Retirement plan
UNITED TECHNOLOGIES CORPORATION LEGACY RETIREMENT PLAN
UNITED TECHNOLOGIES CORPORATIONEIN 06-0570975Plan #040PY 2017
4 FARM SPRINGS ROAD - FARMINGTON, CT 06034860-728-7000
Prospect flagsHigh retiree %Wind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
FRED DAUSSAN
Signed 10/02/2018
Summary metrics
Total assets (EOY)
$19270.4M
-4.9% from 2018
Total participants
131,246
-15.7% from 2018
Average account balance
$0
No prior year
Annual return
2739.58%
+2727.76 pp from 2018
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants100-249
Cohort287 peers
Snapshot2017
0
Participant deferral / active EE
$0
median $0
0
Employer contribution / active EE
$0
median $5,543
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $33,857
0
Admin fee / account holder
$0
median $141
100
Annual return
2739.58%
median 12.89%
Overall peer rank
100of 100
100th 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
Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.
Enrolled actuary
1 attachment
SB
JAY MITCHELL, F.S.A
TOWERS WATSON DELAWARE INC.
Enrollment #1705718
200 LIBERTY STREET
NEW YORK, NY 10281
(212) 309-3479
Signed 2018-09-21
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 codes1A1C3H
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).
- 1CCash balance or similar planA 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).
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
2 tripped
- 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.
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 LLP
- Auditor EIN
- 135565207
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer