BrightScope Rating
Company:
General Motors Corporation
Plan:
General Motors Personal Savings Plan for Hourly-Rate Employees In The United States.
General Motors Corporation
73
Plan:
7
60
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 17 point difference between this plan's BrightScope Rating (73) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
11 additional years of work Up to $308,200 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 Personal Savings Plan for Hourly-Rate Employees In The United States. 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 73, 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, and Investment Menu Quality. General Motors Personal Savings Plan for Hourly-Rate Employees In The United States. currently has over 45,700 active participants and over $5.6B in plan assets.
Plan Details
| Address | 300 Renaissance Center, PO Box 300 Detroit, MI 48265 |
| Industry | Motor Vehicle Mfg |
| Administrator | Kevin W. Cobb Asst Gen Tax Counsel |
| Net Plan Assets | $5,630,000,000 |
| Total Participants | 120,000 |
| Avg Account Balance | $47,000 |
Top 3 Investment Holdings
| 1. | GMAM Investment Funds Trust | 39% |
| 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 |
| Motorola | 78.6 |
| Ford Motor Company | 76.3 |
| L-3 Communications Holdings | 72.3 |
| 3M Company | 72.3 |
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