Defined Benefit (Pension) · DOL Form 5500 · 2024
Glaxosmithkline LLC Pension Plan
Data updated 2026-08-06
- $2.9B
- Total assets
- 7,770
- Participants
- 99th
- Percentile by assets
- $373,459
- Avg per participant
Official DOL plan name: Glaxosmithkline Cash Balance Pension Plan · Sponsored by Glaxosmithkline LLC · Pennsylvania · Manufacturing
$2.9B in assets, 7,770 participants
Glaxosmithkline LLC's Glaxosmithkline Cash Balance Pension Plan reported $2.9B in total assets and 7,770 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 116,472 plans)
- #16,712 in Manufacturing (16,886 peers)
Coverage in Pennsylvania
Glaxosmithkline Cash Balance Pension Plan covers 7,770 participants in Pennsylvania, 9.4x the typical Pennsylvania plan (state average ~824 per filing). Assets: $2.9B.
- $2.9B
- total plan assets (2024 EOY)
- 7,770
- covered participants
- 99th
- percentile by assets (of 116,472 plans)
- $373,459
- avg assets per participant
The plan reported a net loss of $34M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Glaxosmithkline Cash Balance Pension Plan reported net income fell from $95M in the plan year 2023 filing to -$34M in the plan year 2024 filing.
- Glaxosmithkline Cash Balance Pension Plan reported participants fell from 8,441 in the plan year 2023 filing to 7,770 in the plan year 2024 filing.
- Glaxosmithkline Cash Balance Pension Plan end-of-year assets fell from $2.9B in the plan year 2023 filing to $2.9B in the plan year 2024 filing.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 824 participants across 5,360 plans. Glaxosmithkline Cash Balance Pension Plan reports 7,770 participants - 9.4x that state average ($2.9B EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $2.9B |
|---|---|
| Net Assets (End of Year) | $2.9B |
| Net Income | -$34M |
| 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
- Steelworkers Pension Trust $7.2B · 46,110
- The PNC Financial Services Group, Inc. Pension Plan $5.5B · 58,779
- The Bank of New York Mellon Corporation Pension Plan $5.2B · 6,387
- Constellation Retirement Program $5.0B · 4,809
- Eastern Atlantic States Carpenters Pension Fund $5.0B · 12,421
Scale composition for Glaxosmithkline Cash Balance Pension Plan
Glaxosmithkline Cash Balance Pension Plan reports $2.9B in end-of-year assets across 7,770 participants (0.025% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.009% of 89,805,449 covered participants) - about $373,459 per participant (2.7x the national average assets-per-participant) . Net income for plan year 2024 was -$34M.
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 | Open filing |
| 2023 | 8,441 | $2.9B | Open filing |
| 2024 · index core | 7,770 | $2.9B | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Gsk 401(k) Plan (401(k), $8.8B, 12,435 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.
- Frontier Communications Pension Plan (CT) $2.9B · 15,141
- Salt River Project Employees' Retirement Plan (AZ) $2.9B · 4,989
- Ufcw No. California Employers Joint Pension Plan (CA) $2.9B · 43,053
- Consolidated Roche Retirement Plan (NJ) $2.9B · 1,965
Frequently Asked Questions
How did Glaxosmithkline Cash Balance Pension Plan assets move in 2024? ▼
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? ▼
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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