Plan Snapshot
- Plan Sponsor: Carrier Global Corporation
- Sponsor EIN: 834051582
- Sponsor Address: 13995 PASTEUR BOULEVARD, PALM BEACH GARDENS, FL, 33418
- Plan Type: DB
- Total Participants: 1,209
- Total Assets: $214.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,209 | $214.9M | $0 | $0 |
| 2023 | 1,307 | $223.2M | $10.0M | $0 |
| 2022 | 1,437 | $197.4M | $0 | $0 |
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 |
|---|---|---|---|---|
| GRANT THORNTON LLP | Auditor | $27,000 | — | $27,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRANT THORNTON LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $27,000
- Estimated Expense Ratio: 0.013% 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 | $1,145,215 | $405,790 | — | $27,000 | — |
| 2023 | $1,667,167 | $330,452 | — | $24,500 | — |
| 2022 | $1,028,206 | $55,529 | — | — | $801,341 |