Retirement plan
HARRIS CORPORATION PENSION PLAN FOR EMPLOYEES AT THE PACIFIC MISSILE RANGE FACILITY
HARRIS CORPORATIONEIN 34-0276860Plan #235PY 2017
1025 WEST NASA BOULEVARD - MELBOURNE, FL 32919321-724-3554l3harris.comLinkedIn10001+ employeesdefense & space
Prospect flagsHigh retiree %Low participant contributionFailed to transmit contributions
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)
$42.3M
-22.9% from 2016
Total participants
445
-7.5% from 2016
Average account balance
$0
No prior year
Annual return
13.88%
-8.75 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants100-249
Cohort287 peers
Snapshot2017
11
Participant deferral / active EE
$1,889
median $0
70
Employer contribution / active EE
$26,638
median $5,543
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $33,857
0
Admin fee / account holder
$0
median $141
63
Annual return
13.88%
median 12.89%
Overall peer rank
48of 100
48th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$0
Average account balance
Total assets / participants with a balance (line 6g)
$106K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
398
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
$75K
Contributions per participant
Average employer and participant contribution per enrolled participant
$2K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-93.40%
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.
Plan features & details
Pension benefit codes1A3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
- ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
- 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