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L3HARRIS SPACE & NAVIGATION PENSION PLAN FOR HOURLY EMPLOYEES 401k Plan overview

Plan NameL3HARRIS SPACE & NAVIGATION PENSION PLAN FOR HOURLY EMPLOYEES
Plan identification number 035

L3HARRIS SPACE & NAVIGATION PENSION PLAN FOR HOURLY EMPLOYEES Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
  • 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 L3HARRIS SPACE & NAVIGATION PENSION PLAN FOR HOURLY EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0352021-01-01ANDREA HARTMAN2022-10-07 ANDREA HARTMAN2022-10-07
0352020-01-01ANDREA HARTMAN2021-10-06 ANDREA HARTMAN2021-10-06

Plan Statistics for L3HARRIS SPACE & NAVIGATION PENSION PLAN FOR HOURLY EMPLOYEES

401k plan membership statisitcs for L3HARRIS SPACE & NAVIGATION PENSION PLAN FOR HOURLY EMPLOYEES

Measure Date Value
2021: L3HARRIS SPACE & NAVIGATION PENSION PLAN FOR HOURLY EMPLOYEES 2021 401k membership
Market value of plan assets2021-12-3110,452,745
Acturial value of plan assets2021-12-319,457,612
Funding target for retired participants and beneficiaries receiving payment2021-12-315,142,320
Number of terminated vested participants2021-12-3120
Fundng target for terminated vested participants2021-12-311,339,122
Active participant vested funding target2021-12-311,472,259
Number of active participants2021-12-3111
Total funding liabilities for active participants2021-12-311,645,672
Total participant count2021-12-3172
Total funding target for all participants2021-12-318,127,114
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-311,247,382
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-31118,472
Amount remaining of prefunding balance2021-12-311,128,910
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 year2021-12-310
Balance of prefunding at beginning of current year2021-12-311,306,036
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
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31111,632
Net shortfall amortization installment of oustanding balance2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3187,170
Prefunding balance elected to use to offset funding requirement2021-12-3187,170
Unpaid minimum required contributions for current year2021-12-310
Total participants, beginning-of-year2021-01-0172
Total number of active participants reported on line 7a of the Form 55002021-01-0110
Number of retired or separated participants receiving benefits2021-01-0138
Number of other retired or separated participants entitled to future benefits2021-01-0120
Total of all active and inactive participants2021-01-0168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-014
Total participants2021-01-0172
2020: L3HARRIS SPACE & NAVIGATION PENSION PLAN FOR HOURLY EMPLOYEES 2020 401k membership
Market value of plan assets2020-12-319,576,976
Acturial value of plan assets2020-12-319,059,149
Funding target for retired participants and beneficiaries receiving payment2020-12-314,997,699
Number of terminated vested participants2020-12-3120
Fundng target for terminated vested participants2020-12-311,193,928
Active participant vested funding target2020-12-311,475,052
Number of active participants2020-12-3112
Total funding liabilities for active participants2020-12-311,630,940
Total participant count2020-12-3172
Total funding target for all participants2020-12-317,822,567
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-311,214,775
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-31179,603
Amount remaining of prefunding balance2020-12-311,035,172
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 year2020-12-310
Balance of prefunding at beginning of current year2020-12-311,247,382
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-310
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31106,636
Net shortfall amortization installment of oustanding balance2020-12-3110,800
Total funding amount beforereflecting carryover/prefunding balances2020-12-31118,472
Prefunding balance elected to use to offset funding requirement2020-12-31118,472
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-0172
Total number of active participants reported on line 7a of the Form 55002020-01-0111
Number of retired or separated participants receiving benefits2020-01-0137
Number of other retired or separated participants entitled to future benefits2020-01-0120
Total of all active and inactive participants2020-01-0168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-014
Total participants2020-01-0172
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on L3HARRIS SPACE & NAVIGATION PENSION PLAN FOR HOURLY EMPLOYEES

Measure Date Value
2021 : L3HARRIS SPACE & NAVIGATION PENSION PLAN FOR HOURLY EMPLOYEES 2021 401k financial data
Total income from all sources2021-12-31$1,306,468
Expenses. Total of all expenses incurred2021-12-31$493,683
Benefits paid (including direct rollovers)2021-12-31$493,683
Total plan assets at end of year2021-12-31$11,283,691
Total plan assets at beginning of year2021-12-31$10,470,906
Value of fidelity bond covering the plan2021-12-31$15,000,000
Other income received2021-12-31$1,306,468
Net income (gross income less expenses)2021-12-31$812,785
Net plan assets at end of year (total assets less liabilities)2021-12-31$11,283,691
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$10,470,906
2020 : L3HARRIS SPACE & NAVIGATION PENSION PLAN FOR HOURLY EMPLOYEES 2020 401k financial data
Total income from all sources2020-12-31$1,381,486
Expenses. Total of all expenses incurred2020-12-31$487,556
Benefits paid (including direct rollovers)2020-12-31$487,556
Total plan assets at end of year2020-12-31$10,470,906
Total plan assets at beginning of year2020-12-31$9,576,976
Value of fidelity bond covering the plan2020-12-31$15,000,000
Other income received2020-12-31$1,381,486
Net income (gross income less expenses)2020-12-31$893,930
Net plan assets at end of year (total assets less liabilities)2020-12-31$10,470,906
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$9,576,976
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0

Form 5500 Responses for L3HARRIS SPACE & NAVIGATION PENSION PLAN FOR HOURLY EMPLOYEES

2021: L3HARRIS SPACE & NAVIGATION PENSION PLAN FOR HOURLY EMPLOYEES 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: L3HARRIS SPACE & NAVIGATION PENSION PLAN FOR HOURLY EMPLOYEES 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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