Retirement plan
SUNDSTRAND DE PUERTO RICO PENSION PLAN
RTX CORPORATIONEIN 06-0570975Plan #038PY 2023
4 FARM SPRINGS ROAD - FARMINGTON, CT 06032781-522-3000
Other plans on this EIN
2 filingsProspect flagsLow employer contribution
Filing contacts
From the Form 5500, federal recordPlan administrator signer
KELLY B. LAPPIN
Signed 09/25/2024
Summary metrics
Total assets (EOY)
$47.8M
-11.9% from 2016
Total participants
1,598
-7.3% from 2016
Average account balance
$0
No prior year
Annual return
7.09%
-11.37 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants1,000-4,999
Cohort90 peers
Snapshot2023
0
Participant deferral / active EE
$0
median $65
15
Employer contribution / active EE
$2,904
median $3,929
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $13,363
0
Admin fee / account holder
$0
median $125
35
Annual return
7.09%
median 8.91%
Overall peer rank
25of 100
25th 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 4 by compensation
| Provider | Service type | Compensation |
|---|---|---|
PRICEWATERHOUSECOOPERS2 years Service code 10 · EIN 13-4008324 | Accounting | $125,000 |
CONDUENT HR CONSULTING, LLC4 years Service code 16 · EIN 13-3954297 | Consulting | $49,507 |
WILLIS TOWERS WATSON3 years Service code 15 · EIN 98-1261616 | Recordkeeping | $7,854 |
Service code 21 · EIN 13-5160382 | Bank Trustee | $5,426 |
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 2024-08-23
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
$683K
$662 / participant
- Recordkeeping$8K1.1%
- Trustee / custodial$5K0.8%
- Contract admin$50K7.2%
- Other / not subdivided$621K90.8%
% of EOY assets
1.431%
all-in expense ratio
Categories reported
3 / 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
- $125,000
- Opinion code
- Unqualified