Westinghouse Electric Company Savings Plan

Plan nameWestinghouse Electric Company Savings Plan
LocationCranberry Township, Pennsylvania
Asset size$1.4b
# of participants8,000
Business Category Nuclear Energy
Participation Rate96.0%
Avg Deferral Rate10.0%
# of Funds Offered12
Investment ReviewTwice a year
True-up FeatureNo
Match Vesting Period3 years
EligibilityImmediate
Default Deferral Rate3%
Default InvestmentManaged Account
Auto-EscalationYes
Systematic WithdrawalsYes
Fee EqualizationYes
Match Rate50% of first 6% of salary
% Receiving Full Match80%
Max Employer Contribution6%
Financial Education 
   Saving/BudgetingYes
   Investing strategiesYes
   Tax/Estate planningYes
   College savingYes
   Credit/Debt mgmtYes
   Retiree health costs/savings optionsYes
Recordkeeper:Alight Solutions
Requalified plan
Note: Match rates and employer contributions are simplified for reporting purposes and may have other attributes (e.g., caps/limits, tiers, etc.) not listed here.
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