Retirement plan
GE HEALTHCARE LEGACY AFFILIATES PENSION PLAN
GE HEALTHCARE TECHNOLOGIES INC.EIN 88-2515116Plan #004PY 2023
500 W. MONROE ST - CHICAGO, IL 60661224-239-0617
Other plans on this EIN
2 filingsProspect flagsHigh retiree %Wind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
BRYAN FALATO
Signed 10/15/2024
Plan administrator entity
GE HEALTHCARE BENEFITS ADMINISTRATIVE COMMITTEE
EIN 882515116
500 W. MONROE ST · CHICAGO, IL 60611
Summary metrics
Total assets (EOY)
$713.6M
+8.2% from 2024
Total participants
10,927
+3.4% from 2024
Average account balance
$0
No prior year
Annual return
958.17%
+958.51 pp from 2024
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants250-999
Cohort151 peers
Snapshot2023
0
Participant deferral / active EE
$0
median $0
0
Employer contribution / active EE
$0
median $6,414
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $134,777
0
Admin fee / account holder
$0
median $1,040
100
Annual return
958.17%
median 9.40%
Overall peer rank
100of 100
100th 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 5 by compensation
| Provider | Service type | Compensation |
|---|---|---|
AON CONSULTING, INC.1+ years Service code 11 · EIN 36-2235791 | Actuarial | $931,419 |
IVINS, PHILLIPS & BAKER1+ years Service code 29 1700 PENNSYLVANIA AVENUE · WASHINGTON, DC 20006 | Legal | $44,400 |
PRINCIPAL BANK1+ years Service code 15 · EIN 42-1520346 | Recordkeeping | $40,952 |
DELOITTE & TOUCHE LLP1+ years Service code 10 · EIN 13-3891517 | Accounting | $23,900 |
WILLIS TOWERS WATSON1+ years Service code 28 · EIN 98-1261616 | Investment Management | $10,756 |
Enrolled actuary
1 attachment
SB
DAWN M. OCHOA
AON CONSULTING, INC.
Enrollment #2307557
MSC #17755
PO BOX 1447
LINCOLNSHIRE, IL 600694302
(847) 295-5000
Signed 2024-09-06
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 codes1A1C1I3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1CCash balance or similar planA 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).
- 1IFrozen planAs 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.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
2 tripped
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
- 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.
Expense breakdown
Schedule H Part II
Admin total
$1.2M
$4570 / participant
- Recordkeeping$41K3.5%
- Investment mgmt$11K0.9%
- Legal$44K3.8%
- Actuarial$931K79.6%
- Other / not subdivided$142K12.2%
% of EOY assets
0.164%
all-in expense ratio
Categories reported
4 / 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
- $23,900
- Opinion code
- Unqualified