Retirement plan
PPG INDUSTRIES, INC. EMPLOYEE SAVINGS PLAN
PPG INDUSTRIES, INC.EIN 25-0730780Plan #384PY 2021
ONE PPG PLACE - PITTSBURGH, PA 15272412-434-3916
Other plans on this EIN
3 filingsProspect flagsNo flags tripped
Filing contacts
From the Form 5500, federal recordPlan administrator signer
KAREN RATHBURN
Signed 03/22/2023
Plan administrator entity
KAREN P. RATHBURN
EIN 275040608
Summary metrics
Total assets (EOY)
$4724.3M
-1.2% from 2016
Total participants
23,407
-2.0% from 2016
Average account balance
$205,521
+2.7% from 2016
Annual return
14.63%
-9.44 pp from 2016
Benchmarks
Peer group
Industry32 - Manufacturing
Plan typeDefined contribution
Participants>=10,000
Cohort49 peers
Snapshot2021
29
Participant deferral / active EE
$5,495
median $8,674
48
Employer contribution / active EE
$4,966
median $4,877
69
Participation rate
97.2%
median 95.4%
46
Avg account balance
$205,521
median $228,453
10
Admin fee / account holder
$157
median $73
46
Annual return
14.63%
median 14.91%
Overall peer rank
41of 100
41st percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$4.29B
Average account balance
Total assets / participants with a balance (line 6g)
$188K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
22,855
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
98.3%
Contributions (total)
Employer and participant dollars contributed each year
$205.62M
Contributions per participant
Average employer and participant contribution per enrolled participant
$18K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+11.42%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$152
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 10 of 11 by compensation
| Provider | Service type | Compensation |
|---|---|---|
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524 | Advisory (Plan) | $1,144,760 |
Service code 37 · EIN 04-2647786 | Loan Processing | $670,302 |
PPG INDUSTRIES, INC.5 years Service code 99 · EIN 25-0730780 | Other Fees | $304,956 |
PWC1 year Service code 99 · EIN 13-4008324 | Other Fees | $100,000 |
Service code 16 · EIN 53-0181291 | Consulting | $79,019 |
ALIGHT SOLUTIONS LLC4 years Service code 16 · EIN 82-1061233 | Consulting | $70,894 |
Service code 16 · EIN 52-1868818 | Consulting | $50,250 |
AON INVESTMENTS USA INC.1 year Service code 99 · EIN 36-3109431 | Other Fees | $42,021 |
K&L GATES LLP1 year Service code 16 · EIN 25-0921018 | Consulting | $32,674 |
RSM US LLP1 year Service code 16 · EIN 42-0714325 | Consulting | $21,000 |
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 codes2F2H2J2K2P3H3I2E
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2HPartial participant-directed account planParticipants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2PLeveraged ESOPEmployee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
- 3IEmployer securities investment requiredPlan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.
Opportunity flags
0 tripped
No flags tripped for this filing year. This plan looks clean.
Expense breakdown
Schedule H Part II
Admin total
$3.6M
$237 / participant
- Investment mgmt$2M58.9%
- Other / not subdivided$1M41.1%
% of EOY assets
0.076%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- PRICEWATERHOUSECOOPERS LLC
- Auditor EIN
- 134008324
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified