Retirement plan
GE HEALTHCARE RETIREMENT SAVINGS PLAN
GE HEALTHCARE TECHNOLOGIES INC.EIN 88-2515116Plan #002PY 2023
500 WEST MONROE STREET - CHICAGO, IL 60661844-474-4342
Other plans on this EIN
2 filingsProspect flagsCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
KIMBERLY JURY
Signed 10/14/2024
Summary metrics
Total assets (EOY)
$9804.2M
-6.8% from 2024
Total participants
54,636
+3.7% from 2024
Average account balance
$181,778
-10.6% from 2024
Annual return
0.00%
-15.71 pp from 2024
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants>=10,000
Cohort93 peers
Snapshot2023
83
Participant deferral / active EE
$12,660
median $8,533
79
Employer contribution / active EE
$7,518
median $5,334
43
Participation rate
95.7%
median 96.6%
63
Avg account balance
$181,778
median $147,686
85
Admin fee / account holder
$6
median $62
0
Annual return
0.00%
median 18.49%
Overall peer rank
71of 100
71st percentileavg across 6 metrics
Analytics
Less than 3 years of history available for this plan
We'll show a chart here once at least 3 consecutive filings are on record.
Service providers
Top 1 by compensation
| Provider | Service type | Compensation |
|---|---|---|
FID INV INST OPS1+ years Service code 50 · EIN 04-2647786 | Direct Payment | $329,601 |
Top hat statement on fileNQDC
Filed January 7, 2025 (most recent of 5 filings on file)
Plan administrator
Plans declared (1)
- GE HealthCare Nonqualified Transition Credit Plan6 emp
Plan features & details
Pension benefit codes2F2G2J2K2S2T
Plan features
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants 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.
- 2JCode section 401(k) featureCash 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.
- 2KCode section 401(m) arrangementEmployee 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.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
Opportunity flags
1 tripped
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$330K
$20 / participant
- Recordkeeping$330K100.0%
% of EOY assets
0.003%
all-in expense ratio
Categories reported
1 / 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