Plan Snapshot
- Plan Sponsor: Glaxosmithkline LLC
- Sponsor EIN: 231099050
- Sponsor Address: FMC TOWER AT CIRA CENTRE SOUTH, PHILADELPHIA, PA, 19104
- Plan Type: DB
- Total Participants: 7,110
- Total Assets: $2.9B
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 | 7,110 | $2.9B | $131.0M | $0 |
| 2023 | 7,793 | $2.9B | $195.0M | $0 |
| 2022 | 8,515 | $2.8B | $120.0M | $0 |
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 |
|---|---|---|---|---|
| DELOITTE & TOUCHE LLP | Auditor | $87,765 | — | $87,765 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DELOITTE & TOUCHE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,765
- Estimated Expense Ratio: 0.003% 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 | $14,574,315 | $2,881,721 | $2,610,652 | $87,765 | — |
| 2023 | $40,057,810 | $3,679,313 | $2,117,733 | $85,425 | — |
| 2022 | $29,329,796 | $3,828,980 | $2,474,030 | — | $484,206 |