Retirement plan
OTIS ELEVATOR COMPANY PUERTO RICO PENSION PLAN
UNITED TECHNOLOGIES CORPORATIONEIN 06-0570975Plan #014PY 2017
4 FARM SPRINGS ROAD - FARMINGTON, CT 06032860-728-7000
Prospect flagsHigh retiree %Low employer contribution
Filing contacts
From the Form 5500, federal recordPlan administrator signer
FRED DAUSSAN
Signed 06/28/2018
Summary metrics
Total assets (EOY)
$2.2M
-3.9% from 2017
Total participants
121
-0.8% from 2017
Average account balance
$0
No prior year
Annual return
9.28%
-3.70 pp from 2017
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants25-99
Cohort579 peers
Snapshot2017
0
Participant deferral / active EE
$0
median $0
9
Employer contribution / active EE
$57
median $6,702
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $7,968
0
Admin fee / account holder
$0
median $110
28
Annual return
9.28%
median 11.55%
Overall peer rank
18of 100
18th percentileavg across 6 metrics
Analytics
2016 - 2019
Total assets (EOY)
Plan-year ending balance
$2.13M
Average account balance
Total assets / participants with a balance (line 6g)
$17K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
91
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
$191K
Contributions per participant
Average employer and participant contribution per enrolled participant
$6K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-3.86%
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
Not enough data
2 years with F_SCH_H allocation on file
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
TOWERS WATSON DELAWARE INC.
Enrollment #1705718
335 MADISON AVE
NEW YORK, NY 10017
(212) 309-3479
Signed 2018-06-26
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 codes1B3H3J
Plan features
- 1BBenefits are primarily flat dollarBenefits are primarily a flat dollar amount (including a dollar amount per year of service).
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
- 3JU.S.-based Puerto Rico dual-qualified planU.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.
Opportunity flags
2 tripped
- OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Expense breakdown
Schedule H Part II
Admin total
$158K
$4502 / participant
- Other / not subdivided$158K100.0%
% of EOY assets
7.303%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
No opinion code on file for this filing.
- Auditor firm
- (not reported)
- Auditor EIN
- -
- Audit fees
- (not subdivided)
- Opinion code
- -