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REVISED PENSION PLAN FOR HOURLY RATED EMPLOYEES OF L3HARRIS CINCINNATI ELECTRONICS CORPORATION 401k Plan overview

Plan NameREVISED PENSION PLAN FOR HOURLY RATED EMPLOYEES OF L3HARRIS CINCINNATI ELECTRONICS CORPORATION
Plan identification number 025

REVISED PENSION PLAN FOR HOURLY RATED EMPLOYEES OF L3HARRIS CINCINNATI ELECTRONICS CORPORATION Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

L3HARRIS TECHNOLOGIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:L3HARRIS TECHNOLOGIES, INC.
Employer identification number (EIN):340276860
NAIC Classification:333200

Additional information about L3HARRIS TECHNOLOGIES, INC.

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 0209229

More information about L3HARRIS TECHNOLOGIES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan REVISED PENSION PLAN FOR HOURLY RATED EMPLOYEES OF L3HARRIS CINCINNATI ELECTRONICS CORPORATION

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0252022-01-01ANDREA HARTMAN2023-10-09 ANDREA HARTMAN2023-10-09
0252021-01-01ANDREA HARTMAN2022-10-07 ANDREA HARTMAN2022-10-07
0252020-01-01ANDREA HARTMAN2021-10-06 ANDREA HARTMAN2021-10-06

Plan Statistics for REVISED PENSION PLAN FOR HOURLY RATED EMPLOYEES OF L3HARRIS CINCINNATI ELECTRONICS CORPORATION

401k plan membership statisitcs for REVISED PENSION PLAN FOR HOURLY RATED EMPLOYEES OF L3HARRIS CINCINNATI ELECTRONICS CORPORATION

Measure Date Value
2022: REVISED PENSION PLAN FOR HOURLY RATED EMPLOYEES OF L3HARRIS CINCINNATI ELECTRONICS CORPORATION 2022 401k membership
Market value of plan assets2022-12-3112,131,795
Acturial value of plan assets2022-12-3111,151,010
Funding target for retired participants and beneficiaries receiving payment2022-12-31572,960
Number of terminated vested participants2022-12-3136
Fundng target for terminated vested participants2022-12-31184,252
Active participant vested funding target2022-12-31142,628
Number of active participants2022-12-317
Total funding liabilities for active participants2022-12-31142,628
Total participant count2022-12-3186
Total funding target for all participants2022-12-31899,840
Balance at beginning of prior year after applicable adjustments2022-12-316,626,059
Amount remaining of carryover balance2022-12-316,626,059
Balance of carryovers at beginning of current year2022-12-317,611,354
Balance of prefunding at beginning of current year2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31101,233
Unpaid minimum required contributions for current year2022-12-310
Total participants, beginning-of-year2022-01-0186
Total number of active participants reported on line 7a of the Form 55002022-01-016
Number of retired or separated participants receiving benefits2022-01-0136
Number of other retired or separated participants entitled to future benefits2022-01-0134
Total of all active and inactive participants2022-01-0176
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-018
Total participants2022-01-0184
2021: REVISED PENSION PLAN FOR HOURLY RATED EMPLOYEES OF L3HARRIS CINCINNATI ELECTRONICS CORPORATION 2021 401k membership
Market value of plan assets2021-12-3110,739,771
Acturial value of plan assets2021-12-319,706,738
Funding target for retired participants and beneficiaries receiving payment2021-12-31678,237
Number of terminated vested participants2021-12-3139
Fundng target for terminated vested participants2021-12-31196,010
Active participant vested funding target2021-12-31144,093
Number of active participants2021-12-317
Total funding liabilities for active participants2021-12-31144,093
Total participant count2021-12-3196
Total funding target for all participants2021-12-311,018,340
Balance at beginning of prior year after applicable adjustments2021-12-315,711,135
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-315,711,135
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-316,626,059
Balance of prefunding at beginning of current year2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31141,236
Unpaid minimum required contributions for current year2021-12-310
Total participants, beginning-of-year2021-01-0196
Total number of active participants reported on line 7a of the Form 55002021-01-017
Number of retired or separated participants receiving benefits2021-01-0137
Number of other retired or separated participants entitled to future benefits2021-01-0134
Total of all active and inactive participants2021-01-0178
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-018
Total participants2021-01-0186
2020: REVISED PENSION PLAN FOR HOURLY RATED EMPLOYEES OF L3HARRIS CINCINNATI ELECTRONICS CORPORATION 2020 401k membership
Market value of plan assets2020-12-319,447,419
Acturial value of plan assets2020-12-318,921,710
Funding target for retired participants and beneficiaries receiving payment2020-12-31642,683
Number of terminated vested participants2020-12-3141
Fundng target for terminated vested participants2020-12-31201,895
Active participant vested funding target2020-12-31210,894
Number of active participants2020-12-319
Total funding liabilities for active participants2020-12-31210,894
Total participant count2020-12-31104
Total funding target for all participants2020-12-311,055,472
Balance at beginning of prior year after applicable adjustments2020-12-314,699,749
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-314,699,749
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-315,711,135
Balance of prefunding at beginning of current year2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31141,153
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-01104
Total number of active participants reported on line 7a of the Form 55002020-01-017
Number of retired or separated participants receiving benefits2020-01-0143
Number of other retired or separated participants entitled to future benefits2020-01-0137
Total of all active and inactive participants2020-01-0187
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-019
Total participants2020-01-0196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on REVISED PENSION PLAN FOR HOURLY RATED EMPLOYEES OF L3HARRIS CINCINNATI ELECTRONICS CORPORATION

Measure Date Value
2022 : REVISED PENSION PLAN FOR HOURLY RATED EMPLOYEES OF L3HARRIS CINCINNATI ELECTRONICS CORPORATION 2022 401k financial data
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$28,638
Total income from all sources2022-12-31$-2,018,691
Expenses. Total of all expenses incurred2022-12-31$73,165
Benefits paid (including direct rollovers)2022-12-31$73,165
Total plan assets at end of year2022-12-31$10,000,019
Total plan assets at beginning of year2022-12-31$12,120,513
Value of fidelity bond covering the plan2022-12-31$15,000,000
Other income received2022-12-31$-2,018,691
Net income (gross income less expenses)2022-12-31$-2,091,856
Net plan assets at end of year (total assets less liabilities)2022-12-31$10,000,019
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$12,091,875
2021 : REVISED PENSION PLAN FOR HOURLY RATED EMPLOYEES OF L3HARRIS CINCINNATI ELECTRONICS CORPORATION 2021 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$28,638
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$30,929
Total income from all sources (including contributions)2021-12-31$1,443,502
Total of all expenses incurred2021-12-31$79,128
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$79,128
Value of total assets at end of year2021-12-31$12,120,513
Value of total assets at beginning of year2021-12-31$10,758,430
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$15,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Liabilities. Value of operating payables at end of year2021-12-31$28,638
Liabilities. Value of operating payables at beginning of year2021-12-31$30,929
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$1,364,374
Value of net assets at end of year (total assets less liabilities)2021-12-31$12,091,875
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$10,727,501
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in master investment trust accounts at end of year2021-12-31$12,120,513
Value of interest in master investment trust accounts at beginning of year2021-12-31$10,758,430
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$79,128
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
Did the plan have assets held for investment2021-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31BUCHBINDER TUNICK & COMPANY LLP
Accountancy firm EIN2021-12-31131578842
2020 : REVISED PENSION PLAN FOR HOURLY RATED EMPLOYEES OF L3HARRIS CINCINNATI ELECTRONICS CORPORATION 2020 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$30,929
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$38,458
Total income from all sources (including contributions)2020-12-31$1,410,399
Total of all expenses incurred2020-12-31$91,859
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$91,859
Value of total assets at end of year2020-12-31$10,758,430
Value of total assets at beginning of year2020-12-31$9,447,419
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$15,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Liabilities. Value of operating payables at end of year2020-12-31$30,929
Liabilities. Value of operating payables at beginning of year2020-12-31$38,458
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$1,318,540
Value of net assets at end of year (total assets less liabilities)2020-12-31$10,727,501
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$9,408,961
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in master investment trust accounts at end of year2020-12-31$10,758,430
Value of interest in master investment trust accounts at beginning of year2020-12-31$9,447,419
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$91,859
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
Did the plan have assets held for investment2020-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31BUCHBINDER TUNICK & COMPANY LLP
Accountancy firm EIN2020-12-31131578842

Form 5500 Responses for REVISED PENSION PLAN FOR HOURLY RATED EMPLOYEES OF L3HARRIS CINCINNATI ELECTRONICS CORPORATION

2022: REVISED PENSION PLAN FOR HOURLY RATED EMPLOYEES OF L3HARRIS CINCINNATI ELECTRONICS CORPORATION 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan is a collectively bargained planYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: REVISED PENSION PLAN FOR HOURLY RATED EMPLOYEES OF L3HARRIS CINCINNATI ELECTRONICS CORPORATION 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan is a collectively bargained planYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: REVISED PENSION PLAN FOR HOURLY RATED EMPLOYEES OF L3HARRIS CINCINNATI ELECTRONICS CORPORATION 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan is a collectively bargained planYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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