General Dynamics Corporation 401(k) Review & Grade
General Dynamics Corporation 401(k) Plan for Represented Employees
Reston, VAManufacturing18,022 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,071Employer $ per active participant
$5,445Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$2.1BNet plan assets, end of year
$95,453Average balance per account
Score breakdown
- Employer generosity12.3 / 5025th percentile for employer $ per participant
- Low cost13.4 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving3.9 / 1526th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 54th |
| Employee saving | 26th |
| Peers that auto-enroll | 69% |
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Red flags from the filing
Corrective distributions: the plan refunded $61,968 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- General Dynamics put in about $3,071 per active participant, below the typical peer ($5,480). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $55,352,547 |
| Participant (employee) contributions | $98,125,327 |
| Other contributions (incl. rollovers in) | $6,232,713 |
| Administrative expenses paid from the plan | $1,628,351 |
| Contract administrator fees | $995,927 |
| Investment advisory & management fees | $266,929 |
| Other admin expenses | $75,008 |
| Benefits paid out | $209,355,129 |
| Net assets, start / end of year | $2.0B / $2.1B |
| Active participants, start / end of year | 17,637 / 18,408 |
| Participants with account balances | 21,854 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | KPMG LLP |
Largest service providers (Schedule C)
| Fidelity Inv. Inst. Ops. Co. LLC | $995,927 reported compensation |
| Strategic Advisors, Inc. | $266,929 reported compensation |
| KPMG LLP | $111,003 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930142049NAL0012392753001, received 2025-09-30, EIN 13-1673581, plan #013, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.