Employer · plans filed under one EIN
Carrier Global Corporation
Palm Beach Gardens, FL · Manufacturing
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
2 retirement plans with 100 or more participants file Form 5500 under Carrier Global Corporation's employer identification number (Palm Beach Gardens, Florida). Their latest filings total 15,557 participant records and $1.21B in net assets.
The largest is Carrier Retirement Savings Plan, a 401(k) plan with 13,622 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $92.0M and participant contributions $112M in the latest plan years; benefits paid were $137M. Schedule C compensation reported to service provider organisations totalled $2.5M.
Combined net assets moved from $478M in 2020 to $1.21B in 2024 (up 154%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Carrier Retirement Savings Plan | 401(k) plan | 2024 | 13,622 | $998M | $73,239 | $8,988 | $1.6M |
| Carrier Represented Employee Pension Plan | defined benefit pension plan | 2024 | 1,935 | $215M | $110,988 | — | $941K |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 2 | 15,557 | $1.21B | $92.0M | $112M |
| 2023 | 2 | 16,371 | $1.01B | $95.7M | $111M |
| 2022 | 2 | 16,065 | $725M | $81.5M | $104M |
| 2021 | 2 | 14,883 | $728M | $76.6M | $97.4M |
| 2020 | 2 | 14,002 | $478M | $48.6M | $57.6M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Alight Solutions LLC | Recordkeeping and information management; Securities brokerage; Consulting (pension) | 2 | $728,841 |
| Willis Towers Watson US LLC | Actuarial | 1 | $413,714 |
| Conduent HR Services | Recordkeeping and information management | 1 | $348,343 |
| State Street Global Advisors | Custodial (other than securities); Custodial (securities) | 2 | $277,794 |
| State Street Bank and Trust Company | Custodial (securities); Investment management | 1 | $182,317 |
| Morningstar Investment Mngmnt, LLC | Investment management | 1 | $141,460 |
| Willis Towers Watson | Consulting (general); Investment advisory (plan) | 1 | $124,495 |
| AllianceBernstein L.P. | Investment management; Other services | 1 | $77,000 |
| Conduent Human Resource Servcs, LLC | Consulting (general) | 1 | $70,686 |
| The Bank of New York Mellon | Custodial (other than securities) | 1 | $62,495 |
| Grant Thornton, LLP | Accounting (including auditing) | 2 | $54,000 |
| BlackRock Institutional Trust Comp | Trustee (bank, trust company, or similar financial institution); Trustee (discretionary); Investment management | 1 | $34,380 |
| Pershing LLC | — | 1 | $12,985 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Carrier Global Corporation have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Carrier Retirement Savings Plan and Carrier Represented Employee Pension Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Carrier Global Corporation contribute to its plans?
$91,976,477 in employer contributions across these plans in their latest plan years, about $8,038 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Alight Solutions LLC, Willis Towers Watson US LLC, Conduent HR Services and State Street Global Advisors and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.