Plan Snapshot
- Plan Sponsor: Westinghouse Electric Company LLC
- Sponsor EIN: 522140933
- Sponsor Address: 1000 WESTINGHOUSE DRIVE, CRANBERRY TOWNSHIP, PA, 160665228
- Plan Type: 401(k)
- Total Participants: 12,540
- Total Assets: $2.1B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 12,540 | $2.1B | $40.0M | $75.2M |
| 2023 | 9,557 | $1.9B | $32.8M | $60.8M |
| 2022 | 4,803 | $1.6B | $31.2M | $57.1M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| VOYA RETIREMENT ADVISORS, LLC | INVESTMENT ADVISOR | $947,144 | — | $947,144 |
| VOYA INSTITUTIONAL PLAN SERVICES | RECORDKEEPER | $639,237 | — | $639,237 |
| ALIGHT FINANCIAL ADVISORS | INVESTMENT ADVISOR | $95,679 | — | $95,679 |
| COZEN O'CONNOR | ATTORNEY | $28,797 | — | $28,797 |
| SCHNEIDER DOWNS & CO., INC. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VOYA RETIREMENT ADVISORS, LLC — INVESTMENT ADVISOR
- ALIGHT FINANCIAL ADVISORS — INVESTMENT ADVISOR
- COZEN O'CONNOR — ATTORNEY
- SCHNEIDER DOWNS & CO., INC. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,710,857
- Estimated Expense Ratio: 0.082% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,615,798 | $947,144 | $93,239 | — | — |
| 2023 | $1,914,594 | $1,225,535 | $303,490 | $24,700 | — |
| 2022 | $1,669,938 | $996,272 | $458,565 | — | $215,101 |