L3HARRIS TECHNOLOGIES, INC. has sponsored the creation of one or more 401k plans.
Additional information about L3HARRIS TECHNOLOGIES, INC.
Submission information for form 5500 for 401k plan L3HARRIS COMMUNICATION SYSTEMS - EAST PENSION PLAN FOR BARGAINING UNIT EMPLOYEES
401k plan membership statisitcs for L3HARRIS COMMUNICATION SYSTEMS - EAST PENSION PLAN FOR BARGAINING UNIT EMPLOYEES
Measure | Date | Value |
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2022: L3HARRIS COMMUNICATION SYSTEMS - EAST PENSION PLAN FOR BARGAINING UNIT EMPLOYEES 2022 401k membership |
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Market value of plan assets | 2022-12-31 | 88,281,625 |
Acturial value of plan assets | 2022-12-31 | 81,562,335 |
Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 34,831,345 |
Number of terminated vested participants | 2022-12-31 | 49 |
Fundng target for terminated vested participants | 2022-12-31 | 4,917,259 |
Active participant vested funding target | 2022-12-31 | 20,248,655 |
Number of active participants | 2022-12-31 | 79 |
Total funding liabilities for active participants | 2022-12-31 | 20,724,438 |
Total participant count | 2022-12-31 | 324 |
Total funding target for all participants | 2022-12-31 | 60,473,042 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-12-31 | 10,150,628 |
Prefunding balanced used to offset prior years funding requirement | 2022-12-31 | 745,802 |
Amount remaining of prefunding balance | 2022-12-31 | 9,404,826 |
Balance of carryovers at beginning of current year | 2022-12-31 | 0 |
Balance of prefunding at beginning of current year | 2022-12-31 | 10,705,513 |
Remaining amount of unpaid minimum required contributions | 2022-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2022-12-31 | 1,161,053 |
Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
Total participants, beginning-of-year | 2022-01-01 | 324 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 70 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 194 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 42 |
Total of all active and inactive participants | 2022-01-01 | 306 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 19 |
Total participants | 2022-01-01 | 325 |
2021: L3HARRIS COMMUNICATION SYSTEMS - EAST PENSION PLAN FOR BARGAINING UNIT EMPLOYEES 2021 401k membership |
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Market value of plan assets | 2021-12-31 | 81,005,812 |
Acturial value of plan assets | 2021-12-31 | 73,519,741 |
Funding target for retired participants and beneficiaries receiving payment | 2021-12-31 | 32,391,305 |
Number of terminated vested participants | 2021-12-31 | 55 |
Fundng target for terminated vested participants | 2021-12-31 | 5,112,400 |
Active participant vested funding target | 2021-12-31 | 24,559,191 |
Number of active participants | 2021-12-31 | 89 |
Total funding liabilities for active participants | 2021-12-31 | 25,276,628 |
Total participant count | 2021-12-31 | 333 |
Total funding target for all participants | 2021-12-31 | 62,780,333 |
Balance at beginning of prior year after applicable adjustments | 2021-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2021-12-31 | 10,155,231 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2021-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2021-12-31 | 1,375,930 |
Amount remaining of prefunding balance | 2021-12-31 | 8,779,301 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-12-31 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2021-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2021-12-31 | 0 |
Balance of carryovers at beginning of current year | 2021-12-31 | 0 |
Balance of prefunding at beginning of current year | 2021-12-31 | 10,150,628 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2021-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2021-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-12-31 | 0 |
Liquidity shortfalls end of Q1 | 2021-12-31 | 0 |
Liquidity shortfalls end of Q2 | 2021-12-31 | 0 |
Liquidity shortfalls end of Q3 | 2021-12-31 | 0 |
Liquidity shortfalls end of Q4 | 2021-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2021-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2021-12-31 | 1,334,582 |
Total funding amount beforereflecting carryover/prefunding balances | 2021-12-31 | 745,802 |
Prefunding balance elected to use to offset funding requirement | 2021-12-31 | 745,802 |
Unpaid minimum required contributions for current year | 2021-12-31 | 0 |
Unpaid minimum required contributions for all years | 2021-12-31 | 0 |
Total participants, beginning-of-year | 2021-01-01 | 333 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 79 |
Number of retired or separated participants receiving benefits | 2021-01-01 | 185 |
Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 47 |
Total of all active and inactive participants | 2021-01-01 | 311 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 13 |
Total participants | 2021-01-01 | 324 |
2020: L3HARRIS COMMUNICATION SYSTEMS - EAST PENSION PLAN FOR BARGAINING UNIT EMPLOYEES 2020 401k membership |
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Market value of plan assets | 2020-12-31 | 73,155,875 |
Acturial value of plan assets | 2020-12-31 | 69,331,662 |
Funding target for retired participants and beneficiaries receiving payment | 2020-12-31 | 29,879,920 |
Number of terminated vested participants | 2020-12-31 | 58 |
Fundng target for terminated vested participants | 2020-12-31 | 4,837,931 |
Active participant vested funding target | 2020-12-31 | 23,483,202 |
Number of active participants | 2020-12-31 | 94 |
Total funding liabilities for active participants | 2020-12-31 | 24,595,260 |
Total participant count | 2020-12-31 | 336 |
Total funding target for all participants | 2020-12-31 | 59,313,111 |
Balance at beginning of prior year after applicable adjustments | 2020-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2020-12-31 | 10,142,320 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2020-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2020-12-31 | 1,674,688 |
Amount remaining of prefunding balance | 2020-12-31 | 8,467,632 |
Present value of excess contributions | 2020-12-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-12-31 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2020-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2020-12-31 | 0 |
Balance of carryovers at beginning of current year | 2020-12-31 | 0 |
Balance of prefunding at beginning of current year | 2020-12-31 | 10,155,231 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2020-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2020-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-12-31 | 0 |
