The United Technologies Corporation Employee Savings Plan. (Savings Plan) is a great way to build savings for your future. Through the UTC Savings Plan you get: ? The convenience of automatic savings through payroll deductions. and the opportunity for tax advantages through before-tax and.
Besides, does UTC offer a pension?
Please call the UTC Pension Service Center at 1-800-243-8135 and follow the prompts for Savings and Retirement between the hours of 8:00 A.M. and 5:00 P.M. Eastern Time, excluding holidays. You will need to enable pop-ups to ensure the UTC Pension Center works correctly.
Subsequently, what is UTC 401k match?
The company matches 60% of the first 6% of employee contributions, which works out to 3.6% for eligible employees who contribute 6% or more to their retirement savings plan. In addition to matching contributions, UTC offers automatic contributions for most employees based on their age.
How much does Raytheon match on 401k?
Raytheon matches a portion of employee contributions dollar-for-dollar, up to the first 3% of eligible compensation and up to the first 4% of eligible compensation after five years of continuous employment with the company, according to Raytheon’s website. Employees are immediately 100% vested in the company match.
Does Raytheon still have a pension plan?
Raytheon provides retirement savings plans.
What happens to pensions when companies merge?
When a company establishes a pension plan, the plan itself is a legal entity. … When one company acquires another, the plan’s obligation to pay you the full amount of your vested benefits remains the same, whether the plan stays as part of the old company or becomes part of the new company.
Does Lockheed Martin have a pension plan?
New Lockheed Martin Retirement Program
Under our new retirement program, Lockheed Martin will provide more retirement savings through an enhanced defined contribution program for eligible employees.