Retirement plan

GENERAL DYNAMICS CORPORATION 401(K) PLAN 3.5

Name: GENERAL DYNAMICS CORPORATION - GENERAL DYNAMICS CORPORATION 401(K) PLAN 3.5 (2017) 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 3.5, GENERAL DYNAMICS CORPORATION

GENERAL DYNAMICS CORPORATIONEIN 13-1673581Plan #068PY 2017

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

Other plans on this EIN

10 filings

#049Retirement-$5.82B assets #001Retirement-$4.56B assets #050Retirement-$3.45B assets #070Retirement-$2.89B assets #002Retirement-$1.92B assets #012Retirement-$1.75B assets #013Retirement-$1.70B assets #069Retirement-$1.62B assets #025Retirement-$44.9M assets #072Retirement-$43.4M assets

Prospect flagsFailed 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)

$1307.7M

+209.7% from 2016

Total participants

15,978

+229.2% from 2016

Average account balance

$83,992

-5.3% from 2016

Annual return

198.85%

+198.85 pp from 2016

Benchmarks

See 88 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort88 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$7.91B

Not enough data

1 years with asset history on file

Average account balance

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

$181K

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.

43,639

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.

94.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$404.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+13.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$56

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 INSTITUTIONAL2+ years Filed as: FIDELITY INV. INST. OPS. CO. Service code 13 · EIN 04-2647786	Contract Administrator	$378,814
STRATEGIC ADVISORS, INC.2+ years Filed as: STRATEGIC ADVISERS, INC Service code 26 · EIN 04-2654524	Advisory (Participants)	$164,641
KPMG LLP1 year Service code 10 · EIN 13-5565207	Accounting	$100,000
AON CONSULTING1 year Filed as: AON CONSULTING, INC. Service code 17 · EIN 22-2232264	Pension Consulting	$37,572
CROWE LLP1 year Filed as: CROWE HORWATH LLP Service code 10 · EIN 35-0921680	Accounting	$19,025
EVERCORE TRUST COMPANY1 year Filed as: EVERCORE TRUST COMPANY, N.A. Service code 28 · EIN 26-4691954	Investment Management	$12,140
WEALTH MANAGEMENT SYSTEMS INC2+ years Filed as: WEALTH MANAGEMENT SYSTEMS, INC. Service code 49 · EIN 22-3734996	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2I2J2K2O2R2S2T3F3H

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)).

Opportunity flags

2 tripped

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

$677K

$48 / participant

Investment mgmt$177K26.1%
Contract admin$340K50.2%
Other / not subdivided$160K23.7%

% of EOY assets

0.052%

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

$83,992

$136,209-38.3%

$82,312+2.0%

$80,976+3.7%

Participation rate

97.1%

88.0%+9.1pp

76.9%+20.2pp

68.3%+28.9pp

Annual return

198.85%

21.54%+177.3pp

25.88%+173.0pp

22.91%+175.9pp

Employer contribution / active EE

$1,848

$3,633-49.1%

$2,428-23.9%

$2,402-23.1%

Participant deferral / active EE

$4,704

$6,693-29.7%

$3,706+26.9%

$3,848+22.2%

Admin fee / account holder

$44

$62-30.0%

$5,608-99.2%

$67-35.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

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

Service code 13 · EIN 04-2647786

Contract Administrator

$378,814

STRATEGIC ADVISORS, INC.2+ years

Filed as: STRATEGIC ADVISERS, INC

Service code 26 · EIN 04-2654524

Advisory (Participants)

$164,641

KPMG LLP1 year

Service code 10 · EIN 13-5565207

Accounting

$100,000

AON CONSULTING1 year

Filed as: AON CONSULTING, INC.

Service code 17 · EIN 22-2232264

Pension Consulting

$37,572

CROWE LLP1 year

Filed as: CROWE HORWATH LLP

Service code 10 · EIN 35-0921680

Accounting

$19,025

EVERCORE TRUST COMPANY1 year

Filed as: EVERCORE TRUST COMPANY, N.A.

Service code 28 · EIN 26-4691954

Investment Management

$12,140

WEALTH MANAGEMENT SYSTEMS INC2+ years

Filed as: WEALTH MANAGEMENT SYSTEMS, INC.

Service code 49 · EIN 22-3734996

Other Services

GENERAL DYNAMICS CORPORATION 401(K) PLAN 3.5

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 3.5

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