Saint-Gobain Corporation 401(k) Review & Grade
Saint-Gobain Corporation 401(k) Plan for Hourly Employees
Malvern, PAManufacturing9,708 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,510Employer $ per active participant
$3,719Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$737.5MNet plan assets, end of year
$72,923Average balance per account
Score breakdown
- Employer generosity9.2 / 5018th percentile for employer $ per participant
- Low cost10.5 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving3.2 / 1521th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 42th |
| Employee saving | 21th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $124 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Saint-Gobain put in about $1,510 per active participant, below the typical peer ($3,452). 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 | $14,657,810 |
| Participant (employee) contributions | $36,099,431 |
| Other contributions (incl. rollovers in) | $2,034,606 |
| Administrative expenses paid from the plan | $1,069,129 |
| Investment advisory & management fees | $253,328 |
| Other admin expenses | $102,341 |
| Benefits paid out | $92,674,597 |
| Net assets, start / end of year | $615.5M / $737.5M |
| Active participants, start / end of year | 9,752 / 9,663 |
| Participants with account balances | 10,113 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $478,468 reported compensation |
| Strategic Advisors | $204,872 reported compensation |
| Mercer Human Resources Consulting | $102,341 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251012103028NAL0000600258001, received 2025-10-12, EIN 23-2615166, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.