Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

THE EATON PUERTO RICO RETIREMENT SAVINGS PLAN

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

CUTLER-HAMMER ELECTRICAL CO

This Profit Sharing plan holds $54M in total assets and serves 1,415 participants as of 2022. It is sponsored by CUTLER-HAMMER ELECTRICAL CO in Puerto Rico. The plan reported a net loss of $8M for the year.

Total Assets (2023)
$54M
Participants
1,415
State
Industry
Manufacturing

What the Filing Says About THE EATON PUERTO RICO RETIREMENT SAVINGS PLAN

THE EATON PUERTO RICO RETIREMENT SAVINGS PLAN is a Profit Sharing retirement plan sponsored by CUTLER-HAMMER ELECTRICAL CO, headquartered in Puerto Rico. As of the 2022 Form 5500 filing, the plan reports $54M in total end-of-year assets and covers 1,415 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 2010-12-31. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $62M at the beginning of 2022 to $54M at year-end — a decline of 12.8%. Net assets (after liabilities) closed the year at $54M, with reported net income of $-8,000,595 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)$62M
Total Assets (End of Year)$54M
Net Assets (End of Year)$54M
Net Income$-8,000,595
Plan TypeProfit Sharing
Employer EIN980474648
Plan Effective Date2010-12-31
Filing StatusFILING RECEIVED

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Frequently Asked Questions

How much money is in the THE EATON PUERTO RICO RETIREMENT SAVINGS PLAN?
As of the 2022 Form 5500 filing, THE EATON PUERTO RICO RETIREMENT SAVINGS PLAN holds $54M in total assets with 1,415 participants. It is sponsored by CUTLER-HAMMER ELECTRICAL CO.
What type of plan is THE EATON PUERTO RICO RETIREMENT SAVINGS PLAN?
THE EATON PUERTO RICO RETIREMENT SAVINGS PLAN is a Profit Sharing plan. It has been effective since 2010-12-31. The plan is filed with the U.S. Department of Labor under EIN 980474648.
Who sponsors the THE EATON PUERTO RICO RETIREMENT SAVINGS PLAN?
THE EATON PUERTO RICO RETIREMENT SAVINGS PLAN is sponsored by CUTLER-HAMMER ELECTRICAL CO, located in Puerto Rico. The sponsor's EIN is 980474648 and the plan operates in the Manufacturing industry.
How did THE EATON PUERTO RICO RETIREMENT SAVINGS PLAN perform in 2022?
THE EATON PUERTO RICO RETIREMENT SAVINGS PLAN declined by 12.8% during 2022, moving from $62M to $54M in total assets. Net income was $-8,000,595.
Where can I find official filings for THE EATON PUERTO RICO RETIREMENT SAVINGS PLAN?
Official Form 5500 filings for THE EATON PUERTO RICO RETIREMENT SAVINGS PLAN 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 THE EATON PUERTO RICO RETIREMENT SAVINGS PLAN compare to other plans?
You can compare THE EATON PUERTO RICO RETIREMENT SAVINGS PLAN against other Profit Sharing 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.

Explore PlainRetire

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.