Valmet 401(k) and pension plans

Valmet, Inc., Norcross, GA. EIN 56-1508400. Annual reports 2009–2024. Also filed as Metso Paper USA, Inc.; Valmet Inc.

Valmet, Inc. has 3 active retirement plans on file. The largest is the Valmet, Inc. Retirement Savings Plan, with 2,750 participants and $432 million in assets in 2024. Principal has been its recordkeeper since 2020.

Active plans: 3
Participants: 6,372
Plan assets: $664 million
401(k) recordkeeper: Principal
Plans on file: 5
Industry: Manufacturing

All 5 plans

Active plans first

Valmet, Inc. Retirement Savings Plan

401(k)Active

Active. The plan filed its annual report for the 2024 plan year.

Plan number: 024Employer EIN 56-1508400
Participants (2024): 2,750
Net assets (2024): $432 million
Recordkeeper: PrincipalEarlier: Wells Fargo (2014–2019)
Plan administrator: Valmet, Inc.
3720 Davinci Court, Suite 300
Norcross, GA 30092
(770) 263-7863As filed for 2024
In effect since: January 1, 1989

Earlier sponsor: Metso Paper USA, Inc. (2009–2010).

Earlier plan names: Metso Paper USA, Inc. (Appleton) 401(k) Investmen Plan.

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	2,750	$432 million	Principal
2023	2,607	$391 million	Principal
2022	2,518	$257 million	Principal
2021	1,796	$315 million	Principal
2020	1,875	$301 million	Principal
2019	1,615	$267 million	Wells Fargo
2018	1,544	$187 million	Wells Fargo
2017	1,502	$205 million	Wells Fargo
2016	1,560	$179 million	Wells Fargo
2015	1,599	$168 million	Wells Fargo
2014	1,391	$158 million	Wells Fargo
2010	0	$0	not listed
2009	45	$4.8 million	not listed

Valmet, Inc. Pension Plan and Trust

Money purchase pensionActive

Active. The plan filed its annual report for the 2024 plan year.

Plan number: 001Employer EIN 56-1508400
Participants (2024): 2,541
Net assets (2024): $86.1 million
Recordkeeper: PrincipalEarlier: Wells Fargo (2010–2019), Wachovia Bank (2009)
Plan administrator: Valmet Inc.
3720 Davinci Court, Suite 300
Norcross, GA 30092
(770) 263-7863As filed for 2024
In effect since: January 1, 1974

Earlier sponsor: Metso Paper USA, Inc. (2009–2013).

Earlier plan names: Metso Paper USA, Inc. Pension Plan and Trust.

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	2,541	$86.1 million	Principal
2023	1,919	$78.8 million	Principal
2022	1,940	$69.2 million	Principal
2021	1,810	$80.2 million	not listed
2020	1,759	$74.1 million	Principal
2019	1,500	$65.2 million	Wells Fargo
2018	1,498	$56.7 million	Wells Fargo
2017	1,478	$60.1 million	Wells Fargo
2016	1,473	$50.8 million	Wells Fargo
2015	1,460	$44.5 million	Wells Fargo
2014	1,116	$43.5 million	Wells Fargo
2013	1,086	$38.2 million	Wells Fargo
2012	1,045	$29.6 million	Wells Fargo
2011	1,038	$24.1 million	Wells Fargo
2010	990	$22.3 million	Wells Fargo
2009	1,010	$18.3 million	Wachovia Bank

Valmet Inc, Defined Benefit Plan

Pension (defined benefit)Active

Active. The plan filed its annual report for the 2024 plan year.

Plan number: 333Employer EIN 56-1508400
Participants (2024): 1,081
Net assets (2024): $147 million
Plan administrator: Valmet, Inc.
3720 Davinci Court, Suite 300
Norcross, GA 30092
(770) 263-7863As filed for 2024
In effect since: August 1, 1978

Earlier sponsor: Metso Paper USA, Inc. (2009–2012).

Earlier plan names: Metso Paper USA, Inc. Retirement Plan.

