Overview

Plan Rating

BrightScope Rating
79
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (42)
Average in Peer Group (78)
Highest in Peer Group (90)

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 79. This plan is in the top 15% of plans for Account Balances, Salary Deferral, and Total Plan Cost. Harris Corporation Retirement Plan currently has over 21,100 active participants and over $3.6B in plan assets.

Did you know?

For the average 401k participant, the 11 point difference between this plan's BrightScope Rating (79) and the top rated plan (90) could equate to:
1
Additional years of work
40,598
Lost 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.How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2014
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 1025 West Nasa Blvd Mail Stop C-41i
  • Location
    Melbourne , FL
  • 32919
  • Industry
    Manufacturing
  • Administrator
    David Watrous
  • Net Plan Assets
    $3,570,000,000
  • Total Participants
    21,000
  • Avg Account Balance
    $180,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Above Average

Performance

Participation Rate:
Above Average
Salary Deferrals:
Great
Account Balance:
Great

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Average

Performance

Participation Rate:
Average
Salary Deferrals:
Above Average
Account Balance:
Great

Peer Group Plans

Company Rating
Texas Instruments 84.2
Ingersoll-Rand Company 82.6
Parker-Hannifin 79.9
Schneider Electric Holdings 79.5
Xerox 75.7
General Dynamics 75.2
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Investments

Investment Menu Stats

# of Investment Options

30

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Total Common Stocks 18%
N/A
BlackRock, Inc. Blackrock Lifepath Index 14%
N/A
Northern Trust S&P 500 Index 9%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Recordkeeper
Fidelity
Corporate Trustee
BlackRock, Inc.
Corporate Trustee
Northern Trust
Consultant
Callan Associates
Legal Counsel
Sidley Austin LLP
Auditor
Carr, Riggs & Ingram Capital Advisors, LLC

Articles and Questions