PlanOptica
Retirement plan

PPG INDUSTRIES, INC. EMPLOYEE SAVINGS PLAN

PPG INDUSTRIES, INC.EIN 25-0730780Plan #384PY 2022
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ONE PPG PLACE - PITTSBURGH, PA 15272412-434-3916
Other plans on this EIN
3 filings
#094Retirement-$526.8M assets#097Retirement-$498.0M assets#385Retirement-$11.3M assets
Prospect flagsLow returnsFailed to provide benefitCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(412) 434-3916
Plan administrator signer
KAREN RATHBURN
Signed 10/11/2023
Plan administrator entity
KAREN P. RATHBURN
EIN 275040608
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Summary metrics

Total assets (EOY)
$3643.6M
-1.2% from 2016
Total participants
24,003
-2.0% from 2016
Average account balance
$154,988
+2.7% from 2016
Annual return
-18.29%
-9.44 pp from 2016

Benchmarks

See 56 peers
Peer group
Industry32 - Manufacturing
Plan typeDefined contribution
Participants>=10,000
Cohort56 peers
Snapshot2022
Participant deferral / active EE
$5,833
median $7,817
Employer contribution / active EE
$5,411
median $5,856
Participation rate
96.9%
median 95.6%
Avg account balance
$154,988
median $166,779
Admin fee / account holder
$111
median $81
Annual return
-18.29%
median -14.67%
Overall peer rank
40th 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 8 by compensation
ProviderService typeCompensation
STRATEGIC ADVISORS, INC.2 years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$1,331,546
FIDELITY INVESTMENTS INSTITUTIONAL2 years
Service code 37 · EIN 04-2647786
Loan Processing
$763,542
PPG INDUSTRIES, INC.6 years
Service code 99 · EIN 25-0730780
Other Fees
$232,960
PWC2 years
Service code 99 · EIN 13-4008324
Other Fees
$112,500
WILLIS TOWERS WATSON US LLC2 years
Service code 16 · EIN 53-0181291
Consulting
$100,563
K&L GATES LLP2 years
Service code 16 · EIN 25-0921018
Consulting
$32,434
GRANT THORTON. LLP1 year
Service code 16 · EIN 36-6055558
Consulting
$31,500
WEALTH MANAGEMENT SYSTEMS INC2 years
Service code 49 · EIN 22-3734996
Other Services
$0

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.

Open the filing PDF

Plan features & details

Pension benefit codes2K2P3I2E2F2H2J
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2H
    Partial participant-directed account plan
    Participants 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.
  • 2J
    Code section 401(k) feature
    Cash 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.
  • 2K
    Code section 401(m) arrangement
    Employee 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.
  • 2P
    Leveraged ESOP
    Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
  • 3I
    Employer securities investment required
    Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

3 tripped
  • OpportunityLow returns

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

  • ComplianceFailed to provide benefit

    Form 5500 reported that benefits due were not provided when due.

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$2.6M
$163 / participant
  • Investment mgmt$845K32.4%
  • Other / not subdivided$2M67.6%
% of EOY assets
0.071%
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 LLP
Auditor EIN
134008324
Audit fees
(not subdivided)
Opinion code
Unqualified