GE Healthcare Technologies Inc. 401(k) Review & Grade
GE Healthcare Retirement Savings Plan
Chicago, ILManufacturing16,474 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,802Employer $ per active participant
$13,630Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$10.5BNet plan assets, end of year
$203,305Average balance per account
Score breakdown
- Employer generosity36.0 / 5072th percentile for employer $ per participant
- Low cost24.8 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score80 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 99th |
| Employee saving | 78th |
| Peers that auto-enroll | 69% |
Red flags from the filing
Corrective distributions: the plan refunded $45,552 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- GE Healthcare Technologies put in about $7,802 per active participant, more than the typical peer ($5,480). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $128,530,684 |
| Participant (employee) contributions | $224,551,917 |
| Other contributions (incl. rollovers in) | $45,417,427 |
| Administrative expenses paid from the plan | $209,000 |
| Benefits paid out | $1,173,500,060 |
| Net assets, start / end of year | $9.8B / $10.5B |
| Active participants, start / end of year | 16,216 / 16,733 |
| Participants with account balances | 51,760 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Fid Inv Inst Ops | $209,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015084423NAL0004100641001, received 2025-10-15, EIN 88-2515116, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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