Liquidity shortfalls end of Q1 | 2020-12-31 | 0 |
Liquidity shortfalls end of Q2 | 2020-12-31 | 0 |
Liquidity shortfalls end of Q3 | 2020-12-31 | 0 |
Liquidity shortfalls end of Q4 | 2020-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2020-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2020-12-31 | 1,355,058 |
Net shortfall amortization installment of oustanding balance | 2020-12-31 | 136,680 |
Total funding amount beforereflecting carryover/prefunding balances | 2020-12-31 | 1,375,930 |
Prefunding balance elected to use to offset funding requirement | 2020-12-31 | 1,375,930 |
Unpaid minimum required contributions for current year | 2020-12-31 | 0 |
Unpaid minimum required contributions for all years | 2020-12-31 | 0 |
Total participants, beginning-of-year | 2020-01-01 | 336 |
Total number of active participants reported on line 7a of the Form 5500 | 2020-01-01 | 89 |
Number of retired or separated participants receiving benefits | 2020-01-01 | 180 |
Number of other retired or separated participants entitled to future benefits | 2020-01-01 | 54 |
Total of all active and inactive participants | 2020-01-01 | 323 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-01-01 | 10 |
Total participants | 2020-01-01 | 333 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-01-01 | 0 |
Measure | Date | Value |
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2022 : L3HARRIS COMMUNICATION SYSTEMS - EAST PENSION PLAN FOR BARGAINING UNIT EMPLOYEES 2022 401k financial data |
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Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $83,258 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $42,152 |
Total income from all sources (including contributions) | 2022-12-31 | $-14,365,828 |
Total of all expenses incurred | 2022-12-31 | $3,830,678 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $3,830,678 |
Value of total assets at end of year | 2022-12-31 | $70,044,125 |
Value of total assets at beginning of year | 2022-12-31 | $88,199,525 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $15,000,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Liabilities. Value of operating payables at end of year | 2022-12-31 | $83,258 |
Liabilities. Value of operating payables at beginning of year | 2022-12-31 | $42,152 |
Total non interest bearing cash at end of year | 2022-12-31 | $286,069 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-18,196,506 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $69,960,867 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $88,157,373 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Value of interest in master investment trust accounts at end of year | 2022-12-31 | $69,758,056 |
Value of interest in master investment trust accounts at beginning of year | 2022-12-31 | $88,199,525 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2022-12-31 | $34,848 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $3,795,830 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-12-31 | No |
Did the plan have assets held for investment | 2022-12-31 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | BUCHBINDER TUNICK & COMPANY LLP |
Accountancy firm EIN | 2022-12-31 | 131578842 |
2021 : L3HARRIS COMMUNICATION SYSTEMS - EAST PENSION PLAN FOR BARGAINING UNIT EMPLOYEES 2021 401k financial data |
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Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $42,152 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $37,347 |
Total income from all sources (including contributions) | 2021-12-31 | $10,455,282 |
Total of all expenses incurred | 2021-12-31 | $3,407,111 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $3,407,111 |
Value of total assets at end of year | 2021-12-31 | $88,199,525 |
Value of total assets at beginning of year | 2021-12-31 | $81,146,549 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $15,000,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Liabilities. Value of operating payables at end of year | 2021-12-31 | $42,152 |
Liabilities. Value of operating payables at beginning of year | 2021-12-31 | $37,347 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $7,048,171 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $88,157,373 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $81,109,202 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Value of interest in master investment trust accounts at end of year | 2021-12-31 | $88,199,525 |
Value of interest in master investment trust accounts at beginning of year | 2021-12-31 | $81,146,549 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $3,407,111 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2021-12-31 | No |
Did the plan have assets held for investment | 2021-12-31 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | BUCHBINDER TUNICK & COMPANY LLP |
Accountancy firm EIN | 2021-12-31 | 131578842 |
2020 : L3HARRIS COMMUNICATION SYSTEMS - EAST PENSION PLAN FOR BARGAINING UNIT EMPLOYEES 2020 401k financial data |
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Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $37,347 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $34,708 |
Total income from all sources (including contributions) | 2020-12-31 | $11,206,408 |
Total of all expenses incurred | 2020-12-31 | $3,218,374 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $3,218,374 |
Value of total assets at end of year | 2020-12-31 | $81,146,549 |
Value of total assets at beginning of year | 2020-12-31 | $73,155,876 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $15,000,000 |
If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Liabilities. Value of operating payables at end of year | 2020-12-31 | $37,347 |
Liabilities. Value of operating payables at beginning of year | 2020-12-31 | $34,708 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $7,988,034 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $81,109,202 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $73,121,168 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
Value of interest in master investment trust accounts at end of year | 2020-12-31 | $81,146,549 |
Value of interest in master investment trust accounts at beginning of year | 2020-12-31 | $73,155,876 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $3,218,374 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2020-12-31 | No |
Did the plan have assets held for investment | 2020-12-31 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Unqualified |
Accountancy firm name | 2020-12-31 | BUCHBINDER TUNICK & COMPANY LLP |
Accountancy firm EIN | 2020-12-31 | 131578842 |