Plan Snapshot
- Plan Sponsor: General Dynamics Corporation
- Sponsor EIN: 131673581
- Sponsor Address: 11011 SUNSET HILLS RD, RESTON, VA, 201905311
- Plan Type: 401(k)
- Total Participants: 28,117
- Total Assets: $7.9B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 28,117 | $7.9B | $126.8M | $277.6M |
| 2023 | 27,525 | $7.3B | $121.0M | $264.8M |
| 2022 | 31,038 | $6.4B | $86.7M | $215.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| STRATEGIC ADVISERS, INC | INV ADV TO PARTICIPANTS | $1,014,920 | — | $1,014,920 |
| FIDELITY INV. INST. OPS. CO. LLC | RECORDKEEPER & TRUSTEE / RECORDKEEPER AND TRUSTEE | $923,967 | — | $923,967 |
| KPMG LLP | PLAN AUDITOR | $181,845 | — | $181,845 |
| JENNER & BLOCK LLP | LEGAL | $126,169 | — | $126,169 |
| AON CONSULTING, INC. | CONSULTING (PENSION) | $87,252 | — | $87,252 |
| NEWPORT TRUST COMPANY | TRUSTEE OF GD STOCK FD | $69,118 | — | $69,118 |
| CROWE LLP | FINANCIAL STATEMENT PREP | $18,869 | — | $18,869 |
| MCCONNELL VALDES LLC | ATTORNEY/ LEGAL | $9,728 | — | $9,728 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISERS, INC — INV ADV TO PARTICIPANTS
- FIDELITY INV. INST. OPS. CO. LLC — RECORDKEEPER & TRUSTEE / RECORDKEEPER AND TRUSTEE
- KPMG LLP — PLAN AUDITOR
- JENNER & BLOCK LLP — LEGAL
- AON CONSULTING, INC. — CONSULTING (PENSION)
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,431,868
- Estimated Expense Ratio: 0.031% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $2,431,868 | $1,014,920 | $923,967 | $181,845 | — |
| 2023 | $2,213,889 | $869,758 | $646,332 | $288,156 | — |
| 2022 | $2,453,615 | $564,947 | $1,625,717 | — | $167,932 |