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Retirement plan

RETIREMENT PLAN FOR SELECT GE BUSINESSES

GE HEALTHCARE TECHNOLOGIES INC.EIN 88-2515116Plan #003PY 2023
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500 WEST MONROE STREET - CHICAGO, IL 60661224-239-0617
Other plans on this EIN
2 filings
#002Retirement-$9.80B assets#004Retirement-$713.6M assets
Prospect flagsRecently cancelled planLow returnsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(224) 239-0617
Plan administrator signer
BRYAN FALATO
Signed 10/15/2024
Plan administrator entity
GE HEALTHCARE BENEFITS ADMINISTRATIVE COMMITTEE
EIN 882515116
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Summary metrics

Total assets (EOY)
$0
No prior year
Total participants
0
No prior year
Average account balance
$0
No prior year
Annual return
-74.11%
No prior year

Benchmarks

See 99 peers
Peer group
Industry55 - Management of Companies and Enterprises
Plan typeDefined benefit
Participants<25
Cohort99 peers
Snapshot2023
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $24,625
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $2,703,652
Admin fee / account holder
$0
median $437
Annual return
-74.11%
median 7.92%
Overall peer rank
4th 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 4 by compensation
ProviderService typeCompensation
AON CONSULTING, INC.1+ years
Service code 11 · EIN 22-2232264
Actuarial
$1,356,925
IVINS, PHILLIPS & BARKER CHTD1+ years
Service code 29 · EIN 52-1229560
Legal
$86,681
TOWERS WATSON INVESTMENT SERVICES1+ years
Service code 28 · EIN 52-1868818
Investment Management
$86,000
PRINCIPAL FINANCIAL GROUP, INC1+ years
Service code 15 · EIN 42-1520346
Recordkeeping
$6,109

Enrolled actuary

1 attachment
SB

DAWN M. OCHOA

AON CONSULTING, INC.
Enrollment #2307557
MSC #17755
PO BOX 1447
LINCOLNSHIRE, IL 60069
(847) 295-5000
Signed 2024-08-30

Top hat statement on fileNQDC

Filed January 7, 2025 (most recent of 5 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
500 W. Monroe Street
Chicago, IL 60661
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (1)

  • GE HealthCare Nonqualified Transition Credit Plan6 emp
Open the filing PDF

Plan features & details

Pension benefit codes1A1I3H
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).
  • 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 returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

  • InformationalRecently cancelled plan

    Plan reported a final filing / termination within the last year.

Expense breakdown

Schedule H Part II
Admin total
$7.8M
  • Recordkeeping$6K0.1%
  • Trustee / custodial$2K0.0%
  • Investment mgmt$86K1.1%
  • Legal$87K1.1%
  • Actuarial$1M17.5%
  • Other / not subdivided$6M80.2%
% of EOY assets
-
all-in expense ratio
Categories reported
5 / 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