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Retirement plan

FORD MOTOR COMPANY GENERAL RETIREMENT PLAN

FORD MOTOR COMPANYEIN 38-0549190Plan #002PY 2020
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1 AMERICAN ROAD, FORD WHQ, ROOM 612 - DEARBORN, MI 48126313-322-5012ford.comLinkedIn10001+ employeesautomotive
Other plans on this EIN
4 filings
#001Retirement-$26.60B assets#010Retirement-$15.13B assets#025Retirement-$6.59B assets#007Retirement-$147.0M assets
Prospect flagsHigh retiree %Low participant contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(313) 322-5012
Plan administrator signer
ROBIN WOOD
Signed 10/15/2021
How to read this page

Summary metrics

Total assets (EOY)
$22004.5M
-2.6% from 2016
Total participants
65,701
+1.3% from 2016
Average account balance
$0
No prior year
Annual return
18.46%
-10.36 pp from 2016

Benchmarks

See 212 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort212 peers
Snapshot2020
Participant deferral / active EE
$1,736
median $23
Employer contribution / active EE
$5,586
median $5,975
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
18.46%
median 12.84%
Overall peer rank
45th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$12.12B
Average account balance
Total assets / participants with a balance (line 6g)
$222K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
46,396
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
$558.83M
Contributions per participant
Average employer and participant contribution per enrolled participant
$68K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-1.18%
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 8 by compensation
ProviderService typeCompensation
ALIGHT FINANCIAL SOLUTIONS, LLC2 years
Service code 15 · EIN 82-1061233
Recordkeeping
$3,440,103
TOWERS WATSON DELAWARE INC.6+ years
Service code 11 · EIN 53-0181291
Actuarial
$2,050,409
CONDUENT HR CONSULTING, LLC5 years
Service code 15 · EIN 13-3954297
Recordkeeping
$1,041,920
STATE STREET BANK & TRUST COMPANY6+ years
Service code 49 · EIN 04-1867445
Other Services
$509,160
FORD MOTOR COMPANY6+ years
Service code 14 · EIN 38-0549190
Plan Administrator
$416,406
BDO USA, LLP2 years
Service code 10 · EIN 13-5381590
Accounting
$181,253
EXCELLERATEHRO LLP2 years
Service code 12 · EIN 20-2185976
Participant loan processing; Particip...
$53,110
COMERICA BANK1 year
Service code 49 · EIN 38-6574332
Other Services
$7,500

Enrolled actuary

1 attachment
SB

MARY P. MITCHELL, ASA, EA, MAAA

WILLIS TOWERS WATSON US LLC
Enrollment #2005661
ONE PPG PLACE, SUITE 600
PITTSBURGH, PA 15222
(412) 863-4818
Signed 2021-10-04

Top hat statement on fileNQDC

Filed November 3, 2013 (most recent of 2 filings on file)

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 codes1A1B3F3H3J
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).
  • 1B
    Benefits are primarily flat dollar
    Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
  • 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)).
  • 3J
    U.S.-based Puerto Rico dual-qualified plan
    U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

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
$53.5M
$3986 / participant
  • Investment mgmt$40M74.8%
  • Contract admin$4M8.3%
  • Other / not subdivided$9M16.9%
% of EOY assets
0.243%
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
BDO USA, LLP
Auditor EIN
135381590
Audit fees
(not subdivided)
Opinion code
Unqualified