Plan Snapshot
- Plan Sponsor: General Dynamics Corporation
- Sponsor EIN: 131673581
- Sponsor Address: 11011 SUNSET HILLS ROAD, RESTON, VA, 201905311
- Plan Type: 401(k)
- Total Participants: 52,307
- Total Assets: $12.4B
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 | 52,307 | $12.4B | $325.5M | $494.0M |
| 2023 | 49,414 | $11.2B | $288.8M | $442.9M |
| 2022 | 48,860 | $9.6B | $228.2M | $362.2M |
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 ADVISORS, INC. | INV. ADV. TO PARTICIPANT | $2,401,042 | — | $2,401,042 |
| FIDELITY INV. INST. OPS. CO. LLC | RECORDKEEPER AND TRUSTEE | $1,606,050 | — | $1,606,050 |
| KPMG LLP | PLAN AUDITOR | $247,470 | — | $247,470 |
| AON CONSULTING, INC. | CONSULTING (PENSION) | $157,089 | — | $157,089 |
| JENNER & BLOCK LLP | LEGAL | $145,441 | — | $145,441 |
| NEWPORT TRUST COMPANY | TRUSTEE OF GD STOCK FUND | $94,793 | — | $94,793 |
| MCCONNELL & JONES LLP | PRAXIS PLAN AUDITOR | $23,350 | — | $23,350 |
| CROWE LLP | FINANCIAL STATEMENT PREP | $18,883 | — | $18,883 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — INV. ADV. TO PARTICIPANT
- FIDELITY INV. INST. OPS. CO. LLC — RECORDKEEPER AND TRUSTEE
- KPMG LLP — PLAN AUDITOR
- AON CONSULTING, INC. — CONSULTING (PENSION)
- JENNER & BLOCK LLP — LEGAL
- MCCONNELL & JONES LLP — PRAXIS PLAN AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,694,118
- Estimated Expense Ratio: 0.038% 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 | $4,694,118 | $2,401,042 | $1,606,050 | $270,820 | — |
| 2023 | $3,708,737 | $2,006,324 | $1,008,114 | $239,844 | — |
| 2022 | $4,284,259 | $1,645,788 | $2,329,352 | — | $162,935 |