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GE HEALTHCARE LEGACY AFFILIATES PENSION PLAN 401k Plan overview

Plan NameGE HEALTHCARE LEGACY AFFILIATES PENSION PLAN
Plan identification number 004

GE HEALTHCARE LEGACY AFFILIATES PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

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 LEGACY AFFILIATES PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042023-01-01

Plan Statistics for GE HEALTHCARE LEGACY AFFILIATES PENSION PLAN

401k plan membership statisitcs for GE HEALTHCARE LEGACY AFFILIATES PENSION PLAN

Measure Date Value
2023: GE HEALTHCARE LEGACY AFFILIATES PENSION PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-011,235
Total number of active participants reported on line 7a of the Form 55002023-01-01256
Number of retired or separated participants receiving benefits2023-01-015,842
Number of other retired or separated participants entitled to future benefits2023-01-013,844
Total of all active and inactive participants2023-01-019,942
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-01985
Total participants2023-01-0110,927
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010

Financial Data on GE HEALTHCARE LEGACY AFFILIATES PENSION PLAN

Measure Date Value
2023 : GE HEALTHCARE LEGACY AFFILIATES PENSION PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total transfer of assets to this plan2023-12-31$645,582,151
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$20,000
Total income from all sources (including contributions)2023-12-31$5,204,113
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$4,998,524
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$3,828,537
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$0
Value of total assets at end of year2023-12-31$713,563,177
Value of total assets at beginning of year2023-12-31$67,795,437
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$1,169,987
Total interest from all sources2023-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$0
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$20,000,000
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2023-12-31$20,000
Administrative expenses (other) incurred2023-12-31$118,560
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$205,589
Value of net assets at end of year (total assets less liabilities)2023-12-31$713,563,177
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$67,775,437
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
Investment advisory and management fees2023-12-31$10,756
Value of interest in master investment trust accounts at end of year2023-12-31$713,563,177
Value of interest in master investment trust accounts at beginning of year2023-12-31$67,795,437
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$3,828,537
Did the plan have assets held for investment2023-12-31No
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
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 LEGACY AFFILIATES PENSION PLAN

2023: GE HEALTHCARE LEGACY AFFILIATES PENSION PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
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 planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes

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