Wabtec Savings Plan
Westinghouse Air Brake Technologies Corporation · Pittsburgh, PA · EIN 251615902 · Plan 004 · Form 5500 for plan year 2024
Fidelity Investments Inst Oper Co is the recordkeeper named on this filing, the company that keeps the account records for this plan. What the filing says, and who to call.
What Wabtec put into the plan, per active participant
$5,065
Westinghouse Air Brake Technologies Corporation put $5,065 into this plan for each of its 11,741 active participants in plan year 2024. That is the whole employer side, matching money, profit sharing, non-elective and safe-harbor contributions and reallocated forfeitures together, because the Form 5500 reports them on one line, so it is not the match rate.
Wabtec put in more per active participant than 66% of plans with 5,000+ participants in aerospace and vehicle manufacturing. The middle plan in that group of 69 reported $4,233. Aerospace and vehicle manufacturing comes from business code 336990, which Westinghouse Air Brake Technologies Corporation entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
What this figure cannot separate: how much Wabtec pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: Form 5500 filing for the plan year ended December 31, 2024, received by the DOL July 14, 2025 · Read the filing (PDF) ↗
The $5,065 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. Westinghouse Air Brake Technologies Corporation also files a Form 11-K, which states the match formula on its own for plan year 2025: the section below reads $1,485 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What the plan cost, per participant
$56.13
The plan paid $56.13 per participant in plan-paid administrative expenses in plan year 2024, more expensive than 51% of plans with 5,000+ participants. The middle plan of that size paid $54.84.
Why a plan this big pays less per person before anything else
Bigger plans pay less per head by construction, because the same negotiated bill divides across more people. That is why this ranking sits inside the plan's own size cohort and is never taken across all plans.
Schedule H reports only what came out of plan assets. Fees the sponsor pays directly, and fees taken inside fund expense ratios, never appear here, so this is a floor and not the all-in cost.
401(k) Monitor Score
61 out of 100
Where this plan stands against plans of its size and industry on two amounts its Form 5500 reports: employer money in per active person, and plan-paid cost per person. It reads no match formula, no vesting schedule and no fund lineup, because a Form 5500 states none of them.
- What the employer put in, per active participant: $5,065. Higher than 66% of plans with 5,000+ participants in aerospace and vehicle manufacturing.
- What the plan cost, per participant: $56.13. Cheaper than 49% of plans with 5,000+ participants.
On this page: who holds your account · the match and vesting terms · what to check next · every figure on the filing · late deposits · fees itemised · the plans this one is ranked against · service providers
Who holds your account
Schedule C of this filing reports Fidelity Investments Inst Oper Co. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
| Recordkeeper | Fidelity Investments Inst Oper Co |
|---|---|
| Recordkeeper EINThe provider's own employer identification number, as the filing states it. | 042647786 |
| Plan sponsor telephoneThe number Westinghouse Air Brake Technologies Corporation filed on the Form 5500. It reaches the employer, not the recordkeeper. | (412) 825-1000 |
The match and vesting terms, from a Form 11-K
The match formula and the vesting schedule are stated in a Form 11-K, which is filed only by employers whose plan holds company stock. A Form 5500 reports neither.
What Wabtec puts in
$1,485
a year, at a $49,500 salary.
The match paragraph, word for word
“For those participants that are eligible, the Company makes an annual basic contribution of 3% of a participant’s eligible compensation, with the general requirement that the Company employs the participant on the last work day of the year for which the basic contribution is made. In addition, the Company will match 100% of the participant’s pre-tax, Roth and/or after-tax contributions to the Plan up to a total of 3% of eligible compensation. Different levels of annual basic contributions and matching contributions may apply to certain collectively bargained employees.”
What you contribute to collect all of it
Contribute at least 3% of your pay to collect the full match.
That is $1,485 a year at a $49,500 salary, and it scales with your own.
Vesting score
57.14 out of 100
How fast the employer’s money becomes yours. Higher than 5% of the 369 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 0%, 0%, 0%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Employee pre-tax, Roth, after-tax and rollover contributions are at all times 100% vested and non-forfeitable. Plan participants become 100% vested in employer contributions after three years of service as described in the Plan document. Special vesting rules may apply to amounts held on behalf of certain union employees and on amounts transferred into the Plan from another qualified retirement plan.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
51st percentile
$56.13 per participant in plan-paid administrative cost, more expensive than 51% of plans with 5,000+ participants.
The match, vesting and eligibility terms above are read from the Form 11-K filed by Westinghouse Air Brake Technologies Corporation, whose page states the full formula, the vesting schedule and the sentence behind each one.
What to check next
Collecting the whole match
Wabtec’s Form 11-K pays the whole match at 3% of pay, which is $1,485 a year at a $49,500 salary and scales with your own. Your payslip and your Fidelity NetBenefits ↗ account both show the rate you set. A rate below 3% collects less than the whole match.
That Form 11-K covers plan year 2025. The plan’s Summary Plan Description states the terms in force, and the plan administrator must provide it to participants on request.
Your own numbers are not on this page
Every figure here is the whole plan for plan year 2024, taken from one filing and divided by headcounts. Your own contribution rate, your balance and the fees taken from your account are on your recordkeeper’s site, which this filing names as Fidelity NetBenefits ↗. What you may put in during a year is set by the IRS and not by the plan: this year’s limits ↗.
