# General Electric Company, Operating As Ge Aerospace Health & Welfare Plan
Source: https://planprovider.pro/companies/general-electric-company-operating-as-ge-aerospace-140689340-551

> General Electric Company, Operating As Ge Aerospace's Health & Welfare plan: 28,214 participants, plan year 2024 financials, providers, and benchmarks from F…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/alight-solutions) — 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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/general-electric-company-operating-as-ge-aerospace-140689340-551)

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