Retirement plan

GENERAL DYNAMICS CORPORATION 401(K) PLAN FOR REPRESENTED EMPLOYEES

Name: GENERAL DYNAMICS CORPORATION - GENERAL DYNAMICS CORPORATION 401(K) PLAN FOR REPRESENTED EMPLOYEES (2018) 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 FOR REPRESENTED EMPLOYEES, GENERAL DYNAMICS CORPORATION

GENERAL DYNAMICS CORPORATIONEIN 13-1673581Plan #013PY 2018

11011 SUNSET HILLS ROAD - RESTON, VA 201905311703-876-3000gd.comLinkedIn10001+ employeesdefense & space

Other plans on this EIN

10 filings

#049Retirement-$5.27B assets #001Retirement-$3.43B assets #050Retirement-$2.65B assets #070Retirement-$2.55B assets #074Retirement-$2.12B assets #069Retirement-$1.90B assets #073Retirement-$1.79B assets #002Retirement-$1.73B assets #012Retirement-$1.44B assets #068Retirement-$1.28B assets

Prospect flagsLow returns

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)

$1475.7M

-13.0% from 2017

Total participants

18,203

+0.6% from 2017

Average account balance

$85,496

-14.1% from 2017

Annual return

-11.05%

-25.24 pp from 2017

Benchmarks

See 87 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort87 peers

Snapshot2018

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Analytics

Total assets (EOY)

Plan-year ending balance

$2.09B

Not enough data

1 years with asset history on file

Average account balance

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

$95K

Not enough data

1 years with per-participant data

Participants with account balance

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

21,854

Not enough data

1 years with headcount on file

Eligible Participants and Participation

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

97.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$153.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+8.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$75

Not enough data

1 years with admin cost on file

Asset composition

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

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Filed as: FIDELITY INV. INST. OPS. CO. Service code 13 · EIN 04-2647786	Contract Administrator	$851,994
STRATEGIC ADVISORS, INC.4+ years Service code 26 · EIN 04-2654524	Advisory (Participants)	$190,711
AON CONSULTING3 years Filed as: AON CONSULTING, INC. Service code 17 · EIN 22-2232264	Pension Consulting	$109,520
KPMG LLP3 years Service code 10 · EIN 13-5565207	Accounting	$100,000
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 28 · EIN 27-4411131	Investment Management	$80,547
CROWE LLP1 year Service code 10 · EIN 35-0921680	Accounting	$9,960
WEALTH MANAGEMENT SYSTEMS INC4+ years Filed as: WEALTH MANAGEMENT SYSTEMS, INC. Service code 49 · EIN 22-3734996	Other Services	$0

Reportable transactions (Schedule G)

3 rows

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

Category	Counterparty	Relationship / Terms	Address	Amount
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX

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Plan features & details

Pension benefit codes2E2F2G2I2J2K2O2R2S2T3F3H3I

Plan features

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)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$1.4M

$91 / participant

Investment mgmt$271K20.0%
Contract admin$852K62.9%
Other / not subdivided$230K17.0%

% of EOY assets

0.092%

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

$85,496

$127,796-33.1%

$76,767+11.4%

$73,367+16.5%

Participation rate

93.7%

88.2%+5.5pp

77.0%+16.7pp

69.5%+24.2pp

Annual return

-11.05%

-2.31%-8.7pp

2.43%-13.5pp

173.45%-184.5pp

Employer contribution / active EE

$2,485

$3,931-36.8%

$2,4850%

$2,499-0.6%

Participant deferral / active EE

$4,283

$6,924-38.1%

$3,852+11.2%

$4,033+6.2%

Admin fee / account holder

$78

$66+18.1%

$6,675-98.8%

$68+14.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

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

Service code 13 · EIN 04-2647786

Contract Administrator

$851,994

STRATEGIC ADVISORS, INC.4+ years

Service code 26 · EIN 04-2654524

Advisory (Participants)

$190,711

AON CONSULTING3 years

Filed as: AON CONSULTING, INC.

Service code 17 · EIN 22-2232264

Pension Consulting

$109,520

KPMG LLP3 years

Service code 10 · EIN 13-5565207

Accounting

$100,000

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT TRUST COMPANY

Service code 28 · EIN 27-4411131

Investment Management

$80,547

CROWE LLP1 year

Service code 10 · EIN 35-0921680

Accounting

$9,960

WEALTH MANAGEMENT SYSTEMS INC4+ years

Filed as: WEALTH MANAGEMENT SYSTEMS, INC.

Service code 49 · EIN 22-3734996

Other Services

GENERAL DYNAMICS CORPORATION 401(K) PLAN FOR REPRESENTED EMPLOYEES

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENERAL DYNAMICS CORPORATION 401(K) PLAN FOR REPRESENTED EMPLOYEES

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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