Retirement plan

WABTEC SAVINGS PLAN

Name: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION - WABTEC SAVINGS PLAN (2016) Form 5500
Creator: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WABTEC SAVINGS PLAN, WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATIONEIN 25-1615902Plan #004PY 2016

1001 AIRBRAKE AVENUE - WILMERDING, PA 151481036412-825-1000bearward.comLinkedIn10001+ employeesrailroad manufacture

Other plans on this EIN

1 filing

#001Retirement-$36.3M assets

Prospect flagsFailed to transmit contributions

Top hat statement on fileNQDC

Filed March 12, 2010 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$412.4M

No prior year

Total participants

6,423

No prior year

Average account balance

$75,428

No prior year

Annual return

7.62%

No prior year

Benchmarks

See 118 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort118 peers

Snapshot2016

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.86B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$134K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

13,933

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

92.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$152.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.34%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$116

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN LEWIS & BOCKIUS Service code 16 · EIN 23-0891050	Consulting	$75,665
LPL FINANCIAL2+ years Service code 10 · EIN 04-3046611	Accounting	$52,600
RSM US LLP1+ years Service code 10 · EIN 42-0714325	Accounting	$26,000
FREED MAXICK CPAS PC2+ years Service code 10 · EIN 45-4051133	Accounting	$25,500
STRATEGIC ADVISORS, INC.2+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$17,552
BUCK GLOBAL, LLC2+ years Filed as: BUCK CONSULTANTS Service code 99 · EIN 04-6309853	Other Fees	$7,106
BUCK GLOBAL, LLC2+ years Filed as: BUCK CONSULTANTS LLC Service code 49 · EIN 13-3954297	Other Services	$6,071
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$155K

$30 / participant

Investment mgmt$18K11.3%
Other / not subdivided$138K88.7%

% of EOY assets

0.038%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: FREED MAXICK CPAS PC
Auditor EIN: 454051133
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,428

$88,581-14.8%

$74,183+1.7%

$65,292+15.5%

Participation rate

81.7%

86.2%-4.5pp

76.6%+5.1pp

72.4%+9.3pp

Annual return

7.62%

11.72%-4.1pp

17.74%-10.1pp

11.84%-4.2pp

Employer contribution / active EE

$2,718

$3,021-10.0%

$2,370+14.7%

$2,302+18.1%

Participant deferral / active EE

$3,789

$4,898-22.6%

$3,550+6.8%

$3,579+5.9%

Admin fee / account holder

$28

$60-52.5%

$5,586-99.5%

$57-50.5%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: MORGAN LEWIS & BOCKIUS

Service code 16 · EIN 23-0891050

Consulting

$75,665

LPL FINANCIAL2+ years

Service code 10 · EIN 04-3046611

Accounting

$52,600

RSM US LLP1+ years

Service code 10 · EIN 42-0714325

Accounting

$26,000

FREED MAXICK CPAS PC2+ years

Service code 10 · EIN 45-4051133

Accounting

$25,500

STRATEGIC ADVISORS, INC.2+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$17,552

BUCK GLOBAL, LLC2+ years

Filed as: BUCK CONSULTANTS

Service code 99 · EIN 04-6309853

Other Fees

$7,106

BUCK GLOBAL, LLC2+ years

Filed as: BUCK CONSULTANTS LLC

Service code 49 · EIN 13-3954297

Other Services

$6,071

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 60

Sub-TA Fees

WABTEC SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WABTEC SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion