PlanOptica
Retirement plan

UNITED TECHNOLOGIES CORPORATION PENSION PLAN

RTX CORPORATIONEIN 06-0570975Plan #040PY 2022
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4 FARM SPRINGS ROAD - FARMINGTON, CT 06032860-728-7000
Other plans on this EIN
3 filings
#017Retirement-$48.92B assets#038Retirement-$42.7M assets#023Retirement--
Prospect flagsRecently cancelled planLow returnsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(860) 728-7000
Plan administrator signer
KELLY B. LAPPIN
Signed 10/31/2023
How to read this page

Summary metrics

Total assets (EOY)
$0
-4.9% from 2018
Total participants
0
-15.7% from 2018
Average account balance
$0
No prior year
Annual return
-93.95%
+2727.76 pp from 2018

Benchmarks

See 1,492 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants<25
Cohort1,492 peers
Snapshot2022
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $17,800
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $128,364
Admin fee / account holder
$0
median $0
Annual return
-93.95%
median -12.36%
Overall peer rank
3rd percentileavg across 6 metrics

Analytics

2017 - 2022
Total assets (EOY)
Plan-year ending balance
$0
Average account balance
Total assets / participants with a balance (line 6g)
$186K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
154,086
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
$308K
Contributions per participant
Average employer and participant contribution per enrolled participant
$11
Not enough data
2 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-93.95%
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 10 of 14 by compensation
ProviderService typeCompensation
CONDUENT HR CONSULTING, LLC3 years
Service code 16 · EIN 13-3954297
Consulting
$7,790,208
PRUDENTIAL3 years
Service code 23 · EIN 06-1050034
Direct payment from the plan; Insuran...
$3,805,076
WILLIS TOWERS WATSON2 years
Service code 15 · EIN 98-1261616
Recordkeeping
$1,299,280
TIGERPRESS1 year
Service code 36 · EIN 04-3059252
Other services; Copying and duplicati...
$156,558
PRICEWATERHOUSECOOPERS LLP2 years
Service code 10 · EIN 13-4008324
Accounting
$135,426
DATA BASED DEVELOPMENT2 years
Service code 49 · EIN 06-1202737
Other Services
$134,533
IBM3 years
Service code 49 · EIN 13-0871985
Other Services
$56,450
DELOITTE2 years
Service code 10 · EIN 13-6044173
Accounting
$27,849
METROPLITAN LIFE INSURANCE COMPANY1 year
Service code 23 · EIN 13-5581829
Direct payment from the plan; Insuran...
$20,723
FIDELITY INVESTMENTS INSTITUTIONAL3 years
Service code 13 · EIN 04-2647786
Contract Administrator
$20,679

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 2023-08-31

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 codes1A1C1E3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1C
    Cash balance or similar plan
    A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
  • 1E
    Section 401(h) arrangement
    Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • 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.

  • InformationalRecently cancelled plan

    Plan reported a final filing / termination within the last year.

Expense breakdown

Schedule H Part II
Admin total
$28.0M
  • Contract admin$4M13.8%
  • Other / not subdivided$24M86.2%
% of EOY assets
-
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