Retirement plan

PITTSBURGH GLASS WORKS, LLC EMPLOYEE SAVINGS PLAN

Name: PITTSBURGH GLASS WORKS, LLC - PITTSBURGH GLASS WORKS, LLC EMPLOYEE SAVINGS PLAN (2020) Form 5500
Creator: PITTSBURGH GLASS WORKS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PITTSBURGH GLASS WORKS, LLC EMPLOYEE SAVINGS PLAN, PITTSBURGH GLASS WORKS, LLC

PITTSBURGH GLASS WORKS, LLCEIN 26-2998228Plan #001PY 2020

400 GUYS RUN ROAD - CHESWICK, PA 15024412-820-8500pgwglass.comLinkedIn1001-5000 employeesautomotive

Other plans on this EIN

1 filing

#002Retirement-$26.5M assets

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$307.7M

+29.9% from 2019

Total participants

2,479

-5.7% from 2019

Average account balance

$124,109

+37.7% from 2019

Annual return

43.48%

+24.88 pp from 2019

Benchmarks

See 289 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort289 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$307.67M

Not enough data

1 years with asset history on file

Average account balance

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

$124K

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.

2,479

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.67M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+43.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$112

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND6+ years Service code 13 · EIN 06-1050034	Contract Administrator	$177,783
GYL FINANCIAL SYNERGIES4 years Filed as: GYL FINANCIAL SYNERGIES LLC Service code 27 · EIN 81-3263476	Advisory (Plan)	$60,000
BDO USA, LLP3 years Service code 15 · EIN 13-5381590	Recordkeeping	$33,143

Plan features & details

Pension benefit codes2E2G2J2K2S2T3H3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$278K

$193 / participant

Other / not subdivided$278K100.0%

% of EOY assets

0.090%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA LLP
Auditor EIN: 133581590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$124,109

$82,783+49.9%

$133,978-7.4%

$90,274+37.5%

Participation rate

100.0%

81.3%+18.7pp

79.8%+20.2pp

73.4%+26.6pp

Annual return

43.48%

21.89%+21.6pp

45.10%-1.6pp

53.97%-10.5pp

Employer contribution / active EE

$306

$2,388-87.2%

$3,919-92.2%

$2,523-87.9%

Participant deferral / active EE

$3,623

$4,291-15.6%

$5,047-28.2%

$4,231-14.4%

Admin fee / account holder

$112

$93+20.7%

$8,930-98.7%

$114-1.7%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND6+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$177,783

GYL FINANCIAL SYNERGIES4 years

Filed as: GYL FINANCIAL SYNERGIES LLC

Service code 27 · EIN 81-3263476

Advisory (Plan)

$60,000

BDO USA, LLP3 years

Service code 15 · EIN 13-5381590

Recordkeeping

$33,143

PITTSBURGH GLASS WORKS, LLC EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PITTSBURGH GLASS WORKS, LLC EMPLOYEE SAVINGS PLAN

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