Retirement plan

PPG INDUSTRIES, INC. RETIREMENT PLAN F

PPG INDUSTRIES, INC.EIN 25-0730780Plan #097PY 2024
1 PPG PLACE - PITTSBURGH, PA 152720001412-434-3916
Prospect flagsHigh retiree %Low returns

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(412) 434-3916
Plan administrator signer
DINA GLANCE
Signed 10/15/2025

Summary metrics

Total assets (EOY)
$689.1M
+251.5% from 2016
Total participants
5,798
+119.0% from 2016
Average account balance
$0
No prior year
Annual return
1.26%
-25.71 pp from 2016

Benchmarks

Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants250-999
Cohort134 peers
Snapshot2024
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$29,565
median $6,041
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
1.26%
median 5.10%
Overall peer rank
38th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$689.10M
Average account balance
Total assets / participants with a balance (line 6g)
$119K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
4,993
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Not enough data
2 years with eligibility data
Contributions (total)
Employer and participant dollars contributed each year
$23.80M
Not enough data
2 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$30K
Not enough data
1 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+1.26%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 9 by compensation
ProviderService typeCompensation
Service code 25 · EIN 13-5160382
Directed Trustee
$848,722
Service code 15 · EIN 27-1175487
Recordkeeping
$626,915
MERCER10+ years
Service code 11 · EIN 13-2834414
Actuarial
$264,165
Service code 17 · EIN 98-0352587
Pension Consulting
$247,053
Service code 10 · EIN 25-1408703
Accounting
$127,783
K&L GATES10+ years
Service code 29 · EIN 25-0921018
Legal
$91,554
Service code 11 · EIN 25-0730780
Actuarial
$60,686
ADP1 year
Service code 49 · EIN 22-1467904
Other Services
$29,917
Service code 49 · EIN 94-2856521
Other Services
$15,393

Enrolled actuary

1 attachment
SB

NICHOLAS FRIES

MERCER
Enrollment #2307926
200 PUBLIC SQUARE, SUITE 3760
CLEVELAND, OH 44114
(216) 830-8031
Signed 2025-09-26

Top hat statement on fileNQDC

Filed December 19, 1995 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Plan features & details

Pension benefit codes1A1B
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1B
    Benefits are primarily flat dollar
    Benefits are primarily a flat dollar amount (including a dollar amount per year of service).

Opportunity flags

2 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II
Admin total
$6.9M
$8582 / participant
  • Recordkeeping$627K9.1%
  • Legal$92K1.3%
  • Actuarial$236K3.4%
  • Other trustee fees$849K12.3%
  • Other / not subdivided$5M73.9%
% of EOY assets
1.003%
all-in expense ratio
Categories reported
4 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
SCHNEIDER DOWNS & CO., INC.
Auditor EIN
251408703
Audit fees
$127,783
Opinion code
Unqualified