Retirement plan

RTX CONSOLIDATED PENSION PLAN

Name: RTX CORPORATION - RTX CONSOLIDATED PENSION PLAN (2023) Form 5500
Creator: RTX CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RTX CONSOLIDATED PENSION PLAN, RTX CORPORATION

RTX CORPORATIONEIN 06-0570975Plan #041PY 2023

4 FARM SPRINGS ROAD - FARMINGTON, CT 06032781-522-3000

Other plans on this EIN

2 filings

#017Retirement-$52.76B assets #038Retirement-$47.8M assets

Prospect flagsHigh retiree %Low participant contributionFailed to transmit contributions

Filing contacts

From the Form 5500, federal record

Plan sponsor signer

(name not on filing)

(781) 522-3000

Plan administrator signer

KELLY B. LAPPIN

Signed 09/25/2024

How to read this page

Total assets (EOY)

$43752.1M

+5.1% from 2024

Total participants

288,395

+2.4% from 2024

Average account balance

No prior year

Annual return

68.36%

+65.88 pp from 2024

Benchmarks

See 191 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants>=10,000

Cohort191 peers

Snapshot2023

Participant deferral / active EE

$15

median $12

Employer contribution / active EE

median $5,926

Participation rate

0.0%

median 0.0%

Avg account balance

Admin fee / account holder

Annual return

68.36%

median 8.27%

Overall peer rank

52of 100

52nd percentileavg across 6 metrics

Metric	This plan	Peer set	Industry	Size
Avg account balance	$0	$0	$182,032-100.0%	-
Participation rate	0.0%	0.0%0pp	13.4%-13.4pp	0.0%0pp
Annual return	68.36%	13.18%+55.2pp	7.69%+60.7pp	13.18%+55.2pp
Employer contribution / active EE	$0	$8,469-100.0%	$28,501-100.0%	$8,469-100.0%
Participant deferral / active EE	$15	$322-95.4%	$49-70.0%	$322-95.4%
Admin fee / account holder	$0	$0	$51,246-100.0%	-

Analytics

Less than 3 years of history available for this plan

We'll show a chart here once at least 3 consecutive filings are on record.

Service providers

Top 10 of 14 by compensation

Provider	Service type	Compensation
CONDUENT HR CONSULTING, LLC1+ years Service code 16 · EIN 13-3954297	Consulting	$6,324,153
WILLIS TOWERS WATSON1+ years Service code 15 · EIN 98-1261616	Recordkeeping	$1,665,650
THE BANK OF NEW YORK MELLON1+ years Service code 21 · EIN 13-5160382	Bank Trustee	$686,278
PRICEWATERHOUSECOOPERS LLP1+ years Service code 10 · EIN 13-4008324	Accounting	$374,000
LAND GRAPHICS1+ years Service code 36 · EIN 93-0835177	Direct payment from the plan; Copying...	$93,918
DELOITTE1+ years Service code 10 · EIN 13-6044173	Accounting	$43,816
AETNA LIFE INSURANCE COMPANY1+ years Service code 23 · EIN 06-6033492	Direct payment from the plan; Insuran...	$39,664
METROPOLITAN LIFE INSURANCE COMPANY1+ years Service code 23 · EIN 13-5581829	Insurance services; Direct payment fr...	$32,842
PRUDENTIAL1+ years Service code 23 · EIN 06-1050034	Direct payment from the plan; Insuran...	$32,394
BRIGHTHOUSE LIFE INSURANCE COMPANY1+ years Service code 23 · EIN 06-0566090	Direct payment from the plan; Insuran...	$19,939

Enrolled actuary

1 attachment

CURTIS JONES, F.S.A., E.A.

WILLIS TOWERS WATSON US LLC

Enrollment #2308188

200 LIBERTY STREET

NEW YORK, NY 10281

(212) 309-3629

Signed 2024-09-09

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 view Phone— 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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$26.3M

$726 / participant

Recordkeeping$2M6.3%
Trustee / custodial$686K2.6%
Contract admin$6M24.6%
Other / not subdivided$17M66.4%

% of EOY assets

0.060%

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: $417,816
Opinion code: Unqualified