600
- Retired or separated, receiving benefits16,933
- Retired or separated, entitled to future benefits6,663
- Total participants, end of year34,047
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Alight Solutions, LLC | Recordkeeping and information management | $1,630,424 | $0 |
| Bank of New York Mellon | Custodial (other than securities); Trustee (bank, trust company, or similar financial institution) | $351,976 | $0 |
| Willis Towers Watson US, LLC | Actuarial | $123,600 | $0 |
| CBIZ CPAS P.C. | Accounting (including auditing) | $29,729 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$3,567,023
- Recordkeeping fees$1,630,424
- Trustee and custodial fees$351,976
- Actuarial fees$123,600
- IQPA audit fees$29,729
- Total administrative expenses$5,702,752
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Master trust investment accounts$3.17B · 100.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCBIZ CPAS P.C.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1BBenefits are primarily flat dollar (includes dollars per year of service)3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 321210: Veneer, Plywood, & Engineered Wood Product Mfg.
Other plans of Georgia-Pacific LLC
| Plan | Participants | Net assets |
|---|---|---|
| Georgia-Pacific LLC 401(k) Retirement Savings Plan | 22,298 | $4.72B |
| Georgia-Pacific LLC Hourly 401(k) Plan | 20,790 | $1.49B |
| Georgia-Pacific LLC Salaried Pension Plan | 12,682 | $1.05B |
Similar plans in Georgia
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| The Coca-Cola Company Pension Plan | The Coca-Cola Company | 48,892 | $3.84B | $78,640 |
| Georgia-Pacific LLC Salaried Pension Plan | Georgia-Pacific LLC | 12,682 | $1.05B | $82,676 |
| NCR Pension Plan | Cardtronics USA, Inc. | 11,871 | $990M | $83,387 |
| Newell Brands Consolidated Pension Plan | Newell Operating Company | 11,348 | $634M | $55,825 |
| Southwire Company Hourly Pension Plan | Southwire Company, LLC | 6,136 | $145M | $23,577 |
| Mueller Group, LLC Pension Plan for Selected Employees | Mueller Group, LLC | 4,203 | $285M | $67,768 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Georgia-Pacific LLC Hourly Pension Plan?
34,047 participants at the end of the plan year ending 31 Dec 2024, of whom 6,600 were active employees, with net assets of $3,166,192,463. Among defined benefit plans that places it in the 25,000 or more participants band, which held 215 plans in plan year 2024.
What does Georgia-Pacific LLC contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $2,135,729 in compensation to service provider organisations, $62.73 per participant or 0.07% of net assets. The same-size median among plans reporting any Schedule C compensation was $143 per participant. Administrative expenses on Schedule H were $5,702,752. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Georgia-Pacific LLC. Recordkeeping or administration: Alight Solutions, LLC. Trustee or custodian: Bank of New York Mellon. The financial statements were audited by CBIZ CPAS P.C.. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 13 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 93-0432081, plan 070, received 13 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.