Retirement plan

WABTEC SAVINGS PLAN

Name: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION - WABTEC SAVINGS PLAN (2018) 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 2018

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

Other plans on this EIN

1 filing

#001Retirement-$32.0M assets

Prospect flagsNo flags tripped

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)

$477.5M

-4.7% from 2016

Total participants

6,774

+5.1% from 2016

Average account balance

$76,167

-5.8% from 2016

Annual return

-5.38%

-4.97 pp from 2016

Benchmarks

See 119 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort119 peers

Snapshot2018

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.58B

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

14,149

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$161.14M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+17.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$59

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY4+ years Filed as: MORGAN LEWIS & BOCKIUS Service code 16 · EIN 23-0891050	Consulting	$104,062
STRATEGIC ADVISORS, INC.4+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$66,619
INSTITUTIONAL INVESTMENT CONSULTING1 year Filed as: BB&T INSTITUTIONAL INVESTMENT ADV Service code 27 · EIN 57-0956597	Advisory (Plan)	$39,833
CONDUENT HR CONSULTING, LLC2 years Service code 16 · EIN 81-2983623	Consulting	$32,996
FREED MAXICK CPAS PC4+ years Service code 10 · EIN 45-4051133	Accounting	$26,300
LPL FINANCIAL4+ years Service code 16 · EIN 04-3046611	Consulting	$23,333
FIDELITY INVESTMENTS INSTITUTIONAL4+ 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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$227K

$42 / participant

Investment mgmt$67K29.3%
Other / not subdivided$161K70.7%

% of EOY assets

0.048%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,167

$96,261-20.9%

$76,768-0.8%

$68,904+10.5%

Participation rate

90.6%

87.0%+3.6pp

77.0%+13.6pp

74.1%+16.5pp

Annual return

-5.38%

-0.85%-4.5pp

2.43%-7.8pp

1.07%-6.5pp

Employer contribution / active EE

$3,123

$3,303-5.4%

$2,485+25.7%

$2,540+22.9%

Participant deferral / active EE

$4,520

$5,537-18.4%

$3,852+17.3%

$4,015+12.6%

Admin fee / account holder

$36

$73-50.3%

$6,676-99.5%

$71-49.2%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY4+ years

Filed as: MORGAN LEWIS & BOCKIUS

Service code 16 · EIN 23-0891050

Consulting

$104,062

STRATEGIC ADVISORS, INC.4+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$66,619

INSTITUTIONAL INVESTMENT CONSULTING1 year

Filed as: BB&T INSTITUTIONAL INVESTMENT ADV

Service code 27 · EIN 57-0956597

Advisory (Plan)

$39,833

CONDUENT HR CONSULTING, LLC2 years

Service code 16 · EIN 81-2983623

Consulting

$32,996

FREED MAXICK CPAS PC4+ years

Service code 10 · EIN 45-4051133

Accounting

$26,300

LPL FINANCIAL4+ years

Service code 16 · EIN 04-3046611

Consulting

$23,333

FIDELITY INVESTMENTS INSTITUTIONAL4+ 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