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GE HEALTHCARE RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NameGE HEALTHCARE RETIREMENT SAVINGS PLAN
Plan identification number 002

GE HEALTHCARE RETIREMENT SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

GE HEALTHCARE TECHNOLOGIES INC. has sponsored the creation of one or more 401k plans.

Company Name:GE HEALTHCARE TECHNOLOGIES INC.
Employer identification number (EIN):882515116
NAIC Classification:551112
NAIC Description:Offices of Other Holding Companies

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GE HEALTHCARE RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01

Plan Statistics for GE HEALTHCARE RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for GE HEALTHCARE RETIREMENT SAVINGS PLAN

Measure Date Value
2023: GE HEALTHCARE RETIREMENT SAVINGS PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-010
Total number of active participants reported on line 7a of the Form 55002023-01-0116,216
Number of retired or separated participants receiving benefits2023-01-014,501
Number of other retired or separated participants entitled to future benefits2023-01-0133,580
Total of all active and inactive participants2023-01-0154,297
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-01339
Total participants2023-01-0154,636
Number of participants with account balances2023-01-0153,935
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-01402

Financial Data on GE HEALTHCARE RETIREMENT SAVINGS PLAN

Measure Date Value
2023 : GE HEALTHCARE RETIREMENT SAVINGS PLAN 2023 401k financial data
Unrealized appreciation/depreciation of real estate assets2023-12-31$46,827,611
Unrealized appreciation/depreciation of other (non real estate) assets2023-12-31$46,827,611
Total unrealized appreciation/depreciation of assets2023-12-31$93,655,222
Total transfer of assets to this plan2023-12-31$8,531,215,654
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$952,323
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$2,269,092,941
Total loss/gain on sale of assets2023-12-31$-31,771,466
Total of all expenses incurred2023-12-31$997,086,229
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$996,395,156
Expenses. Certain deemed distributions of participant loans2023-12-31$67,691
Value of total corrective distributions2023-12-31$293,781
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$360,871,376
Value of total assets at end of year2023-12-31$9,804,174,689
Value of total assets at beginning of year2023-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$329,601
Total interest from all sources2023-12-31$2,155,135
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$134,578,404
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$132,033,605
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$20,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$205,293,484
Participant contributions at end of year2023-12-31$53,147,819
Participant contributions at beginning of year2023-12-31$0
Participant contributions at end of year2023-12-31$35,959
Participant contributions at beginning of year2023-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$33,670,855
Liabilities. Value of operating payables at end of year2023-12-31$952,323
Liabilities. Value of operating payables at beginning of year2023-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$1,272,006,712
Value of net assets at end of year (total assets less liabilities)2023-12-31$9,803,222,366
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$2,307,771,941
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$0
Interest on participant loans2023-12-31$2,155,135
Value of interest in common/collective trusts at end of year2023-12-31$6,399,239,910
Value of interest in common/collective trusts at beginning of year2023-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$761,838,410
Net investment gain or loss from common/collective trusts2023-12-31$947,765,860
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Assets. Invements in employer securities at end of year2023-12-31$996,079,561
Assets. Invements in employer securities at beginning of year2023-12-31$0
Contributions received in cash from employer2023-12-31$121,907,037
Employer contributions (assets) at end of year2023-12-31$47,899,499
Employer contributions (assets) at beginning of year2023-12-31$0
Income. Dividends from common stock2023-12-31$2,544,799
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$996,395,156
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Aggregate proceeds on sale of assets2023-12-31$222,541,116
Aggregate carrying amount (costs) on sale of assets2023-12-31$254,312,582
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31DELOITTE & TOUCHE LLP
Accountancy firm EIN2023-12-31133891517

Form 5500 Responses for GE HEALTHCARE RETIREMENT SAVINGS PLAN

2023: GE HEALTHCARE RETIREMENT SAVINGS PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01First time form 5500 has been submittedYes
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes

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