PlanOptica
Retirement plan

OTIS ELEVATOR COMPANY PUERTO RICO PENSION PLAN

UNITED TECHNOLOGIES CORPORATIONEIN 06-0570975Plan #014PY 2019
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4 FARM SPRINGS ROAD - FARMINGTON, CT 06032860-728-7000
Other plans on this EIN
4 filings
#017Retirement-$28.56B assets#023Retirement-$2.39B assets#038Retirement-$31.8M assets#001Retirement--
Prospect flagsHigh retiree %Low returnsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(860) 728-7000
Plan administrator signer
FRED DAUSSAN
Signed 07/02/2020
How to read this page

Summary metrics

Total assets (EOY)
$2.1M
-3.9% from 2017
Total participants
126
-0.8% from 2017
Average account balance
$0
No prior year
Annual return
-3.86%
-3.70 pp from 2017

Benchmarks

See 489 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants25-99
Cohort489 peers
Snapshot2019
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $6,848
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $58,463
Admin fee / account holder
$0
median $325
Annual return
-3.86%
median 15.02%
Overall peer rank
2nd 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 3 by compensation
ProviderService typeCompensation
KPMG1 year
Service code 10 · EIN 13-5565207
Accounting
$34,000
WILLIS TOWERS WATSON1 year
Service code 11 · EIN 23-1159360
Actuarial
$27,375
BANK OF AMERICA1 year
Service code 21 · EIN 94-1681731
Bank Trustee
$8,489

Enrolled actuary

1 attachment
SB

LYNNETTE VAUGHN

WILLIS TOWERS WATSON US LLC
Enrollment #2006464
150 N. COLLEGE STREET
SUITE 3050
CHARLOTTE, NC 28202
(704) 620-6531
Signed 2020-05-18

Top hat statement on fileNQDC

Filed November 2, 2022 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
4 Farm Springs Road
Farmington, CT 06032
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (2)

  • Raytheon Technologies Corporation Executive Severance Plan1,161 emp
  • Raytheon Technologies Corporation Compensation Deferral Plan3,340 emp

Total covered: 4,501 employees

Open the filing PDF

Plan features & details

Pension benefit codes1B3H3J
Plan features
  • 1B
    Benefits are primarily flat dollar
    Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
  • 3J
    U.S.-based Puerto Rico dual-qualified plan
    U.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

3 tripped
  • OpportunityLow returns

    Annual investment return 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.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$91K
$2606 / participant
  • Other / not subdivided$91K100.0%
% of EOY assets
4.277%
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