Key figures
| Total plan assets, end of year | $1,581,584,786 |
|---|---|
| Net assets | $1,581,584,786 |
| Participants, beginning of year | 14,850 |
| Of which active | 11,741 |
| Plan type | Single employer |
| Size cohortThe peer group we rank fees against. | 5,000+ participants |
| Automatic enrollmentForm 5500 line 8a carries a code for automatic enrollment, 2S, and this filing does not tick it. Across this dataset 25,364 plans do. | Not ticked on this filing |
| How the filing meets the 401(k) nondiscrimination rules, plan year 2024Schedule R part VII, as ticked. The rule compares what the higher-paid put in with what everyone else puts in, and the boxes say which method the plan used for this year. A plan can tick a different box next year, so this is an answer for one year, not a label. | Current year ADP test |
| Employer share of the money that went in, plan year 2024The rest came from employees, who put in $101,671,722. The share falls when employees save more, so a plan whose staff contribute heavily reads lower here through no act of the employer. It is printed as a fact and it is not part of the score. | 37% |
Late deposits of employee contributions
Schedule H line 4a of this filing is answered no: it reports no money withheld from participants’ pay that reached the plan later than the law allows, for plan year 2024.
The line is answered by the employer about its own plan and nobody checks it here, so a no is an answer rather than a clean bill of health. 13,904 of the 55,904 plans that answered this line answered yes.
Plan-paid administrative expenses
The plan paid $833,553 in administrative expenses in plan year 2024, across 14,850 participants: $56.13 per participant.
| Contract administrator fees | $9,300 |
|---|---|
| Professional fees | not reported in filing |
| Investment management fees | $445,547 |
| Other administrative fees | $183,289 |
These are plan-paid expenses from Schedule H only. Fees the sponsor pays directly, and fees embedded in fund expense ratios, never appear here. This figure is a floor, not the all-in cost, and a low number is not “free”.
The plans this one is ranked against
Fees on this page are ranked against the 5,000+ participant cohort, where the median plan pays $54.84 per participant. The sponsor files from Pennsylvania, one of 2,692 plans on file there, at a median of $127.89 per participant. Its business code places the plan in aerospace and vehicle manufacturing, one of 934 on file, which run to a median of $112.59.
Plans of a similar size in Pennsylvania
| Plan | Participants | Cost per participant |
|---|---|---|
| Five Below 401(k) Retirement Savings PlanFive Below, Inc. | 15,848 | $17.52 |
| Uss 401(k) Plan For Usw-Represented EmployeesUnited States Steel Corporation And Affiliated Cos. | 14,894 | $65.36 |
| Penske Retirement Savings PlanPenske Truck Leasing Co., Lp | 13,548 | not itemized |
| Rentokil Initial USA 401(k) PlanRentokil North America, Inc. | 13,298 | $139.94 |
Service providers (Schedule C)
| Provider | Service codes | Direct comp. ($) | Indirect comp. ($) |
|---|---|---|---|
| Strategic Advisors, Inc. | 27 | 445,547 | not reported |
| Morgan Lewis & Bockius LLP | 29 | 110,761 | not reported |
| Buck Global, LLC | 16 | 93,289 | not reported |
| One Digital | 28 | 90,000 | not reported |
| Freed Maxick P.C. | 10 | 61,496 | not reported |
| Fidelity Investments Inst Oper Co | 65, 71, 64, 37 | 35,827 | not reported |
Useful links
- Find a 401(k) you left at an old job ↗
The DOL's Retirement Savings Lost & Found. Free and official.
- Read this plan's Form 5500 as filed (PDF) ↗
The document every figure above was read from, served by the DOL. Acknowledgement ID 20250714182258NAL0001069075001.
Source
Everything this page reports about the plan itself was read from one document: the Form 5500 annual return that Westinghouse Air Brake Technologies Corporation filed with the US Department of Labor for the plan year ended December 31, 2024. Nothing here is estimated, modelled or supplied by the employer to this site.
Where the page compares this plan with others, the comparison is computed from the same Form 5500 release across the peer group each figure names. The filing is below, and the identifiers under it find it again without this page.
Read the filing as submitted (PDF, dol.gov) ↗
| Document | Form 5500 annual return for plan year 2024 |
|---|---|
| Filed with | US Department of Labor, EBSA (through EFAST2) |
| Filed byAs spelled on the filing | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION |
| Employer EIN | 251615902 |
| Plan number | 004 |
| Filing ACK_ID | 20250714182258NAL0001069075001 |
| Received by the DOL | July 14, 2025 |
| Bulk dataset | DOL EFAST2 Form 5500 bulk data (FOIA) |
| Dataset last refreshed | July 28, 2026 |
Bulk dataset at askebsa.dol.gov ↗ · Search EFAST2 by EIN and plan number ↗
401(k) Monitor is not affiliated with Westinghouse Air Brake Technologies Corporation, with the Department of Labor or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Filings lag by design: a plan can file up to 9½ months after its year ends, so this is the newest data on file. Why filings lag
Cite this page
401(k) Monitor, "Wabtec Savings Plan: Form 5500 facts", from DOL EFAST2 filing 20250714182258NAL0001069075001, plan year ended December 31, 2024. 401(k) Monitor Score 61 out of 100 (exact value 61.01).
