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Retirement plan

CATERPILLAR GLOBAL MINING LEGACY EMPLOYEES' RETIREMENT PLAN

CATERPILLAR INC.EIN 37-0602744Plan #038PY 2018
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510 LAKE COOK ROAD - DEERFIELD, IL 60015224-551-4000caterpillar.comLinkedIn10001+ employeesmachinery
Other plans on this EIN
8 filings
#002Retirement-$10.68B assets#035Retirement-$6.99B assets#001Retirement-$3.11B assets#004Retirement-$3.01B assets#033Retirement-$529.1M assets#039Retirement-$57.5M assets#037Retirement-$39.2M assets#009Retirement-$4.3M assets
Prospect flagsHigh retiree %Wind-down / frozen

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
How to read this page

Summary metrics

Total assets (EOY)
$53.7M
+7.7% from 2016
Total participants
1,423
+16.8% from 2016
Average account balance
$0
No prior year
Annual return
-5.57%
-8.67 pp from 2016

Benchmarks

See 300 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants250-999
Cohort300 peers
Snapshot2018
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $6,263
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $95,887
Admin fee / account holder
$0
median $296
Annual return
-5.57%
median -4.89%
Overall peer rank
39th percentileavg across 6 metrics

Analytics

2015 - 2021
Total assets (EOY)
Plan-year ending balance
$1K
Average account balance
Total assets / participants with a balance (line 6g)
$51K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
995
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
Not enough data
0 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
Not enough data
0 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-94.57%
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 2 by compensation
ProviderService typeCompensation
ALIGHT SOLUTIONS LLC2 years
Service code 15 · EIN 82-1061233
Recordkeeping
$104,222
PRICEWATERHOUSECOOPERS LLP4+ years
Service code 10 · EIN 13-4008324
Accounting
$42,136

Enrolled actuary

1 attachment
SB

LORA S. FORD

WILLIS TOWERS WATSON US LLC
Enrollment #1705467
233 SOUTH WACKER DRIVE
SUITE 1800
CHICAGO, IL 60606
(312) 525-2500
Signed 2019-09-25

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
$259K
$761 / participant
  • Contract admin$104K40.2%
  • Other / not subdivided$155K59.8%
% of EOY assets
0.483%
all-in expense ratio
Categories reported
1 / 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