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Retirement plan

GENERAL MOTORS RETIREMENT SAVINGS PLAN FOR SALARIED EMPLOYEES IN THE UNITED STATES

GENERAL MOTORS LLCEIN 27-0383222Plan #002PY 2020
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300 RENAISSANCE CTR, TOWER 300, FLR 33 -BENEFITS ACCTING - DETROIT, MI 48265800-489-4646gm.comLinkedIn10001+ employeesautomotive
Other plans on this EIN
3 filings
#003Retirement-$54.27B assets#014Retirement-$8.74B assets#016Retirement-$6.47B assets
Prospect flagsHigh assets / participant

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(800) 489-4646
Plan administrator signer
CHRISTINE GONYEA
Signed 10/08/2021
How to read this page

Summary metrics

Total assets (EOY)
$19706.7M
-7.7% from 2016
Total participants
60,217
-0.4% from 2016
Average account balance
$328,215
-7.3% from 2016
Annual return
18.74%
-6.06 pp from 2016

Benchmarks

See 86 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants>=10,000
Cohort86 peers
Snapshot2020
Participant deferral / active EE
$14,572
median $7,742
Employer contribution / active EE
$10,102
median $3,821
Participation rate
99.5%
median 96.2%
Avg account balance
$328,215
median $160,963
Admin fee / account holder
$0
median $59
Annual return
18.74%
median 14.41%
Overall peer rank
91st percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$23.06B
Average account balance
Total assets / participants with a balance (line 6g)
$354K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
65,202
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.7%
Contributions (total)
Employer and participant dollars contributed each year
$1.29B
Contributions per participant
Average employer and participant contribution per enrolled participant
$31K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+17.49%
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

Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Top hat statement on fileNQDC

Filed September 16, 2011

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes2F2G2J2K2S2T3F3H
Plan features
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped
  • InformationalHigh assets / participant

    Assets per participant exceed $250,000 - top-decile high-value plan.

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
ERNST & YOUNG LLP
Auditor EIN
386565596
Audit fees
(not subdivided)
Opinion code
Unqualified