Retirement plan
OTIS ELEVATOR COMPANY PUERTO RICO PENSION PLAN
UNITED TECHNOLOGIES CORPORATIONEIN 06-0570975Plan #014PY 2018
4 FARM SPRINGS ROAD - FARMINGTON, CT 06032860-728-7000
Prospect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordPlan administrator signer
FRED DAUSSAN
Signed 03/30/2020
Summary metrics
Total assets (EOY)
$2.3M
-3.9% from 2017
Total participants
123
-0.8% from 2017
Average account balance
$0
No prior year
Annual return
5.86%
-3.70 pp from 2017
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants25-99
Cohort540 peers
Snapshot2018
0
Participant deferral / active EE
$0
median $0
40
Employer contribution / active EE
$5,969
median $6,400
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $48,087
0
Admin fee / account holder
$0
median $1,275
89
Annual return
5.86%
median -4.32%
Overall peer rank
65of 100
65th 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
Top 1 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 11 · EIN 23-1159360 | Actuarial | $48,986 |
Enrolled actuary
1 attachment
SB
JAY MITCHELL
WILLIS TOWERS WATSON US LLC
Enrollment #1705718
200 LIBERTY STREET
NEW YORK, NY 10281
(212) 309-3479
Signed 2019-06-20
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
1 tripped
- 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
$70K
$2180 / participant
- Other / not subdivided$70K100.0%
% of EOY assets
2.982%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used
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 LLC
- Auditor EIN
- 135565207
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer