Plan Snapshot
- Plan Sponsor: Raytheon Company
- Sponsor EIN: 951778500
- Sponsor Address: 4 FARM SPRINGS ROAD, FARMINGTON, CT, 06032
- Plan Type: 401(k)
- Plan Number: 558
- Total Participants: 23,349
- Total Assets: $64.1M
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 | 23,349 | $64.1M | $0 | $11.8M |
| 2023 | 24,600 | $74.7M | $0 | $10.7M |
| 2022 | 30,960 | $76.3M | $0 | $11.1M |
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 |
|---|---|---|---|---|
| METROPOLITAN LIFE INSURANCE COMPANY | Other Service Provider | $1,312,930 | — | $1,312,930 |
| PRICEWATERHOUSECOOPERS LLP | Auditor | $125,000 | — | $125,000 |
| SULLOWAY & HOLLIS, P.L.L.C. | Other Service Provider | $20,242 | — | $20,242 |
| GRANT THORNTON | Other Service Provider | $16,500 | — | $16,500 |
| HINSHAW & CULBERTSON LLP | ERISA Attorney | $6,557 | — | $6,557 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PRICEWATERHOUSECOOPERS LLP — Auditor
- HINSHAW & CULBERTSON LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,481,229
- Estimated Expense Ratio: 2.312% 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 | $1,483,629 | — | $1,315,330 | $141,500 | — |
| 2023 | $1,397,391 | — | $1,866,558 | $88,867 | — |
| 2022 | $1,543,090 | $5,778 | — | — | $92,217 |