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JOHNSON CONTROLS PENSION PLAN 401k Plan overview

Plan NameJOHNSON CONTROLS PENSION PLAN
Plan identification number 028

JOHNSON CONTROLS PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

JOHNSON CONTROLS, INC. has sponsored the creation of one or more 401k plans.

Company Name:JOHNSON CONTROLS, INC.
Employer identification number (EIN):390380010
NAIC Classification:336300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan JOHNSON CONTROLS PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0282024-01-01JENNIFER THOMA
0282023-01-01
0282023-01-01JENNIFER THOMA
0282022-01-01
0282022-01-01KATHY MLADA

Plan Statistics for JOHNSON CONTROLS PENSION PLAN

401k plan membership statisitcs for JOHNSON CONTROLS PENSION PLAN

Measure Date Value
2023: JOHNSON CONTROLS PENSION PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0125,136
Total number of active participants reported on line 7a of the Form 55002023-01-013,318
Number of retired or separated participants receiving benefits2023-01-019,206
Number of other retired or separated participants entitled to future benefits2023-01-018,590
Total of all active and inactive participants2023-01-0121,114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-012,668
Total participants2023-01-0123,782
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-016
2022: JOHNSON CONTROLS PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-3187,127,620
Acturial value of plan assets2022-12-3187,127,620
Funding target for retired participants and beneficiaries receiving payment2022-12-3130,246,385
Number of terminated vested participants2022-12-3124
Fundng target for terminated vested participants2022-12-31985,587
Active participant vested funding target2022-12-312,769,868
Number of active participants2022-12-3128
Total funding liabilities for active participants2022-12-312,833,699
Total participant count2022-12-31485
Total funding target for all participants2022-12-3134,065,671
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3141,061,850
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-3141,061,850
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-3144,211,294
Total employer contributions2022-12-310
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31159,178
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-01485
Total number of active participants reported on line 7a of the Form 55002022-01-013,999
Number of retired or separated participants receiving benefits2022-01-019,519
Number of other retired or separated participants entitled to future benefits2022-01-018,904
Total of all active and inactive participants2022-01-0122,422
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-012,714
Total participants2022-01-0125,136
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-013

