L3harris Technologies, Inc. 401(k) Review & Grade
L3harris Retirement Savings Plan
Melbourne, FLManufacturing41,138 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$10Employer $ per active participant
$13,044Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$16.3BNet plan assets, end of year
$221,804Average balance per account
Score breakdown
- Employer generosity0.7 / 501th percentile for employer $ per participant
- Low cost22.3 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving11.2 / 1575th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 1th |
| Lower admin cost | 89th |
| Employee saving | 75th |
| Peers that auto-enroll | 69% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $127,643 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- L3harris Technologies put in about $10 per active participant, below the typical peer ($5,480). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $424,182 |
| Participant (employee) contributions | $536,583,184 |
| Other contributions (incl. rollovers in) | $74,279,339 |
| Administrative expenses paid from the plan | $3,631,281 |
| Other admin expenses | $3,631,281 |
| Benefits paid out | $1,939,409,109 |
| Net assets, start / end of year | $15.4B / $16.3B |
| Active participants, start / end of year | 40,330 / 41,945 |
| Participants with account balances | 73,549 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Weaver and Tidwell, LLP |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250910143324NAL0013496243001, received 2025-09-10, EIN 34-0276860, plan #015, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.