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Genworth Financial 401(k) retirement plan: the investment options
Does your 401(k) vote the way you would? $799m of the $965m in the Genworth Financial 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
Genworth Financial 401(k) match and balances, from the filing
- Company money in
- about $8,740 per active participant
- $24m in plan year 2024
- Employees saved
- about $10,310 each
- $29m in plan year 2024
- Average balance
- $215,900
- 4,426 people with a balance
- In the plan
- $956m
- at the end of plan year 2024
Company money is the match plus any other employer contributions, averaged over all 2,802 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 GENWORTH FINANCIAL, INC as “GENWORTH FINANCIAL INC. RETIREMENT AND SAVINGS PLAN” · EIN 800873306, plan number 001 · search the filings
The Genworth Financial 401(k) holds $965m. Of the $824m we could identify from the plan’s own filing, 97% sits in funds that publish no record of how they voted your shares — collective trusts, which unlike a mutual fund file no Form N-PX and leave no public trace of a single vote.
SourceGenworth Financial’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 |
|---|---|---|---|
| BlackRock Institutional Trust Company NAlisted as “8,215,288 units of BlackRock Equity Index” | Collective trust or separate account | NONE | $275m |
| BlackRock Institutional Trust Company NAlisted as “4,710,723 units of BlackRock LifePath Index Retirement Fund” | Collective trust or separate account | NONE | $138m |
| BlackRock Institutional Trust Company NAlisted as “2,497,754 units of BlackRock LifePath Index 2030 Fund” | Collective trust or separate account | NONE | $118m |
| BlackRock Institutional Trust Company NAlisted as “1,317,124 units of BlackRock LifePath Index 2040 Fund” | Collective trust or separate account | NONE | $92m |
| BlackRock Institutional Trust Company NAlisted as “1,388,138 units of BlackRock LifePath Index 2050 Fund” | Collective trust or separate account | NONE | $66m |
| State Street Global Advisorslisted as “2,769,692 shares of State Street Russell Small/Mid Cap Index Fund” | Not identified from the filing | Not counted either way | $57m |
| Capital Research and Management Companylisted as “1,182,811 shares of American Balanced Fund” | Not identified from the filing | Not counted either way | $44m |
| BlackRock Institutional Trust Company NAlisted as “3,177,744 units of BlackRock LifePath Index 2035 Fund” | Collective trust or separate account | NONE | $41m |
| Dodge & Coxlisted as “2,395,860 shares of Dodge & Cox Income Fund” | Not identified from the filing | Not counted either way | $31m |
| BlackRock Fund Advisorslisted as “1,711,859 shares of BlackRock EAFE Equity Index Fund” | Registered fund | PUBLISHED | $25m |
| BlackRock Fund Advisorslisted as “20,330,952 shares of BlackRock Short-Term Investment Fund” | Collective trust or separate account | NONE | $20m |
| BlackRock Institutional Trust Company NAlisted as “1,474,729 units of BlackRock LifePath Index 2045 Fund” | Collective trust or separate account | NONE | $20m |
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 Genworth Financial 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 Genworth Financial; 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 86.2% 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.