Retirement plan

GENERAL DYNAMICS CORPORATION 401(K) PLAN FOR REPRESENTED EMPLOYEES

Name: GENERAL DYNAMICS CORPORATION - GENERAL DYNAMICS CORPORATION 401(K) PLAN FOR REPRESENTED EMPLOYEES (2019) 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 2019

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

Other plans on this EIN

10 filings

#069Retirement-$7.67B assets #001Retirement-$3.74B assets #068Retirement-$3.43B assets #070Retirement-$3.08B assets #050Retirement-$2.58B assets #079Retirement-$2.10B assets #002Retirement-$2.01B assets #073Retirement-$1.87B assets #012Retirement-$1.51B assets #049Retirement-$1.22B assets

Prospect flagsLow returnsCorrective 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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How to read this page

Total assets (EOY)

$1665.2M

+12.8% from 2018

Total participants

19,922

+9.4% from 2018

Average account balance

$87,686

+2.6% from 2018

Annual return

14.24%

+25.30 pp from 2018

Benchmarks

See 89 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort89 peers

Snapshot2019

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$2.39B

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

21,779

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$170.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+18.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$68

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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Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Filed as: FIDELITY INV. INST. OPS. CO. Service code 13 · EIN 04-2647786	Contract Administrator	$851,881
STRATEGIC ADVISORS, INC.5+ years Service code 26 · EIN 04-2654524	Advisory (Participants)	$218,993
KPMG LLP4+ years Service code 10 · EIN 13-5565207	Accounting	$110,108
AON CONSULTING4+ years Filed as: AON CONSULTING, INC. Service code 17 · EIN 22-2232264	Pension Consulting	$88,329
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 28 · EIN 27-4411131	Investment Management	$82,171
CROWE LLP2 years Service code 10 · EIN 35-0921680	Accounting	$10,737
JENNER & BLOCK LLP3 years Service code 29 · EIN 36-2192554	Legal	$7,242
WEALTH MANAGEMENT SYSTEMS INC5+ years Filed as: WEALTH MANAGEMENT SYSTEMS, INC. Service code 49 · EIN 22-3734996	Other Services	$0

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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.4M

$83 / participant

Investment mgmt$301K21.9%
Contract admin$852K62.1%
Other / not subdivided$219K16.0%

% of EOY assets

0.082%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,686

$143,368-38.8%

$87,100+0.7%

$89,569-2.1%

Participation rate

94.3%

88.2%+6.1pp

76.9%+17.5pp

69.6%+24.8pp

Annual return

14.24%

28.55%-14.3pp

28.19%-13.9pp

34.56%-20.3pp

Employer contribution / active EE

$2,267

$4,012-43.5%

$2,521-10.1%

$2,584-12.3%

Participant deferral / active EE

$4,129

$7,129-42.1%

$4,049+2.0%

$4,220-2.2%

Admin fee / account holder

$72

$61+18.8%

$7,497-99.0%

$72+0.9%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

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

Service code 13 · EIN 04-2647786

Contract Administrator

$851,881

STRATEGIC ADVISORS, INC.5+ years

Service code 26 · EIN 04-2654524

Advisory (Participants)

$218,993

KPMG LLP4+ years

Service code 10 · EIN 13-5565207

Accounting

$110,108

AON CONSULTING4+ years

Filed as: AON CONSULTING, INC.

Service code 17 · EIN 22-2232264

Pension Consulting

$88,329

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT TRUST COMPANY

Service code 28 · EIN 27-4411131

Investment Management

$82,171

CROWE LLP2 years

Service code 10 · EIN 35-0921680

Accounting

$10,737

JENNER & BLOCK LLP3 years

Service code 29 · EIN 36-2192554

Legal

$7,242

WEALTH MANAGEMENT SYSTEMS INC5+ 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

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

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