Civic Intelligence

General Electric Insurance Plan Trust

990 • Fiscal year 2019 • EIN 51-0169382

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

1 IRON STREET Suite 8TH FLBoston, MA 02210

(617) 664-6886

Siviq Scores

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

Liabilities / Assets

18th percentile

0.05x

Higher debt load relative to assets than 18% of similar nonprofits.

2019 filings • $1B+ nonprofits • Source year 2019

Liabilities / Revenue

7th percentile

0.02x

Higher debt load relative to revenue than 7% of similar nonprofits.

2019 filings • $1B+ nonprofits • Source year 2019

Net Margin

8th percentile

-9.3%

Higher net margin than 8% of similar nonprofits.

2019 filings • $1B+ nonprofits • Source year 2019

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

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

2019 filings • $1B+ nonprofits • Source year 2019

Asset Growth

2nd percentile

-17%

Faster asset growth than 2% of similar nonprofits.

2019 filings • $1B+ nonprofits • Annualized from 2018 to 2019

Revenue Growth

7th percentile

-16%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • $1B+ nonprofits • Annualized from 2018 to 2019

Assets

Down

$441,854,330

Down $91,888,053 (-17%) from 2018

Net Assets

Down

$418,128,135

Down $85,730,572 (-17%) from 2018

Liabilities

Down

$23,726,195

Down $6,157,481 (-21%) from 2018

Revenue

Down

$1,331,682,978

Down $251,723,848 (-16%) from 2018

Expenses

Down

$1,455,498,577

Down $244,019,157 (-14%) from 2018

Net Income

Down

-$123,815,599

Down $7,704,691 (-6.6%) from 2018

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

2019

Assets$441,854,330
Liabilities$23,726,195
Net Assets$418,128,135

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

2019

Revenue$1,331,682,978
Expenses$1,455,498,577
Net Income-$123,815,599
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$1,837,164,183
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$503,858,707$418,128,135▼ $85,730,572
Investments in Publicly Traded Securities$376,914,941$311,147,909▼ $65,767,032
Investments Other Securities$33,997,941$21,937,600▼ $12,060,341
Savings and Temporary Cash Investments$4,983,040$8,803,601▲ $3,820,561
Cash and Non-Interest-Bearing Accounts$3,001,601$3,149,501▲ $147,900
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$0→ $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$533,742,383$441,854,330▼ $91,888,053
Other Assets Total$114,844,860$96,815,719▼ $18,029,141
Liabilities
Other Liabilities$17,646,771$13,768,746▼ $3,878,025
Accounts Payable and Accrued Expenses$12,236,905$9,957,449▼ $2,279,456
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$29,883,676$23,726,195▼ $6,157,481
Net Assets / Fund Balance
Total Net Assets Fund Balance$503,858,707$418,128,135▼ $85,730,572
Total Liabilities and Net Assets / Fund Balance$533,742,383$441,854,330▼ $91,888,053

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$90,685,000--
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
State Street Global AdvisorsInvestment Mgmt1600 SUMMER STREET, Stamford, CT 06905$970,078
Trident V LPInvestment MgmtC/O STONE POINT CAPITAL 20 HORSENE, Greenwich, CT 06830$447,013
Warburg Pincus Private EquityInvestment Mgmt450 LEXINGTON AVENUE 32ND FLOOR, New York, NY 10017-3911$403,992
State Street Bank And TrustCustodianONE LINCOLN STREET, Boston, MA 02111$318,780
Kpmg LLPAccounting Services515 BROADWAY, Albany, NY 12207$220,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,310,100,908
Investment Income
$21,582,070
Other Revenue
$0
Change in Net Assets
$-123,815,599
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$36,848,770
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$1,418,649,807--$1,418,649,807
Other Expenses-$33,895,480-$33,895,480
Fees for Service Investment Mgmnt Fees-$2,953,290-$2,953,290
Total Functional Expenses$1,418,649,807$36,848,770$0$1,455,498,577
International Activity

International Summary

Offices
0
Employees
0
Spending
$2,397,364

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-00$1,399,339
North AmericaInvestments-00$715,521
South AmericaInvestments-00$151,335
East Asia and the PacificInvestments-00$84,026
Central America and the CaribbeanInvestments-00$47,143
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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$13,768,746
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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. State street global advisors ("ssga"), a division of state street bank and trust company, was appointed investment advisor 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 ssga tax department for review. The ssga tax department reviews form 990 as prepared by pwc for accuracy. Upon approval, the ssga tax department reviews form 990 (and form 990-t, if required) with ssga's financial leader and appropriate individuals in ge's tax department prior to signature and filing. The finance leader 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

Ssga is a registered investment adviser under the investment advisers act of 1940, as amended and provides investment management services to geipt. Ssga 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 ssga's compliance department. All employees of geipt's investment adviser 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
% RICHARD MIDDLEBROOK
Phone
6176646886
Address
1 IRON STREET Suite 8TH FL, BOSTON, MA 02210

Signing Officer

Name
Richard Middlebrook
Title
Trustee
Phone
6176646886
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Middlebrook
Formed
1987
Legal Domicile
Ct
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
PricewaterhouseCoopers LLP
Address
300 Madison Avenue, New York, NY 10017
Preparer
Robert W Friz
Phone
6464713000
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IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0524338479
IRS990/GrossReceiptsAmt01837164183
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt02242236
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02724796
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0482560
IRS990/InvestmentInJointVentureInd0true
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt033997941
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt021937600
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0376914941
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0311147909
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0505481205
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
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
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0503858707
IRS990/NetAssetsOrFundBalancesEOYAmt0418128135
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt018836300
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt018857274
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt020974
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0365346
IRS990/NetUnrlzdGainsLossesInvstAmt038085027
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0114844860
IRS990/OtherAssetsTotalGrp/EOYAmt096815719
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt033895480
IRS990/OtherExpensesGrp/TotalAmt033895480
IRS990/OtherLiabilitiesGrp/BOYAmt017646771
IRS990/OtherLiabilitiesGrp/EOYAmt013768746
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0RICHARD MIDDLEBROOK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1PARTICIPANT CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0948921810
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1361179098
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0948921810
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1361179098
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt01654091562
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt028343336
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt045426172
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01555063490
IRS990/PYRevenuesLessExpensesAmt0-116110908
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01699517734
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01583406826
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-123815599
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01310100908
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04983040
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08803601
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06130719
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt190685000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM BROKERS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1COMPANY CONTRIBUTIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013768746
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO BROKERS
IRS990ScheduleD/TotalBookValueOtherAssetsAmt096815719
IRS990ScheduleD/TotalLiabilityAmt013768746
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt40
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt40
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt01399339
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1715521
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt2151335
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt384026
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt447143
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Europe (Including Iceland and Greenland)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1North America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2South America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3East Asia and the Pacific
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt4Central America and the Caribbean
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Investments
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Investments
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2Investments
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt3Investments
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt4Investments
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0true
IRS990ScheduleF/ForeignPartnershipInd0true
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0true
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt02397364
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt02397364
IRS990ScheduleF/TransferToForeignCorpInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GE 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. STATE STREET GLOBAL ADVISORS ("SSGA"), A DIVISION OF STATE STREET BANK AND TRUST COMPANY, WAS APPOINTED INVESTMENT ADVISOR BY GEIPT AND MANAGES THE ASSETS ACCORDINGLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH 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 SSGA TAX DEPARTMENT FOR REVIEW. THE SSGA TAX DEPARTMENT REVIEWS FORM 990 AS PREPARED BY PWC FOR ACCURACY. UPON APPROVAL, THE SSGA TAX DEPARTMENT REVIEWS FORM 990 (AND FORM 990-T, IF REQUIRED) WITH SSGA'S FINANCIAL LEADER AND APPROPRIATE INDIVIDUALS IN GE'S TAX DEPARTMENT PRIOR TO SIGNATURE AND FILING. THE FINANCE LEADER SERVES AS TRUSTEE TO GEIPT AND IS DESIGNATED WITH FINANCIAL AND TAX REPORTING RESPONSIBILITY WITH RESPECT TO GEIPT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SSGA IS A REGISTERED INVESTMENT ADVISER UNDER THE INVESTMENT ADVISERS ACT OF 1940, AS AMENDED AND PROVIDES INVESTMENT MANAGEMENT SERVICES TO GEIPT. SSGA 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 SSGA'S COMPLIANCE DEPARTMENT. ALL EMPLOYEES OF GEIPT'S INVESTMENT ADVISER ARE REQUIRED TO COMPLY WITH SUCH POLICIES AND MUST CONFIRM, NO LESS THAN QUARTERLY, COMPLIANCE WITH THE CONFLICTS OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GEIPT DOES NOT HAVE EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IN TOTAL, IT IS ESTIMATED THAT EACH BOARD MEMBER SPENDS LESS THAN ONE HOUR PER WEEK ON THE ACTIVITIES OF THIS ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION A, IN GENERAL-GOVERNING BODY AND MANAGEMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION B, LINE 11-GOVERNING BODY AND MANAGEMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION B, LINES 12, 13 & 14 - GOVERNING BODY AND MANAGEMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, SECTION B, LINE 15 - POLICIES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VI, SECTION C, LINE 19 - DISCLOSURE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART 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/DisregardedEntityName/BusinessNameLine1Txt0SUMMER STREET 2007 IPT PE INVTS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1SUMMER STREET 2008 IPT PE INVTS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2SUMMER ST IPT US PVT EQ INVTRS 2005 LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0510169382
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1510169382
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN2510169382
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0DE

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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
2019Detailed filing. Detailed filing data is available for this year.$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