Plan Ledger DOL Form 5500 · updated monthly

Westinghouse Electric Company LLC401(k)

WESTINGHOUSE ELECTRIC COMPANY SAVINGS PLAN · CRANBERRY TOWNSHIP, PA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Westinghouse Electric Company LLC reported $1,615,798 in plan administrative expenses for 2024: 0.08% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,191 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 0.09% to 0.08%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other professional & technical services employers. By assets it is the 36th-largest of 3,651 plans among Pennsylvania employers on file, and the 78th of 11,654 in professional & technical services. In 2024, employees put in $1.88 for every $1.00 the employer contributed; active participation has grown from 4,803 to 12,540 since 2022.

Plan summary
Net assets, end of year$2,091,512,099
Participants with balances9,239
Active participants12,540
Employer contributions$40,019,951
Employee contributions$75,175,634
Employer contribution per active participant$3,191
Average account balance$226,379
Benefits paid to participants$169,860,814
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.1B · 9,239 accts · $40.0M emplr
2023$1.9B · 8,231 accts · $32.8M emplr
2022$1.6B · 7,690 accts · $31.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$620,489
Investment management$947,144
Total administrative$1,615,798
The Westinghouse Electric Company LLC 401(k) match · 2024
Employer contribution per active participant$3,191
Median for plans this size$5,259
2024$3,191 per active participant
2023$3,429 per active participant
2022$6,501 per active participant

Westinghouse Electric Company LLC'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 · 20244
ALIGHT FINANCIAL ADVISORS · Recordkeeping · Investment management$95,679
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$947,144
VOYA INSTITUTIONAL PLAN SERVICES · Loan processing$639,237
COZEN O'CONNOR · Legal$28,797

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

Recordkeeper by year2
2024Alight
2023Alight

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Administrative cost history3
2024$1,615,798 · 0.08%
2023$1,914,594 · 0.11%
2022$1,669,938 · 0.09%
Same employer
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Hntb Holdings LTD. MO$2.2B · 0.04%
Tetra Tech, Inc. CA$2.2B · 0.06%
Milliman WA$2.1B · 0.02%
Servicenow, Inc. CA$2.0B · 0.04%
Holland & Knight LLP FL$2.0B · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522140933 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.