Illinois › Manufacturing › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
GE Healthcare Retirement Savings 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.
GE Healthcare Technologies Inc. of Chicago, Illinois sponsors GE Healthcare Retirement Savings Plan, a 401(k) plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 52,701 participants (16,733 active) and $10.5B in net assets.
Net assets came to $199,675 per participant, well above the $62,774 median for defined contribution plans with 25,000 or more participants and well above the $62,303 median for defined contribution 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.
The employer contributed $129M during the year, or $7,681 per active participant against a same-size median of $2,417; participants contributed $225M and $45.4M arrived as rollovers and other contributions. Benefits paid out totalled $1.17B.
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 $209K.
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $199,675 | $62,774 | $62,303 | $53,102 |
| Employer contributions per active participant | $7,681 | $2,417 | $2,187 | $2,175 |
| Schedule C compensation per participant | — | $36.41 | $136 | $123 |
| Schedule C compensation, share of net assets | — | 0.07% | 0.24% | 0.26% |
| Administrative expenses per participant | $3.97 | $38.81 | $131 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 25,000 or more participants (608 plans), manufacturing (11,377) and all US plans (63,460). 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 | 52,701 | $10.5B | $199,675 | $129M | $225M | $0 |
| 2023 | 54,636 | $9.80B | $179,428 | $122M | $205M | $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$9,803,222,366
- Employer contributions$128,530,684
- Participant contributions$224,551,917
- Rollovers and other contributions$45,417,427
- Total contributions$398,500,028
- Total income, including investment results$1,792,619,386
- Benefits paid$1,173,500,060
- Administrative expenses$209,000
- Total expenses$1,173,950,955
- Net income$618,668,431
- Net transfers$101,171,700
- Net assets, end of year$10,523,062,497
Participants
- Active participants16,733
- Retired or separated, receiving benefits4,369
- Retired or separated, entitled to future benefits31,259
- Participants with account balances51,760
- Total participants, end of year52,701
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
- Recordkeeping fees$209,000
- Total administrative expenses$209,000
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.
- Common/collective trusts$10.2B · 96.7%
- 103-12 investment entities$155M · 1.5%
- Registered investment companies (mutual funds)$77.6M · 0.7%
- Participant loans$54.7M · 0.5%
- Receivables$52.2M · 0.5%
- Other investments$3.7M · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmDeloitte & Touche LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $20,000,000
- 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
2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2S401(k) plan or 403(b) plan that provides for automatic enrollment2TTotal or partial participant-directed account plan with a default investment account
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 Pension Plan | 93,650 | $13.7B |
| GE Healthcare Legacy Affiliates Pension Plan | 10,569 | $659M |
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Abbott Laboratories Stock Retirement Plan | Abbott Laboratories | 61,408 | $17.8B | $290,532 |
| Abbvie Savings Plan | Abbvie Inc. | 39,371 | $13.4B | $340,042 |
| Schneider Electric 401(k) Plan | Schneider Electric Holdings, Inc. | 29,760 | $5.06B | $170,176 |
| Conagra Brands Retirement Income Savings Plan | Conagra Brands, Inc. | 28,863 | $1.74B | $60,182 |
| Itw Savings and Investment Plan | Illinois Tool Works Inc. | 27,157 | $4.19B | $154,334 |
| John Deere Savings and Investment Plan | Deere & Company | 26,538 | $12.9B | $487,254 |
Defined contribution plans in manufacturing closest in size.
Questions and answers
How big is GE Healthcare Retirement Savings Plan?
52,701 participants at the end of the plan year ending 31 Dec 2024, of whom 16,733 were active employees, with net assets of $10,523,062,497. Among defined contribution plans that places it in the 25,000 or more participants band, which held 608 plans in plan year 2024.
What does GE Healthcare Technologies Inc. contribute per participant?
The filing reports $128,530,684 in employer contributions for the year, which is $7,681 per active participant; the median for plans of the same type and size was $2,417 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 $209,000. 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.. 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 15 Oct 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 002, received 15 Oct 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.