Plan Snapshot
- Plan Sponsor: General Electric Company, Operating As Ge Aerospace
- Sponsor EIN: 140689340
- Sponsor Address: 1 NEUMANN WAY, EVENDALE, OH, 45215
- Plan Type: Health & Welfare
- Plan Number: 551
- Total Participants: 28,214
- Total Assets: $73.0M
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 | 28,214 | $73.0M | $204.9M | $128.2M |
| 2023 | 40,206 | $87.4M | $275.8M | $165.7M |
| 2022 | 37,932 | $80.1M | $229.5M | $167.0M |
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 |
|---|---|---|---|---|
| UNITEDHEALTHCARE SERVICES, INC. | Other Service Provider | $3,754,733 | — | $3,754,733 |
| CREDENCE | Other Service Provider | $2,608,742 | — | $2,608,742 |
| OPTUMHEALTHCARE SOLUTIONS INC. | Other Service Provider | $1,291,947 | — | $1,291,947 |
| UNITED BEHAVORIAL HEALTH DBA OPTUM | Other Service Provider | $1,249,271 | — | $1,249,271 |
| AETNA LIFE INSURANCE COMPANY | Other Service Provider | $964,076 | — | $964,076 |
| ALIGHT HOLDING COMPANY, LLC | Recordkeeper | $779,707 | — | $779,707 |
| HEXAWARE TECHNOLOGIES, INC. | Other Service Provider | $219,863 | — | $219,863 |
| NEW LIFE SOLUTIONS INC. | Other Service Provider | $141,972 | — | $141,972 |
| WAGEWORKS | Other Service Provider | $125,082 | — | $125,082 |
| WAGEWORKS, INC | Other Service Provider | $90,336 | — | $90,336 |
| VELOCITY | Other Service Provider | $21,954 | — | $21,954 |
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: $11,247,683
- Estimated Expense Ratio: 15.410% 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 | $11,247,682 | — | $11,247,682 | — | — |
| 2023 | $15,003,717 | — | $15,003,717 | — | — |
| 2022 | $14,580,013 | — | $14,580,013 | — | — |