Usg Corporation 401(k) Review & Grade
Usg Corporation Investment Plan
Chicago, ILManufacturing6,272 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,650Employer $ per active participant
$9,987Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$1.0BNet plan assets, end of year
$127,757Average balance per account
Score breakdown
- Employer generosity19.4 / 5039th percentile for employer $ per participant
- Low cost18.3 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 73th |
| Employee saving | 80th |
| 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
- Usg put in about $2,650 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 | $16,616,982 |
| Participant (employee) contributions | $62,630,506 |
| Other contributions (incl. rollovers in) | $3,507,400 |
| Administrative expenses paid from the plan | $567,576 |
| Contract administrator fees | $2,700 |
| Other admin expenses | $132,388 |
| Benefits paid out | $86,032,081 |
| Net assets, start / end of year | $889.3M / $1.0B |
| Active participants, start / end of year | 6,127 / 6,416 |
| Participants with account balances | 7,886 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $363,560 reported compensation |
| Capital Strategies Investment Grou | $76,875 reported compensation |
| Mcdermott Will & Emery | $42,478 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014095335NAL0003548096001, received 2025-10-14, EIN 36-3329400, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.