401(k) · DOL Form 5500 · 2023
Carrier Global Corporation 401(k) Plan
Data updated 2026-08-11
- $791M
- Total assets
- 12,128
- Participants
- 98th
- Percentile by assets
- $65,220
- Avg per participant
Official DOL plan name: Carrier Retirement Savings Plan · Sponsored by Carrier Global Corporation · Florida · Manufacturing
$791M in assets, 12,128 participants
Carrier Global Corporation's Carrier Retirement Savings Plan reported $791M in total assets and 12,128 participants in its 2023 DOL Form 5500 filing, ranking in the 98th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 98th percentile by assets (of 127,072 plans)
- #18,161 in Manufacturing (18,722 peers)
Coverage in Florida
Carrier Retirement Savings Plan covers 12,128 participants in Florida, 19x the typical Florida plan (state average ~628 per filing). Assets: $791M.
- $791M
- total plan assets (2023 EOY)
- 12,128
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $65,220
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Carrier Retirement Savings Plan reported net income rose from $92M in the plan year 2022 filing to $263M in the plan year 2023 filing.
- Carrier Retirement Savings Plan end-of-year assets rose from $528M in the plan year 2022 filing to $791M in the plan year 2023 filing.
- Carrier Retirement Savings Plan reported participants rose from 11,673 in the plan year 2022 filing to 12,128 in the plan year 2023 filing.
Participants vs Florida filers
In Florida, the average filing covers about 628 participants across 6,617 plans. Carrier Retirement Savings Plan reports 12,128 participants - 19x that state average ($791M EOY assets).
Florida filing particulars
| Total Assets (Beginning of Year) | $528M |
|---|---|
| Net Assets (End of Year) | $791M |
| Net Income | $263M |
| Employer EIN | 834051582 |
| Plan Effective Date | 2020-04-03 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Carrier Global Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 13,276 | $725M |
| 2023 | 2 | 13,565 | $1.0B |
| 2024 | 2 | 13,602 | $1.2B |
Nearby 401(k) Plans in Florida
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Carrier Retirement Savings Plan vs. nearby 401(k) plans in Florida, assets vs. participants
- L3harris Retirement Savings Plan $15.4B · 40,665
- Savings Plan for Employees and Partners of Pwc $11.3B · 50,817
- Adp Totalsource Retirement Savings Plan $8.0B · 308,867
- Trinet 401(k) Plan $7.0B · 157,945
- Publix Super Markets, Inc. 401(k) Smart Plan $6.6B · 184,674
Scale composition for Carrier Retirement Savings Plan
Carrier Retirement Savings Plan reports $791M in end-of-year assets across 12,128 participants (0.006% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.013% of 93,925,755 covered participants) - about $65,220 per participant (47% of the national average assets-per-participant) . Net income for plan year 2023 was $263M.
This plan identity (EIN 834051582, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $528M to $998M (+89.2%) while covered participants moved from 11,673 to 12,295 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 11,673 | $528M | Open filing |
| 2023 | 12,128 | $791M | This page |
| 2024 · index core | 12,295 | $998M | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Carrier Retirement Savings Plan (401(k), $998M, 12,295 participants)
- Carrier Represented Employee Pension Plan (Defined Benefit (Pension), $215M, 1,307 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Carrier Retirement Savings Plan by total assets, not by location.
- Associated Banc-Corp 401(k) and Employee Stock Ownership Plan (WI) $792M · 4,248
- Pioneer Natural Resources USA, Inc. 401(k) and Matching Plan (TX) $792M · 2,065
- Victoria's Secret & Co. 401(k) Savings and Retirement Plan (OH) $790M · 16,750
- Knight-Swift Transportation Holdings Inc. Retirement Plan (AZ) $789M · 23,899
Frequently Asked Questions
How did Carrier Retirement Savings Plan assets move in 2023? ▼
How have Carrier Global Corporation plan assets changed over time? ▼
Where does Carrier Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Carrier Retirement Savings Plan? ▼
Next read for Carrier Retirement Savings Plan
Filing takeaways
Ways to act on Carrier Retirement Savings Plan's numbers.
- By total assets, Carrier Retirement Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Florida. Compare plans
- Carrier Global Corporation's sponsor-wide assets have grown 67.3% since 2022 across 3 plan years on file. More Manufacturing plans