GENERAL DYNAMICS CORPORATION 401(K) PLAN 6.0 · RESTON, VA · plan year 2024
Reported admin expense ratio · 2024
0.04%
Peer grade: B+· admin costs + employer contributions vs same-size plans · how grading works
General Dynamics Corporation reported $4,694,118 in plan administrative expenses for 2024: 0.04% of average plan assets, below the peer median. Employer contributions averaged $6,224 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 0.044% to 0.040%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 3rd-largest of 2,266 plans among Virginia employers on file, and the 29th of 13,661 in manufacturing. In 2024, employees put in $1.52 for every $1.00 the employer contributed.
Plan summary
Net assets, end of year$12,394,482,052
Participants with balances66,926
Active participants52,307
Employer contributions$325,538,546
Employee contributions$494,024,882
Employer contribution per active participant$6,224
The General Dynamics Corporation 401(k) match · 2024
Employer contribution per active participant$6,224
Median for plans this size$5,259
2024$6,224 per active participant
2023$5,844 per active participant
2022$4,671 per active participant
General Dynamics Corporation's 2024 employer contribution ran above 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.
This plan has changed recordkeepers within these filings. If you left General Dynamics Corporation 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$4,694,118 · 0.04%
2023$3,708,737 · 0.04%
2022$4,284,259 · 0.04%
All plans at this employer9
GENERAL DYNAMICS CORPORATION 401(K) PLAN 3.0401(k) + ESOP (KSOP)
GENERAL DYNAMICS CORPORATION 401(K) PLAN FOR REPRESENTED EMPLOYEES401(k) + ESOP (KSOP)
GENERAL DYNAMICS CORPORATION 401(K) PLAN 4.5401(k) + ESOP (KSOP)
GENERAL DYNAMICS CORPORATION 401(K) PLAN 5.0401(k) + ESOP (KSOP)
GENERAL DYNAMICS CORPORATION 401(K) PLAN 4.0401(k) + ESOP (KSOP)
GENERAL DYNAMICS CORPORATION 401(K) PLAN 6.0401(k) + ESOP (KSOP)
SC3 401(K) RETIREMENT SAVINGS PLAN401(k)
PRAXIS ENGINEERING TECHNOLOGIES, INC. 401(K) PLAN401(k)
Source: U.S. Department of Labor, Form 5500 series, EIN 131673581 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.