Company: BWXT
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001486957-25-000008
Chunk: 49

Company: BWX Technologies, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 49
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 asset allocations for the Master Trust at December 31, 2024 and 2023 by asset category:December 31,20242023Asset Category:U.S. Government Securities33 %34 %Commingled and Mutual Funds27 %25 %Real Estate14 %15 %Diversified Credit14 %13 %Fixed Income (excluding U.S. Government Securities)6 %6 %Partnerships with Security Holdings2 %2 %Other4 %5 %Total100 %100 %The target allocation for 2025 for the domestic plans, by asset class, is as follows:Asset Class:Fixed Income57 %Equities33 %Other10 %Foreign PlanWe sponsor the BWXT Canada Ltd. Bargaining Unit Employees' Pension Plan. The following is a summary of the asset allocations of this plan at December 31, 2024 and 2023 by asset category:December 31,20242023Asset Category:Fixed Income60 %61 %Commingled and Mutual Funds37 %35 %Cash and Other3 %4 %Total100 %100 %The target allocation for 2025 for the Canadian plan, by asset class, is as follows:Asset Class:Fixed Income65 %Equities35 %

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Fair ValueSee Note 14 for a detailed description of fair value measurements and the hierarchy established for valuation inputs. The following is a summary of total assets for our plans measured at fair value at December 31, 2024:12/31/2024Level 1Level 2Level 3Unclassified (In thousands)Pension and Other Benefits:U.S. Government Securities261,008 261,008 — — — Commingled and Mutual Funds231,292 42,909 — — 188,383 Real Estate110,223 — — — 110,223 Diversified Credit111,003 — — — 111,003 Fixed Income107,287 36,277 — — 71,010 Partnerships with Security Holdings14,348 — — — 14,348 Cash, Cash Equivalents and Accrued Items (1)30,391 — — — 30,391 Total Assets$865,552 $340,194 $— $— $