Retirement plan

GENERAL DYNAMICS CORPORATION 401(K) PLAN 3.0

Name: GENERAL DYNAMICS CORPORATION - GENERAL DYNAMICS CORPORATION 401(K) PLAN 3.0 (2015) Form 5500
Creator: GENERAL DYNAMICS CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENERAL DYNAMICS CORPORATION 401(K) PLAN 3.0, GENERAL DYNAMICS CORPORATION

GENERAL DYNAMICS CORPORATIONEIN 13-1673581Plan #012PY 2015

2941 FAIRVIEW PARK DRIVE, SUITE 100 - FALLS CHURCH, VA 220424513703-876-3000gd.comLinkedIn10001+ employeesdefense & space

Other plans on this EIN

8 filings

#001Retirement-$6.34B assets #049Retirement-$5.02B assets #050Retirement-$2.71B assets #013Retirement-$1.35B assets #002Retirement-$1.34B assets #025Retirement-$42.6M assets #067Retirement-$17.1M assets #063Retirement-$9.8M assets

Prospect flagsLow participationLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed August 3, 2006 (most recent of 7 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.

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Total assets (EOY)

$3376.7M

+31.1% from 2016

Total participants

58,579

+35.5% from 2016

Average account balance

$86,673

+29.9% from 2016

Annual return

1.34%

+20.62 pp from 2016

Benchmarks

See 87 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort87 peers

Snapshot2015

Participant deferral / active EE

$2,588

median $5,946

Employer contribution / active EE

$1,105

median $3,302

Participation rate

54.6%

median 92.4%

Avg account balance

$86,673

median $109,006

Admin fee / account holder

$67

median $47

Annual return

1.34%

median 0.55%

Overall peer rank

29of 100

29th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$1.48B

Average account balance

Total assets / participants with a balance (line 6g)

$178K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

8,304

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

68.6%

Contributions (total)

Employer and participant dollars contributed each year

$6.34M

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.43%

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$43

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 7 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Filed as: FIDELITY INV. INST. OPS. CO. Service code 13 · EIN 04-2647786	Contract Administrator	$2,151,900
STRATEGIC ADVISORS, INC.1+ years Service code 26 · EIN 04-2654524	Advisory (Participants)	$137,948
EVERCORE TRUST COMPANY1+ years Filed as: EVERCORE TRUST COMPANY, N.A. Service code 28 · EIN 26-4691954	Investment Management	$125,123
HEWITT ASSOCIATES LLC1+ years Service code 17 · EIN 36-2235791	Pension Consulting	$106,806
BLACKROCK1+ years Filed as: BLACKROCK FINANCIAL MGMT, INC Service code 10 · EIN 13-3806691	Accounting	$53,619
DIGITAL DOCUMENTS, LLC1+ years Service code 50 · EIN 54-2042401	Direct Payment	$21,235
WEALTH MANAGEMENT SYSTEMS INC1+ years Filed as: WEALTH MANAGEMENT SYSTEMS, INC. Service code 49 · EIN 22-3734996	Other Services	$0

Plan features & details

Pension benefit codes2A2E2F2G2I2J2K2O2R2S2T3F3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants 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.
2I
Stock bonus
Stock bonus plan.
2J
Code section 401(k) feature
Cash 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.
2K
Code section 401(m) arrangement
Employee 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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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)).

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2.6M

$60 / participant

Investment mgmt$317K12.2%
Contract admin$2M82.8%
Other / not subdivided$131K5.0%

% of EOY assets

0.077%

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: KPMG LLP
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,673

$111,064-22.0%

$67,652+28.1%

$69,651+24.4%

Participation rate

54.6%

86.0%-31.4pp

75.7%-21.0pp

66.6%-11.9pp

Annual return

1.34%

2.77%-1.4pp

6625.40%-6624.1pp

53.77%-52.4pp

Employer contribution / active EE

$1,105

$3,328-66.8%

$2,266-51.2%

$2,241-50.7%

Participant deferral / active EE

$2,588

$6,396-59.5%

$3,560-27.3%

$3,635-28.8%

Admin fee / account holder

$67

$72-7.1%

$4,821-98.6%

$63+5.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Filed as: FIDELITY INV. INST. OPS. CO.

Service code 13 · EIN 04-2647786

Contract Administrator

$2,151,900

STRATEGIC ADVISORS, INC.1+ years

Service code 26 · EIN 04-2654524

Advisory (Participants)

$137,948

EVERCORE TRUST COMPANY1+ years

Filed as: EVERCORE TRUST COMPANY, N.A.

Service code 28 · EIN 26-4691954

Investment Management

$125,123

HEWITT ASSOCIATES LLC1+ years

Service code 17 · EIN 36-2235791

Pension Consulting

$106,806

BLACKROCK1+ years

Filed as: BLACKROCK FINANCIAL MGMT, INC

Service code 10 · EIN 13-3806691

Accounting

$53,619

DIGITAL DOCUMENTS, LLC1+ years

Service code 50 · EIN 54-2042401

Direct Payment

$21,235

WEALTH MANAGEMENT SYSTEMS INC1+ years

Filed as: WEALTH MANAGEMENT SYSTEMS, INC.

Service code 49 · EIN 22-3734996

Other Services

GENERAL DYNAMICS CORPORATION 401(K) PLAN 3.0

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENERAL DYNAMICS CORPORATION 401(K) PLAN 3.0

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion