Defined Benefit (Pension) · DOL Form 5500 · 2023
General Dynamics Corporation Pension Plan
Data updated 2026-08-06
- $4.5B
- Total assets
- 5,069
- Participants
- 100th
- Percentile by assets
- $893,701
- Avg per participant
Official DOL plan name: General Dynamics Retirement Plan (Electric Boat) · Sponsored by General Dynamics Corporation · Virginia · Manufacturing
$4.5B in assets, 5,069 participants
General Dynamics Corporation's General Dynamics Retirement Plan (Electric Boat) reported $4.5B in total assets and 5,069 participants in its 2023 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 126,618 plans)
- #18,557 in Manufacturing (18,672 peers)
Coverage in Virginia
General Dynamics Retirement Plan (Electric Boat) covers 5,069 participants in Virginia, 6.5x the typical Virginia plan (state average ~781 per filing). Assets: $4.5B.
- $4.5B
- total plan assets (2023 EOY)
- 5,069
- covered participants
- 100th
- percentile by assets (of 126,618 plans)
- $893,701
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- General Dynamics Retirement Plan (Electric Boat) reported net income rose from -$901M in the plan year 2022 filing to $95M in the plan year 2023 filing.
- General Dynamics Retirement Plan (Electric Boat) end-of-year assets rose from $2.6B in the plan year 2022 filing to $4.5B in the plan year 2023 filing.
- General Dynamics Retirement Plan (Electric Boat) reported participants fell from 5,557 in the plan year 2022 filing to 5,069 in the plan year 2023 filing.
Participants vs Virginia filers
In Virginia, the average filing covers about 781 participants across 3,490 plans. General Dynamics Retirement Plan (Electric Boat) reports 5,069 participants - 6.5x that state average ($4.5B EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $2.6B |
|---|---|
| Net Assets (End of Year) | $4.5B |
| Net Income | $95M |
| Employer EIN | 131673581 |
| Plan Effective Date | 2017-01-01 |
| 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 (Electric Boat) vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
- Northrop Grumman Pension Plan $19.1B · 13,674
- Retirement Security Plan $10.2B · 54,171
- Ng Space&mission Systems Corp Salaried Pension Pla $8.5B · 7,117
- Sheet Metal Workers' National Pension Fund $8.3B · 61,272
- Dominion Energy Pension Plan $7.6B · 12,263
Scale composition for General Dynamics Retirement Plan (Electric Boat)
General Dynamics Retirement Plan (Electric Boat) reports $4.5B in end-of-year assets across 5,069 participants (0.039% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.006% of 89,805,449 covered participants) - about $893,701 per participant (6.5x the national average assets-per-participant) . Net income for plan year 2023 was $95M.
This plan identity (EIN 131673581, plan #070) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.6B to $4.1B (+57.7%) while covered participants moved from 5,557 to 7,035 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,557 | $2.6B | Open filing |
| 2023 | 5,069 | $4.5B | This page |
| 2024 · index core | 7,035 | $4.1B | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- General Dynamics Corporation 401(k) Plan 6.0 (401(k), $12.4B, 49,414 participants)
- General Dynamics Corporation 401(k) Qaca Plan (401(k), $7.9B, 27,525 participants)
- General Dynamics Retirement Plan (Electric Boat and Mission Systems) (Defined Benefit (Pension), $4.1B, 7,035 participants)
- General Dynamics Retirement Plan (Government) (Defined Benefit (Pension), $2.7B, 2,990 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to General Dynamics Retirement Plan (Electric Boat) by total assets, not by location.
- Northwest Airlines Pension Plan for Pilot Employees (GA) $4.5B · 1,483
- Producer-Writers Guild of America Pension Plan (CA) $4.5B · 10,450
- Hp Inc. Pension Plan (TX) $4.6B · 3,281
- National Automatic Sprinkler Industry Pension Fund (MD) $4.5B · 15,047
Frequently Asked Questions
How did General Dynamics Retirement Plan (Electric Boat) assets move in 2023? ▼
How have General Dynamics Corporation plan assets changed over time? ▼
Where does General Dynamics Retirement Plan (Electric Boat) rank by assets among Form 5500 filers? ▼
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Next read for General Dynamics Retirement Plan (Electr…
Filing takeaways
Ways to act on General Dynamics Retirement Plan (Electric Boat)'s numbers.
- By total assets, General Dynamics Retirement Plan (Electric Boat) 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 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