Retirement plan

OWENS CORNING SAVINGS AND SECURITY PLAN

Name: OWENS CORNING - OWENS CORNING SAVINGS AND SECURITY PLAN (2019) Form 5500
Creator: OWENS CORNING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OWENS CORNING SAVINGS AND SECURITY PLAN, OWENS CORNING

OWENS CORNINGEIN 43-2109021Plan #014PY 2019

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

Other plans on this EIN

2 filings

#004Retirement-$926.6M assets #001Retirement-$833.8M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$446.3M

-6.5% from 2016

Total participants

6,952

+2.1% from 2016

Average account balance

$64,790

-9.8% from 2016

Annual return

20.76%

-5.82 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

$629.05M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

7,511

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$56.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$67

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
FIDELITY INVESTMENTS INSTITUTIONAL4 years Filed as: FIDELITY INVEST INST OP CO, INC Service code 37 · EIN 04-2647786	Loan Processing	$101,288
DIMEO SCHNEIDER & ASSOCIATES LLC5+ years Filed as: FIDUCIARY INVESTMENT Service code 27 · EIN 20-4751585	Advisory (Plan)	$26,969
PLANTE & MORAN, PLLC5+ years Filed as: PLANTE & MORAN Service code 10 · EIN 38-1357951	Accounting	$16,500

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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$147K

$27 / participant

Investment mgmt$27K18.3%
Contract admin$101K68.8%
Other / not subdivided$19K12.9%

% of EOY assets

0.033%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,790

$156,529-58.6%

$93,621-30.8%

$82,204-21.2%

Participation rate

98.8%

86.5%+12.3pp

75.8%+23.0pp

73.4%+25.4pp

Annual return

20.76%

20.36%+0.4pp

32.76%-12.0pp

26.31%-5.5pp

Employer contribution / active EE

$3,603

$4,800-24.9%

$2,719+32.5%

$2,707+33.1%

Participant deferral / active EE

$4,311

$6,674-35.4%

$4,070+5.9%

$4,246+1.5%

Admin fee / account holder

$21

$65-67.0%

$7,890-99.7%

$76-71.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Filed as: FIDELITY INVEST INST OP CO, INC

Service code 37 · EIN 04-2647786

Loan Processing

$101,288

DIMEO SCHNEIDER & ASSOCIATES LLC5+ years

Filed as: FIDUCIARY INVESTMENT

Service code 27 · EIN 20-4751585

Advisory (Plan)

$26,969

PLANTE & MORAN, PLLC5+ years

Filed as: PLANTE & MORAN

Service code 10 · EIN 38-1357951

Accounting

$16,500

OWENS CORNING SAVINGS AND SECURITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OWENS CORNING SAVINGS AND SECURITY 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