Plan Ledger DOL Form 5500 · updated monthly

Eaton Intelligent Power LimitedDC plan

THE EATON PUERTO RICO RETIREMENT SAVINGS PLAN · HOUSTON, TX · plan year 2024

Employer contribution per participant · 2024
$1,245

Eaton Intelligent Power Limited's 2024 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 $78,980,941 across 1,803 participant accounts, with employer contributions averaging $1,245 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 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 771st-largest of 5,688 plans among Texas employers on file, and the 2,264th of 13,661 in manufacturing. In 2024, employees put in $2.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$78,980,941
Participants with balances1,803
Active participants1,702
Employer contributions$2,119,368
Employee contributions$4,535,009
Employer contribution per active participant$1,245
Average account balance$43,805
Benefits paid to participants$6,275,561
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$79.0M · 1,803 accts · $2.1M emplr
2023$67.3M · 1,745 accts · $1.9M emplr
Employer contributions to the Eaton Intelligent Power Limited plan · 2024
Employer contribution per active participant$1,245
Median for plans this size$3,635
2024$1,245 per active participant
2023$1,139 per active participant

Eaton Intelligent Power Limited's 2024 employer contribution ran below the $3,635 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.

Administrative cost history2
2024Not separately reported
2023Not separately reported
Same employer
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Shawcor TX$81.1M · 0.36%
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Coreslab Holdings US, Inc. TX$79.1M · 0.14%
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Madix, Inc. TX$72.9M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 981098668 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.