Financial Data on JOHNSON CONTROLS PENSION PLAN

Measure Date Value
2024 : JOHNSON CONTROLS PENSION PLAN 2024 401k financial data
Total unrealized appreciation/depreciation of assets2024-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2024-01-01$303,691
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2024-01-01$2,607,491
Total income from all sources (including contributions)2024-01-01$-26,275,167
Total loss/gain on sale of assets2024-01-01$0
Total of all expenses incurred2024-01-01$136,652,772
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2024-01-01$131,213,224
Total contributions o plan (from employers,participants, others, non cash contrinutions)2024-01-01$0
Value of total assets at end of year2024-01-01$1,437,509,789
Value of total assets at beginning of year2024-01-01$1,602,741,528
Total of administrative expenses incurred including professional, contract, advisory and management fees2024-01-01$5,439,548
Total interest from all sources2024-01-01$0
Total dividends received (eg from common stock, registered investment company shares)2024-01-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2024-01-01No
Was this plan covered by a fidelity bond2024-01-01Yes
Value of fidelity bond cover2024-01-01$10,000,000
Were there any nonexempt tranactions with any party-in-interest2024-01-01No
Value of other receiveables (less allowance for doubtful accounts) at end of year2024-01-01$615,516
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2024-01-01$615,516
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2024-01-01$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2024-01-01$2,315,657
Administrative expenses (other) incurred2024-01-01$2,401,982
Liabilities. Value of operating payables at end of year2024-01-01$303,691
Liabilities. Value of operating payables at beginning of year2024-01-01$291,834
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2024-01-01No
Value of net income/loss2024-01-01$-162,927,939
Value of net assets at end of year (total assets less liabilities)2024-01-01$1,437,206,098
Value of net assets at beginning of year (total assets less liabilities)2024-01-01$1,600,134,037
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2024-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2024-01-01No
Were any leases to which the plan was party in default or uncollectible2024-01-01No
Value of interest in master investment trust accounts at end of year2024-01-01$1,436,894,273
Value of interest in master investment trust accounts at beginning of year2024-01-01$1,602,126,012
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2024-01-01No
Was there a failure to transmit to the plan any participant contributions2024-01-01No
Has the plan failed to provide any benefit when due under the plan2024-01-01No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2024-01-01$131,213,224
Did the plan have assets held for investment2024-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2024-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2024-01-01No
Opinion of an independent qualified public accountant for this plan2024-01-011
Accountancy firm name2024-01-01WIPFLI LLP
Accountancy firm EIN2024-01-01390758449
2023 : JOHNSON CONTROLS PENSION PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$2,607,491
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$15,444
Total income from all sources (including contributions)2023-12-31$140,116,202
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$192,193,104
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$184,953,276
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$0
Value of total assets at end of year2023-12-31$1,602,741,528
Value of total assets at beginning of year2023-12-31$1,652,226,383
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$7,239,828
Total interest from all sources2023-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$10,000,000
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-31$615,516
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-12-31$2,315,657
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2023-12-31$0
Administrative expenses (other) incurred2023-12-31$3,367,162
Liabilities. Value of operating payables at end of year2023-12-31$291,834
Liabilities. Value of operating payables at beginning of year2023-12-31$15,444
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$-52,076,902
Value of net assets at end of year (total assets less liabilities)2023-12-31$1,600,134,037
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$1,652,210,939
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in master investment trust accounts at end of year2023-12-31$1,602,126,012
Value of interest in master investment trust accounts at beginning of year2023-12-31$1,652,226,383
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$184,953,276
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31WIPFLI LLP
Accountancy firm EIN2023-12-31390758449
Total unrealized appreciation/depreciation of assets2023-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$2,607,491
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$15,444
Total income from all sources (including contributions)2023-01-01$140,116,202
Total loss/gain on sale of assets2023-01-01$0
Total of all expenses incurred2023-01-01$192,193,104
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$184,953,276
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$0
Value of total assets at end of year2023-01-01$1,602,741,528
Value of total assets at beginning of year2023-01-01$1,652,226,383
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$7,239,828
Total interest from all sources2023-01-01$0
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$10,000,000
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-01-01$615,516
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-01-01$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-01-01$2,315,657
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2023-01-01$0
Administrative expenses (other) incurred2023-01-01$3,367,162
Liabilities. Value of operating payables at end of year2023-01-01$291,834
Liabilities. Value of operating payables at beginning of year2023-01-01$15,444
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$-52,076,902
Value of net assets at end of year (total assets less liabilities)2023-01-01$1,600,134,037
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$1,652,210,939
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Value of interest in master investment trust accounts at end of year2023-01-01$1,602,126,012
Value of interest in master investment trust accounts at beginning of year2023-01-01$1,652,226,383
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$184,953,276
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01WIPFLI LLP
Accountancy firm EIN2023-01-01390758449
2022 : JOHNSON CONTROLS PENSION PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total transfer of assets to this plan2022-12-31$1,585,576,764
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$15,444
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$23,700
Total income from all sources (including contributions)2022-12-31$-13,714,000
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$6,779,445
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$6,622,664
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$0
Value of total assets at end of year2022-12-31$1,652,226,383
Value of total assets at beginning of year2022-12-31$87,151,320
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$156,781
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Administrative expenses professional fees incurred2022-12-31$114,101
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$50,000,000
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Other income not declared elsewhere2022-12-31$237,582
Administrative expenses (other) incurred2022-12-31$42,680
Liabilities. Value of operating payables at end of year2022-12-31$15,444
Liabilities. Value of operating payables at beginning of year2022-12-31$23,700
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-20,493,445
Value of net assets at end of year (total assets less liabilities)2022-12-31$1,652,210,939
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$87,127,620
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in master investment trust accounts at end of year2022-12-31$1,652,226,383
Value of interest in master investment trust accounts at beginning of year2022-12-31$87,151,320
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$6,622,664
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31WIPFLI LLP
Accountancy firm EIN2022-12-31390758449
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total transfer of assets to this plan2022-01-01$1,585,576,764
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$15,444
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$23,700
Total income from all sources (including contributions)2022-01-01$-13,714,000
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$6,779,445
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$6,622,664
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$0
Value of total assets at end of year2022-01-01$1,652,226,383
Value of total assets at beginning of year2022-01-01$87,151,320
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$156,781
Total interest from all sources2022-01-01$0
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Administrative expenses professional fees incurred2022-01-01$114,101
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$50,000,000
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Other income not declared elsewhere2022-01-01$237,582
Administrative expenses (other) incurred2022-01-01$42,680
Liabilities. Value of operating payables at end of year2022-01-01$15,444
Liabilities. Value of operating payables at beginning of year2022-01-01$23,700
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-20,493,445
Value of net assets at end of year (total assets less liabilities)2022-01-01$1,652,210,939
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$87,127,620
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in master investment trust accounts at end of year2022-01-01$1,652,226,383
Value of interest in master investment trust accounts at beginning of year2022-01-01$87,151,320
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$6,622,664
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01WIPFLI LLP
Accountancy firm EIN2022-01-01390758449

Form 5500 Responses for JOHNSON CONTROLS PENSION PLAN

2023: JOHNSON CONTROLS PENSION PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: JOHNSON CONTROLS PENSION PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes

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