Illinois › Manufacturing › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
GE Healthcare Pension Plan
Sponsored by GE Healthcare Technologies Inc., Chicago, IL
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 31 Dec 2024, GE Healthcare Pension Plan covered 93,650 participants and held $13.7B in net assets. The plan is a defined benefit pension plan sponsored by GE Healthcare Technologies Inc. of Chicago, Illinois.
Net assets came to $146,722 per participant, well above the $88,040 median for defined benefit plans with 25,000 or more 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.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $2.6M: $27.82 per participant, well below the same-size median of $143. Administrative expenses charged to the plan were $76.8M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
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 | $146,722 | $88,040 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $6,524 | $6,915 | $10,244 |
| Schedule C compensation per participant | $27.82 | $143 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.02% | 0.26% | 0.47% | 0.42% |
| Administrative expenses per participant | $821 | $306 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 25,000 or more participants (215 plans), manufacturing (1,532) and all US plans (5,308). Fee medians cover plans that report an amount.
Statement for the year
- Net assets, beginning of year$14,789,759,517
- Employer contributions—
- Participant contributions$3,870,617
- Rollovers and other contributions—
- Total contributions$3,870,617
- Total income, including investment results$125,655,422
- Benefits paid$1,098,043,822
- Administrative expenses$76,841,807
- Total expenses$1,174,885,629
- Net income−$1,049,230,207
- Net transfers$0
- Net assets, end of year$13,740,529,310
Participants
- Active participants5,008
- Retired or separated, receiving benefits51,926
- Retired or separated, entitled to future benefits26,782
- Total participants, end of year93,650
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Fidelity Management Trust | Recordkeeping and information management | $2,371,190 | $0 |
| Deloitte & Touche LLP | Accounting (including auditing) | $94,099 | $0 |
| Willis Towers Watson US LLC | Actuarial | $67,208 | $0 |
| State Street Bank and Trust | Custodial (securities) | $66,725 | $0 |
| Atessa Benefits | Accounting (including auditing); Recordkeeping and information management | $5,971 | $0 |
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
- Other administrative expenses$74,236,614
- Contract administrator fees$2,371,190
- IQPA audit fees$100,070
- Actuarial fees$67,208
- Trustee and custodial fees$66,725
- Total administrative expenses$76,841,807
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.
- Master trust investment accounts$13.7B · 99.3%
- Cash (interest and non-interest bearing)$90.3M · 0.7%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmDeloitte & Touche LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $2,000,000
- Blackout period during the year—
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 related3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 339110: Medical Equipment & Supplies Mfg.
Other plans of GE Healthcare Technologies Inc.
| Plan | Participants | Net assets |
|---|---|---|
| GE Healthcare Retirement Savings Plan | 52,701 | $10.5B |
| GE Healthcare Legacy Affiliates Pension Plan | 10,569 | $659M |
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| John Deere Pension Plan for Salaried Employees | Deere & Company | 34,156 | $8.72B | $255,399 |
| Abbott Laboratories Annuity Retirement Plan | Abbott Laboratories | 30,365 | $8.59B | $282,820 |
| John Deere Pension Plan for Wage Employees | Deere & Company | 29,364 | $4.12B | $140,218 |
| Graphic Communications National Pension Fund | Board of Trustees of Gc-Npf | 26,608 | $1.54B | $58,002 |
| Abbott - Abbvie Multiple Employer Pension Plan | Abbott Laboratories | 23,300 | $4.22B | $180,954 |
| Conagra Brands, Inc. Pension Plan | Conagra Brands, Inc. | 23,164 | $1.80B | $77,521 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is GE Healthcare Pension Plan?
93,650 participants at the end of the plan year ending 31 Dec 2024, of whom 5,008 were active employees, with net assets of $13,740,529,310. Among defined benefit plans that places it in the 25,000 or more participants band, which held 215 plans in plan year 2024.
What does GE Healthcare Technologies Inc. contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $2,605,193 in compensation to service provider organisations, $27.82 per participant or 0.02% of net assets. The same-size median among plans reporting any Schedule C compensation was $143 per participant. Administrative expenses on Schedule H were $76,841,807. 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 GE Healthcare Technologies Inc.. Recordkeeping or administration: Fidelity Management Trust and Atessa Benefits. Trustee or custodian: State Street Bank and Trust. The financial statements were audited by Deloitte & Touche 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 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 22 Dec 2025. 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 88-2515116, plan 001, received 22 Dec 2025; 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.