Georgia-Pacific LLC 401(k) Review & Grade
Georgia-Pacific LLC Hourly 401(k) Plan
Atlanta, GAManufacturing15,302 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,654Employer $ per active participant
$5,435Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$1.5BNet plan assets, end of year
$72,740Average balance per account
Score breakdown
- Employer generosity10.0 / 5020th percentile for employer $ per participant
- Low cost8.4 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 34th |
| Employee saving | 25th |
| Peers that auto-enroll | 69% |
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Red flags from the filing
Corrective distributions: the plan refunded $8,156 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Georgia-Pacific put in about $2,654 per active participant, below the typical peer ($5,480). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $40,610,573 |
| Participant (employee) contributions | $83,166,165 |
| Other contributions (incl. rollovers in) | $3,125,567 |
| Administrative expenses paid from the plan | $1,870,036 |
| Contract administrator fees | $14,100 |
| Investment advisory & management fees | $801,442 |
| Other admin expenses | $92,303 |
| Benefits paid out | $234,687,062 |
| Net assets, start / end of year | $1.4B / $1.5B |
| Active participants, start / end of year | 15,171 / 15,433 |
| Participants with account balances | 20,425 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $973,617 reported compensation |
| Strategic Advisors, Inc. | $801,442 reported compensation |
| Alight Solutions LLC | $31,125 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009114352NAL0003873587001, received 2025-10-09, EIN 93-0432081, plan #073, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.