RTX 401(k) match, vesting and fees
What RTX's 401(k) plan says about matching contributions
Generally, RTX matches 100% of the first 3%, and 33.3% thereafter, up to 6%, of eligible compensation that a participant contributes each pay period. Company matching contributions are funded by stock and/or made in cash. For employees whose matching contributions are funded by stock, opportunities exist to diversify the stock holdings into the Plan's other investment options to reduce unintended concentration of participants' balances in Company stock. Company matching contributions funded by stock from the leveraged ESOP were transferred to the Plan's other investment options based on the investment allocation elected by each participant (and subject to vesting requirements), unless elected by the participant for these contributions to remain in the ESOP Fund. Company matching contributions funded by stock from the non-leveraged ESOP are invested in the RTX Stock Fund and, at the participant's election, can be diversified once per calendar quarter in accordance with the participant's investment elections (regardless of vesting status). See Note 7 for additional information about the leveraged and non-leveraged ESOPs. Company matching contributions, plus actual earnings and dividends thereon, generally become fully vested after two years of continuous service. Participants should refer to the Plan documents for a complete description of the Plan's matching provisions, which can vary by participant location.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 28 ↗ |
| Match vesting | Company matching contributions funded by stock from the leveraged ESOP were transferred to the Plan's other investment options based on the investment allocation elected by each participant (and subject to vesting requirements), unless elected by the participant for these contributions to remain in the ESOP Fund. Company matching contributions funded by stock from the non-leveraged ESOP are invested in the RTX Stock Fund and, at the participant's election, can be diversified once per calendar quarter in accordance with the participant's investment elections (regardless of vesting status). See Note 7 for additional information about the leveraged and non-leveraged ESOPs. Company matching contributions, plus actual earnings and dividends thereon, generally become fully vested after two years of continuous service. Company retirement contributions are generally subject to the same terms and conditions applicable to Company matching contributions, provided, however, that the Company retirement contributions shall not be available for loans or hardship distributions. | Audit report, p. 28 ↗ |
| Automatic enrollment | Certain new participants in the Plan are automatically enrolled at a pre-tax deferral rate of 6% of eligible compensation, per the provisions of the Plan. Generally, the contribution rate automatically increases by 1% each year thereafter until it reaches 10%. For certain employees, automatic enrollment and automatic contribution rate increases vary based on the provisions of the Plan document. Participants may opt out of automatic enrollment at any time. Participants may opt in or out of automatic contribution rate increases at any time. | Audit report, p. 28 ↗ |
| Roth contributions | Participants may elect to make their contributions on a pre-tax, traditional after-tax, and/or Roth 401(k) basis. | Audit report, p. 28 ↗ |
| Loans | Under the terms of the Plan, certain participants are allowed to borrow up to the lesser of 50 percent of their vested account balance (excluding company retirement contributions) or $50,000, less the participant's highest outstanding loan balance over the previous 12 months. Minimum loan amounts start at $1,000, and participants must generally repay their loan within one to five years, except if the loan is used to acquire the participant's primary residence. Participants may have two loans outstanding at a time. Loans are secured by the balance in the participant's account, and bear interest at the prime rate published in the Wall Street Journal plus 1%. Interest rates generally remain fixed for the term of the loan. At both December 31, 2024 and 2023, the interest rates on the outstanding loans ranged from approximately 3.24% to 10.5%. | Audit report, p. 29 ↗ |
| Recordkeeper | Alight Solutions LLC | Schedule C ↗ |
| Independent auditor | Pricewaterhousecoopers (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 28 defined-contribution plans in manufacturing with 50,000 or more participants.
| RTX: employer contribution per participant | $5,105 | |
| Peer median | $4,356 |
| RTX: average balance | $276,600 | |
| Peer median | $263,591 |
| RTX: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.01% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $52.7B at the end of plan year 2023 to $58.6B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 214,241 | $58.6B | $1.1B | $5,105 | 0.02% | Quoted in the audit report, p. 28 ↗ | Form 5500 ↗ |
| 2023 | 216,938 | $52.7B | $987M | $4,598 | 0.02% | Not published | Form 5500 ↗ |
Other RTX plans (3)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Rtx Puerto Rico Savings Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Pricewaterhousecoopers (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Rtx Consolidated Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Pricewaterhousecoopers (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
Sundstrand de Puerto Rico Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Willis Towers Watson | Schedule C ↗ |
| Independent auditor | Pricewaterhousecoopers (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does RTX match 401(k) contributions?
The audit report attached to the Rtx Savings Plan's plan year 2024 Form 5500, page 28 says: “Generally, RTX matches 100% of the first 3%, and 33.3% thereafter, up to 6%, of eligible compensation that a participant contributes each pay period. Company matching contributions are funded by stock and/or made in cash. For employees whose matching contributions are funded by stock, opportunities exist to diversify the stock holdings into the Plan's other investment options to reduce unintended concentration of participants' balances in Company stock. Company matching contributions funded by stock from the leveraged ESOP were transferred to the Plan's other investment options based on the investment allocation elected by each participant (and subject to vesting requirements), unless elected by the participant for these contributions to remain in the ESOP Fund. Company matching contributions funded by stock from the non-leveraged ESOP are invested in the RTX Stock Fund and, at the participant's election, can be diversified once per calendar quarter in accordance with the participant's investment elections (regardless of vesting status). See Note 7 for additional information about the leveraged and non-leveraged ESOPs. Company matching contributions, plus actual earnings and dividends thereon, generally become fully vested after two years of continuous service. Participants should refer to the Plan documents for a complete description of the Plan's matching provisions, which can vary by participant location.” Plan terms may have changed; check your current Summary Plan Description.
When is the RTX 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 28 says: “Company matching contributions funded by stock from the leveraged ESOP were transferred to the Plan's other investment options based on the investment allocation elected by each participant (and subject to vesting requirements), unless elected by the participant for these contributions to remain in the ESOP Fund. Company matching contributions funded by stock from the non-leveraged ESOP are invested in the RTX Stock Fund and, at the participant's election, can be diversified once per calendar quarter in accordance with the participant's investment elections (regardless of vesting status). See Note 7 for additional information about the leveraged and non-leveraged ESOPs. Company matching contributions, plus actual earnings and dividends thereon, generally become fully vested after two years of continuous service. Company retirement contributions are generally subject to the same terms and conditions applicable to Company matching contributions, provided, however, that the Company retirement contributions shall not be available for loans or hardship distributions.”
Who manages the RTX 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Alight Solutions LLC. The plan administrator is Rtx Corporation.
I left RTX. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Rtx Corporation, (781) 522-3000) or the recordkeeper, Alight Solutions LLC. The RTX old 401(k) page lists the contacts from every plan filing. Find an old RTX 401(k)
Data from the public Form 5500 annual reports RTX filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with RTX. Not financial advice. Report a correction · Methodology