401(k) · DOL Form 5500 · 2022

General Dynamics Corporation 401(k) Plan

Data updated 2026-08-11

$90M
Total assets
346
Participants
92nd
Percentile by assets
$259,368
Avg per participant
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Official DOL plan name: Praxis Engineering Technologies, Inc. 401(k) Plan · Sponsored by General Dynamics Corporation · Virginia · Manufacturing

$90M in assets, 346 participants

General Dynamics Corporation's Praxis Engineering Technologies, Inc. 401(k) Plan reported $90M in total assets and 346 participants in its 2022 DOL Form 5500 filing, ranking in the 92nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 92nd percentile by assets (of 139,126 plans)
  • #18,137 in Manufacturing (20,602 peers)

Coverage in Virginia

Praxis Engineering Technologies, Inc. 401(k) Plan covers 346 participants in Virginia, about 44% of the average Virginia filer (state average ~782 per filing). Assets: $90M.

$90M
total plan assets (2022 EOY)
346
covered participants
92nd
percentile by assets (of 139,126 plans)
$259,368
avg assets per participant

The plan reported a net loss of $22M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Praxis Engineering Technologies, Inc. 401(k) Plan sits by total assets

Praxis Engineering Technologies, Inc. 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$89,741,386 Top 8% higher than 92% of 139,123 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

State
Virginia
Industry
Manufacturing

Participants vs Virginia filers

In Virginia, the average filing covers about 782 participants across 3,655 plans. Praxis Engineering Technologies, Inc. 401(k) Plan reports 346 participants - about 44% of that state average ($90M EOY assets).

Virginia filing particulars

Total Assets (Beginning of Year)$112M
Net Assets (End of Year)$90M
Net Income-$22M
Employer EIN131673581
Plan Effective Date2002-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (General Dynamics Corporation)

$28B$30B$32B$34B 202220232024 $29.9B $33.4B ▲ +12.0%
Total plan assets by year, all General Dynamics Corporation plans on file
Year Plans Participants Total Assets
2022 16 107,750 $29.9B
2023 14 115,717 $32.7B
2024 11 111,719 $33.4B

Nearby 401(k) Plans in Virginia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Praxis Engineering Technologies, Inc. 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants

Praxis Engineering Technologies, Inc. 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000 -10010203040 Total assets ($B) Participants Praxis Engineering T…Northrop Grumman Sav…401(k) Pension PlanGeneral Dynamics Cor…Leidos, Inc. Retirem…Bae Systems Employee…
Praxis Engineering Technologies, Inc. 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Praxis Engineering Technologies, Inc. 40… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Praxis Engineering Technologies, Inc. 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Praxis Engineering Technologies, Inc. 401(k) Plan assets move in 2022? ▼
Praxis Engineering Technologies, Inc. 401(k) Plan declined sharply - down 19.9% during 2022, from $112M to $90M. Reported net income was -$22M.
How have General Dynamics Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), General Dynamics Corporation's sponsor-wide assets grew 12.0%, from $29.9B to $33.4B.
Where does Praxis Engineering Technologies, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Praxis Engineering Technologies, Inc. 401(k) Plan ranks in the 92nd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Praxis Engineering Technologies, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Peet's Coffee & Tea, LLC Savings & Retirement Plan in CA ($90M, 4,536 participants).

Next read for Praxis Engineering Technologies, Inc. 40…

Filing takeaways

Ways to act on Praxis Engineering Technologies, Inc. 401(k) Plan's numbers.

  • By total assets, Praxis Engineering Technologies, Inc. 401(k) Plan ranks in the top 10% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in Virginia. Compare plans
  • General Dynamics Corporation's sponsor-wide assets have grown 12.0% since 2022 across 3 plan years on file. More Manufacturing plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 131673581.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.