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General Electric 401(k) retirement plan: the investment options
Does your 401(k) vote the way you would? $11.69bn of the $17.10bn in the General Electric plan votes in secret. Fidelity 500 Index Fund, the most common fund in the plans we track, publishes every vote: answer 3 of its ballots, then see your result.
The question on the ballot
As filed
General Electric 401(k) match and balances, from the filing
- Company money in
- about $8,580 per active participant
- $250m in plan year 2024
- Employees saved
- about $14,380 each
- $419m in plan year 2024
- Average balance
- $215,300
- 68,450 people with a balance
- In the plan
- $14.74bn
- at the end of plan year 2024
Company money is the match plus any other employer contributions, averaged over all 29,163 active participants, including anyone who did not contribute. The filing reports dollars, not the match formula; the plan’s summary plan description states the formula.
SourceThe plan’s annual report to the Department of Labor — Form 5500, Schedule H, plan year 2024 · filed by GENERAL ELECTRIC COMPANY as “GE AEROSPACE RETIREMENT SAVINGS PLAN” · EIN 140689340, plan number 334 · search the filings
The General Electric 401(k) holds $17.10bn. Of the $11.69bn we could identify from the plan’s own filing, every dollar sits in a fund that publishes no record of how it voted your shares — collective trusts, which unlike a mutual fund file no Form N-PX and leave no public trace of a single vote.
SourceGeneral Electric’s own annual retirement-plan filing with the SEC (Form 11-K, Schedule of Assets) · open the filing
| What the plan holds | Vehicle | Voting record | Value |
|---|---|---|---|
| General Electric Companylisted as “GE Aerospace Common Stock” | Employer stock | Voted by the plan trustee | $2.99bn |
| Blackrock Institutional Trust Company, N.A.listed as “U.S. Large-Cap Equity Index Fund (Equity Index NL Fund F)” | Collective trust or separate account | NONE | $2.41bn |
| Blackrock Institutional Trust Company, N.A.listed as “Russell 1000 Index Non-Lendable Fund” | Collective trust or separate account | NONE | $2.33bn |
| Blackrock Institutional Trust Company, N.A.listed as “Non-U.S. Equity Index Fund (MSCI ACWI EX-US Index NL Fund F)” | Collective trust or separate account | NONE | $1.82bn |
| State Street Global Advisors Fund Managementlisted as “SSGA US Core Equity Fund” | Not identified from the filing | Not counted either way | $1.66bn |
| Blackrock Institutional Trust Company, N.A.listed as “U.S. Aggregate Bond Index Fund (US Debt Index NL Fund F)” | Collective trust or separate account | NONE | $1.29bn |
| State Street Global Advisors Trust Companylisted as “Government Reserve Fund” | Collective trust or separate account | NONE | $807m |
| Arrow Street Capitallisted as “Arrowstreet US Equity Collective Fund” | Collective trust or separate account | NONE | $713m |
| Blackrock Institutional Trust Company, N.A.listed as “U.S. Mid-Cap Equity Index Fund (Mid Cap Equity NL Fund F)” | Collective trust or separate account | NONE | $571m |
| Blackrock Institutional Trust Company, N.A.listed as “U.S. Small-Cap Equity Index Fund (Russell 2000 Index NL Fund F)” | Collective trust or separate account | NONE | $478m |
| Mercer Trust Companylisted as “Mercer GE International Equity Fund” | Collective trust or separate account | NONE | $434m |
| State Street Global Advisors Fund Managementlisted as “SSGA Income Fund” | Not identified from the filing | Not counted either way | $391m |
The 12 largest holdings in the plan. “Vehicle” is the description the filing itself gives each investment.
Why there is nothing to show
A mutual fund has to file Form N-PX every year listing every vote it cast on your behalf. A collective investment trust does not. It is a bank-run vehicle sold only inside retirement plans, it is cheaper, and it is now where most 401(k) default money sits — including most target-date funds, which is where savers who never chose anything are put.
So the shares bought with General Electric employees’ retirement savings are voted every proxy season — on executive pay, on board seats, on climate and workforce proposals — and there is no public document anywhere recording how. This is not an oversight by General Electric; it is what the disclosure rules currently require, which is to say: nothing.
What you can do
Check whether your plan offers any registered fund as an alternative — those publish their records, and you can read them here. If it does not, the menu itself is the thing that has to change, and that is a decision made by the plan’s fiduciary committee, not by you alone.
See how funds that do publish voted →
CoverageWe classified 85.8% of this plan’s assets from the filing. The figure above is the share of the money we could classify; anything we could not identify is excluded from it rather than assumed either way.
Other employer plans
The largest employer plans on the site, and a few more. Each page shows what the plan’s funds did with the shares its savers paid for.