Defined Benefit (Pension) · DOL Form 5500 · 2022
Glaxosmithkline LLC Pension Plan
Data updated 2026-08-06
- $2.8B
- Total assets
- 12,358
- Participants
- 100th
- Percentile by assets
- $230,084
- Avg per participant
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.
- 100th percentile by assets (of 139,258 plans)
- #20,469 in Manufacturing (20,629 peers)
Coverage in Pennsylvania
Glaxosmithkline Cash Balance Pension Plan covers 12,358 participants in Pennsylvania, 15x the typical Pennsylvania plan (state average ~824 per filing). Assets: $2.8B.
- $2.8B
- total plan assets (2022 EOY)
- 12,358
- covered participants
- 100th
- percentile by assets (of 139,258 plans)
- $230,084
- avg assets per participant
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.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 824 participants across 5,360 plans. Glaxosmithkline Cash Balance Pension Plan reports 12,358 participants - 15x that state average ($2.8B EOY assets).
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)
| 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.
Glaxosmithkline Cash Balance Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
- 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 (0.024% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.014% of 89,805,449 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)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Glaxosmithkline Cash Balance Pension Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Glaxosmithkline Cash Balance Pension Plan assets move in 2022? ▼
How have Glaxosmithkline LLC plan assets changed over time? ▼
Where does Glaxosmithkline Cash Balance Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Glaxosmithkline Cash Balance Pension Plan? ▼
Next read for Glaxosmithkline Cash Balance Pension Pla…
Filing takeaways
Ways to act on Glaxosmithkline Cash Balance Pension Plan's numbers.
- By total assets, Glaxosmithkline Cash Balance Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Pennsylvania. Compare plans
- Glaxosmithkline LLC's sponsor-wide assets have grown 19.2% since 2022 across 3 plan years on file. More Manufacturing plans