PlanOptica
Retirement plan

L3HARRIS COMBAT PROPULSION SYSTEMS PENSION PLAN

L3HARRIS TECHNOLOGIES, INC.EIN 34-0276860Plan #022PY 2023
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1025 WEST NASA BOULEVARD - MELBOURNE, FL 329190001321-724-3554l3harris.comLinkedIn10001+ employeesdefense & space
Other plans on this EIN
10 filings
#015Retirement-$15.38B assets#023Retirement-$7.75B assets#038Retirement-$182.2M assets#034Retirement-$126.6M assets#032Retirement-$75.7M assets#006Retirement-$50.8M assets#235Retirement-$42.3M assets#027Retirement-$31.9M assets#033Retirement-$20.7M assets#025Retirement-$11.4M assets
Prospect flagsHigh retiree %Wind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(321) 724-3554
Plan administrator entity
EMPL. BEN. COM. L3HARRIS TECH. INC.
EIN 340276860
How to read this page

Summary metrics

Total assets (EOY)
$36.9M
+129.7% from 2021
Total participants
269
+85.6% from 2021
Average account balance
$0
No prior year
Annual return
13.82%
+6.84 pp from 2021

Benchmarks

See 1,486 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants<25
Cohort1,486 peers
Snapshot2023
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $16,857
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $133,386
Admin fee / account holder
$0
median $3,122
Annual return
13.82%
median 7.01%
Overall peer rank
81st percentileavg across 6 metrics

Analytics

2020 - 2024
Total assets (EOY)
Plan-year ending balance
$0
Average account balance
Total assets / participants with a balance (line 6g)
$137K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
269
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Not enough data
1 years with eligibility data
Contributions (total)
Employer and participant dollars contributed each year
Not enough data
0 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
Not enough data
0 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-96.63%
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 #2306644
200 JEFFERSON PARK, 2ND FLOOR
WHIPPANY, NJ 07981
(201) 902-2300
Signed 2024-08-29

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 codes1A1B1C3F3H
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).
  • 1B
    Benefits are primarily flat dollar
    Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
  • 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).
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 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
  • 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
WEAVER AND TIDWELL, LLP
Auditor EIN
750786316
Audit fees
(not subdivided)
Opinion code
Unqualified