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Retirement plan

CATERPILLAR INC. RETIREMENT INCOME PLAN

CATERPILLAR INC.EIN 37-0602744Plan #002PY 2023
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5205 N. O'CONNOR BOULEVARD, SUITE 100 - IRVING, TX 75039972-891-7700caterpillar.comLinkedIn10001+ employeesmachinery
Other plans on this EIN
5 filings
#035Retirement-$16.50B assets#001Retirement-$2.59B assets#033Retirement-$678.5M assets#039Retirement-$49.9M assets#037Retirement-$47.7M assets
Prospect flagsHigh retiree %Wind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(972) 891-7700
Plan administrator entity
CATERPILLAR INC.
EIN 370602744
100 NE ADAMS ST. AB4400 · PEORIA, IL 61629
(309) 675-1000
How to read this page

Summary metrics

Total assets (EOY)
$9803M
-2.2% from 2016
Total participants
39,205
+2.8% from 2016
Average account balance
$0
No prior year
Annual return
9.86%
-9.42 pp from 2016

Benchmarks

See 191 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort191 peers
Snapshot2023
Participant deferral / active EE
$0
median $12
Employer contribution / active EE
$0
median $5,926
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
9.86%
median 8.27%
Overall peer rank
63rd 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 4 by compensation
ProviderService typeCompensation
ALIGHT SOLUTIONS7 years
Service code 15 · EIN 82-1061233
Recordkeeping
$1,743,644
STRATEGIC BENEFIT ADVISORS9+ years
Service code 16 · EIN 03-0415817
Consulting
$711,289
PRICEWATERHOUSECOOPERS LLP9+ years
Service code 10 · EIN 13-4008324
Accounting
$65,909
WILLIS TOWERS WATSON8 years
Service code 11 · EIN 53-0181291
Actuarial
$7,000

Enrolled actuary

1 attachment
SB

MATTHEW WALL

WILLIS TOWERS WATSON US LLC
Enrollment #2308570
233 SOUTH WACKER DRIVE
SUITE 1800
CHICAGO, IL 60606
(312) 525-2500
Signed 2024-09-20

Top hat statement on fileNQDC

Filed November 17, 2020 (most recent of 12 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
100 N.E. Adams Street
Peoria, IL 61629
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (1)

  • Caterpillar Inc. Section 409A Compliance Deferred Compensation Plan1 emp
Open the filing PDF

Plan features & details

Pension benefit codes1A1C1I3F3H
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).
  • 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).
  • 1I
    Frozen plan
    As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
  • 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.

Expense breakdown

Schedule H Part II
Admin total
$6.4M
$549 / participant
  • Recordkeeping$2M27.3%
  • Actuarial$7K0.1%
  • Contract admin$715K11.2%
  • Other / not subdivided$4M61.3%
% of EOY assets
0.065%
all-in expense ratio
Categories reported
3 / 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
$65,909
Opinion code
Unqualified