Retirement plan
CATERPILLAR INC. RETIREMENT INCOME PLAN
CATERPILLAR INC.EIN 37-0602744Plan #002PY 2018
510 LAKE COOK ROAD - DEERFIELD, IL 60015224-551-4000caterpillar.comLinkedIn10001+ employeesmachinery
Prospect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordPlan administrator entity
CATERPILLAR INC.
EIN 370602744
Summary metrics
Total assets (EOY)
$10680.7M
-2.2% from 2016
Total participants
42,622
+2.8% from 2016
Average account balance
$0
No prior year
Annual return
-5.48%
-9.42 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort223 peers
Snapshot2018
0
Participant deferral / active EE
$0
median $34
78
Employer contribution / active EE
$98,174
median $5,100
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $7,764,297
0
Admin fee / account holder
$0
median $62,356
21
Annual return
-5.48%
median -3.72%
Overall peer rank
50of 100
50th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$9.19B
Average account balance
Total assets / participants with a balance (line 6g)
$240K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
27,226
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
$1.50B
Contributions per participant
Average employer and participant contribution per enrolled participant
$98K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+0.76%
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
Top 3 by compensation
| Provider | Service type | Compensation |
|---|---|---|
ALIGHT SOLUTIONS2 years Service code 15 · EIN 82-1061233 | Recordkeeping | $1,945,469 |
STRATEGIC BENEFIT ADVISORS4+ years Service code 16 · EIN 03-0415817 | Consulting | $1,253,620 |
PRICEWATERHOUSECOOPERS LLP4+ years Service code 10 · EIN 13-4008324 | Accounting | $48,640 |
Enrolled actuary
1 attachment
SB
LORA S. FORD
WILLIS TOWERS WATSON US LLC
Enrollment #1705467
233 SOUTH WACKER DRIVE
SUITE 1800
CHICAGO, IL 60606
(312) 525-2500
Signed 2019-09-25
Top hat statement on fileNQDC
Filed November 17, 2020 (most recent of 12 filings on file)
Plan administrator
Plans declared (1)
- Caterpillar Inc. Section 409A Compliance Deferred Compensation Plan1 emp
Plan features & details
Pension benefit codes1A1C3F3H
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).
- 1CCash balance or similar planA 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).
- 3FLeased employeesPlan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
1 tripped
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Expense breakdown
Schedule H Part II
Admin total
$25.9M
$1692 / participant
- Contract admin$2M7.5%
- Other / not subdivided$24M92.5%
% of EOY assets
0.242%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- PRICEWATERHOUSECOOPERS LLP
- Auditor EIN
- 134008324
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified