Mondi Bags Usa, Llc 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2017. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Mondi Bags Usa, Llc 401(k) Plan Facts (plan year 2017)

Plan name
MONDI RETIREMENT SAVINGS PLAN USA
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MONDI BAGS USA, LLC
Participants
2,241 (1,628 active employees)
Former employees with a balance
516
Plan assets
$109,572,476 at Dec 31, 2017
Average account balance
$53,712 across 2,040 accounts
Employer contributions
$4,327,950 in plan year 2017 (43% of all contributions)
Plan year
Jan 1, 2017 – Dec 31, 2017
Plan established
Dec 15, 2014
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants— Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2017 (Jan 1, 2017 – Dec 31, 2017), filed Sep 26, 2018. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2017

  • $10.1 million went into the plan in contributions, $4.33 million of it from the employer (43%).
  • $9.29 million was paid out to participants.
  • Investment and other income added $16.5 million.
  • Administrative expenses were $150,468, about $74 per account.

How the Mondi Bags Usa, Llc 401(k) changed, 2014–2017

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20141,416$49.2 million$14,959$150,558
20151,665$87.5 million$5.68 million$15.1 million
20162,248$92.4 million$4.15 million$11.5 million
20172,241$109.6 million$4.33 million$9.29 million

Mondi Bags Usa, Llc 401(k) Contact Information

Phone
770-243-5410
Mailing address
1200 ABERNATHY RD. NE, SUITE 450, ATLANTA GA 30328
Plan sponsor
MONDI BAGS USA, LLC
Employer identification number (EIN)
45-3951560
Plan number
001

Questions about the Mondi Bags Usa, Llc 401(k)

Is the Mondi Bags Usa, Llc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2017, and no later filing was found under this employer's EIN.

Does Mondi Bags Usa, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2017 the employer contributed $4.33 million, 43% of all contributions.

Does the Mondi Bags Usa, Llc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Mondi Bags Usa, Llc 401(k) plan?

2,241 participants at the start of plan year 2017, 1,628 of them active employees, and 516 former employees who still had money in the plan.

What is the average 401(k) balance at Mondi Bags Usa, Llc?

About $53,712 per account: $109.6 million in plan assets across 2,040 accounts with a balance at the end of plan year 2017.

Who manages the Mondi Bags Usa, Llc 401(k) accounts?

Fidelity NetBenefits is the plan's recordkeeper, which is where participants log in to see their balance.

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