Retirement plan

OWENS CORNING SAVINGS PLAN

Name: OWENS CORNING - OWENS CORNING SAVINGS PLAN (2017) Form 5500
Creator: OWENS CORNING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OWENS CORNING SAVINGS PLAN, OWENS CORNING

OWENS CORNINGEIN 43-2109021Plan #004PY 2017

ONE OWENS CORNING PARKWAY - TOLEDO, OH 43659419-248-8000owenscorning.comLinkedIn10001+ employeesbuilding materials

Other plans on this EIN

2 filings

#001Retirement-$881.1M assets #014Retirement-$368.2M assets

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$789.3M

-7.6% from 2016

Total participants

5,145

-2.6% from 2016

Average account balance

$202,739

-4.8% from 2016

Annual return

17.68%

-6.29 pp from 2016

Benchmarks

See 384 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort384 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.31B

Not enough data

1 years with asset history on file

Average account balance

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

$289K

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.

4,524

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.

74.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$82.70M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+17.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$51

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
DIMEO SCHNEIDER & ASSOCIATES LLC3+ years Filed as: FIDUCIARY INVESTMENT Service code 16 · EIN 20-4751585	Consulting	$42,739
GROOM LAW GROUP1 year Service code 29 · EIN 52-1219029	Legal	$28,968
PLANTE & MORAN, PLLC3+ years Filed as: PLANTE MORAN Service code 10 · EIN 38-1357951	Accounting	$10,000

Plan features & details

Pension benefit codes2E2F2G2J2K3H

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$82K

$20 / participant

Investment mgmt$43K52.3%
Other / not subdivided$39K47.7%

% of EOY assets

0.010%

all-in expense ratio

Categories reported

1 / 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 PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$202,739

$90,410+124.2%

$91,004+122.8%

$77,958+160.1%

Participation rate

69.5%

86.4%-16.9pp

75.6%-6.1pp

71.6%-2.1pp

Annual return

17.68%

21.34%-3.7pp

4.60%+13.1pp

20.87%-3.2pp

Employer contribution / active EE

$6,262

$3,392+84.6%

$2,456+155.0%

$2,310+171.0%

Participant deferral / active EE

$7,408

$4,816+53.8%

$3,548+108.8%

$3,537+109.5%

Admin fee / account holder

$21

$79-73.4%

$5,417-99.6%

$97-78.4%

Provider

Service type

Compensation

DIMEO SCHNEIDER & ASSOCIATES LLC3+ years

Filed as: FIDUCIARY INVESTMENT

Service code 16 · EIN 20-4751585

Consulting

$42,739

GROOM LAW GROUP1 year

Service code 29 · EIN 52-1219029

Legal

$28,968

PLANTE & MORAN, PLLC3+ years

Filed as: PLANTE MORAN

Service code 10 · EIN 38-1357951

Accounting

$10,000

OWENS CORNING SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OWENS CORNING 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