Retirement plan
CATERPILLAR GLOBAL MINING LEGACY HOURLY EMPLOYEES' PENSION PLAN
CATERPILLAR INC.EIN 37-0602744Plan #039PY 2023
5205 N. O'CONNOR BOULEVARD, SUITE 100 - IRVING, TX 75039972-891-7700caterpillar.comLinkedIn10001+ employeesmachinery
Prospect flagsHigh retiree %Wind-down / frozen
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)
$49.9M
+0.5% from 2016
Total participants
796
+7.1% from 2016
Average account balance
$0
No prior year
Annual return
9.47%
-9.32 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants100-249
Cohort179 peers
Snapshot2023
0
Participant deferral / active EE
$0
median $0
0
Employer contribution / active EE
$0
median $6,010
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $59,936
0
Admin fee / account holder
$0
median $952
52
Annual return
9.47%
median 8.93%
Overall peer rank
52of 100
52nd percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$46.03M
Average account balance
Total assets / participants with a balance (line 6g)
$63K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
624
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
+0.49%
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 3 by compensation
| Provider | Service type | Compensation |
|---|---|---|
PRICEWATERHOUSECOOPERS LLP9+ years Service code 10 · EIN 13-4008324 | Accounting | $61,656 |
ALIGHT SOLUTIONS LLC7 years Service code 15 · EIN 82-1061233 | Recordkeeping | $30,588 |
STRATEGIC BENEFIT ADVISORS2 years Service code 16 · EIN 03-0415817 | Consulting | $21,705 |
Enrolled actuary
1 attachment
SB
MATTHEW WALL
WILLIS TOWERS WATSON US LLC
Enrollment #2308570
233 SOUTH WACKER DRIVE
SUITE 1800
CHICAGO, IL 60606
(312) 525-2500
Signed 2024-09-20
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 codes1B1C1I3F3H
Plan features
- 1BBenefits are primarily flat dollarBenefits are primarily a flat dollar amount (including a dollar amount per year of service).
- 1CCash balance or similar planA 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).
- 1IFrozen planAs 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.
- 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
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
$197K
$1694 / participant
- Recordkeeping$31K15.6%
- Contract admin$22K11.0%
- Other / not subdivided$144K73.4%
% of EOY assets
0.394%
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
- $61,656
- Opinion code
- Unqualified