Pilkington North America, Inc. 401(k) Review & Grade
Retirement Savings Contribution Plan
Toledo, OHManufacturing757 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,231Employer $ per active participant
$2,066Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$43.2MNet plan assets, end of year
$36,982Average balance per account
Score breakdown
- Employer generosity24.2 / 5048th percentile for employer $ per participant
- Low cost12.6 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1513th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 50th |
| Employee saving | 13th |
| Peers that auto-enroll | 59% |
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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
- Pilkington North America put in about $2,231 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,688,834 |
| Participant (employee) contributions | $1,564,018 |
| Other contributions (incl. rollovers in) | $40,482 |
| Administrative expenses paid from the plan | $93,508 |
| Investment advisory & management fees | $20,000 |
| Other admin expenses | $24,761 |
| Benefits paid out | $3,755,105 |
| Net assets, start / end of year | $39.4M / $43.2M |
| Active participants, start / end of year | 682 / 832 |
| Participants with account balances | 1,167 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante Moran PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $26,262 reported compensation |
| Morgan Stanley | $20,000 reported compensation |
| P&m Holding Group LLP DBA Plante & | $14,685 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916093042NAL0001741473001, received 2025-09-16, EIN 34-1506654, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.