401(k) · DOL Form 5500 · 2023

Carrier Global Corporation 401(k) Plan

Data updated 2026-08-25

$791M
Total assets Above avg plan size
12,128
Participants Very large workforce
98th
Percentile by assets National rank
$65,220
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#18,161
in Manufacturing (18,722 peers)
+49.9%
assets growth YoY
7.9×
vs typical plan assets (national mean)

Carrier Retirement Savings Plan's outsized position by total assets

Carrier Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$790,990,468 Top 2% higher than 98% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Carrier Retirement Savings Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Carrier Retirement Savings Plan is a mega filing (12,128 participants), the rightmost band on the breakdown.

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.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 834051582 · Carrier Global Corporation PY 2023 · 401(k)

Carrier Retirement Savings Plan · $791M · 12,128 · 98th

  • TYPE $791M
  • NET 12,128
  • BOOK 98th
  • VS-ST 401(k)
  • BOY near Associated Banc-Corp 401(k) and Employee Stock Ownership Plan
  • SCH ind #18161

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Florida →

Carrier Retirement Savings Plan in the asset neighbourhood

Pioneer Natural Resources USA, Inc. 401(k) and Matching PlanPioneer Natural Resources US…$792MAssociated Banc-Corp 401(k) and Employee Stock Ownership PlanAssociated Banc-Corp 401(k) …$792MCarrier Retirement Savings PlanCarrier Retirement Savings P…$791MVictoria's Secret & Co. 401(k) Savings and Retirement PlanVictoria's Secret & Co. 401(…$790MKnight-Swift Transportation Holdings Inc. Retirement PlanKnight-Swift Transportation …$789M
End-of-year total assets ($M) among Carrier Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Florida filing particulars

Total Assets (Beginning of Year)$528M
Net Assets (End of Year)$791M
Net Income$263M
Employer EIN834051582
Plan Effective Date2020-04-03
Filing StatusFILING RECEIVED

Sponsor Plan History (Carrier Global Corporation)

Sponsor-wide plan assets over time

All Carrier Global Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$1.2B 67.29034066022686% vs 2022
2024 filing year
$0.6B$0.8B$1B$1.2B$1.4B 202220232024 $0.73B $1.21B ▲ +65.8%
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 Scatter plot of 6 data points. -1000000100000200000300000400000 05101520 Total assets ($B) Participants Carrier Retirement Savings Plan, Total assets ($B): 0.790990468 · Participants: 12128Carrier Retirement Savings PlanL3harris Retirement Savings Plan, Total assets ($B): 15.384363901 · Participants: 40665L3harris Retirement Savings PlanSavings Plan for Employees and Partners of Pwc, Total assets ($B): 11.333196569 · Participants: 50817Savings Plan for Employees and Partners of PwcAdp Totalsource Retirement Savings Plan, Total assets ($B): 8.025816173 · Participants: 308867Adp Totalsource Retirement Savings PlanTrinet 401(k) Plan, Total assets ($B): 7.029692551 · Participants: 157945Trinet 401(k) PlanPublix Super Markets, Inc. 401(k) Smart Plan, Total assets ($B): 6.572590596 · Participants: 184674Publix Super Markets, Inc. 401(k) Smart Plan
Carrier Retirement Savings Plan vs. nearby 401(k) plans in Florida, assets vs. participants
Compare Carrier Retirement Savings Plan side-by-side with 3 peers →

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's out-of-state 401(k) peers by assets and headcount

Outside Florida, the nearest 401(k) by assets is Associated Banc-Corp 401(k) and Employee Stock Ownership Plan in WI ($792M); by covered participants it is D.R. Horton, Inc. Profit Sharing Plus Plan in TX (12,128 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (12,128 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Carrier Retirement Savings Plan assets move in 2023? ▼
Carrier Retirement Savings Plan surged - up 49.9% during 2023, from $528M to $791M. Reported net income was $263M.
How have Carrier Global Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Carrier Global Corporation's sponsor-wide assets grew 67.3%, from $725M to $1.2B.
Where does Carrier Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Carrier Retirement Savings Plan ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Carrier Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Associated Banc-Corp 401(k) and Employee Stock Ownership Plan in WI ($792M, 4,248 participants).
Which 401(k) plans cover a similar participant headcount to Carrier Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is D.R. Horton, Inc. Profit Sharing Plus Plan in TX (12,128 participants, $1.2B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 834051582.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.