Michigan › Manufacturing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Oct 2024 to 30 Sep 2025
General Motors Salaried Retirement Program
Sponsored by General Motors LLC, Detroit, MI
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 30 Sep 2025, General Motors Salaried Retirement Program covered 24,871 participants and held $3.46B in net assets. The plan is a cash balance pension plan sponsored by General Motors LLC of Detroit, Michigan.
Net assets came to $139,203 per participant, well above the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and well above the $67,961 median for defined benefit plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $260M for the year ($33,184 per active participant) and benefits paid were $1.05B. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were $36.4M.
Across the filings on record, net assets went from $6.11B in 2012 to $3.46B in 2024 (down 43%), and participants from 51,183 to 24,871 (down 51%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $139,203 | $87,623 | $67,961 | $86,221 |
| Employer contributions per active participant | $33,184 | $9,468 | $6,915 | $10,244 |
| Schedule C compensation per participant | — | $232 | $299 | $344 |
| Schedule C compensation, share of net assets | — | 0.30% | 0.47% | 0.42% |
| Administrative expenses per participant | $1,463 | $396 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 plans), manufacturing (1,532) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 24,871 | $3.46B | $139,203 | $260M | — | $0 |
| 2023 | 31,932 | $4.09B | $127,996 | $200M | — | $0 |
| 2022 | 33,036 | $3.81B | $115,323 | $275M | — | $0 |
| 2021 | 35,167 | $4.29B | $121,888 | — | — | $0 |
| 2020 | 36,690 | $6.21B | $169,347 | — | — | $0 |
| 2019 | 38,129 | $6.42B | $168,345 | $0 | — | $0 |
| 2018 | 39,341 | $6.22B | $158,130 | — | — | $0 |
| 2017 | 41,272 | $6.21B | $150,568 | — | — | $0 |
| 2016 | 42,596 | $6.59B | $154,794 | $302K | — | $0 |
| 2015 | 44,206 | $6.73B | $152,168 | — | — | $0 |
| 2014 | 47,931 | $6.36B | $132,781 | — | — | $0 |
| 2013 | 49,565 | $6.41B | $129,425 | — | — | $0 |
| 2012 | 51,183 | $6.11B | $119,436 | — | — | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$4,087,179,473
- Employer contributions$260,000,000
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$260,000,000
- Total income, including investment results$457,020,693
- Benefits paid$1,045,876,721
- Administrative expenses$36,391,778
- Total expenses$1,082,268,499
- Net income−$625,247,806
- Net transfers$178,621
- Net assets, end of year$3,462,110,288
Participants
- Active participants7,835
- Retired or separated, receiving benefits4,779
- Retired or separated, entitled to future benefits11,619
- Participants with account balances0
- Total participants, end of year24,871
Fees and service providers
No service provider organisations are listed on Schedule C for this plan year.
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- IQPA audit fees$25,234,351
- Recordkeeping fees$4,472,533
- Salaries and allowances$3,431,751
- Contract administrator fees$3,253,143
- Total administrative expenses$36,391,778
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- U.S. Government securities$1.21B · 29.3%
- Common/collective trusts$1.02B · 24.8%
- Corporate debt instruments$916M · 22.2%
- Registered investment companies (mutual funds)$559M · 13.6%
- Receivables$198M · 4.8%
- Other investments$122M · 3.0%
- 103-12 investment entities$54.1M · 1.3%
- Other loans$40.2M · 1.0%
- Pooled separate accounts$3.4M · 0.1%
- Master trust investment accounts$1.5M · 0.0%
- Partnership/joint venture interests$695K · 0.0%
- Employer securities$549K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmErnst & Young LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $150,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1CCash balance or similar plan1ECode section 401(h) arrangement3HPlan sponsor(s) is (are) a member(s) of a controlled group1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 336100: Motor Vehicle Mfg.
Other plans of General Motors LLC
| Plan | Participants | Net assets |
|---|---|---|
| General Motors Hourly-Rate Employees Pension Plan | 310,099 | $35.6B |
| The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States | 71,495 | $9.57B |
| General Motors Retirement Savings Plan for Salaried Employees in the United States | 65,343 | $23.1B |
Similar plans in Michigan
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Union Carbide Employees' Pension Plan | Union Carbide Corporation C/o the Dow Chemical Company | 31,806 | $2.13B | $66,818 |
| Whirlpool Tammy Employees Pension Plan | Whirlpool Corporation | 24,197 | $1.75B | $72,162 |
| Dow Employees' Pension Plan | The Dow Chemical Company | 31,955 | $10.7B | $334,598 |
| Fca US LLC Pension Plan | Fca US LLC | 11,869 | $3.73B | $314,389 |
| Ford Motor Company General Retirement Plan | Ford Motor Company | 54,619 | $12.1B | $221,718 |
| Dow Employees' Pension Plan (Personal Pension Account) | The Dow Chemical Company | 11,463 | $401M | $34,985 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is General Motors Salaried Retirement Program?
24,871 participants at the end of the plan year ending 30 Sep 2025, of whom 7,835 were active employees, with net assets of $3,462,110,288. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does General Motors LLC contribute per participant?
The filing reports $260,000,000 in employer contributions for the year, which is $33,184 per active participant; the median for plans of the same type and size was $9,468 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports no provider compensation for the year. Administrative expenses on Schedule H were $36,391,778. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is General Motors LLC. The financial statements were audited by Ernst & Young LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Oct 2024 to 30 Sep 2025, received by the Department of Labor on 13 Jul 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 27-0383222, plan 016, received 13 Jul 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.