Overview

Plan Rating

BrightScope Rating
82
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 (75)
Highest in Peer Group (89)

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 82, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Company Generosity, Participation Rate, Salary Deferral, and Total Plan Cost. Harris Corporation Retirement Plan currently has over 22,200 active participants and over $6.1B in plan assets.

Did you know?

For the average 401k participant, the 7 point difference between this plan's BrightScope Rating (82) and the top rated plan (89) could equate to:
6
Additional years of work
9,779
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 12/31/2015
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 1025 West Nasa Blvd Mail Stop C41i
  • Location
    Melbourne , FL
  • 32919
  • Industry
    Manufacturing
  • Administrator
    Andrea Hartman
  • Net Plan Assets
    $6,050,000,000
  • Total Participants
    22,000
  • Avg Account Balance
    $270,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Great

Performance

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

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Above Average

Performance

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

Peer Group Plans

Company Rating
Alcatel-Lucent USA 86.9
Texas Instruments 84.5
Dell 82.0
Parker-Hannifin 79.6
L-3 Communications 77.8
Ford Motor Company 62.5
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Investments

Investment Menu Stats

# of Investment Options

56

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
American Funds (Capital Group) Target Date Retirement 19%
3%
Total Common Stocks 10%
N/A
Total Interest Bearing Cash 8%
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
Corporate Trustee
BlackRock, Inc.
Recordkeeper
Fidelity
Corporate Trustee
Northern Trust
Investment Adviser
Brown Advisory
Consultant
Callan Associates
Investment Adviser
Strategic Advisors
Consultant
Fidelity
Legal Counsel
Sidley Austin LLP
Auditor
Carr, Riggs & Ingram Capital Advisors, LLC