Defined Benefit (Pension) · DOL Form 5500 · 2023
General Dynamics Corporation Pension Plan
Data updated 2026-08-11
- $500M
- Total assets
- 1,521
- Participants
- 97th
- Percentile by assets
- $328,771
- Avg per participant
Official DOL plan name: General Dynamics Retirement Plan (Bath Iron Works) · Sponsored by General Dynamics Corporation · Virginia · Manufacturing
$500M in assets, 1,521 participants
General Dynamics Corporation's General Dynamics Retirement Plan (Bath Iron Works) reported $500M in total assets and 1,521 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 127,072 plans)
- #17,937 in Manufacturing (18,722 peers)
Where General Dynamics Retirement Plan (Bath Iron Works) sits by assets
General Dynamics Retirement Plan (Bath Iron Works) sits in the top 5% of all filed plans by assets, $500M for 1,521 participants (~$328,771/participant), up 3.1% in 2023.
- $500M
- total plan assets (2023 EOY)
- 1,521
- covered participants
- 97th
- percentile by assets (of 127,072 plans)
- $328,771
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- General Dynamics Retirement Plan (Bath Iron Works) reported net income rose from -$165M in the plan year 2022 filing to $19M in the plan year 2023 filing.
- General Dynamics Retirement Plan (Bath Iron Works) reported participants fell from 1,662 in the plan year 2022 filing to 1,521 in the plan year 2023 filing.
- General Dynamics Retirement Plan (Bath Iron Works) end-of-year assets rose from $485M in the plan year 2022 filing to $500M in the plan year 2023 filing.
General Dynamics Retirement Plan (Bath Iron Works) vs the 2023 asset distribution
By assets, General Dynamics Retirement Plan (Bath Iron Works) outranks 97% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 5.0x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $485M |
|---|---|
| Net Assets (End of Year) | $500M |
| Net Income | $19M |
| 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 $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
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.
- Pension Plan for Certain Salaried Ees of Alcoa USA Corp. (PA) $500M · 197
- Local 272 Labor Management Pension Fund (NY) $499M · 7,002
- Bimbo Bakeries USA Consolidated Pension Plan (PA) $501M · 3,238
- Agilent Technologies, Inc. Retirement Plan (CA) $501M · 1,967
Frequently Asked Questions
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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