Retirement plan

PPG INDUSTRIES, INC. EMPLOYEE SAVINGS PLAN

Name: PPG INDUSTRIES, INC. - PPG INDUSTRIES, INC. EMPLOYEE SAVINGS PLAN (2024) Form 5500
Creator: PPG INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PPG INDUSTRIES, INC. EMPLOYEE SAVINGS PLAN, PPG INDUSTRIES, INC.

PPG INDUSTRIES, INC.EIN 25-0730780Plan #384PY 2024

ONE PPG PLACE - PITTSBURGH, PA 15272412-434-3131

Other plans on this EIN

2 filings

#097Retirement-$689.1M assets #385Retirement-$15.0M assets

Prospect flagsLow returnsFailed to provide benefitCorrective distributions

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.

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Total assets (EOY)

$4285.5M

+4.3% from 2023

Total participants

23,059

-4.8% from 2023

Average account balance

$187,510

+9.1% from 2023

Annual return

11.42%

-7.41 pp from 2023

Benchmarks

See 52 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort52 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.29B

Not enough data

1 years with asset history on file

Average account balance

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

$188K

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.

22,855

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.

98.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$205.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+11.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$152

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
STRATEGIC ADVISORS, INC.4 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$1,189,784
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 37 · EIN 04-2647786	Loan Processing	$493,142
PPG INDUSTRIES, INC.8 years Service code 99 · EIN 25-0730780	Other Fees	$432,578
PRICEWATERHOUSECOOPERS LLP4 years Filed as: PWC Service code 10 · EIN 13-4008324	Accounting	$117,500
WILLIS TOWERS WATSON US LLC5 years Filed as: WILLIS TOWERS WATSON Service code 16 · EIN 52-1868818	Consulting	$109,802
K&L GATES2 years Service code 29 · EIN 25-0921018	Legal	$80,500
GRANT THORNTON LLP3 years Filed as: GRANT THORTON. LLP Service code 10 · EIN 36-6055558	Accounting	$26,513
WEALTH MANAGEMENT SYSTEMS INC4 years Service code 49 · EIN 22-3734996	Other Services	$0

Plan features & details

Pension benefit codes2E2F2H2J2K2P3I

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

$3.5M

$297 / participant

Recordkeeping$486K14.0%
Investment mgmt$2M60.5%
Legal$82K2.4%
Contract admin$7K0.2%
Other / not subdivided$794K22.9%

% of EOY assets

0.081%

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: PRICEWATERHOUSECOOPERS LLP
Auditor EIN: 134008324
Audit fees: $144,013
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$187,510

$244,991-23.5%

$105,607+77.6%

$106,553+76.0%

Participation rate

98.3%

88.4%+9.9pp

75.3%+23.0pp

69.8%+28.4pp

Annual return

11.42%

13.48%-2.1pp

116.11%-104.7pp

17.37%-5.9pp

Employer contribution / active EE

$8,433

$8,816-4.3%

$3,167+166.3%

$3,359+151.1%

Participant deferral / active EE

$9,189

$11,442-19.7%

$5,011+83.4%

$5,562+65.2%

Admin fee / account holder

$152

$88+72.5%

$10,958-98.6%

$80+90.5%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.4 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$1,189,784

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 37 · EIN 04-2647786

Loan Processing

$493,142

PPG INDUSTRIES, INC.8 years

Service code 99 · EIN 25-0730780

Other Fees

$432,578

PRICEWATERHOUSECOOPERS LLP4 years

Filed as: PWC

Service code 10 · EIN 13-4008324

Accounting

$117,500

WILLIS TOWERS WATSON US LLC5 years

Filed as: WILLIS TOWERS WATSON

Service code 16 · EIN 52-1868818

Consulting

$109,802

K&L GATES2 years

Service code 29 · EIN 25-0921018

Legal

$80,500

GRANT THORNTON LLP3 years

Filed as: GRANT THORTON. LLP

Service code 10 · EIN 36-6055558

Accounting

$26,513

WEALTH MANAGEMENT SYSTEMS INC4 years

Service code 49 · EIN 22-3734996

Other Services

PPG INDUSTRIES, INC. EMPLOYEE SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PPG INDUSTRIES, INC. EMPLOYEE SAVINGS PLAN

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