Retirement plan

GSK 401(K) PLAN

Name: GLAXOSMITHKLINE LLC - GSK 401(K) PLAN (2019) Form 5500
Creator: GLAXOSMITHKLINE LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GSK 401(K) PLAN, GLAXOSMITHKLINE LLC

GLAXOSMITHKLINE LLCEIN 23-1099050Plan #002PY 2019

5 CRESCENT DRIVE - PHILADELPHIA, PA 19112919-315-8234

Other plans on this EIN

1 filing

#003Retirement-$3.70B assets

Prospect flagsHigh feesHigh assets / participantCorrective distributions

Top hat statement on fileNQDC

Filed February 3, 2005 (most recent of 3 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)

$7345.8M

+17.0% from 2018

Total participants

23,900

+2.6% from 2018

Average account balance

$308,752

+14.5% from 2018

Annual return

23.08%

+27.87 pp from 2018

Benchmarks

See 50 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort50 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.79B

Not enough data

1 years with asset history on file

Average account balance

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

$405K

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.

21,718

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.

99.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$456.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$37K

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

+14.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$350

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

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

Service providers

Top 6 by compensation

Provider	Service type	Compensation
ALIGHT SOLUTIONS LLC1 year Service code 13 · EIN 36-2235791	Contract Administrator	$2,589,293
DODGE & COX5+ years Service code 28 · EIN 94-1441976	Investment Management	$2,177,115
CRAMER ROSENTHAL MCGLYNN LLC5+ years Service code 28 · EIN 13-3977282	Investment Management	$1,956,334
STATE STREET GLOBAL ADVISORS5+ years Filed as: STATE STREET BANK & TRUST COMPANY Service code 18 · EIN 04-1867445	Float revenue; Investment management ...	$425,057
GOLDMAN SACHS5+ years Filed as: GSAM STABLE VALUE, LLC Service code 28 · EIN 13-3575636	Investment Management	$340,325
ROCATON INVESTMENT ADVISORS, LLC1 year Filed as: ROCATON INVESTMENT ADVISOR, LLC Service code 17 · EIN 04-3638035	Pension Consulting	$280,250

Plan features & details

Pension benefit codes2E2F2G2J2K2O2T3F3H

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.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$7.5M

$502 / participant

Investment mgmt$5M64.3%
Contract admin$3M35.7%

% of EOY assets

0.102%

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: DELOITTE & TOUCHE LLP
Auditor EIN: 133891517
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$308,752

$201,404+53.3%

$93,621+229.8%

$89,609+244.6%

Participation rate

99.3%

87.5%+11.8pp

75.8%+23.4pp

69.6%+29.7pp

Annual return

23.08%

23.05%0pp

32.76%-9.7pp

33.65%-10.6pp

Employer contribution / active EE

$7,418

$6,528+13.6%

$2,719+172.9%

$2,584+187.1%

Participant deferral / active EE

$13,267

$9,208+44.1%

$4,070+226.0%

$4,222+214.2%

Admin fee / account holder

$315

$89+252.2%

$7,890-96.0%

$72+339.4%

Provider

Service type

Compensation

ALIGHT SOLUTIONS LLC1 year

Service code 13 · EIN 36-2235791

Contract Administrator

$2,589,293

DODGE & COX5+ years

Service code 28 · EIN 94-1441976

Investment Management

$2,177,115

CRAMER ROSENTHAL MCGLYNN LLC5+ years

Service code 28 · EIN 13-3977282

Investment Management

$1,956,334

STATE STREET GLOBAL ADVISORS5+ years

Filed as: STATE STREET BANK & TRUST COMPANY

Service code 18 · EIN 04-1867445

Float revenue; Investment management ...

$425,057

GOLDMAN SACHS5+ years

Filed as: GSAM STABLE VALUE, LLC

Service code 28 · EIN 13-3575636

Investment Management

$340,325

ROCATON INVESTMENT ADVISORS, LLC1 year

Filed as: ROCATON INVESTMENT ADVISOR, LLC

Service code 17 · EIN 04-3638035

Pension Consulting

$280,250

GSK 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GSK 401(K) PLAN

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