Owens Corning 401(k) Review & Grade
Owens Corning Savings Plan
Toledo, OHManufacturing4,367 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$8,614Employer $ per active participant
$10,323Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$1.3BNet plan assets, end of year
$288,650Average balance per account
Score breakdown
- Employer generosity45.5 / 5091th percentile for employer $ per participant
- Low cost23.7 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 95th |
| Employee saving | 82th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,871 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Owens Corning put in about $8,614 per active participant, more than the typical peer ($3,452). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $37,616,288 |
| Participant (employee) contributions | $45,081,462 |
| Other contributions (incl. rollovers in) | $5,448,483 |
| Administrative expenses paid from the plan | $232,386 |
| Investment advisory & management fees | $1,190 |
| Benefits paid out | $111,646,050 |
| Net assets, start / end of year | $1.1B / $1.3B |
| Active participants, start / end of year | 4,331 / 4,403 |
| Participants with account balances | 4,524 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | GJC Cpa's & Advisors |
Largest service providers (Schedule C)
| Fidelity Investments Inst Op Co LLC | $94,860 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014161053NAL0001665395001, received 2025-10-14, EIN 43-2109021, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.