Plan Snapshot
- Plan Sponsor: Glaxosmithkline LLC
- Sponsor EIN: 231099050
- Sponsor Address: FMC TOWER AT CIRA CENTRE SOUTH, PHILADELPHIA, PA, 19104
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 21,352
- Total Assets: $10.0B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 21,352 | $10.0B | $0 | $0 |
| 2024 | 12,254 | $8.8B | $252.3M | $203.9M |
| 2023 | 12,463 | $8.1B | $238.9M | $196.5M |
| 2022 | 11,917 | $7.0B | $235.6M | $194.6M |
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 |
|---|---|---|---|---|
| ALIGHT FINANCIAL ADVISORS LLC | Other Service Provider | $3,684,591 | — | $3,684,591 |
| DODGE & COX | Other Service Provider | $2,351,784 | — | $2,351,784 |
| BLACKROCK ADVISORS LLC | Other Service Provider | $1,137,334 | — | $1,137,334 |
| STATE STREET GLOBAL ADVISORS | Custodian / Trustee | $652,222 | — | $652,222 |
| GSAM STABLE VALUE, LLC | Other Service Provider | $329,609 | — | $329,609 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,155,540
- Estimated Expense Ratio: 0.082% 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 |
|---|---|---|---|---|---|
| 2025 | $834,126,862 | $4,467,743 | $3,554,480 | — | — |
| 2024 | $7,598,781 | $4,333,401 | $3,261,497 | — | — |
| 2023 | $7,370,708 | $3,988,405 | $2,888,266 | — | — |
| 2022 | $7,134,425 | $4,154,522 | $2,979,903 | — | — |