Defined Benefit (Pension) · DOL Form 5500 · 2024

Sappi North America, Inc. Pension Plan

Data updated 2026-08-11

$41M
Total assets: 135
Participants: 82nd
Percentile by assets: $304,543
Avg per participant

Official DOL plan name: Sappi North America, Inc. Cumberland Mills Hourly Employees' Retirement Plan · Sponsored by Sappi North America, Inc. · Massachusetts · Manufacturing

$41M in assets, 135 participants

Sappi North America, Inc.'s Sappi North America, Inc. Cumberland Mills Hourly Employees' Retirement Plan reported $41M in total assets and 135 participants in its 2024 DOL Form 5500 filing, ranking in the 82nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

82nd percentile by assets (of 123,622 plans)
#13,242 in Manufacturing (17,777 peers)

Coverage in Massachusetts

Sappi North America, Inc. Cumberland Mills Hourly Employees' Retirement Plan covers 135 participants in Massachusetts, about 21% of the average Massachusetts filer (state average ~659 per filing). Assets: $41M.

$41M
total plan assets (2024 EOY): 135
covered participants: 82nd
percentile by assets (of 123,622 plans): $304,543
avg assets per participant

The plan reported a net loss of $541K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Sappi North America, Inc. Cumberland Mills Hourly Employees' Retirement Plan reported net income fell from $3M in the plan year 2023 filing to -$541K in the plan year 2024 filing.
Sappi North America, Inc. Cumberland Mills Hourly Employees' Retirement Plan reported participants fell from 141 in the plan year 2023 filing to 135 in the plan year 2024 filing.
Sappi North America, Inc. Cumberland Mills Hourly Employees' Retirement Plan end-of-year assets fell from $42M in the plan year 2023 filing to $41M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Massachusetts

Industry

Manufacturing

Participants vs Massachusetts filers

In Massachusetts, the average filing covers about 659 participants across 4,265 plans. Sappi North America, Inc. Cumberland Mills Hourly Employees' Retirement Plan reports 135 participants - about 21% of that state average ($41M EOY assets).

Massachusetts filing particulars

Total Assets (Beginning of Year)	$42M
Net Assets (End of Year)	$41M
Net Income	-$541K
Employer EIN	232366983
Plan Effective Date	1994-10-31
Filing Status	FILING RECEIVED

Sponsor Plan History (Sappi North America, Inc.)

Total plan assets by year, all Sappi North America, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	6	3,593	$801M
2023	6	3,525	$885M
2024	6	3,517	$930M

Nearby Defined Benefit (Pension) Plans in Massachusetts

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Sappi North America, Inc. Cumberland Mills Hourly Employees' Retirement Plan vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants

Consolidated Cash Balance Program of Mass General Brigham and Member Organizations $11.6B · 60,621
New England Teamsters Pension Fund $9.1B · 21,577
Liberty Mutual Retirement Benefit Plan $6.3B · 34,910
Massachusetts Institute of Technology Basic Retirement Plan $5.9B · 12,533
N. Atlantic States Carp. Pension Fund $5.1B · 16,946

Compare Sappi North America, Inc. Cumberland Mil… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Sappi North America, Inc. Cumberland Mills Hourly Employees' Retirement Plan by total assets, not by location.

Pension Plan for Bargaining Unit Employees of Nextiraone LLC (PA) $41M · 8
Retirement Plan for Employees of Cambrex Corporation (NJ) $41M · 29
Gerdau Ameristeel US Pension Plan for Union Employees (FL) $41M · 43
Stoel Rives LLP Cash Balance Plan (OR) $41M · 192

Frequently Asked Questions

How did Sappi North America, Inc. Cumberland Mills Hourly Employees' Retirement Plan assets move in 2024? ▼

Sappi North America, Inc. Cumberland Mills Hourly Employees' Retirement Plan edged down modestly - down 1.3% during 2024, from $42M to $41M. Reported net income was -$541K.

How have Sappi North America, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Sappi North America, Inc.'s sponsor-wide assets grew 16.2%, from $801M to $930M.

Where does Sappi North America, Inc. Cumberland Mills Hourly Employees' Retirement Plan rank by assets among Form 5500 filers? ▼

Sappi North America, Inc. Cumberland Mills Hourly Employees' Retirement Plan ranks in the 82nd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to Sappi North America, Inc. Cumberland Mills Hourly Employees' Retirement Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Pension Plan for Bargaining Unit Employees of Nextiraone LLC in PA ($41M, 8 participants).

Next read for Sappi North America, Inc. Cumberland Mil…

Filing takeaways

Ways to act on Sappi North America, Inc. Cumberland Mills Hourly Employees' Retirement Plan's numbers.

By total assets, Sappi North America, Inc. Cumberland Mills Hourly Employees' Retirement Plan ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Massachusetts. Compare plans
Sappi North America, Inc.'s sponsor-wide assets have grown 16.2% since 2022 across 3 plan years on file. More Manufacturing plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 232366983.