Defined Benefit (Pension) · DOL Form 5500 · 2024
General Dynamics Corporation Pension Plan
Data updated 2026-07-24
- $2.7B
- Total assets
- 2,990
- Participants
- 99th
- Percentile by assets
- $897,349
- Avg per participant
Official DOL plan name: General Dynamics Retirement Plan (Government) · Sponsored by General Dynamics Corporation · Virginia · Manufacturing
$2.7B in assets, 2,990 participants
General Dynamics Corporation's General Dynamics Retirement Plan (Government) reported $2.7B in total assets and 2,990 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)
Coverage in Virginia
General Dynamics Retirement Plan (Government) covers 2,990 participants in Virginia, 3.8x the typical Virginia plan (state average ~781 per filing). Assets: $2.7B.
- $2.7B
- total plan assets (2024 EOY)
- 2,990
- covered participants
- 99th
- percentile by assets (of 116,472 plans)
- $897,349
- avg assets per participant
The plan reported a net loss of $427M 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
- General Dynamics Retirement Plan (Government) reported net income fell from $121M in the plan year 2023 filing to -$427M in the plan year 2024 filing.
- General Dynamics Retirement Plan (Government) end-of-year assets fell from $3.1B in the plan year 2023 filing to $2.7B in the plan year 2024 filing.
- General Dynamics Retirement Plan (Government) reported participants fell from 3,183 in the plan year 2023 filing to 2,990 in the plan year 2024 filing.
Participants vs Virginia filers
In Virginia, the average filing covers about 781 participants across 3,490 plans. General Dynamics Retirement Plan (Government) reports 2,990 participants - 3.8x that state average ($2.7B EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $3.1B |
|---|---|
| Net Assets (End of Year) | $2.7B |
| Net Income | -$427M |
| Employer EIN | 131673581 |
| Plan Effective Date | 1956-10-01 |
| 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 (Government) vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
- Northrop Grumman Pension Plan $18.8B · 12,678
- Retirement Security Plan $11.5B · 56,633
- Sheet Metal Workers' National Pension Fund $8.9B · 63,530
- Ng Space&mission Systems Corp Salaried Pension Pla $8.4B · 6,737
- Dominion Energy Pension Plan $8.3B · 11,758
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to General Dynamics Retirement Plan (Government) by total assets, not by location.
- Teamsters Pension Trust Fund of Philadelphia & Vic (NJ) $2.7B · 8,608
- Laborers District Council & Contractors Pension Fund of Ohio (OH) $2.7B · 14,573
- Paccar Inc Retirement Plan (WA) $2.7B · 10,345
- American Airlines, Inc. Pilot Retirement Benefit Program (TX) $2.7B · 4,746
Frequently Asked Questions
How did General Dynamics Retirement Plan (Government) assets move in 2024? ▼
How have General Dynamics Corporation plan assets changed over time? ▼
Where does General Dynamics Retirement Plan (Government) rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to General Dynamics Retirement Plan (Government)? ▼
Next read for General Dynamics Retirement Plan (Govern…
Filing takeaways
Ways to act on General Dynamics Retirement Plan (Government)'s numbers.
- By total assets, General Dynamics Retirement Plan (Government) 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
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 131673581.
Read our methodology - how this data is sourced, computed, and verified.