Plan Ledger DOL Form 5500 · updated monthly

Owens Corning401(k)

OWENS CORNING SAVINGS PLAN · TOLEDO, OH · plan year 2024

Reported admin expense ratio · 2024
0.02%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Owens Corning reported $232,386 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,543 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.025% to 0.019%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 44th-largest of 3,295 plans among Ohio employers on file, and the 256th of 13,661 in manufacturing. In 2024, employees put in $1.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,305,853,974
Participants with balances4,524
Active participants4,403
Employer contributions$37,616,288
Employee contributions$45,081,462
Employer contribution per active participant$8,543
Average account balance$288,650
Benefits paid to participants$111,646,050
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.3B · 4,524 accts · $37.6M emplr
2023$1.1B · 4,454 accts · $35.8M emplr
2022$956.8M · 4,401 accts · $33.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$231,196
Investment management$1,190
Total administrative$232,386
The Owens Corning 401(k) match · 2024
Employer contribution per active participant$8,543
Median for plans this size$5,259
2024$8,543 per active participant
2023$8,256 per active participant
2022$7,776 per active participant

Owens Corning's 2024 employer contribution ran above the $5,259 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
FIDELITY INVESTMENTS INST OP CO LLC · Loan processing$94,860

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$232,386 · 0.02%
2023$196,029 · 0.02%
2022$266,088 · 0.02%
All plans at this employer2
OWENS CORNING SAVINGS PLAN401(k)
OWENS CORNING SAVINGS AND SECURITY PLAN401(k)
Same employer
Similar plansManufacturing · Ohio
The Lubrizol Corporation OH$1.5B · 0.05%
The J.M. Smucker Company OH$1.5B · 0.03%
Transdigm Inc. OH$1.5B · 0.04%
The Timken Company OH$1.4B · 0.09%
Steris Corporation OH$1.3B · 0.06%
Vertiv Group Corporation OH$1.1B · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 432109021 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.