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	1,081	$147 million	not listed
2023	1,096	$142 million	not listed
2022	1,110	$128 million	not listed
2021	1,171	$166 million	not listed
2020	1,190	$154 million	not listed
2019	1,206	$133 million	not listed
2018	1,215	$109 million	not listed
2017	1,235	$120 million	not listed
2016	1,249	$102 million	not listed
2015	1,261	$98.0 million	not listed
2014	1,279	$103 million	not listed
2013	1,289	$92.9 million	not listed
2012	1,296	$81.6 million	not listed
2011	1,305	$70.4 million	not listed
2010	1,308	$72.1 million	not listed
2009	1,318	$62.8 million	not listed

Metso Paper USA, Inc. 401(k) Plan

401(k)Merged

Merged. In 2010 its assets moved to the Metso Paper USA, Inc. 401(k) Plan, sponsored by Valmet, Inc. (EIN 56-1508400, plan 335). Accounts moved with them, so that plan is the one to contact.

Plan number: 003Employer EIN 56-1508400
Participants (2009): 942
Net assets (2009): $40.1 million
Recordkeeper: Wells FargoEarlier: Wachovia Bank (2009)
Plan administrator: Metso Paper USA, Inc.
2900 Courtyards Drive
Norcross, GA 30071
(770) 263-2119As filed for 2010
In effect since: January 1, 1989

Plans merged into this one: Metso Paper USA, Inc. 401(k) Plan (2010).

Year by year, 2009 to 2010

Plan year	Participants	Net assets	Recordkeeper
2010	0	$0	Wells Fargo
2009	942	$40.1 million	Wachovia Bank

Metso Paper USA, Inc. 401(k) Plan

401(k)Merged

Merged. In 2010 its assets moved to the Metso Paper USA, Inc. 401(k) Plan, sponsored by Valmet, Inc. (EIN 56-1508400, plan 003). Accounts moved with them, so that plan is the one to contact.

Plan number: 335Employer EIN 56-1508400
Participants (2009): 707
Net assets (2009): $54.4 million
Recordkeeper: Wells FargoEarlier: Wachovia Bank (2009)
Plan administrator: Metso Paper USA, Inc.
2900 Courtyards Drive
Norcross, GA 30071
(770) 263-7863As filed for 2010
In effect since: January 1, 1994

Plans merged into this one: Metso Paper USA, Inc. 401(k) Plan (2010).

Year by year, 2009 to 2010

Plan year	Participants	Net assets	Recordkeeper
2010	0	$0	Wells Fargo
2009	707	$54.4 million	Wachovia Bank

If you had money in one of these plans

Call Principal (principal.com), which runs the Valmet, Inc. Retirement Savings Plan. With your Social Security number and the plan name, it can tell you whether you still have a balance and, if not, where it went.
Or call the plan administrator listed on the plan below ((770) 263-7863). That number was filed for 2024; ask for the benefits or retirement plan office.
If your plan was merged, your account moved with it. Follow the link on the plan to the plan it went into, and contact that one.
Still stuck? The Department of Labor's benefits advisers help for free: askebsa.dol.gov or 1-866-444-3272. Never pay anyone to find your own money.

What these numbers are

They come from the Form 5500 annual reports each plan files with the Department of Labor, as the plan filed them. A plan year is usually a calendar year.
Participants counts everyone in the plan at year end: current employees, former employees who still have a balance or a pension coming, and retirees or beneficiaries being paid.
The recordkeeper is the service provider whose Schedule C entry says it keeps the plan's records. Small plans do not file Schedule C, so some plans show none.
We cannot see anyone's account. Only the plan or its recordkeeper can tell you your balance.

Sources: U.S. Department of Labor, Form 5500 datasets and PBGC trusteed plans. How we read them.

All 5 plans

Valmet, Inc. Retirement Savings Plan

Valmet, Inc. Pension Plan and Trust

Valmet Inc, Defined Benefit Plan

Metso Paper USA, Inc. 401(k) Plan

Metso Paper USA, Inc. 401(k) Plan

If you had money in one of these plans

What these numbers are

Other manufacturing employers in GA