Retirement plan
CATERPILLAR INC. TAX DEFERRED RETIREMENT PLAN
CATERPILLAR INC.EIN 37-0602744Plan #033PY 2021
510 LAKE COOK ROAD - DEERFIELD, IL 60015224-551-4000caterpillar.comLinkedIn10001+ employeesmachinery
Prospect flagsLow returnsLow assets / participantLow participant contribution
Filing contacts
From the Form 5500, federal recordPlan administrator entity
CATERPILLAR INC.
EIN 370602744
Summary metrics
Total assets (EOY)
$643.8M
-5.6% from 2016
Total participants
9,831
-0.4% from 2016
Average account balance
$66,143
-8.9% from 2016
Annual return
11.04%
+114.55 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants5,000-9,999
Cohort127 peers
Snapshot2021
9
Participant deferral / active EE
$2,346
median $5,729
25
Employer contribution / active EE
$1,713
median $3,667
87
Participation rate
98.5%
median 94.8%
20
Avg account balance
$66,143
median $123,636
40
Admin fee / account holder
$81
median $71
6
Annual return
11.04%
median 15.24%
Overall peer rank
31of 100
31st 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 6 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 26 · EIN 82-1061233 | Advisory (Participants) | $368,059 |
STRATEGIC BENEFIT ADVISORS7+ years Service code 13 · EIN 03-0415817 | Contract Administrator | $156,448 |
ALIGHT SOLUTIONS LLC5 years Service code 15 · EIN 82-1061233 | Recordkeeping | $143,454 |
NORTHERN TRUST COMPANY7+ years Service code 21 · EIN 36-1561860 | Bank Trustee | $79,488 |
PRICEWATERHOUSECOOPERS LLP7+ years Service code 10 · EIN 13-4008324 | Accounting | $39,280 |
PERSHING LLC7+ years Service code 71 · EIN 13-2741729 | Brokerage Fees | $28,680 |
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
3 tripped
- OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
- OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Expense breakdown
Schedule H Part II
Admin total
$792K
$121 / participant
- Investment mgmt$372K47.0%
- Contract admin$143K18.1%
- Other / not subdivided$276K34.9%
% of EOY assets
0.123%
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