Defined Benefit (Pension)
2022 plan-year Defined Benefit (Pension) DOL Form 5500

PENSION PLAN FOR EATON EMPLOYEES IN PUERTO RICO

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

CUTLER-HAMMER ELECTRICAL COMPANY

This Defined Benefit (Pension) plan holds $87M in total assets and serves 1,318 participants as of 2022. It is sponsored by CUTLER-HAMMER ELECTRICAL COMPANY in Puerto Rico. The plan reported a net loss of $25M for the year.

Total Assets (2023)
$87M
Participants
1,318
State
Industry
Manufacturing

What the Filing Says About PENSION PLAN FOR EATON EMPLOYEES IN PUERTO RICO

PENSION PLAN FOR EATON EMPLOYEES IN PUERTO RICO is a Defined Benefit (Pension) retirement plan sponsored by CUTLER-HAMMER ELECTRICAL COMPANY, headquartered in Puerto Rico. As of the 2022 Form 5500 filing, the plan reports $87M in total end-of-year assets and covers 1,318 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 980474648, and the plan has been effective since 2010-12-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $112M at the beginning of 2022 to $87M at year-end — a decline of 22.5%. Net assets (after liabilities) closed the year at $87M, with reported net income of $-25,335,500 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$112M
Total Assets (End of Year)$87M
Net Assets (End of Year)$87M
Net Income$-25,335,500
Plan TypeDefined Benefit (Pension)
Employer EIN980474648
Plan Effective Date2010-12-01
Filing StatusFILING RECEIVED

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Frequently Asked Questions

How much money is in the PENSION PLAN FOR EATON EMPLOYEES IN PUERTO RICO?
As of the 2022 Form 5500 filing, PENSION PLAN FOR EATON EMPLOYEES IN PUERTO RICO holds $87M in total assets with 1,318 participants. It is sponsored by CUTLER-HAMMER ELECTRICAL COMPANY.
What type of plan is PENSION PLAN FOR EATON EMPLOYEES IN PUERTO RICO?
PENSION PLAN FOR EATON EMPLOYEES IN PUERTO RICO is a Defined Benefit (Pension) plan. It has been effective since 2010-12-01. The plan is filed with the U.S. Department of Labor under EIN 980474648.
Who sponsors the PENSION PLAN FOR EATON EMPLOYEES IN PUERTO RICO?
PENSION PLAN FOR EATON EMPLOYEES IN PUERTO RICO is sponsored by CUTLER-HAMMER ELECTRICAL COMPANY, located in Puerto Rico. The sponsor's EIN is 980474648 and the plan operates in the Manufacturing industry.
How did PENSION PLAN FOR EATON EMPLOYEES IN PUERTO RICO perform in 2022?
PENSION PLAN FOR EATON EMPLOYEES IN PUERTO RICO declined by 22.5% during 2022, moving from $112M to $87M in total assets. Net income was $-25,335,500.
Where can I find official filings for PENSION PLAN FOR EATON EMPLOYEES IN PUERTO RICO?
Official Form 5500 filings for PENSION PLAN FOR EATON EMPLOYEES IN PUERTO RICO are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 980474648 or plan name at efast.dol.gov.
How does PENSION PLAN FOR EATON EMPLOYEES IN PUERTO RICO compare to other plans?
You can compare PENSION PLAN FOR EATON EMPLOYEES IN PUERTO RICO against other Defined Benefit (Pension) plans on the plan type page, or view plans in Puerto Rico on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

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Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 980474648.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.