Defined Benefit (Pension) · DOL Form 5500 · 2024

Glaxosmithkline LLC Pension Plan

Data updated 2026-08-25

$2.9B
Total assets Very large vs avg
7,770
Participants Very large workforce
99th
Percentile by assets National rank
$373,459
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

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.

  • #17,596 in Manufacturing (17,777 peers)

Coverage in Pennsylvania

Glaxosmithkline Cash Balance Pension Plan covers 7,770 participants in Pennsylvania, 9.5x the typical Pennsylvania plan (state average ~822 per filing). Assets: $2.9B.

#17,596
in Manufacturing (17,777 peers)
-1.2%
assets change YoY
29×
vs typical plan assets (national mean)

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.

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 2024 · DOL Form 5500

$2,901,778,013 Top 1% higher than 99% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Glaxosmithkline Cash Balance Pension Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Glaxosmithkline Cash Balance Pension Plan lands in the large band (7,770 participants).

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.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 231099050 · Glaxosmithkline LLC PY 2024 · Defined Benefit (Pension)

Glaxosmithkline Cash Balance Pension Plan · $2.9B · 7,770 · 99th

  • SCH $2.9B
  • SCH 7,770
  • SCH 99th
  • SCH Defined Benefit (Pension)
  • SCH near Frontier Communications Pension Plan
  • SCH ind #17596

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

Consolidated Roche Retirement PlanConsolidated Roche Retiremen…$2.9BUfcw No. California Employers Joint Pension PlanUfcw No. California Employer…$2.9BSalt River Project Employees' Retirement PlanSalt River Project Employees…$2.9BGlaxosmithkline Cash Balance Pension PlanGlaxosmithkline Cash Balance…$2.9BFrontier Communications Pension PlanFrontier Communications Pens…$2.9B
End-of-year total assets ($B) among Glaxosmithkline Cash Balance Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$2.9B
Net Assets (End of Year)$2.9B
Net Income-$34M
Employer EIN231099050
Plan Effective Date1980-01-01
Filing StatusFILING 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
$9B$10B$11B$12B 202220232024 $9.81B $11.7B ▲ +19.2%
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 Scatter plot of 6 data points. 020000400006000080000 051015 Total assets ($B) Participants Glaxosmithkline Cash Balance Pension Plan, Total assets ($B): 2.901778013 · Participants: 7770Glaxosmithkline Cash Balance Pension PlanNational Elevator Industry Pension Plan, Total assets ($B): 12.213235301 · Participants: 28308National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 7.234971663 · Participants: 46110Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.528998 · Participants: 58779The PNC Financial Services Group, Inc. Pension PlanThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 5.178651926 · Participants: 6387The Bank of New York Mellon Corporation Pension PlanConstellation Retirement Program, Total assets ($B): 5.003720253 · Participants: 4809Constellation Retirement Program
Glaxosmithkline Cash Balance Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare Glaxosmithkline Cash Balance Pension Plan side-by-side with 3 peers →

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 (0.024% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 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:

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 Frontier Communications Pension Plan in CT ($2.9B); by covered participants it is Yale University Retirement Plan for Staff Employees in CT (7,789 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.9B here).

Similar participant headcount

Nearest other-state filings by covered participants (7,770 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Glaxosmithkline Cash Balance Pension Plan assets move in 2024? ▼
Glaxosmithkline Cash Balance Pension Plan edged down modestly - down 1.2% during 2024, from $2.9B to $2.9B. Reported net income was -$34M.
How have Glaxosmithkline LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Glaxosmithkline LLC's sponsor-wide assets grew 19.2%, from $9.8B to $11.7B.
Where does Glaxosmithkline Cash Balance Pension Plan rank by assets among Form 5500 filers? ▼
Glaxosmithkline Cash Balance Pension Plan ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Glaxosmithkline Cash Balance Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Frontier Communications Pension Plan in CT ($2.9B, 15,141 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Glaxosmithkline Cash Balance Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Yale University Retirement Plan for Staff Employees in CT (7,789 participants, $2.3B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 231099050.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.