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Retirement plan

GENERAL MOTORS HOURLY-RATE EMPLOYEES PENSION PLAN

GENERAL MOTORS LLCEIN 27-0383222Plan #003PY 2017
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300 RENAISSANCE CENTER, MC 482-C11-A68 - DETROIT, MI 48265800-489-4646gm.comLinkedIn10001+ employeesautomotive
Other plans on this EIN
3 filings
#002Retirement-$15.22B assets#014Retirement-$7.50B assets#016Retirement-$6.67B assets
Prospect flagsHigh retiree %Low returnsLow employer contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(800) 489-4646
Plan administrator signer
KEVIN COBB
Signed 07/11/2018
How to read this page

Summary metrics

Total assets (EOY)
$56376.8M
+3.4% from 2017
Total participants
407,344
+2.8% from 2017
Average account balance
$0
No prior year
Annual return
5.18%
+2.82 pp from 2017

Benchmarks

See 31 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants>=10,000
Cohort31 peers
Snapshot2017
Participant deferral / active EE
$0
median $19
Employer contribution / active EE
$40
median $14,389
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $14,491,905
Admin fee / account holder
$0
median $81,210
Annual return
5.18%
median 12.93%
Overall peer rank
7th percentileavg across 6 metrics

Analytics

2016 - 2024
Total assets (EOY)
Plan-year ending balance
$44.84B
Average account balance
Total assets / participants with a balance (line 6g)
$139K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
306,956
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
$1.16M
Not enough data
1 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$40
Not enough data
1 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+21.08%
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.

Enrolled actuary

1 attachment
SB

MARY E GIBBON

TOWERS WATSON DELAWARE INC
Enrollment #1706921
800 NORTH GLEBE ROAD
ARLINGTON, VA 22203
(703) 258-8163
Signed 2018-06-07

Reportable transactions (Schedule G)

3 rows

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

CategoryCounterpartyRelationship / TermsAddressAmount
Part 1
Loan in default
HELLAS TELECOMM. LUXEMBOURG II SCA———
Part 1
Loan in default
KAUPHING BANK HF———
Part 1
Loan in default
DIRECTBUY HOLDINGS INC.—
8450 BROADWAY
MERRILLVILLE, IN 46410
—

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 codes1B3H
Plan features
  • 1B
    Benefits are primarily flat dollar
    Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
  • 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

3 tripped
  • OpportunityLow employer contribution

    Employer contribution per participant is in the bottom quintile of the peer cohort.

  • OpportunityLow returns

    Annual investment return 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
$199.9M
$6803 / participant
  • Investment mgmt$78M39.0%
  • Contract admin$21M10.7%
  • Other / not subdivided$101M50.3%
% of EOY assets
0.355%
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
DELOITTE & TOUCHE LLP
Auditor EIN
133891517
Audit fees
(not subdivided)
Opinion code
Unqualified