Retirement plan
CATERPILLAR INC. TAX DEFERRED RETIREMENT PLAN
CATERPILLAR INC.EIN 37-0602744Plan #033PY 2016
Prospect flagsLow participant contribution
Filing contacts
From the Form 5500, federal recordPlan administrator entity
CATERPILLAR INC.
EIN 370602744
Summary metrics
Total assets (EOY)
$506.5M
-5.6% from 2016
Total participants
9,267
-0.4% from 2016
Average account balance
$55,642
-8.9% from 2016
Annual return
12.08%
+114.55 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants5,000-9,999
Cohort118 peers
Snapshot2016
13
Participant deferral / active EE
$2,041
median $4,739
27
Employer contribution / active EE
$1,594
median $2,740
85
Participation rate
97.5%
median 93.5%
27
Avg account balance
$55,642
median $81,082
17
Admin fee / account holder
$86
median $51
81
Annual return
12.08%
median 8.91%
Overall peer rank
42of 100
42nd percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$748.93M
Average account balance
Total assets / participants with a balance (line 6g)
$76K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
9,794
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.8%
Contributions (total)
Employer and participant dollars contributed each year
$37.92M
Contributions per participant
Average employer and participant contribution per enrolled participant
$6K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+14.58%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$79
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 8 by compensation
| Provider | Service type | Compensation |
|---|---|---|
PERSHING LLC2+ years Service code 50 · EIN 13-2741729 | Direct Payment | $296,034 |
Service code 26 · EIN 35-2421957 | Advisory (Participants) | $268,103 |
HEWITT ASSOCIATES LLC2+ years Service code 15 · EIN 36-2235791 | Recordkeeping | $193,305 |
HEWITT FINANCIAL SERVICES LLC2+ years Service code 33 · EIN 36-3943169 | Direct payment from the plan; Distrib... | $157,681 |
STRATEGIC BENEFIT ADVISORS2+ years Service code 13 · EIN 03-0415817 | Contract Administrator | $137,788 |
PRICEWATERHOUSECOOPERS LLP2+ years Service code 10 · EIN 13-4008324 | Accounting | $99,504 |
NORTHERN TRUST COMPANY2+ years Service code 21 · EIN 36-1561860 | Bank Trustee | $59,820 |
RUSSELL INVESTMENTS1 year Service code 34 71 S. WACKER DRIVE SUITE #2040 · CHICAGO, IL 60656 | Direct payment from the plan; Investm... | $6,897 |
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 codes2F2G2J2K2O2R2S2T3F3H
Plan features
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2OESOP other than a leveraged ESOPEmployee stock ownership plan that is not leveraged.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 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
- OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
Expense breakdown
Schedule H Part II
Admin total
$779K
$121 / participant
- Investment mgmt$424K54.4%
- Contract admin$193K24.8%
- Other / not subdivided$162K20.8%
% of EOY assets
0.154%
all-in expense ratio
Categories reported
2 / 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