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Retirement plan

HARRIS CORPORATION PENSION PLAN FOR EMPLOYEES IN THE ELECTRONIC SYSTEMS/INTEGRATED ELECTRONIC WARFARE SYSTEMS BARGAINING UNIT

HARRIS CORPORATIONEIN 34-0276860Plan #006PY 2017
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1025 WEST NASA BOULEVARD - MELBOURNE, FL 329190001321-724-3554l3harris.comLinkedIn10001+ employeesdefense & space
Other plans on this EIN
6 filings
#015Retirement-$6.77B assets#001Retirement-$5.02B assets#019Retirement-$94.6M assets#004Retirement-$56.8M assets#235Retirement-$42.3M assets#105Retirement--
Prospect flagsHigh retiree %Low employer contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(321) 724-3554
Plan administrator entity
EMPL. BEN. COM. HARRIS CORP
EIN 340276860
How to read this page

Summary metrics

Total assets (EOY)
$49M
-0.3% from 2016
Total participants
1,183
+2.6% from 2016
Average account balance
$0
No prior year
Annual return
15.61%
-8.63 pp from 2016

Benchmarks

See 323 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants250-999
Cohort323 peers
Snapshot2017
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$3,623
median $9,047
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $170,924
Admin fee / account holder
$0
median $1,335
Annual return
15.61%
median 12.91%
Overall peer rank
52nd 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

SCOTT BERGER

BUCK GLOBAL LLC
Enrollment #1706644
500 PLAZA DRIVE
SECAUCUS, NJ 070961533
(201) 902-2300
Signed 2018-09-26

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.

Open the filing PDF

Plan features & details

Pension benefit codes1B3H
Plan features
  • 1B
    Benefits are primarily flat dollar
    Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
  • 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

2 tripped
  • OpportunityLow employer contribution

    Employer contribution per participant 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.

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