Retirement plan
PPG PUERTO RICO EMPLOYEE SAVINGS PLAN
PPG INDUSTRIES, INC.EIN 25-0730780Plan #385PY 2023
ONE PPG PLACE - PITTSBURGH, PA 15272412-434-3916
Other plans on this EIN
3 filingsProspect flagsFailed to transmit contributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
KAREN RATHBURN
Signed 10/08/2024
Plan administrator entity
KAREN P. RATHBURN
EIN 275040608
PPG INDUSTRIES, INC., ONE PPG PLACE · PITTSBURGH, PA 15272
Summary metrics
Total assets (EOY)
$13.7M
-0.2% from 2016
Total participants
195
-2.8% from 2016
Average account balance
$75,783
+254.1% from 2016
Annual return
18.90%
-6.13 pp from 2016
Benchmarks
Peer group
Industry32 - Manufacturing
Plan typeDefined contribution
Participants100-249
Cohort1,939 peers
Snapshot2023
22
Participant deferral / active EE
$1,951
median $3,328
65
Employer contribution / active EE
$2,402
median $1,528
65
Participation rate
90.3%
median 81.2%
64
Avg account balance
$75,783
median $57,099
89
Admin fee / account holder
$19
median $262
67
Annual return
18.90%
median 16.82%
Overall peer rank
62of 100
62nd percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$15.03M
Average account balance
Total assets / participants with a balance (line 6g)
$86K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
174
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
45.5%
Contributions (total)
Employer and participant dollars contributed each year
$639K
Contributions per participant
Average employer and participant contribution per enrolled participant
$58K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+9.17%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$27
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 2 by compensation
| Provider | Service type | Compensation |
|---|---|---|
FID INV INSTL OPS CO3 years Service code 37 · EIN 04-2647786 | Loan Processing | $2,025 |
STRATEGIC ADVISORS, INC3 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $1,489 |
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 codes2E2F2G2T3C
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).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3CPlan not intended to be qualifiedA plan not intended to be qualified under Code sections 401 403 or 408.
Opportunity flags
1 tripped
- ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Expense breakdown
Schedule H Part II
Admin total
$4K
$24 / participant
- Recordkeeping$2K57.6%
- Investment mgmt$1K42.4%
% of EOY assets
0.026%
all-in expense ratio
Categories reported
2 / 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