Plan Snapshot
- Plan Sponsor: General Electric Company, Operating As Ge Aerospace
- Sponsor EIN: 140689340
- Sponsor Address: 1 NEUMANN WAY, EVENDALE, OH, 45215
- Plan Type: 401(k)
- Plan Number: 502
- Total Participants: 45,948
- Total Assets: $12.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 45,948 | $12.5M | $133.1M | $21.3M |
| 2023 | 62,074 | $16.2M | $183.3M | $29.0M |
| 2022 | 59,365 | $18.6M | $154.7M | $27.4M |
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 |
|---|---|---|---|---|
| SEDGWICK CMS | Other Service Provider | $659,411 | — | $659,411 |
| METROPOLITAN LIFE INSURANCE COMPANY | Other Service Provider | $608,533 | — | $608,533 |
| ALIGHT HOLDING COMPANY, LLC | Recordkeeper | $327,264 | — | $327,264 |
| HEXAWARE TECHNOLOGIES, INC. | Other Service Provider | $92,282 | — | $92,282 |
| WAGEWORKS | Other Service Provider | $52,500 | — | $52,500 |
| VELOCITY | Other Service Provider | $9,215 | — | $9,215 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT HOLDING COMPANY, LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,749,205
- Estimated Expense Ratio: 14.001% 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 | $1,920,465 | — | $1,754,355 | — | — |
| 2023 | $2,341,882 | — | $2,159,612 | — | — |
| 2022 | $2,385,456 | — | $2,184,379 | — | — |