401k Plan data: EXELIS IS RETIREMENT SAVINGS PLAN plan

EXELIS IS RETIREMENT SAVINGS PLAN 401k Plan overview

Plan Name	EXELIS IS RETIREMENT SAVINGS PLAN
Plan identification number	013

EXELIS IS RETIREMENT SAVINGS PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

EXELIS INC. has sponsored the creation of one or more 401k plans.

Company Name: EXELIS INC.

Employer identification number (EIN): 452083813

NAIC Classification: 333200

Additional information about EXELIS INC.

Jurisdiction of Incorporation: Virginia Secretary of State

Incorporation Date: 2011-09-15

Company Identification Number: F187374

Legal Registered Office Address: 100 SHOCKOE SLIP
2ND FLOOR
RICHMOND
United States of America (USA)
23219

More information about EXELIS INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EXELIS IS RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
013 2014-03-01 DAVID WATROUS
013 2012-01-01 FRANK PELOSO
013 2011-01-01 FRANK PELOSO

Plan id#	Filing Submission Date	Name of Administrator
013	2014-03-01	DAVID WATROUS
013	2012-01-01	FRANK PELOSO
013	2011-01-01	FRANK PELOSO

Plan Statistics for EXELIS IS RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for EXELIS IS RETIREMENT SAVINGS PLAN

Measure Date Value
2014: EXELIS IS RETIREMENT SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year 2014-03-01 1,339
Total number of active participants reported on line 7a of the Form 5500 2014-03-01 0
Number of retired or separated participants receiving benefits 2014-03-01 0
Number of other retired or separated participants entitled to future benefits 2014-03-01 0
Total of all active and inactive participants 2014-03-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-03-01 0
Total participants 2014-03-01 0
Number of participants with account balances 2014-03-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-03-01 0
2012: EXELIS IS RETIREMENT SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 3,293
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 2,623
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 633
Total of all active and inactive participants 2012-01-01 3,256
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 3,256
Number of participants with account balances 2012-01-01 3,256
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 2
2011: EXELIS IS RETIREMENT SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 3,122
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 2,668
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 625
Total of all active and inactive participants 2011-01-01 3,293
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 3,293
Number of participants with account balances 2011-01-01 3,293
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 12

Measure	Date	Value
2014: EXELIS IS RETIREMENT SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year	2014-03-01	1,339
Total number of active participants reported on line 7a of the Form 5500	2014-03-01	0
Number of retired or separated participants receiving benefits	2014-03-01	0
Number of other retired or separated participants entitled to future benefits	2014-03-01	0
Total of all active and inactive participants	2014-03-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-03-01	0
Total participants	2014-03-01	0
Number of participants with account balances	2014-03-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-03-01	0
2012: EXELIS IS RETIREMENT SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	3,293
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	2,623
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	633
Total of all active and inactive participants	2012-01-01	3,256
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	3,256
Number of participants with account balances	2012-01-01	3,256
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	2
2011: EXELIS IS RETIREMENT SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	3,122
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	2,668
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	625
Total of all active and inactive participants	2011-01-01	3,293
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	3,293
Number of participants with account balances	2011-01-01	3,293
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	12

