Plan Snapshot
- Plan Sponsor: Carrier Global Corporation
- Sponsor EIN: 834051582
- Sponsor Address: 13995 PASTEUR BLVD, PALM BEACH GARDENS, FL, 33418
- Plan Type: 401(k)
- Total Participants: 10,233
- Total Assets: $998.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 10,233 | $998.1M | $92.0M | $112.4M |
| 2023 | 12,184 | $791.0M | $85.7M | $111.4M |
| 2022 | 12,104 | $527.6M | $81.5M | $104.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ALIGHT SOLUTIONS LLC | Recordkeeper | $689,439 | — | $689,439 |
| STATE STREET GLOBAL ADVISORS | Other Service Provider | $252,797 | — | $252,797 |
| STATE STREET BANK AND TRUST COMPANY | Other Service Provider | $182,317 | — | $182,317 |
| MORNINGSTAR INVESTMENT MNGMNT, LLC | Recordkeeper | $141,460 | — | $141,460 |
| WILLIS TOWERS WATSON | Other Service Provider | $124,495 | — | $124,495 |
| ALLIANCEBERNSTEIN L.P. | Other Service Provider | $77,000 | — | $77,000 |
| CONDUENT HUMAN RESOURCE SERVCS, LLC | Other Service Provider | $70,686 | — | $70,686 |
| GRANT THORNTON, LLP | Auditor | $27,000 | — | $27,000 |
| PERSHING LLC | Investment Advisor | — | $12,985 | $12,985 |
| ALIGHT FINANCIAL SOLUTIONS, LLC | Recordkeeper | — | $9,728 | $9,728 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS LLC — Recordkeeper
- MORNINGSTAR INVESTMENT MNGMNT, LLC — Recordkeeper
- GRANT THORNTON, LLP — Auditor
- PERSHING LLC — Investment Advisor
- ALIGHT FINANCIAL SOLUTIONS, LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,587,907
- Estimated Expense Ratio: 0.159% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,565,194 | $595,752 | $70,686 | $27,000 | — |
| 2023 | $1,496,672 | $547,786 | $70,398 | $24,500 | — |
| 2022 | $1,436,373 | $574,838 | $619,959 | — | $205,115 |