Plan Ledger DOL Form 5500 · updated monthly

Cutler-Hammer Electrical CoDC plan

THE EATON PUERTO RICO RETIREMENT SAVINGS PLAN · LAS PIEDRAS, PR · plan year 2022

Employer contribution per participant · 2022
$1,069

Cutler-Hammer Electrical Co's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $54,286,487 across 1,646 participant accounts, with employer contributions averaging $1,069 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other manufacturing employers. By assets it is the 31st-largest of 323 plans among PR employers on file, and the 2,968th of 13,661 in manufacturing. In 2022, employees put in $2.29 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$54,286,487
Participants with balances1,646
Active participants1,575
Employer contributions$1,683,243
Employee contributions$3,855,840
Employer contribution per active participant$1,069
Average account balance$32,981
Benefits paid to participants$10,322,341
Plan auditUnmodified (clean) audit opinion
Employer contributions to the Cutler-Hammer Electrical Co plan · 2022
Employer contribution per active participant$1,069
Median for plans this size$3,449

Cutler-Hammer Electrical Co's 2022 employer contribution ran below the $3,449 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Similar plansManufacturing · PR
Stryker Puerto Rico, LLC PR$77.9M · 0.05%
CC1 Limited Partnership PR$60.7M · 0.22%
Caribbean Refrescos, Inc. PR$53.5M · 0.01%
Teva Pr LLC PR$34.4M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 980474648 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.