General Motors LLC 401(k) Review & Grade
The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States
Detroit, MIManufacturing44,630 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,127Employer $ per active participant
$8,487Employee $ saved per active participant
$0 reportedDirect admin cost, % of plan assets
$9.6BNet plan assets, end of year
$136,685Average balance per account
Score breakdown
- Employer generosity23.3 / 5047th percentile for employer $ per participant
- Low cost12.5 / 25No direct expenses reported, scored neutral
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | neutral |
| Employee saving | 49th |
| Peers that auto-enroll | 69% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- General Motors put in about $5,127 per active participant, below the typical peer ($5,480). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- The plan reported no administrative expenses paid from plan assets. The employer may pay them, or the costs may be built into fund fees. Check your 404(a)(5) fee disclosure for each fund's expense ratio.
- 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 | $228,808,655 |
| Participant (employee) contributions | $378,783,146 |
| Other contributions (incl. rollovers in) | $16,447,095 |
| Administrative expenses paid from the plan | $0 |
| Benefits paid out | $920,762,412 |
| Net assets, start / end of year | $8.6B / $9.6B |
| Active participants, start / end of year | 42,513 / 46,747 |
| Participants with account balances | 70,003 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young LLP |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007121522NAL0007872496001, received 2025-10-07, EIN 27-0383222, plan #014, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.