Plan Snapshot
- Plan Sponsor: Raytheon Company
- Sponsor EIN: 951778500
- Sponsor Address: 4 FARM SPRINGS ROAD, FARMINGTON, CT, 06032
- Plan Type: Health & Welfare
- Plan Number: 565
- Total Participants: 0
- Total Assets: $225.4M
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 | 0 | $225.4M | $30.6M | $43.2M |
| 2023 | 0 | $207.6M | $29.1M | $43.5M |
| 2022 | 0 | $182.9M | $28.0M | $42.7M |
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 | Recordkeeper | $1,452,137 | — | $1,452,137 |
| WILLIS TOWERS WATSON | Other Service Provider | $101,050 | — | $101,050 |
| PRICEWATERHOUSECOOPERS LLP | Auditor | $74,986 | — | $74,986 |
| BNY | Other Service Provider | $62,638 | — | $62,638 |
| CONDUENT HR CONSULTING, LLC | Other Service Provider | $55,798 | — | $55,798 |
| HEALTH ADVOCATE | Other Service Provider | $52,664 | — | $52,664 |
| GRANT THORNTON | Other Service Provider | $9,266 | — | $9,266 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS — Recordkeeper
- PRICEWATERHOUSECOOPERS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,808,539
- Estimated Expense Ratio: 0.802% 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 | $1,892,166 | — | $1,560,599 | $84,252 | — |
| 2023 | $2,055,707 | — | $55,595 | $133,406 | — |
| 2022 | $2,663,053 | — | $6,000 | — | $2,502,109 |