401(k) Retirement Plan · Active
RTX SAVINGS PLAN
RTX CORPORATION·EIN 060570975
4 FARM SPRINGS ROAD · FARMINGTON, CT 06032
Plan year
2024
Plan #
017
Industry
Filing ACK
202510132221…
Prospect flagsNo flags tripped
Summary metrics
Total assets (EOY)
$58647.4M
$276,649 per participant
Active participants
214,241
59.3% participation
Participation rate
59.3%
19th percentile
Annual return
15.27%
59th percentile
Admin expense
0.03%
% of assets
Flag timeline
Issue history by plan year
Tripped years: 0Watched years: 0
2021
Clean
2022
Clean
2023
Clean
2024
Clean
CleanWatchedTripped (shade = count)
Section 02
How this plan compares
Peer groupIndustry33, Assets>$1B, Participants>=10,000, Snapshot2024
- Participant contribution$13,99471st pctile
- Employer contribution$8,77570th pctile
- Participation rate59.3%19th pctile
- Assets per participant$276,64967th pctile
- Expense efficiency$8054th pctile
- Annual return15.27%59th pctile
Overall peer rank
- Bottom quartile
- Mid
- Top quartile
Averaged across 6 normalized metrics within the selected peer group.
Fee trend
Return trend
Section 03
10-year trajectory2021 - 2024
How plan year 2024 played out
Asset flow
+$5.89B
Start of year to end of year
Section 04
Asset composition
End-of-year allocation
Cash drag vs peers
Plan cash
0.0%
Peer average
0.6%
In line with peersPeer marker at 0.6%
Section 04
Service providers
Top 2 by compensation
| Provider | Service type | Compensation |
|---|---|---|
ALIGHT SOLUTIONS LLC Service code 15 | Recordkeeping | $9,376,000 |
STATE STREET BANK AND TRUST CO Service code 28 | Investment Management | $446,000 |
Section 05Plan features & details
ShowHide features, contributions, expenses, fidelity bond & compliancePension benefit codes2E2F2H2J2K2P3H
Section 05
Plan features & details
ShowHide features, contributions, expenses, fidelity bond & compliance
Pension benefit codes2E2F2H2J2K2P3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2HPartial participant-directed account planParticipants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2PLeveraged ESOPEmployee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Contributions
Employer total$1,082,185,000
Participant total$1,725,789,000
Employer / P$8,775
Participant / P$13,994
Expenses
Admin expenses$9,889,000
Per participant$80.19
% of assets0.02%
Fidelity bond
Coverage amount$90,000,000
% of assets0.15%Below ERISA §412 10% minimum
Section 06
Other plans under this sponsor
Same EIN ·060570975