Retirement plan
HARRIS CORPORATION PENSION PLAN FOR EMPLOYEES IN THE NIGHT VISION BARGAINING UNIT
HARRIS CORPORATIONEIN 34-0276860Plan #019PY 2018
1025 WEST NASA BOULEVARD - MELBOURNE, FL 32919321-724-3554l3harris.comLinkedIn10001+ employeesdefense & space
Prospect flagsHigh retiree %Low returnsLow employer contributionWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator entity
EMPL. BEN. COM. HARRIS CORP
EIN 340276860
1025 WEST NASA BOULEVARD ยท MELBOURNE, FL 329190001
Summary metrics
Total assets (EOY)
$82.6M
-18.0% from 2016
Total participants
1,320
+1.1% from 2016
Average account balance
$0
No prior year
Annual return
-8.41%
-8.52 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants250-999
Cohort300 peers
Snapshot2018
0
Participant deferral / active EE
$0
median $0
0
Employer contribution / active EE
$0
median $6,263
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $95,887
0
Admin fee / account holder
$0
median $296
5
Annual return
-8.41%
median -4.89%
Overall peer rank
3of 100
3rd percentileavg across 6 metrics
Analytics
2015 - 2018
Total assets (EOY)
Plan-year ending balance
$82.57M
Average account balance
Total assets / participants with a balance (line 6g)
$63K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
1,025
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
$9.77M
Contributions per participant
Average employer and participant contribution per enrolled participant
$38K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-8.41%
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 2019-09-27
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
4 tripped
- OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
- 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