WESTINGHOUSE ELECTRIC COMPANY SAVINGS PLAN
Plan Contact
- Address: 1000 WESTINGHOUSE DRIVE,CRANBERRY TOWNSHIP,PA
- Contact person: CRYSTAL CHEN
- Phone: (724) 332-6231
Plan General Information
WESTINGHOUSE ELECTRIC COMPANY SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of WESTINGHOUSE ELECTRIC COMPANY SAVINGS PLAN is $1,881,833,834.00.This plan was established in 1999.
WESTINGHOUSE ELECTRIC COMPANY SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in WESTINGHOUSE ELECTRIC COMPANY SAVINGS PLAN is 7690
WESTINGHOUSE ELECTRIC COMPANY SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for WESTINGHOUSE ELECTRIC COMPANY SAVINGS PLAN is $244,711.00
WESTINGHOUSE ELECTRIC COMPANY SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for WESTINGHOUSE ELECTRIC COMPANY SAVINGS PLAN is $7,911.00.
WESTINGHOUSE ELECTRIC COMPANY SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in WESTINGHOUSE ELECTRIC COMPANY SAVINGS PLAN is approximately $4,261.00
Investing in this additonal $4,261.00 for 20 years would give you extra $272,708.00, assuming a 10% annual return.
Investing in this additonal $4,261.00 for 20 years would give you extra $272,708.00, assuming a 10% annual return.
WESTINGHOUSE ELECTRIC COMPANY SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, WESTINGHOUSE ELECTRIC COMPANY SAVINGS PLAN allocates $32,767,673.00 to match its employees' contributions, providing an employer match rate of 53.93% of their contributions
WESTINGHOUSE ELECTRIC COMPANY SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of WESTINGHOUSE ELECTRIC COMPANY SAVINGS PLAN is 18.02%.
WESTINGHOUSE ELECTRIC COMPANY SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for WESTINGHOUSE ELECTRIC COMPANY SAVINGS PLAN is 22.25%. This measures the effectiveness of the plan participants' investments in the year.
WESTINGHOUSE ELECTRIC COMPANY SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of WESTINGHOUSE ELECTRIC COMPANY SAVINGS PLAN is 0.10%.
Enrollment Features
WESTINGHOUSE ELECTRIC COMPANY SAVINGS PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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