Retirement plan
SUNDSTRAND DE PUERTO RICO PENSION PLAN
RTX CORPORATIONEIN 06-0570975Plan #038PY 2022
4 FARM SPRINGS ROAD - FARMINGTON, CT 06032860-728-7000
Other plans on this EIN
3 filingsProspect flagsLow employer contribution
Filing contacts
From the Form 5500, federal recordPlan administrator signer
KELLY B. LAPPIN
Signed 10/31/2023
Summary metrics
Total assets (EOY)
$42.7M
-11.9% from 2016
Total participants
1,561
-7.3% from 2016
Average account balance
$0
No prior year
Annual return
-15.97%
-11.37 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants1,000-4,999
Cohort102 peers
Snapshot2022
0
Participant deferral / active EE
$0
median $226
13
Employer contribution / active EE
$2,913
median $4,201
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $2,456,633
0
Admin fee / account holder
$0
median $14,884
72
Annual return
-15.97%
median -19.23%
Overall peer rank
43of 100
43rd percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$47.55M
Average account balance
Total assets / participants with a balance (line 6g)
$30K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
607
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
$3.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$3K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+1.87%
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
Top 3 by compensation
| Provider | Service type | Compensation |
|---|---|---|
PRICEWATERHOUSECOOPERS1 year Service code 10 · EIN 13-4008324 | Accounting | $100,000 |
CONDUENT HR CONSULTING, LLC3 years Service code 16 · EIN 13-3954297 | Consulting | $52,544 |
WILLIS TOWERS WATSON2 years Service code 15 · EIN 98-1261616 | Recordkeeping | $25,694 |
Enrolled actuary
1 attachment
SB
JAY MITCHELL, F.S.A, E.A.
WILLIS TOWERS WATSON US LLC
Enrollment #2305718
200 LIBERTY STREET
NEW YORK, NY 10281
(212) 309-3479
Signed 2023-09-08
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 codes1A3C3H
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).
- 3CPlan not intended to be qualifiedA plan not intended to be qualified under Code sections 401 403 or 408.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
1 tripped
- OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
Expense breakdown
Schedule H Part II
Admin total
$320K
$310 / participant
- Contract admin$1K0.4%
- Other / not subdivided$318K99.6%
% of EOY assets
0.749%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- PRICEWATERHOUSECOOPERS
- Auditor EIN
- 134008324
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified