Owens Corning 401(k) Review & Grade
Owens Corning Savings and Security Plan
Toledo, OHManufacturing5,548 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,687Employer $ per active participant
$5,428Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$629.1MNet plan assets, end of year
$83,751Average balance per account
Score breakdown
- Employer generosity33.4 / 5067th percentile for employer $ per participant
- Low cost15.6 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 62th |
| Employee saving | 42th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Owens Corning put in about $4,687 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 | $26,004,426 |
| Participant (employee) contributions | $30,112,600 |
| Other contributions (incl. rollovers in) | $1,977,336 |
| Administrative expenses paid from the plan | $503,102 |
| Investment advisory & management fees | $1,975 |
| Benefits paid out | $62,462,275 |
| Net assets, start / end of year | $558.4M / $629.1M |
| Active participants, start / end of year | 5,544 / 5,552 |
| Participants with account balances | 7,511 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | GJC Cpa's & Advisors |
Largest service providers (Schedule C)
| Fidelity Invest Inst Op Co, LLC | $427,402 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014160935NAL0003362929001, received 2025-10-14, EIN 43-2109021, plan #014, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.