Retirement plan
EXELIS AVIONICS DIVISION & EXELIS COMMUNICATIONS SOLUTIONS PENSION PLAN
HARRIS CORPORATIONEIN 34-0276860Plan #006PY 2015
1025 WEST NASA BOULEVARD - MELBOURNE, FL 32919321-724-3844l3harris.comLinkedIn10001+ employeesdefense & space
Prospect flagsHigh retiree %Low returnsWind-down / frozen
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$43.3M
-0.3% from 2016
Total participants
1,226
+2.6% from 2016
Average account balance
$0
No prior year
Annual return
-3.15%
-8.63 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants250-999
Cohort282 peers
Snapshot2015
0
Participant deferral / active EE
$0
median $0
0
Employer contribution / active EE
$0
median $5,193
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $82,591
0
Admin fee / account holder
$0
median $717
19
Annual return
-3.15%
median -1.74%
Overall peer rank
19of 100
19th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$51.94M
Average account balance
Total assets / participants with a balance (line 6g)
$62K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
579
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
$96K
Contributions per participant
Average employer and participant contribution per enrolled participant
$263
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+7.20%
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
BARBARA H. VAUGHAN
BUCK CONSULTANTS, LLC
Enrollment #1404686
500 PLAZA DRIVE
SECAUCUS, NJ 070961533
(201) 902-2300
Signed 2016-09-12
Top hat statement on fileNQDC
Filed March 29, 2005 (most recent of 2 filings on file)
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
Plan features & details
Pension benefit codes1B3H
Plan features
- 1BBenefits are primarily flat dollarBenefits are primarily a flat dollar amount (including a dollar amount per year of service).
- 3HControlled group memberPlan 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.
- 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
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- BUCHBINDER TUNICK & COMPANY LLP
- Auditor EIN
- 131578842
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified