Defined Benefit (Pension) · DOL Form 5500 · 2022
General Dynamics Corporation Pension Plan
Data updated 2026-08-11
- $485M
- Total assets
- 1,662
- Participants
- 98th
- Percentile by assets
- $291,707
- Avg per participant
Official DOL plan name: General Dynamics Retirement Plan (Bath Iron Works) · Sponsored by General Dynamics Corporation · Virginia · Manufacturing
$485M in assets, 1,662 participants
General Dynamics Corporation's General Dynamics Retirement Plan (Bath Iron Works) reported $485M in total assets and 1,662 participants in its 2022 DOL Form 5500 filing, ranking in the 98th 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.
- 98th percentile by assets (of 139,126 plans)
- #19,849 in Manufacturing (20,602 peers)
Coverage in Virginia
General Dynamics Retirement Plan (Bath Iron Works) covers 1,662 participants in Virginia, 2.1x the typical Virginia plan (state average ~782 per filing). Assets: $485M.
- $485M
- total plan assets (2022 EOY)
- 1,662
- covered participants
- 98th
- percentile by assets (of 139,126 plans)
- $291,707
- avg assets per participant
The plan reported a net loss of $165M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Virginia filers
In Virginia, the average filing covers about 782 participants across 3,655 plans. General Dynamics Retirement Plan (Bath Iron Works) reports 1,662 participants - 2.1x that state average ($485M EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $652M |
|---|---|
| Net Assets (End of Year) | $480M |
| Net Income | -$165M |
| Employer EIN | 131673581 |
| Plan Effective Date | 2019-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (General Dynamics Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 16 | 107,750 | $29.9B |
| 2023 | 14 | 115,717 | $32.7B |
| 2024 | 11 | 111,719 | $33.4B |
Nearby Defined Benefit (Pension) Plans in Virginia
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
General Dynamics Retirement Plan (Bath Iron Works) vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
- Northrop Grumman Pension Plan $18.3B · 14,867
- Retirement Security Plan $9.4B · 54,531
- Ng Space&mission Systems Corp Salaried Pension Pla $8.1B · 7,799
- Dominion Energy Pension Plan $7.3B · 12,832
- Sheet Metal Workers' National Pension Fund $7.2B · 61,068
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to General Dynamics Retirement Plan (Bath Iron Works) by total assets, not by location.
- Retirement Income Plan for Employees of Ugi Utilities, Inc. (PA) $484M · 639
- Huntsman Defined Benefit Pension Plan (TX) $483M · 687
- IBEW Local 1249 Pension Plan (NY) $486M · 2,964
- Employees' Retirement Plan of Ametek, Inc. (PA) $483M · 214
Frequently Asked Questions
How did General Dynamics Retirement Plan (Bath Iron Works) assets move in 2022? ▼
How have General Dynamics Corporation plan assets changed over time? ▼
Where does General Dynamics Retirement Plan (Bath Iron Works) rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to General Dynamics Retirement Plan (Bath Iron Works)? ▼
Next read for General Dynamics Retirement Plan (Bath I…
Filing takeaways
Ways to act on General Dynamics Retirement Plan (Bath Iron Works)'s numbers.
- By total assets, General Dynamics Retirement Plan (Bath Iron Works) ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) 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