Defined Benefit (Pension) · DOL Form 5500 · 2024
General Dynamics Corporation Pension Plan
Data updated 2026-08-06
- $4.1B
- Total assets
- 7,035
- Participants
- 100th
- Percentile by assets
- $580,572
- Avg per participant
Official DOL plan name: General Dynamics Retirement Plan (Electric Boat and Mission Systems) · Sponsored by General Dynamics Corporation · Virginia · Manufacturing
$4.1B in assets, 7,035 participants
General Dynamics Corporation's General Dynamics Retirement Plan (Electric Boat and Mission Systems) reported $4.1B in total assets and 7,035 participants in its 2024 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 116,472 plans)
- #16,757 in Manufacturing (16,886 peers)
Coverage in Virginia
General Dynamics Retirement Plan (Electric Boat and Mission Systems) covers 7,035 participants in Virginia, 9.0x the typical Virginia plan (state average ~781 per filing). Assets: $4.1B.
- $4.1B
- total plan assets (2024 EOY)
- 7,035
- covered participants
- 100th
- percentile by assets (of 116,472 plans)
- $580,572
- avg assets per participant
The plan reported a net loss of $446M 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 (Electric Boat and Mission Systems) reported net income fell from $95M in the plan year 2023 filing to -$446M in the plan year 2024 filing.
- General Dynamics Retirement Plan (Electric Boat and Mission Systems) reported participants rose from 5,069 in the plan year 2023 filing to 7,035 in the plan year 2024 filing.
- General Dynamics Retirement Plan (Electric Boat and Mission Systems) end-of-year assets fell from $4.5B in the plan year 2023 filing to $4.1B 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 (Electric Boat and Mission Systems) reports 7,035 participants - 9.0x that state average ($4.1B EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $4.5B |
|---|---|
| Net Assets (End of Year) | $4.1B |
| Net Income | -$446M |
| 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 and Mission Systems) 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
Scale composition for General Dynamics Retirement Plan (Electric Boat and Mission Systems)
General Dynamics Retirement Plan (Electric Boat and Mission Systems) reports $4.1B in end-of-year assets across 7,035 participants (0.035% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.008% of 89,805,449 covered participants) - about $580,572 per participant (4.2x the national average assets-per-participant) . Net income for plan year 2024 was -$446M.
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 | Open filing |
| 2024 · index core | 7,035 | $4.1B | This page |
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 (Government) (Defined Benefit (Pension), $2.7B, 2,990 participants)
- General Dynamics Corporation 401(k) Plan for Represented Employees (401(k), $2.1B, 17,637 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to General Dynamics Retirement Plan (Electric Boat and Mission Systems) by total assets, not by location.
- American Electric Power System Retirement Plan (OH) $4.1B · 16,073
- Pension Plan for Salaried Employees of Union Pacific Corporation & Affiliates (NE) $4.1B · 3,382
- Lucent Technologies Inc. Pension Plan (NJ) $4.0B · N/A
- Marsh & Mclennan Companies Retirement Plan (NY) $4.2B · 7,319
Frequently Asked Questions
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How have General Dynamics Corporation plan assets changed over time? ▼
Where does General Dynamics Retirement Plan (Electric Boat and Mission Systems) rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on General Dynamics Retirement Plan (Electric Boat and Mission Systems)'s numbers.
- By total assets, General Dynamics Retirement Plan (Electric Boat and Mission Systems) 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