RTX Corporation 401(k) Review & Grade
RTX Savings Plan
Farmington, CTManufacturing124,102 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$8,720Employer $ per active participant
$13,906Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$58.6BNet plan assets, end of year
$276,600Average balance per account
Score breakdown
- Employer generosity38.7 / 5077th percentile for employer $ per participant
- Low cost23.1 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 92th |
| Employee saving | 80th |
| Peers that auto-enroll | 69% |
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- RTX put in about $8,720 per active participant, more than the typical peer ($5,480). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,082,185,000 |
| Participant (employee) contributions | $1,725,789,000 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $9,889,000 |
| Investment advisory & management fees | $446,000 |
| Other admin expenses | $67,000 |
| Benefits paid out | $4,974,262,000 |
| Net assets, start / end of year | $52.7B / $58.6B |
| Active participants, start / end of year | 124,876 / 123,327 |
| Participants with account balances | 211,992 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pricewaterhousecoopers |
Largest service providers (Schedule C)
| Alight Solutions LLC | $9,376,000 reported compensation |
| State Street Bank and Trust Co | $446,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013222127NAL0000968995001, received 2025-10-13, EIN 06-0570975, plan #017, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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