Plan Ledger DOL Form 5500 · updated monthly

General Motors LLC401(k)

GENERAL MOTORS RETIREMENT SAVINGS PLAN FOR SALARIED EMPLOYEES IN THE UNITED STATES · DETROIT, MI · plan year 2024

Employer contribution per participant · 2024
$13,545

General Motors LLC's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $23,059,166,800 across 65,202 participant accounts, with employer contributions averaging $13,545 per active participant. See methodology for what Form 5500 does and doesn't capture.

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 1st-largest of 2,619 plans among Michigan employers on file, and the 11th of 13,661 in manufacturing. In 2024, employees put in $1.31 for every $1.00 the employer contributed; active participation has shrunk from 47,305 to 41,023 since 2022.

Plan summary
Net assets, end of year$23,059,166,800
Participants with balances65,202
Active participants41,023
Employer contributions$555,641,606
Employee contributions$729,753,216
Employer contribution per active participant$13,545
Average account balance$353,657
Benefits paid to participants$2,169,714,872
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.1B · 65,202 accts · $555.6M emplr
2023$20.4B · 67,103 accts · $491.0M emplr
2022$18.1B · 68,725 accts · $497.8M emplr
The General Motors LLC 401(k) match · 2024
Employer contribution per active participant$13,545
Median for plans this size$5,259
2024$13,545 per active participant
2023$11,404 per active participant
2022$10,524 per active participant

General Motors LLC's 2024 employer contribution ran above the $5,259 median for plans its size, placing it in the top quarter of its peers. 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
All plans at this employer2
GENERAL MOTORS RETIREMENT SAVINGS PLAN FOR SALARIED EMPLOYEES IN THE UNITED STATES401(k)
THE GENERAL MOTORS PERSONAL SAVINGS PLAN FOR HOURLY-RATE EMPLOYEES IN THE UNITED STATES401(k)
Same employer
Similar plansManufacturing · Michigan
General Electric Company OH$24.8B · 0.01%
Apple Inc. CA$24.7B · 0.03%
Johnson and Johnson NJ$23.6B · 0.18%
Caterpillar Inc. TX$23.0B · 0.04%
Pfizer Inc NY$22.0B · 0.05%
Chevron Corporation CA$20.4B · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270383222 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.