BrightScope Rating
Company:
Harris Corporation
Plan:
Harris Corporation Retirement Plan
Harris Corporation
75
Plan:
Harris Corporation Retirement Plan
7
60
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 15 point difference between this plan's BrightScope Rating (75) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
11 additional years of work Up to $296,400 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan
and do not take into account other retirement plans and programs offered by this employer.
Plan Description
Harris Corporation Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 75, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Company Generosity, Salary Deferrals, Total Plan Cost, and Account Balances. Harris Corporation Retirement Plan currently has over 13,900 active participants and over $2.5B in plan assets.
Plan Details
| Address | 1025 W. Nasa Blvd., M/S A11-N Melbourne, FL 32919 |
| Industry | Communications Equipment Mfg |
| Administrator | Charles J. Greene |
| Net Plan Assets | $2,600,000,000 |
| Total Participants | 21,000 |
| Avg Account Balance | $120,000 |
Top 3 Investment Holdings
| 1. | Galliard Stable Value Fund | 31% |
| 2. | T. Rowe Price Equity Income | 8% |
| 3. | Northern Trust Russell 1000 Equity Index | 8% |
Other Companies in Peer Group
| Nucor | 84.3 |
| General Dynamics | 78.3 |
| Unisys | 77.8 |
| Kimberly-Clark | 74.5 |
| Apple | 70.3 |
| Alliant Techsystems | 68.9 |
Plan Service Providers
| Insurance Carrier | Ing Usa Annuity & Life Insurance Company |
| Auditor | Ernst & Young |
| Consultant | Fidelity Inv Inst Ops Co |
| Corporate Trustee | Northern Trust |
| Consultant | Cra Rogers Casey |
| Legal Counsel | Sidley Austin LLP |
| Legal Counsel | Akerman Senterfitt |
| Consultant | Callan Associates Inc |
| Investment Adviser | Bank of New York |
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