Retirement plan
GE PENSION PLAN
GENERAL ELECTRIC COMPANYEIN 14-0689340Plan #333PY 2015
3135 EASTON TURNPIKE - FAIRFIELD, CT 068280001800-432-3450
Other plans on this EIN
1 filingProspect flagsHigh retiree %Low participant contribution
Filing contacts
From the Form 5500, federal recordPlan administrator signer
MICHAEL J GORMAN
Signed 09/28/2016
Plan administrator entity
GENERAL ELECTRIC COMPANY
EIN 140689340
PO BOX 6024 · SCHENECTADY, NY 123016024
Summary metrics
Total assets (EOY)
$45724.5M
-2.4% from 2016
Total participants
470,181
+2.2% from 2016
Average account balance
$0
No prior year
Annual return
0.64%
-5.69 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort209 peers
Snapshot2015
11
Participant deferral / active EE
$2,087
median $28
0
Employer contribution / active EE
$0
median $5,273
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $47,522
0
Admin fee / account holder
$0
median $275
80
Annual return
0.64%
median -0.88%
Overall peer rank
45of 100
45th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$19.03B
Average account balance
Total assets / participants with a balance (line 6g)
$160K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
109,981
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$7.15M
Contributions per participant
Average employer and participant contribution per enrolled participant
$804
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+1.52%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 10 of 14 by compensation
| Provider | Service type | Compensation |
|---|---|---|
GENERAL ELECTRIC COMPANY1+ years Service code 14 · EIN 14-0689340 3135 EASTON TURNPIKE · FAIRFIELD, CT 068280002 | Plan Administrator | $1,330,729 |
NORTHGATEARINSO,INC.1+ years Service code 13 · EIN 65-1205969 8000 BAYMEADOWS WAY · JACKSONVILLE, FL 32256 | Contract Administrator | $1,099,090 |
TOWERS WATSON DELAWARE, INC.1+ years Service code 11 · EIN 53-0181291 901 N. GLEBE ROAD · ARLINGTON, VA 22203 | Actuarial | $521,936 |
DATAMATICS GLOBAL SERVICE, INC.1+ years Service code 49 · EIN 51-0388254 31572 INDUSTRIAL ROAD · LIVONIA, MI 48150 | Other Services | $316,222 |
VELOCITY PRINT SOLUTIONS1+ years Service code 49 · EIN 04-3724111 705 CORPORATIONS PARK · SCOTIA, NY 12302 | Other Services | $307,145 |
CERIDIAN BENEFIT SERVICES1+ years Service code 13 · EIN 59-3424469 3201 34TH STREET S. · ST. PETERSBURG, FL 33711 | Contract Administrator | $296,662 |
STATE STREET GLOBAL ADVISORS1+ years Service code 72 · EIN 04-1867445 ONE LINCOLN STREET · BOSTON, MA 021112900 | Other investment fees and expenses | $237,391 |
KPMG, LLP1+ years Service code 10 · EIN 13-5565207 515 BROADWAY · ALBANY, NY 12207 | Accounting | $200,000 |
PINE CLIFF CONSULTING, INC.1+ years Service code 11 · EIN 52-2380264 945 CONCORD STREET · FRAMINGHAM, MA 01701 | Actuarial | $107,333 |
GENPACT INTERNATIONAL, INC.1+ years Service code 13 · EIN 98-0442372 42 OLD RIDGEBURY ROAD · DANBURY, CT 06810 | Contract Administrator | $106,800 |
Enrolled actuary
1 attachment
SB
LORI BLASDELL
TOWERS WATSON DELAWARE INC.
Enrollment #1407484
901 N. GLEBE ROAD
ARLINGTON, VA 222031808
(703) 258-8000
Signed 2016-09-23
Top hat statement on fileNQDC
Filed February 13, 2021 (most recent of 14 filings on file)
Plan administrator
Plan administrator name— Sign in and upgrade to view
901 Main Ave., The Towers at Merritt River
Norwalk, CT 06851
Plans declared (3)
- GE US Executive Severance Plan1,703 emp
- GE Restoration Plan656 emp
- GE Nonqualified Transition Credit Plan2,048 emp
Total covered: 4,407 employees
Plan features & details
Pension benefit codes1A3F3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 3FLeased employeesPlan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
2 tripped
- OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Expense breakdown
Schedule H Part II
Admin total
$230.0M
$3096 / participant
- Investment mgmt$237K0.1%
- Contract admin$3M1.2%
- Other / not subdivided$227M98.7%
% of EOY assets
0.503%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- KPMG LLP
- Auditor EIN
- 135565207
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified