Civic Intelligence

General Electric Insurance Plan Trust

990 • Fiscal year 2014 • EIN 51-0169382

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 10, 2015

PO Box 120073Stamford, CT 06912-0073

(203) 326-2300

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

9th percentile

0.03x

Higher debt load relative to assets than 9% of similar nonprofits.

2014 filings • $1B+ nonprofits • Source year 2014

Liabilities / Revenue

4th percentile

0.01x

Higher debt load relative to revenue than 4% of similar nonprofits.

2014 filings • $1B+ nonprofits • Source year 2014

Net Margin

9th percentile

-3.7%

Higher net margin than 9% of similar nonprofits.

2014 filings • $1B+ nonprofits • Source year 2014

Top Officer Pay

2nd percentile

$0

Higher top officer pay than 2% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • $1B+ nonprofits • Source year 2014

Asset Growth

4th percentile

-8.0%

Faster asset growth than 4% of similar nonprofits.

2014 filings • $1B+ nonprofits • Annualized from 2013 to 2014

Revenue Growth

30th percentile

1.8%

Faster revenue growth than 30% of similar nonprofits.

2014 filings • $1B+ nonprofits • Annualized from 2013 to 2014

Assets

Down

$1,031,461,591

Down $89,221,949 (-8.0%) from 2013

Net Assets

Down

$1,004,974,625

Down $85,258,363 (-7.8%) from 2013

Liabilities

Down

$26,486,966

Down $3,963,586 (-13%) from 2013

Revenue

Up

$2,070,174,559

Up $35,799,874 (+1.8%) from 2013

Expenses

Up

$2,146,355,360

Up $28,534,735 (+1.3%) from 2013

Net Income

Up

-$76,180,801

Up $7,265,139 (+8.7%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5B$1.0B$500M$0Assets 2011: $1,217,670,664Liabilities 2011: $33,577,784Net Assets 2011: $1,184,092,8802011Assets 2012: $1,182,646,329Liabilities 2012: $53,886,825Net Assets 2012: $1,128,759,5042012Assets 2013: $1,120,683,540Liabilities 2013: $30,450,552Net Assets 2013: $1,090,232,9882013Assets 2014: $1,031,461,591Liabilities 2014: $26,486,966Net Assets 2014: $1,004,974,6252014Assets 2015: $904,698,808Liabilities 2015: $58,762,923Net Assets 2015: $845,935,8852015Assets 2016: $711,641,300Liabilities 2016: $31,433,760Net Assets 2016: $680,207,5402016Assets 2017: $804,036,411Liabilities 2017: $143,671,818Net Assets 2017: $660,364,5932017Assets 2018: $533,742,383Liabilities 2018: $29,883,676Net Assets 2018: $503,858,7072018Assets 2019: $441,854,330Liabilities 2019: $23,726,195Net Assets 2019: $418,128,1352019Assets 2020: $265,293,898Liabilities 2020: $8,977,146Net Assets 2020: $256,316,7522020Assets 2021: $55,106,226Liabilities 2021: $259,046Net Assets 2021: $54,847,1802021Assets 2022: $23,012,761Liabilities 2022: $20,743Net Assets 2022: $22,992,0182022Assets 2023: $19,988,295Liabilities 2023: $12,743Net Assets 2023: $19,975,5522023Assets 2024: $18,707,381Liabilities 2024: $10,220Net Assets 2024: $18,697,1612024

Highlighted filing

2014

Assets$1,031,461,591
Liabilities$26,486,966
Net Assets$1,004,974,625

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0B$2.0B$1.0B$0-$1.0BRevenue 2011: $2,055,429,920Expenses 2011: $2,060,343,951Net Income 2011: -$4,914,0312011Revenue 2012: $1,957,454,989Expenses 2012: $2,071,340,030Net Income 2012: -$113,885,0412012Revenue 2013: $2,034,374,685Expenses 2013: $2,117,820,625Net Income 2013: -$83,445,9402013Revenue 2014: $2,070,174,559Expenses 2014: $2,146,355,360Net Income 2014: -$76,180,8012014Revenue 2015: $2,082,329,810Expenses 2015: $2,174,345,789Net Income 2015: -$92,015,9792015Revenue 2016: $1,903,484,348Expenses 2016: $2,060,240,672Net Income 2016: -$156,756,3242016Revenue 2017: $1,823,784,082Expenses 2017: $1,793,707,086Net Income 2017: $30,076,9962017Revenue 2018: $1,583,406,826Expenses 2018: $1,699,517,734Net Income 2018: -$116,110,9082018Revenue 2019: $1,331,682,978Expenses 2019: $1,455,498,577Net Income 2019: -$123,815,5992019Revenue 2020: $1,184,357,647Expenses 2020: $1,303,314,363Net Income 2020: -$118,956,7162020Revenue 2021: $1,046,586,685Expenses 2021: $1,251,291,119Net Income 2021: -$204,704,4342021Revenue 2022: $1,170,754,648Expenses 2022: $1,201,837,853Net Income 2022: -$31,083,2052022Revenue 2023: $1,210,931,369Expenses 2023: $1,214,445,349Net Income 2023: -$3,513,9802023Revenue 2024: $913,945,910Expenses 2024: $917,149,836Net Income 2024: -$3,203,9262024

Highlighted filing

2014

Revenue$2,070,174,559
Expenses$2,146,355,360
Net Income-$76,180,801
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 10, 2015
Return Version
2014v5.0
Gross Receipts
$2,909,064,426
Mission and Program Overview

Mission

In accordance with the plans terms, the plan provides benefits to pay for: medical expenses, dental expenses, flexible spending accounts for otherwise unreimbursed medical and dependent care expenses, short-term disability benefits for non-occupational illness or injury, and life and accidental death and dismemberment insurance benefits.

To provide benefits to eligible members to pay for medical & dental pay for medical&dental expenses,flexible spending accounts, short-term disability & life accidental death, dismemberment insurance benefits.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,090,232,988$1,004,974,625▼ $85,258,363
Investments in Publicly Traded Securities$789,122,169$694,299,769▼ $94,822,400
Investments Other Securities$225,564,807$200,542,711▼ $25,022,096
Cash and Non-Interest-Bearing Accounts$4,775,000$5,100,000▲ $325,000
Savings and Temporary Cash Investments$1,334,047$573,315▼ $760,732
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,120,683,540$1,031,461,591▼ $89,221,949
Other Assets Total$99,887,517$130,945,796▲ $31,058,279
Liabilities
Accounts Payable and Accrued Expenses$17,278,120$15,152,169▼ $2,125,951
Other Liabilities$13,172,432$11,334,797▼ $1,837,635
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$30,450,552$26,486,966▼ $3,963,586
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,090,232,988$1,004,974,625▼ $85,258,363
Total Liabilities and Net Assets / Fund Balance$1,120,683,540$1,031,461,591▼ $89,221,949

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$97,211,674--
Other Securities$21,273,138--
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Trident Iv LPInvestment MgmtC/O STONE POINT CAPITAL 20 HORSENE, Greenwich, CT 06830$1,208,781
State Street BankCustodianONE LINCOLN STREET, Boston, MA 02111$506,690
Apax Partners LPInvestment Mgmt601 LEXINGTON AVE 53, New York, NY 10022$258,832
Odyssey Investment PartnersInvestment MgmtC/O TERESA PAGGI 280 PARK AVE 38TH, New York, NY 10017$236,970
Kpmg LLCAccounting345 PARK AVENUE, New York, NY 10154$201,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,012,985,326
Investment Income
$57,189,233
Other Revenue
$0
Change in Net Assets
$-76,180,801
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$70,302,910
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$2,076,052,450--$2,076,052,450
Other Expenses-$67,019,344-$67,019,344
Fees for Service Investment Mgmnt Fees-$3,283,566-$3,283,566
Total Functional Expenses$2,076,052,450$70,302,910$0$2,146,355,360
International Activity

International Summary

Spending
$187,805,101

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)Investments---$115,813,043
East Asia and the PacificInvestments---$55,737,979
North AmericaInvestments---$8,494,926
South AsiaInvestments---$6,540,934
South AmericaInvestments---$1,012,719
Central America and the CaribbeanInvestments---$205,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Brokers$10,752,890
Margin Variation$581,099
Fx Spot$808
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section A, in General-governing Body and Management

Ge insurance plan trust ("geipt") is a voluntary employees' beneficiaries association exempt from income tax under irc section 501(a) as an organization described in irc section 501(c)(9). Geipt forms part of four health and welfare plans sponsored by general electric company ("ge"). Each of the four plans invests their respective assets in geipt. The trustees of geipt are officers of ge asset management incorporated ("geam"), a wholly-owned subsidiary of ge. Geam was appointed investment adviser by geipt and manages the assets accordingly.

Part VI, Section B, Line 11-governing Body and Management

Each of the four health and welfare plans referenced previously are audited by independent auditors (kpmg) annually. As part of each plans' audit, geipt's financial position is audited, however, an audit opinion is not separately issued. The supporting information required to timely and accurately complete such audit is concurrently furnished to geipt's paid preparer, pricewaterhousecoopers llp ("pwc"). Form 990, as prepared by pwc, is furnished to the geam tax department for final review. The geam tax department reviews form 990 as prepared by pwc for accuracy. Upon approval, the geam tax department reviews form 990 (and form 990-t, if required) with geam's chief financial officer ("cfo") prior to signature and filing. The cfo serves as trustee to geipt and is designated with financial and tax reporting responsibility with respect to geipt.

Part VI, Section B, Lines 12, 13 & 14 - Governing Body and Management

Geam is a registered investment adviser under the investment advisers act of 1940, as amended and provides investment management services to geipt. Geam has adopted policies that extend to geipt covering, but not limited to, conflicts of interest, integrity concerns and document retention and destruction. Such policies are administered by geam's compliance department. All employees of geipt's sponsor company are required to comply with such policies and must confirm, no less than quarterly, compliance with the conflicts of interest policy.

Part VI, Section B, Line 15 - Policies

Geipt does not have employees.

Part VI, Section C, Line 19 - Disclosure

No documents available to the public.

Part VII, Section A - Average Hours Per Week

In total, it is estimated that each board member spends less than one hour per week on the activities of this organization.

Filing and Contact Details

Filer

Filer Name
General Electric Insurance Plan Trust
EIN
51-0169382
In Care Of
% MATTHEW ZAKRZEWSKI
Phone
2033262300
Address
PO BOX 120073, STAMFORD, CT 06912-0073

Signing Officer

Name
Matthew Zakrzewski
Title
Trustee
Phone
6464713000
Signed
2015-11-10
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
Ct
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
PricewaterhouseCoopers LLP
Address
300 Madison Avenue, New York, NY 10017
Preparer
Robert W Friz
Phone
6464713000
Supplemental Narrative

Additional Explanations

Part V, Line 4B-statements Regarding Other IRS Filings and Tax Compliance

Authority over a financial account in a foreign country general electric insurance plan trust has authority over financial accounts in the following countries: argentina australia austria belgium brazil canada denmark egypt estonia finland france germany greece hong kong india indonesia ireland israel italy japan malaysia mexico netherlands new zealand norway portugal singapore south africa south korea spain sweden switzerland taiwan thailand turkey united kingdom

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IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0200542711
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0789122169
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0694299769
IRS990/IRPDocumentCnt00
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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0IN ACCORDANCE WITH THE PLANS TERMS, THE PLAN PROVIDES BENEFITS TO PAY FOR: MEDICAL EXPENSES, DENTAL EXPENSES, FLEXIBLE SPENDING ACCOUNTS FOR OTHERWISE UNREIMBURSED MEDICAL AND DEPENDENT CARE EXPENSES, SHORT-TERM DISABILITY BENEFITS FOR NON-OCCUPATIONAL ILLNESS OR INJURY, AND LIFE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE BENEFITS.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt01004974625
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt043605665
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt043712231
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt0106566
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/NetUnrelatedBusTxblIncmAmt028039
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
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IRS990/OfficeExpensesGrp/TotalAmt00
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt099887517
IRS990/OtherAssetsTotalGrp/EOYAmt0130945796
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt067019344
IRS990/OtherExpensesGrp/TotalAmt067019344
IRS990/OtherLiabilitiesGrp/BOYAmt013172432
IRS990/OtherLiabilitiesGrp/EOYAmt011334797
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
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IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1PARTICIPANT CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01589350428
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1423634898
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01589350428
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1423634898
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt02037258956
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt084725959
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IRS990/PYOtherExpensesAmt080561669
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01949648726
IRS990/PYRevenuesLessExpensesAmt0-83445940
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02117820625
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02034374685
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
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IRS990/ReconcilationRevenueExpnssAmt0-76180801
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02012985326
IRS990/RoyaltiesGrp/TotalAmt00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01334047
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0573315
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01744926
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt131989196
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt297211674
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM BROKERS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1COMPANY CONTRIBUTIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER RECEIVABLE - PROVIDER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010752890
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1808
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2581099
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO BROKERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1FX SPOT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MARGIN VARIATION
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0106762675
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt172506898
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt221273138
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PRIVATE EQUITY SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1REAL ESTATE SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc2HEDGE FUND AND DERIVATIVES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0130945796
IRS990ScheduleD/TotalBookValueSecuritiesAmt0200542711
IRS990ScheduleD/TotalLiabilityAmt011334797
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0115813043
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt155737979
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt28494926
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt36540934
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt41012719
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt5205500
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Europe (Including Iceland and Greenland)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1East Asia and the Pacific
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2North America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3South Asia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt4South America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt5Central America and the Caribbean
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Investments
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Investments
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2Investments
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt3Investments
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt4Investments
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt5Investments
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0true
IRS990ScheduleF/ForeignPartnershipInd0true
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0true
IRS990ScheduleF/SubtotalSpentAmt0187805101
IRS990ScheduleF/TotalSpentAmt0187805101
