Retirement plan
UNITED TECHNOLOGIES CORPORATION EMPLOYEE RETIREMENT PLAN
UNITED TECHNOLOGIES CORPORATIONEIN 06-0570975Plan #001PY 2017
4 FARM SPRINGS ROAD - FARMINGTON, CT 06034860-728-7000
Prospect flagsLow returnsLow participant contribution
Filing contacts
From the Form 5500, federal recordPlan administrator signer
FRED DAUSSAN
Signed 10/02/2018
Summary metrics
Total assets (EOY)
$8075.1M
+4.6% from 2016
Total participants
37,096
+46.5% from 2016
Average account balance
$0
No prior year
Annual return
-58.63%
-7.47 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants>=10,000
Cohort31 peers
Snapshot2017
13
Participant deferral / active EE
$5
median $19
67
Employer contribution / active EE
$55,039
median $14,389
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $14,491,905
0
Admin fee / account holder
$0
median $81,210
0
Annual return
-58.63%
median 12.93%
Overall peer rank
27of 100
27th percentileavg across 6 metrics
Analytics
2015 - 2019
Total assets (EOY)
Plan-year ending balance
$0
Average account balance
Total assets / participants with a balance (line 6g)
$200K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
4,810
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$218K
Contributions per participant
Average employer and participant contribution per enrolled participant
$6
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-96.24%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.
Enrolled actuary
1 attachment
SB
JAY MITCHELL, F.S.A.
TOWERS WATSON DELAWARE INC.
Enrollment #1705718
200 LIBERTY STREET
NEW YORK, NY 10281
(212) 309-3479
Signed 2018-09-21
Top hat statement on fileNQDC
Filed November 2, 2022 (most recent of 2 filings on file)
Plan administrator
Plans declared (2)
- Raytheon Technologies Corporation Executive Severance Plan1,161 emp
- Raytheon Technologies Corporation Compensation Deferral Plan3,340 emp
Total covered: 4,501 employees
Plan features & details
Pension benefit codes1A1C3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1CCash balance or similar planA cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
2 tripped
- OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
Audit opinion
Schedule H Part III
Disclaimer opinion
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
- Auditor firm
- KPMG LLP
- Auditor EIN
- 135565207
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer