Defined Benefit (Pension) · DOL Form 5500 · 2022
Glaxosmithkline LLC Pension Plan
Data updated 2026-08-25
- $2.8B
- Total assets Very large vs avg
- 12,358
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $230,084
- Avg per participant Above avg balance/head
Official DOL plan name: Glaxosmithkline Cash Balance Pension Plan · Sponsored by Glaxosmithkline LLC · Pennsylvania · Manufacturing
$2.8B in assets, 12,358 participants
Glaxosmithkline LLC's Glaxosmithkline Cash Balance Pension Plan reported $2.8B in total assets and 12,358 participants in its 2022 DOL Form 5500 filing, ranking in the 100th 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.
- #20,442 in Manufacturing (20,602 peers)
Coverage in Pennsylvania
Glaxosmithkline Cash Balance Pension Plan covers 12,358 participants in Pennsylvania, 15x the typical Pennsylvania plan (state average ~822 per filing). Assets: $2.8B.
- #20,442
- in Manufacturing (20,602 peers)
- -17.5%
- assets change YoY
- 29×
- vs typical plan assets (national mean)
The plan reported a net loss of $589M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Glaxosmithkline Cash Balance Pension Plan's outsized position by total assets
Glaxosmithkline Cash Balance Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$2,843,381,160 Highest reported value at or above every one of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Glaxosmithkline Cash Balance Pension Plan's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Glaxosmithkline Cash Balance Pension Plan is a mega filing (12,358 participants), the rightmost band on the breakdown.
Plan-year Form 5500 strip
Filing strip 231099050 · Glaxosmithkline LLC PY 2022 · Defined Benefit (Pension)
Glaxosmithkline Cash Balance Pension Plan · $2.8B · 12,358 · 100th
- EBSA $2.8B
- PART 12,358
- TYPE 100th
- NET Defined Benefit (Pension)
- BOOK near General Mills Pension Plan
- VS-ST ind #20442
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Pennsylvania →
Glaxosmithkline Cash Balance Pension Plan in the asset neighbourhood
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $3.4B |
|---|---|
| Net Assets (End of Year) | $2.8B |
| Net Income | -$589M |
| Employer EIN | 231099050 |
| Plan Effective Date | 1980-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Glaxosmithkline LLC)
Sponsor-wide plan assets over time
All Glaxosmithkline LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- $11.7B 19.237894618480063% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 26,885 | $9.8B |
| 2023 | 2 | 20,278 | $11.0B |
| 2024 | 2 | 20,205 | $11.7B |
Nearby Defined Benefit (Pension) Plans in Pennsylvania
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- National Elevator Industry Pension Plan $10.4B · 27,097
- Steelworkers Pension Trust $5.9B · 52,395
- The PNC Financial Services Group, Inc. Pension Plan $5.4B · 63,731
- Constellation Retirement Program $5.4B · 5,314
- The Bank of New York Mellon Corporation Pension Plan $5.0B · 8,098
Scale composition for Glaxosmithkline Cash Balance Pension Plan
Glaxosmithkline Cash Balance Pension Plan reports $2.8B in end-of-year assets across 12,358 participants (0.023% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.013% of 93,925,755 covered participants) - about $230,084 per participant (1.7x the national average assets-per-participant) . Net income for plan year 2022 was -$589M.
This plan identity (EIN 231099050, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.8B to $2.9B (+2.1%) while covered participants moved from 12,358 to 7,770 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 12,358 | $2.8B | This page |
| 2023 | 8,441 | $2.9B | Open filing |
| 2024 · index core | 7,770 | $2.9B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Gsk 401(k) Plan (401(k), $8.8B, 12,435 participants)
- Glaxosmithkline Cash Balance Pension Plan (Defined Benefit (Pension), $2.9B, 7,770 participants)
Glaxosmithkline Cash Balance Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is General Mills Pension Plan in MN ($2.9B); by covered participants it is Firstenergy Corp. Master Pension Plan in OH (12,346 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.8B here).
- General Mills Pension Plan (MN) $2.9B · 6,848
- Construction Laborers Pension Trust Fund for Southern California (CA) $2.9B · 22,100
- Pension Plan of Public Service Enterprise Group Incorporated (NJ) $2.9B · 521
- Locals 302 & 612 of the Iuoe - Employers Construction Industry Retirement Plan (WA) $2.8B · 8,083
Similar participant headcount
Nearest other-state filings by covered participants (12,358 participants); asset peers above are excluded.
- Firstenergy Corp. Master Pension Plan (OH) 12,346 · 12 off
- Nylic Retirement Plan (NY) 12,315 · 43 off
- Berkshire Hathaway Consolidated Pension Plan (NE) 12,424 · 66 off
- Honeywell Retirement Earnings Plan (NC) 12,452 · 94 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.