Plan Ledger DOL Form 5500 · updated monthly

General Atomics401(k)

GENERAL ATOMICS 401(K) RETIREMENT SAVINGS PLAN · SAN DIEGO, CA · plan year 2024

Reported admin expense ratio · 2024
0.06%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

General Atomics reported $1,485,195 in plan administrative expenses for 2024: 0.06% of average plan assets, above the peer median. Employer contributions averaged $4,442 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.09% to 0.06%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other professional & technical services employers. By assets it is the 46th-largest of 9,483 plans among California employers on file, and the 52nd of 11,654 in professional & technical services. In 2024, employees put in $2.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,765,250,189
Participants with balances15,974
Active participants12,686
Employer contributions$56,355,862
Employee contributions$163,079,032
Employer contribution per active participant$4,442
Average account balance$173,109
Benefits paid to participants$172,011,728
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.8B · 15,974 accts · $56.4M emplr
2023$2.4B · 15,702 accts · $51.9M emplr
2022$2.0B · 15,948 accts · $48.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$316,068
Investment management$1,137,455
Audit (IQPA)$31,672
Total administrative$1,485,195
The General Atomics 401(k) match · 2024
Employer contribution per active participant$4,442
Median for plans this size$5,259
2024$4,442 per active participant
2023$4,241 per active participant
2022$4,023 per active participant

General Atomics's 2024 employer contribution ran below the $5,259 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20248
EMPOWER ANNUITY INS CO OF AMERICA · Recordkeeping · Loan processing$316,068
EMPOWER ADVISORY GROUP, LLC · Investment advisory (participants)$1,077,453
SAGEVIEW ADVISORY GROUP LLC · Investment advisory (plan)$60,000
CBIZ CPAS P.C. · Accounting / audit$31,672
ENVESTNET ASSET MGMT INC.$15,984
CREATIVE CAPITAL MGMT INVESTMENTS$10,739
CHARLES SCHWAB & CO., INC. · Investment advisory (participants) · Securities brokerage$8,485
OAK SUMMIT WEALTH MGMT INV.$6,569

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Empower
2023Empower, Vanguard

This plan has changed recordkeepers within these filings. If you left General Atomics before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,485,195 · 0.06%
2023$1,263,451 · 0.06%
2022$1,960,517 · 0.09%
Same employer
Similar plansProfessional & Technical Services · California
Vmware, Inc. CA$4.1B · 0.01%
Latham & Watkins LLP CA$3.1B · 0.05%
Synopsys, Inc. CA$2.7B · 0.03%
Workday, Inc. CA$2.6B · 0.06%
Paypal Holdings, Inc. CA$2.2B · 0.03%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 953735102 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.