Raytheon Technologies
| Plan name | Raytheon Technologies |
| Location | Waltham, Mass. |
| Asset size ($MM) | >$30 billion |
| Participants | 114,500 |
| Industry | Aerospace and defense |
| Participation rate | 97% |
| Average deferral rate | 10% |
| # of funds offered | 12 |
| Investment review | Yes |
| True-up match | No |
| Match vesting period | 2 years |
| Eligibility | Immediately upon hire |
| Default deferral rate | 6% |
| Default investment | Other: Personalized Target Retirement Fund with Guaranteed Lifetime Withdrawal Benefit |
| Automatic escalation | Yes - participants are defaulted into auto escalation at time of enrollment unless they opt out; all other participants can opt in at any time |
| Systematic withdrawals | Yes |
| Fee equalization | No, and we have no plans to research this in the short-term |
| Match Rate | 51%-99% of first 6% of salary |
| % receiving full match | Vast majority (75% or more) |
| Maximum employer contribution | 9% |
| Financial Education | |
Saving/Budgeting | Yes |
Investing strategies | Yes |
College saving | Yes |
Credit/Debt management | Yes |
Tax/Estate planning | |
Retiree health costs/savings options​ |
| Recordkeeper | Alight Solutions |
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