Plan Ledger DOL Form 5500 · updated monthly

Westinghouse Air Brake Technologies Corporation401(k)

WABTEC SAVINGS PLAN · PITTSBURGH, PA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Westinghouse Air Brake Technologies Corporation reported $833,553 in plan administrative expenses for 2024: 0.06% of average plan assets, above the peer median. Employer contributions averaged $5,065 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 rose from 0.01% to 0.06%. 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 45th-largest of 3,651 plans among Pennsylvania employers on file, and the 214th of 13,661 in manufacturing. In 2024, employees put in $1.71 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,581,584,786
Participants with balances14,149
Active participants11,741
Employer contributions$59,465,130
Employee contributions$101,671,722
Employer contribution per active participant$5,065
Average account balance$111,781
Benefits paid to participants$130,713,742
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.6B · 14,149 accts · $59.5M emplr
2023$1.3B · 14,254 accts · $55.0M emplr
2022$1.0B · 13,156 accts · $49.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,460
Investment management$445,547
Audit (IQPA)$61,496
Total administrative$833,553
The Westinghouse Air Brake Technologies Corporation 401(k) match · 2024
Employer contribution per active participant$5,065
Median for plans this size$5,259
2024$5,065 per active participant
2023$4,549 per active participant
2022$4,420 per active participant

Westinghouse Air Brake Technologies Corporation's 2024 employer contribution ran below 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 · 20246
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$445,547
MORGAN LEWIS & BOCKIUS LLP · Legal$110,761
BUCK GLOBAL, LLC · Consulting$93,289
ONE DIGITAL · Investment management$90,000
FREED MAXICK P.C. · Accounting / audit$61,496
FIDELITY INVESTMENTS INST OPER CO · Loan processing$35,827

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$833,553 · 0.06%
2023$189,899 · 0.02%
2022$157,153 · 0.01%
Same employer
Similar plansManufacturing · Pennsylvania
The Hershey Company PA$2.1B · 0.09%
Ametek, Inc. PA$1.9B · 0.08%
Saint-Gobain Corporation PA$1.8B · 0.06%
Covestro LLC PA$1.6B · 0.05%
Unisys Corporation PA$1.3B · 0.03%
Arkema Inc. PA$1.2B · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251615902 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.