BrightScope Rating
Company:
General Motors Corporation
Plan:
General Motors Savings-Stock Purchase Program for Salaried Employees
General Motors Corporation
80
Plan:
7
60
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 10 point difference between this plan's BrightScope Rating (80) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
7 additional years of work Up to $334,200 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan
and do not take into account other retirement plans and programs offered by this employer.
Plan Description
General Motors Savings-Stock Purchase Program for Salaried Employees is a defined contribution plan with a profit-sharing component, stock bonus component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 80, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Salary Deferrals, Total Plan Cost, Investment Menu Quality, and Account Balances. General Motors Savings-Stock Purchase Program for Salaried Employees currently has over 35,000 active participants and over $11.7B in plan assets.
Plan Details
| Address | 300 Renaissance Ctr Detroit, MI 48243 |
| Industry | Motor Vehicle Mfg |
| Administrator | Kevin W. Cobb Asst Gen Tax Counsel |
| Net Plan Assets | $11,700,000,000 |
| Total Participants | 94,000 |
| Avg Account Balance | $120,000 |
Top 3 Investment Holdings
| 1. | GMAM Investment Funds Trust | 40% |
| 2. | General Motors Common Stock | 10% |
| 3. | SSgA S&P 500 Index Fund | 7% |
Other Companies in Peer Group
| Johnson & Johnson | 82.6 |
| Intel | 81.9 |
| Hewlett-Packard Inc. (HP) | 81.2 |
| Honeywell International | 76.9 |
| Siemens | 74.7 |
| United Technologies | 72.4 |
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