Retirement plan

CATERPILLAR 401(K) SAVINGS PLAN

CATERPILLAR INC.EIN 37-0602744Plan #035PY 2018
510 LAKE COOK ROAD - DEERFIELD, IL 60015224-551-4000caterpillar.comLinkedIn10001+ employeesmachinery
Prospect flagsLow returns

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(224) 551-4000
Plan administrator entity
CATERPILLAR INC.
EIN 370602744

Summary metrics

Total assets (EOY)
$6992.2M
-8.4% from 2016
Total participants
33,417
+4.8% from 2016
Average account balance
$228,035
-13.9% from 2016
Annual return
-8.38%
-19.13 pp from 2016

Benchmarks

Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants>=10,000
Cohort87 peers
Snapshot2018
Participant deferral / active EE
$9,517
median $6,700
Employer contribution / active EE
$8,197
median $3,820
Participation rate
90.0%
median 95.0%
Avg account balance
$228,035
median $118,768
Admin fee / account holder
$172
median $52
Annual return
-8.38%
median -4.94%
Overall peer rank
52nd percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$18.81B
Average account balance
Total assets / participants with a balance (line 6g)
$318K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
59,142
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
97.3%
Contributions (total)
Employer and participant dollars contributed each year
$942.71M
Contributions per participant
Average employer and participant contribution per enrolled participant
$21K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.07%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$139
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 by compensation
ProviderService typeCompensation
Service code 26 · EIN 82-1061233
Advisory (Participants)
$3,133,647
Service code 15 · EIN 82-1061233
Recordkeeping
$826,808
Service code 13 · EIN 03-0415817
Contract Administrator
$589,325
Service code 21 · EIN 36-1561860
Bank Trustee
$407,182
PERSHING LLC4+ years
Service code 71
Brokerage Fees
$171,773
Service code 33 · EIN 82-1061233
Direct payment from the plan; Distrib...
$130,000
Service code 10 · EIN 13-4008324
Accounting
$82,033
Service code 34
71 S WACKER DRIVE SUITE 2040 · CHICAGO, IL 60656
Other services; Investment management...
$61,231
Service code 28
848 W. EASTMAN ST. · CHICAGO, IL 60642
Investment Management
$19,662
Service code 34
Valuation (appraisals, etc.); Direct ...
$15,707

Top hat statement on fileNQDC

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

Plans declared (1)

  • Caterpillar Inc. Section 409A Compliance Deferred Compensation Plan1 emp

Plan features & details

Pension benefit codes2A2F2G2J2K2O2R2S2T3F3H
Plan features
  • 2A
    Age/service weighted or new comparability plan
    Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants 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.
  • 2J
    Code section 401(k) feature
    Cash 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.
  • 2K
    Code section 401(m) arrangement
    Employee 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.
  • 2O
    ESOP other than a leveraged ESOP
    Employee stock ownership plan that is not leveraged.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 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

1 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II
Admin total
$5.3M
$191 / participant
  • Investment mgmt$3M63.1%
  • Contract admin$827K15.7%
  • Other / not subdivided$1M21.2%
% of EOY assets
0.075%
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