IRS990ScheduleF/TransferToForeignCorpInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AUTHORITY OVER A FINANCIAL ACCOUNT IN A FOREIGN COUNTRY GENERAL ELECTRIC INSURANCE PLAN TRUST HAS AUTHORITY OVER FINANCIAL ACCOUNTS IN THE FOLLOWING COUNTRIES: ARGENTINA AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA DENMARK EGYPT ESTONIA FINLAND FRANCE GERMANY GREECE HONG KONG INDIA INDONESIA IRELAND ISRAEL ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SINGAPORE SOUTH AFRICA SOUTH KOREA SPAIN SWEDEN SWITZERLAND TAIWAN THAILAND TURKEY UNITED KINGDOM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GE INSURANCE PLAN TRUST ("GEIPT") IS A VOLUNTARY EMPLOYEES' BENEFICIARIES ASSOCIATION EXEMPT FROM INCOME TAX UNDER IRC SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(9). GEIPT FORMS PART OF FOUR HEALTH AND WELFARE PLANS SPONSORED BY GENERAL ELECTRIC COMPANY ("GE"). EACH OF THE FOUR PLANS INVESTS THEIR RESPECTIVE ASSETS IN GEIPT. THE TRUSTEES OF GEIPT ARE OFFICERS OF GE ASSET MANAGEMENT INCORPORATED ("GEAM"), A WHOLLY-OWNED SUBSIDIARY OF GE. GEAM WAS APPOINTED INVESTMENT ADVISER BY GEIPT AND MANAGES THE ASSETS ACCORDINGLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH OF THE FOUR HEALTH AND WELFARE PLANS REFERENCED PREVIOUSLY ARE AUDITED BY INDEPENDENT AUDITORS (KPMG) ANNUALLY. AS PART OF EACH PLANS' AUDIT, GEIPT'S FINANCIAL POSITION IS AUDITED, HOWEVER, AN AUDIT OPINION IS NOT SEPARATELY ISSUED. THE SUPPORTING INFORMATION REQUIRED TO TIMELY AND ACCURATELY COMPLETE SUCH AUDIT IS CONCURRENTLY FURNISHED TO GEIPT'S PAID PREPARER, PRICEWATERHOUSECOOPERS LLP ("PWC"). FORM 990, AS PREPARED BY PWC, IS FURNISHED TO THE GEAM TAX DEPARTMENT FOR FINAL REVIEW. THE GEAM TAX DEPARTMENT REVIEWS FORM 990 AS PREPARED BY PWC FOR ACCURACY. UPON APPROVAL, THE GEAM TAX DEPARTMENT REVIEWS FORM 990 (AND FORM 990-T, IF REQUIRED) WITH GEAM'S CHIEF FINANCIAL OFFICER ("CFO") PRIOR TO SIGNATURE AND FILING. THE CFO SERVES AS TRUSTEE TO GEIPT AND IS DESIGNATED WITH FINANCIAL AND TAX REPORTING RESPONSIBILITY WITH RESPECT TO GEIPT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GEAM IS A REGISTERED INVESTMENT ADVISER UNDER THE INVESTMENT ADVISERS ACT OF 1940, AS AMENDED AND PROVIDES INVESTMENT MANAGEMENT SERVICES TO GEIPT. GEAM HAS ADOPTED POLICIES THAT EXTEND TO GEIPT COVERING, BUT NOT LIMITED TO, CONFLICTS OF INTEREST, INTEGRITY CONCERNS AND DOCUMENT RETENTION AND DESTRUCTION. SUCH POLICIES ARE ADMINISTERED BY GEAM'S COMPLIANCE DEPARTMENT. ALL EMPLOYEES OF GEIPT'S SPONSOR COMPANY ARE REQUIRED TO COMPLY WITH SUCH POLICIES AND MUST CONFIRM, NO LESS THAN QUARTERLY, COMPLIANCE WITH THE CONFLICTS OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GEIPT DOES NOT HAVE EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6IN TOTAL, IT IS ESTIMATED THAT EACH BOARD MEMBER SPENDS LESS THAN ONE HOUR PER WEEK ON THE ACTIVITIES OF THIS ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4B-STATEMENTS REGARDING OTHER IRS FILINGS AND TAX COMPLIANCE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION A, IN GENERAL-GOVERNING BODY AND MANAGEMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION B, LINE 11-GOVERNING BODY AND MANAGEMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, SECTION B, LINES 12, 13 & 14 - GOVERNING BODY AND MANAGEMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VI, SECTION B, LINE 15 - POLICIES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VI, SECTION C, LINE 19 - DISCLOSURE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART VII, SECTION A - AVERAGE HOURS PER WEEK
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0true
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0GEIPT
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1GEIPT
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2GEIPT
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt3GEIPT
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0LG-SUMMER STREET INVESTORS IPT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1SUMMER STREET 2007 IPT PE INVTS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2SUMMER STREET 2008 IPT PE INVTS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt3SUMMER ST IPT US PVT EQ INVTRS 2005 LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0510169382
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1510169382
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN2510169382
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN3510169382
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt043851995
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt18905100
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt28972427
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt37316629
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd2DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd3DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0HOLDING CO.
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1HOLDING CO.
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt2HOLDING CO.
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt3HOLDING CO.
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt04082485
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt1946377
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt2-137416
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt3-5465519
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt01600 SUMMARY STREET

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.7$0.01$18.7$914$917$3.20
2023Summary only. Only limited summary data is available for this year.$20.0$0.01$20.0$1,211$1,214$3.51
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.0$0.02$23.0$1,171$1,202$31.1
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.1$0.26$54.8$1,047$1,251$205
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$265$8.98$256$1,184$1,303$119
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$442$23.7$418$1,332$1,455$124
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$534$29.9$504$1,583$1,700$116
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$804$144$660$1,824$1,794$30.1
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$712$31.4$680$1,903$2,060$157
2015Detailed filing. Detailed filing data is available for this year.$905$58.8$846$2,082$2,174$92.0
2014Detailed filing. Detailed filing data is available for this year.$1,031$26.5$1,005$2,070$2,146$76.2
2013Summary only. Only limited summary data is available for this year.$1,121$30.5$1,090$2,034$2,118$83.4
2012Summary only. Only limited summary data is available for this year.$1,183$53.9$1,129$1,957$2,071$114
2011Summary only. Only limited summary data is available for this year.$1,218$33.6$1,184$2,055$2,060$4.91
Peer Organizations

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