Westinghouse Electric Company LLC 401(k) Review & Grade
Westinghouse Electric Company Savings Plan
Cranberry Township, PAProfessional, Scientific & Technical Services11,048 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,622Employer $ per active participant
$6,804Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$2.1BNet plan assets, end of year
$226,379Average balance per account
Score breakdown
- Employer generosity32.6 / 5065th percentile for employer $ per participant
- Low cost13.2 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1539th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 10,000+ active participants (70 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 53th |
| Employee saving | 39th |
| Peers that auto-enroll | 39% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,991 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Westinghouse Electric Company put in about $3,622 per active participant, more than the typical peer ($2,932). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $40,019,951 |
| Participant (employee) contributions | $75,175,634 |
| Other contributions (incl. rollovers in) | $8,462,139 |
| Administrative expenses paid from the plan | $1,615,798 |
| Contract administrator fees | $93,239 |
| Investment advisory & management fees | $947,144 |
| Other admin expenses | $48,165 |
| Benefits paid out | $169,860,814 |
| Net assets, start / end of year | $1.9B / $2.1B |
| Active participants, start / end of year | 9,557 / 12,540 |
| Participants with account balances | 9,239 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Schneider Downs & Co., Inc. |
Largest service providers (Schedule C)
| Voya Retirement Advisors, LLC | $947,144 reported compensation |
| Voya Institutional Plan Services | $639,237 reported compensation |
| Alight Financial Advisors | $95,679 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014140815NAL0004197904001, received 2025-10-14, EIN 52-2140933, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.