Illinois › Health care and social assistance › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
GE Healthcare Legacy Affiliates 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.
GE Healthcare Technologies Inc. of Chicago, Illinois sponsors GE Healthcare Legacy Affiliates Pension Plan, a cash balance pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 10,569 participants (212 active) and $659M in net assets.
Net assets came to $62,396 per participant, well below the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and close to the $62,049 median for defined benefit plans in health care and social assistance. 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 $2.7M for the year ($12,736 per active participant) and benefits paid were $54.4M. 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.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $1.8M: $170 per participant, well below the same-size median of $232. Administrative expenses charged to the plan were $8.3M. 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 | $62,396 | $87,623 | $62,049 | $86,221 |
| Employer contributions per active participant | $12,736 | $9,468 | $7,491 | $10,244 |
| Schedule C compensation per participant | $170 | $232 | $248 | $344 |
| Schedule C compensation, share of net assets | 0.27% | 0.30% | 0.39% | 0.42% |
| Administrative expenses per participant | $788 | $396 | $427 | $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), health care and social assistance (542) 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 | 10,569 | $659M | $62,396 | $2.7M | — | $1.8M |
| 2023 | 10,927 | $714M | $65,303 | — | — | $1.0M |
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$713,563,177
- Employer contributions$2,700,000
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$2,700,000
- Total income, including investment results$8,639,062
- Benefits paid$54,410,281
- Administrative expenses$8,326,318
- Total expenses$62,736,599
- Net income−$54,097,537
- Net transfers$0
- Net assets, end of year$659,465,640
Participants
- Active participants212
- Retired or separated, receiving benefits5,805
- Retired or separated, entitled to future benefits3,488
- Total participants, end of year10,569
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Aon Consulting, Inc. | Actuarial | $1,594,255 | $0 |
| Deloitte & Touche LLP | Accounting (including auditing) | $102,500 | $0 |
| Plante Moran | Accounting (including auditing) | $56,400 | $0 |
| State Street Bank | Trustee (bank, trust company, or similar financial institution) | $22,234 | $0 |
| Global Shareholder Services Inc. | Contract Administrator | $19,013 | $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$6,425,359
- Actuarial fees$1,594,255
- IQPA audit fees$158,900
- Legal fees$106,557
- Trustee and custodial fees$22,234
- Contract administrator fees$19,013
- Total administrative expenses$8,326,318
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$659M · 100.0%
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, $20,000,000
- 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 related1CCash balance or similar plan1IFrozen plan3HPlan 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 621510: Medical & Diagnostic Laboratories.
Other plans of GE Healthcare Technologies Inc.
| Plan | Participants | Net assets |
|---|---|---|
| GE Healthcare Pension Plan | 93,650 | $13.7B |
| GE Healthcare Retirement Savings Plan | 52,701 | $10.5B |
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Rush Retirement Plan | Rush University Medical Center | 15,527 | $879M | $56,613 |
| Northwestern Memorial Hospital Employees' Pension Plan | Northwestern Memorial Hospital | 7,120 | $639M | $89,700 |
| Advocate Aurora Health Pension Plan | Advocate Aurora Health, Inc. | 19,215 | $964M | $50,160 |
| Ann & Robert H. Lurie Children's Hospital of Chicago Value Growth Plan | Children's Hospital of Chicago Medical Center | 3,499 | $144M | $41,033 |
| Unitypoint Health Central Illinois Pension Plan | Methodist Health Services Corporation | 2,951 | $217M | $73,390 |
| Carle Health Central Illinois Pension Plan | The Carle Foundation | 2,935 | $213M | $72,472 |
Defined benefit plans in health care and social assistance closest in size.
Questions and answers
How big is GE Healthcare Legacy Affiliates Pension Plan?
10,569 participants at the end of the plan year ending 31 Dec 2024, of whom 212 were active employees, with net assets of $659,465,640. 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 GE Healthcare Technologies Inc. contribute per participant?
The filing reports $2,700,000 in employer contributions for the year, which is $12,736 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 $1,794,402 in compensation to service provider organisations, $170 per participant or 0.27% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $8,326,318. 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: Global Shareholder Services Inc.. Trustee or custodian: State Street Bank. 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 004, 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.