PlanOptica
Retirement plan

GENERAL MOTORS SALARIED RETIREMENT PROGRAM

GENERAL MOTORS LLCEIN 27-0383222Plan #016PY 2023
Sign in to saveView 5500 PDF
300 RENAISSANCE CENTER, MC 482-C33-A68 - DETROIT, MI 48265800-489-4646gm.comLinkedIn10001+ employeesautomotive
Other plans on this EIN
3 filings
#003Retirement-$40.23B assets#002Retirement-$20.38B assets#014Retirement-$8.58B assets
Prospect flagsHigh retiree %Low returnsLow participation

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(800) 489-4646
Plan administrator signer
CHRISTINE GONYEA
Signed 07/11/2024
How to read this page

Summary metrics

Total assets (EOY)
$3899.9M
+1.8% from 2017
Total participants
33,036
+3.8% from 2017
Average account balance
$0
No prior year
Annual return
1.29%
+4.00 pp from 2017

Benchmarks

See 177 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants5,000-9,999
Cohort177 peers
Snapshot2023
Participant deferral / active EE
$0
median $40
Employer contribution / active EE
$30,495
median $5,730
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
1.29%
median 9.38%
Overall peer rank
28th percentileavg across 6 metrics

Analytics

2016 - 2024
Total assets (EOY)
Plan-year ending balance
$4.36B
Average account balance
Total assets / participants with a balance (line 6g)
$137K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
23,288
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
$200.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$23K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+18.54%
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

KATHRYN M HOFFMAN

WILLIS TOWERS WATSON US LLC
Enrollment #2305658
800 NORTH GLEBE ROAD
ARLINGTON, VA 22203
(667) 300-8438
Signed 2024-06-01

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 codes1A1C1E3H1I
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1C
    Cash balance or similar plan
    A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
  • 1E
    Section 401(h) arrangement
    Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
  • 1I
    Frozen plan
    As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
  • 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 participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • 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
$34.1M
$3778 / participant
  • Investment mgmt$5M14.5%
  • Contract admin$3M8.4%
  • Other / not subdivided$26M77.1%
% of EOY assets
0.874%
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
ERNST & YOUNG LLP
Auditor EIN
346565596
Audit fees
(not subdivided)
Opinion code
Unqualified