Financial Data on EXELIS IS RETIREMENT SAVINGS PLAN

Measure	Date	Value
2014 : EXELIS IS RETIREMENT SAVINGS PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets	2014-12-31	$0
Total transfer of assets to this plan	2014-12-31	$86,253,942
Total transfer of assets from this plan	2014-12-31	$89,072,396
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$89,072,396
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total income from all sources (including contributions)	2014-12-31	$14,628,551
Total loss/gain on sale of assets	2014-12-31	$0
Total of all expenses incurred	2014-12-31	$11,810,097
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$11,799,372
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$8,294,563
Value of total assets at end of year	2014-12-31	$89,072,396
Value of total assets at beginning of year	2014-12-31	$0
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$10,725
Total interest from all sources	2014-12-31	$506,758
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$15,000,000
If this is an individual account plan, was there a blackout period	2014-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$4,924,840
Participant contributions at end of year	2014-12-31	$2,467,733
Participant contributions at beginning of year	2014-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$171,218
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2014-12-31	$89,072,396
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2014-12-31	$0
Administrative expenses (other) incurred	2014-12-31	$10,725
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$2,818,454
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$0
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2014-12-31	$4,108,731
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-12-31	$0
Value of interest in pooled separate accounts at end of year	2014-12-31	$62,188,498
Value of interest in pooled separate accounts at beginning of year	2014-12-31	$0
Interest on participant loans	2014-12-31	$89,417
Interest earned on other investments	2014-12-31	$417,341
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2014-12-31	$20,307,434
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2014-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-12-31	$612,081
Net investment gain/loss from pooled separate accounts	2014-12-31	$5,215,149
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Contributions received in cash from employer	2014-12-31	$3,198,505
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$11,799,372
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	2014-12-31	Yes
Did the plan have assets held for investment	2014-12-31	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	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	BUCHBINDER TUNICK & COMPANY LLP
Accountancy firm EIN	2014-12-31	131578842
2012 : EXELIS IS RETIREMENT SAVINGS PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets	2012-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total income from all sources (including contributions)	2012-12-31	$28,353,993
Total loss/gain on sale of assets	2012-12-31	$0
Total of all expenses incurred	2012-12-31	$13,161,623
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$13,079,321
Expenses. Certain deemed distributions of participant loans	2012-12-31	$29,903
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$19,019,450
Value of total assets at end of year	2012-12-31	$111,049,017
Value of total assets at beginning of year	2012-12-31	$95,856,647
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$52,399
Total interest from all sources	2012-12-31	$1,000,533
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$36,075
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2012-12-31	$36,075
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$15,000,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Contributions received from participants	2012-12-31	$10,695,190
Participant contributions at end of year	2012-12-31	$3,503,355
Participant contributions at beginning of year	2012-12-31	$3,761,237
Participant contributions at end of year	2012-12-31	$107,437
Participant contributions at beginning of year	2012-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2012-12-31	$935,636
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$15,192,370
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$111,049,017
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$95,856,647
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-12-31	$6,069,897
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-12-31	$0
Value of interest in pooled separate accounts at end of year	2012-12-31	$62,802,511
Value of interest in pooled separate accounts at beginning of year	2012-12-31	$54,217,340
Interest on participant loans	2012-12-31	$156,290
Interest earned on other investments	2012-12-31	$844,243
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2012-12-31	$38,257,307
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2012-12-31	$37,878,070
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2012-12-31	$233,568
Net investment gain/loss from pooled separate accounts	2012-12-31	$8,064,367
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Contributions received in cash from employer	2012-12-31	$7,388,624
Employer contributions (assets) at end of year	2012-12-31	$308,510
Employer contributions (assets) at beginning of year	2012-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$13,079,321
Contract administrator fees	2012-12-31	$52,399
Did the plan have assets held for investment	2012-12-31	Yes
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	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2012-12-31	Disclaimer
Accountancy firm name	2012-12-31	DELOITTE & TOUCHE LLP
Accountancy firm EIN	2012-12-31	133891517
2011 : EXELIS IS RETIREMENT SAVINGS PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total income from all sources (including contributions)	2011-12-31	$17,492,956
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$7,991,024
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$7,979,969
Expenses. Certain deemed distributions of participant loans	2011-12-31	$-5,780
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$17,382,190
Value of total assets at end of year	2011-12-31	$95,856,647
Value of total assets at beginning of year	2011-12-31	$86,354,715
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$16,835
Total interest from all sources	2011-12-31	$1,072,250
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$15,000,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$9,555,179
Participant contributions at end of year	2011-12-31	$3,761,237
Participant contributions at beginning of year	2011-12-31	$3,189,542
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$964,768
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$9,501,932
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$95,856,647
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$86,354,715
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in pooled separate accounts at end of year	2011-12-31	$54,217,340
Value of interest in pooled separate accounts at beginning of year	2011-12-31	$49,692,541
Interest on participant loans	2011-12-31	$160,897
Interest earned on other investments	2011-12-31	$911,353
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2011-12-31	$37,878,070
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2011-12-31	$33,171,389
Net investment gain/loss from pooled separate accounts	2011-12-31	$-961,484
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$6,862,243
Employer contributions (assets) at end of year	2011-12-31	$0
Employer contributions (assets) at beginning of year	2011-12-31	$301,243
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$7,979,969
Contract administrator fees	2011-12-31	$16,835
Did the plan have assets held for investment	2011-12-31	Yes
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	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	DELOITTE & TOUCHE LLP
Accountancy firm EIN	2011-12-31	133891517

Form 5500 Responses for EXELIS IS RETIREMENT SAVINGS PLAN

2014: EXELIS IS RETIREMENT SAVINGS PLAN 2014 form 5500 responses
2014-03-01	Type of plan entity	Single employer plan
2014-03-01	First time form 5500 has been submitted	Yes
2014-03-01	Submission has been amended	No
2014-03-01	This submission is the final filing	Yes
2014-03-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2014-03-01	Plan is a collectively bargained plan	No
2014-03-01	Plan funding arrangement – Insurance	Yes
2014-03-01	Plan funding arrangement – Trust	Yes
2014-03-01	Plan benefit arrangement – Insurance	Yes
2014-03-01	Plan benefit arrangement - Trust	Yes
2012: EXELIS IS RETIREMENT SAVINGS PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: EXELIS IS RETIREMENT SAVINGS PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	EXELIS INC.
Employer identification number (EIN):	452083813
NAIC Classification:	333200

Jurisdiction of Incorporation:	Virginia Secretary of State
Incorporation Date:	2011-09-15
Company Identification Number:	F187374
Legal Registered Office Address:	100 SHOCKOE SLIP 2ND FLOOR RICHMOND United States of America (USA) 23219