Norbord Panels Usa Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2021. 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.

Norbord Panels Usa Inc. 401(k) Plan Facts (plan year 2021)

Plan name
NORBORD USA 401(K) & PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
NORBORD PANELS USA INC.
Participants
1,127 (985 active employees)
Former employees with a balance
186
Plan assets
$117,319,623 at Dec 31, 2021
Average account balance
$105,980 across 1,107 accounts
Employer contributions
$6,062,534 in plan year 2021 (47% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2021 – Dec 31, 2021
Plan established
Jan 1, 1994
✓ 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 2021 (Jan 1, 2021 – Dec 31, 2021), filed Sep 27, 2022. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2021

  • $12.8 million went into the plan in contributions, $6.06 million of it from the employer (47%).
  • $14.6 million was paid out to participants.
  • Investment and other income added $17.1 million.
  • Administrative expenses were $89,082, about $80 per account.

How the Norbord Panels Usa Inc. 401(k) changed, 2016–2021

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2016999$79.4 million$3.31 million$7.56 million
20171,006$93.7 million$4.08 million$7.37 million
20181,118$92.4 million$5.13 million$6.28 million
20191,124$111.8 million$5.35 million$11.9 million
20201,107$120.3 million$4.10 million$17.2 million
20211,127$117.3 million$6.06 million$14.6 million

Norbord Panels Usa Inc. 401(k) Contact Information

Phone
334-576-1500
Mailing address
4400 BARTON INDUSTRIAL BLVD., LANETT AL 36863
Plan sponsor
NORBORD PANELS USA INC.
Employer identification number (EIN)
01-0427746
Plan number
001

Questions about the Norbord Panels Usa Inc. 401(k)

Is the Norbord Panels Usa Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2021, and no later filing was found under this employer's EIN.

Does Norbord Panels Usa Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2021 the employer contributed $6.06 million, 47% of all contributions.

Does the Norbord Panels Usa Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Norbord Panels Usa Inc 401(k) plan?

1,127 participants at the start of plan year 2021, 985 of them active employees, and 186 former employees who still had money in the plan.

What is the average 401(k) balance at Norbord Panels Usa Inc?

About $105,980 per account: $117.3 million in plan assets across 1,107 accounts with a balance at the end of plan year 2021.

Who manages the Norbord Panels Usa Inc 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

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