Retirement plan
CATERPILLAR GLOBAL MINING LEGACY HOURLY EMPLOYEES' SAVINGS PLAN
CATERPILLAR INC.EIN 37-0602744Plan #037PY 2023
5205 N. O'CONNOR BOULEVARD, SUITE 100 - IRVING, TX 75039972-891-7700caterpillar.comLinkedIn10001+ employeesmachinery
Prospect flagsFailed to transmit contributions
Filing contacts
From the Form 5500, federal recordPlan administrator entity
CATERPILLAR INC.
EIN 370602744
100 NE ADAMS ST AB4400 · PEORIA, IL 61629
(309) 675-1000Summary metrics
Total assets (EOY)
$47.7M
-9.7% from 2016
Total participants
498
-18.0% from 2016
Average account balance
$99,164
+15.7% from 2016
Annual return
15.62%
-21.18 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants250-999
Cohort2,421 peers
Snapshot2023
71
Participant deferral / active EE
$6,112
median $4,237
86
Employer contribution / active EE
$4,953
median $1,914
62
Participation rate
94.3%
median 90.8%
76
Avg account balance
$99,164
median $62,165
68
Admin fee / account holder
$85
median $136
28
Annual return
15.62%
median 17.42%
Overall peer rank
65of 100
65th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$51.49M
Average account balance
Total assets / participants with a balance (line 6g)
$105K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
489
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
$3.12M
Contributions per participant
Average employer and participant contribution per enrolled participant
$11K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+10.55%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$91
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 |
|---|---|---|
Service code 26 · EIN 82-1061233 | Advisory (Participants) | $15,257 |
ALIGHT SOLUTIONS LLC6 years Service code 15 · EIN 82-1061233 | Recordkeeping | $8,227 |
NORTHERN TRUST COMPANY8 years Service code 21 · EIN 36-1561860 | Bank Trustee | $6,839 |
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 codes2A2E2F2G2J2K2O2R2S2T3F3H
Plan features
- 2AAge/service weighted or new comparability planAge/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).
- 2EProfit-sharingProfit-sharing plan.
- 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
- ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Expense breakdown
Schedule H Part II
Admin total
$41K
$136 / participant
- Recordkeeping$8K20.2%
- Trustee / custodial$7K16.8%
- Investment mgmt$16K38.7%
- Salaries / allowances$1K3.0%
- Contract admin$2K5.6%
- Other / not subdivided$6K15.9%
% of EOY assets
0.086%
all-in expense ratio
Categories reported
5 / 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
- $3,383
- Opinion code
- Unqualified