Westinghouse Air Brake Technologies Corporation 401(k) Review & Grade
Wabtec Savings Plan
Pittsburgh, PAManufacturing11,918 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,990Employer $ per active participant
$8,531Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$1.6BNet plan assets, end of year
$111,781Average balance per account
Score breakdown
- Employer generosity22.7 / 5045th percentile for employer $ per participant
- Low cost16.4 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 66th |
| Employee saving | 50th |
| Peers that auto-enroll | 69% |
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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
- Westinghouse Air Brake Technologies put in about $4,990 per active participant, below the typical peer ($5,480). 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.
- 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 | $59,465,130 |
| Participant (employee) contributions | $101,671,722 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $833,553 |
| Contract administrator fees | $9,300 |
| Investment advisory & management fees | $445,547 |
| Other admin expenses | $183,289 |
| Benefits paid out | $130,713,742 |
| Net assets, start / end of year | $1.3B / $1.6B |
| Active participants, start / end of year | 12,095 / 11,741 |
| Participants with account balances | 14,149 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Freed Maxick P.C. |
| Employer stock held by plan | $62,406,217 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $445,547 reported compensation |
| Morgan Lewis & Bockius LLP | $110,761 reported compensation |
| Buck Global, LLC | $93,289 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250714182258NAL0001069075001, received 2025-07-14, EIN 25-1615902, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.