Retirement plan

GENERAL DYNAMICS CORPORATION 401(K) PLAN 4.0

Name: GENERAL DYNAMICS CORPORATION - GENERAL DYNAMICS CORPORATION 401(K) PLAN 4.0 (2020) 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 4.0, GENERAL DYNAMICS CORPORATION

GENERAL DYNAMICS CORPORATIONEIN 13-1673581Plan #068PY 2020

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

Other plans on this EIN

10 filings

#069Retirement-$8.19B assets #001Retirement-$3.98B assets #070Retirement-$3.39B assets #050Retirement-$2.55B assets #079Retirement-$2.29B assets #002Retirement-$2.22B assets #013Retirement-$1.64B assets #012Retirement-$1.47B assets #049Retirement-$1.29B assets #071Retirement-$820.5M 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)

$3843.8M

+12.1% from 2019

Total participants

38,301

+20.5% from 2019

Average account balance

$103,730

-43.8% from 2019

Annual return

14.42%

-155.81 pp from 2019

Benchmarks

See 86 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort86 peers

Snapshot2020

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$8.69B

Not enough data

1 years with asset history on file

Average account balance

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

$205K

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.

42,326

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.

94.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$428.47M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+16.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$51

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 10 of 11 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	$1,245,420
STRATEGIC ADVISORS, INC.5+ years Filed as: STRATEGIC ADVISERS, INC Service code 26 · EIN 04-2654524	Advisory (Participants)	$424,164
AON CONSULTING4 years Filed as: AON CONSULTING, INC. Service code 17 · EIN 22-2232264	Pension Consulting	$143,405
KPMG LLP4 years Service code 10 · EIN 13-5565207	Accounting	$130,000
THE BANK OF NEW YORK MELLON1 year Filed as: BANK OF NEW YORK MELLON Service code 21 · EIN 13-5160382	Bank Trustee	$55,317
CROWE LLP3 years Service code 10 · EIN 35-0921680	Accounting	$38,374
JENNER & BLOCK LLP1 year Service code 29 · EIN 36-2192554	Legal	$27,227
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: MCCONNELL & JONES LLP Service code 10 · EIN 76-0488832	Accounting	$25,500
NEWPORT GROUP, INC.3 years Filed as: NEWPORT TRUST COMPANY Service code 28 · EIN 27-4411131	Investment Management	$16,009
MERCER1 year Filed as: MERCER US INC. Service code 17 · EIN 13-2834414	Pension Consulting	$8,554

Plan features & details

Pension benefit codes2E2F2G2I2J2K2O2R2S2T3F3H3J

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)).
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

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

$2.1M

$80 / participant

Investment mgmt$440K20.8%
Contract admin$1M61.5%
Other / not subdivided$374K17.7%

% of EOY assets

0.055%

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

$103,730

$164,350-36.9%

$95,952+8.1%

$106,222-2.3%

Participation rate

95.3%

90.5%+4.8pp

77.1%+18.2pp

70.8%+24.5pp

Annual return

14.42%

14.56%-0.1pp

91.61%-77.2pp

21.69%-7.3pp

Employer contribution / active EE

$3,345

$4,292-22.1%

$2,541+31.7%

$2,723+22.8%

Participant deferral / active EE

$8,085

$7,854+2.9%

$4,167+94.0%

$4,600+75.8%

Admin fee / account holder

$57

$65-12.8%

$6,795-99.2%

$78-27.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

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

Service code 13 · EIN 04-2647786

Contract Administrator

$1,245,420

STRATEGIC ADVISORS, INC.5+ years

Filed as: STRATEGIC ADVISERS, INC

Service code 26 · EIN 04-2654524

Advisory (Participants)

$424,164

AON CONSULTING4 years

Filed as: AON CONSULTING, INC.

Service code 17 · EIN 22-2232264

Pension Consulting

$143,405

KPMG LLP4 years

Service code 10 · EIN 13-5565207

Accounting

$130,000

THE BANK OF NEW YORK MELLON1 year

Filed as: BANK OF NEW YORK MELLON

Service code 21 · EIN 13-5160382

Bank Trustee

$55,317

CROWE LLP3 years

Service code 10 · EIN 35-0921680

Accounting

$38,374

JENNER & BLOCK LLP1 year

Service code 29 · EIN 36-2192554

Legal

$27,227

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: MCCONNELL & JONES LLP

Service code 10 · EIN 76-0488832

Accounting

$25,500

NEWPORT GROUP, INC.3 years

Filed as: NEWPORT TRUST COMPANY

Service code 28 · EIN 27-4411131

Investment Management

$16,009

MERCER1 year

Filed as: MERCER US INC.

Service code 17 · EIN 13-2834414

Pension Consulting

$8,554

GENERAL DYNAMICS CORPORATION 401(K) PLAN 4.0

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 4.0

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