Westinghouse Electric Company Savings Plan
Plan name | Westinghouse Electric Company Savings Plan |
Location | Cranberry Township, Pennsylvania |
Asset size | $1.4b |
# of participants | 8,000 |
Business Category | Nuclear Energy |
Participation Rate | 96.0% |
Avg Deferral Rate | 10.0% |
# of Funds Offered | 12 |
Investment Review | Twice a year |
True-up Feature | No |
Match Vesting Period | 3 years |
Eligibility | Immediate |
Default Deferral Rate | 3% |
Default Investment | Managed Account |
Auto-Escalation | Yes |
Systematic Withdrawals | Yes |
Fee Equalization | Yes |
Match Rate | 50% of first 6% of salary |
% Receiving Full Match | 80% |
Max Employer Contribution | 6% |
Financial Education | |
Saving/Budgeting | Yes |
Investing strategies | Yes |
Tax/Estate planning | Yes |
College saving | Yes |
Credit/Debt mgmt | Yes |
Retiree health costs/savings options | Yes |
Recordkeeper: | Alight Solutions |