Retirement plan

SAINT-GOBAIN CORPORATION 401(K) PLAN FOR HOURLY EMPLOYEES

Name: SAINT-GOBAIN CORPORATION - SAINT-GOBAIN CORPORATION 401(K) PLAN FOR HOURLY EMPLOYEES (2019) Form 5500
Creator: SAINT-GOBAIN CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAINT-GOBAIN CORPORATION 401(K) PLAN FOR HOURLY EMPLOYEES, SAINT-GOBAIN CORPORATION

SAINT-GOBAIN CORPORATIONEIN 23-2615166Plan #003PY 2019

20 MOORES ROAD - MALVERN, PA 19355610-893-6000LinkedIn11-50 employeesrenewables & environment

Other plans on this EIN

1 filing

#002Retirement-$1.43B assets

Prospect flagsLow assets / participantLow employer contributionLow participant contributionCorrective distributions

Top hat statement on fileNQDC

Filed November 29, 2012 (most recent of 3 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.

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Total assets (EOY)

$563.8M

-2.2% from 2016

Total participants

11,011

+66.1% from 2016

Average account balance

$61,002

-2.3% from 2016

Annual return

19.11%

-4.89 pp from 2016

Benchmarks

See 59 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort59 peers

Snapshot2019

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$737.47M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$73K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

10,113

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

79.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$50.76M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+26.62%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$106

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Service code 15 · EIN 04-2647786	Recordkeeping	$238,552
SAINT-GOBAIN CORPORATION5+ years Service code 35 · EIN 23-2615166	Direct payment from the plan; Employe...	$179,608
STRATEGIC ADVISORS, INC.5+ years Filed as: STRATEGIC ADVISORS Service code 27 · EIN 04-2654524	Advisory (Plan)	$149,330
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN, LEWIS & BOCKIUS LLP Service code 29 · EIN 23-0891050	Legal	$32,945
ROCATON INVESTMENT ADVISORS, LLC4 years Service code 16 · EIN 04-3638035	Consulting	$32,627
PLANTE & MORAN, PLLC4 years Service code 10 · EIN 38-1357951	Accounting	$24,600
MERCER5+ years Service code 16 · EIN 13-2834414	Consulting	$10,038
WASATCH ADVISORS1 year Filed as: WASATCH GLOBAL INVESTORS Service code 28 505 WAKARA WAY · SALT LAKE CITY, UT 84108	Investment Management	$6,629

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3H

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).
2G
Total participant-directed account plan
Participants 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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$677K

$75 / participant

Investment mgmt$189K27.9%
Contract admin$239K35.2%
Other / not subdivided$250K36.9%

% of EOY assets

0.120%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PLANTE & MORAN, LLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,002

$156,529-61.0%

$93,621-34.8%

$82,204-25.8%

Participation rate

80.5%

86.5%-6.1pp

75.8%+4.6pp

73.4%+7.1pp

Annual return

19.11%

20.36%-1.3pp

32.76%-13.7pp

26.31%-7.2pp

Employer contribution / active EE

$1,263

$4,800-73.7%

$2,719-53.5%

$2,707-53.3%

Participant deferral / active EE

$2,773

$6,674-58.5%

$4,070-31.9%

$4,246-34.7%

Admin fee / account holder

$73

$65+13.2%

$7,890-99.1%

$76-3.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Service code 15 · EIN 04-2647786

Recordkeeping

$238,552

SAINT-GOBAIN CORPORATION5+ years

Service code 35 · EIN 23-2615166

Direct payment from the plan; Employe...

$179,608

STRATEGIC ADVISORS, INC.5+ years

Filed as: STRATEGIC ADVISORS

Service code 27 · EIN 04-2654524

Advisory (Plan)

$149,330

MORGAN STANLEY SMITH BARNEY4 years

Filed as: MORGAN, LEWIS & BOCKIUS LLP

Service code 29 · EIN 23-0891050

Legal

$32,945

ROCATON INVESTMENT ADVISORS, LLC4 years

Service code 16 · EIN 04-3638035

Consulting

$32,627

PLANTE & MORAN, PLLC4 years

Service code 10 · EIN 38-1357951

Accounting

$24,600

MERCER5+ years

Service code 16 · EIN 13-2834414

Consulting

$10,038

WASATCH ADVISORS1 year

Filed as: WASATCH GLOBAL INVESTORS

Service code 28

505 WAKARA WAY · SALT LAKE CITY, UT 84108

Investment Management

$6,629

SAINT-GOBAIN CORPORATION 401(K) PLAN FOR HOURLY EMPLOYEES

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAINT-GOBAIN CORPORATION 401(K) PLAN FOR HOURLY EMPLOYEES

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion