Company: GE
Filing Date: 2025-06-11
Form Type: 11-K
Source: 0000040545-25-000101
Chunk: 13

Company: GENERAL ELECTRIC CO
Filing Date: 2025-06-11
Form: 11-K
Chunk 13
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 Fund as of December 31, 2024 and the GE HealthCare Common Stock Fund as of December 31, 2023. The Plan purchased $168.1 million and $106.7 million, sold $756.3 million and $1,447.8 million, and recorded dividend income of $10.5 and $6.2 million during the 2024 and 2023 plan years, respectively. The Plan purchased $264.5 million and sold $59.9 million of the GE Vernova Common Stock for the year ended December 31, 2024. The GE HealthCare Stock Fund was fully liquidated in January 2024.

(8) Tax Status

In December 2016, the Internal Revenue Service began publishing a Required Amendments List ("IRS List") for individually designed plans which specifies changes in qualification requirements. The list is published annually and requires plans to be amended for each item on the list, as applicable, to retain its tax-exempt status.

The IRS has notified the Company by a letter dated September 5, 2024, that the Plan is qualified under the appropriate sections of the IRC and that the related trust is tax-exempt.

The portion of a participant’s compensation contributed to the Plan as a pre-tax contribution and the Company’s matching contribution CRCs are not subject to Federal income tax when such contributions are credited to participant accounts, subject to certain limitations. These amounts and any investment results may be included in the participant’s gross taxable income for the year in which such amounts are withdrawn from the Plan.

(9) Amendments

Effective July 1, 2023, the Plan was amended to reflect changes related to collective bargaining and certain provisions of the SECURE 2.0 Act of 2022.

(10) Subsequent Events

Subsequent events through June 11, 2025, the date that the financial statements were issued, have been evaluated in the preparation of these financial statements.

In April 2025, the GE Vernova Stock Fund was liquidated by Newport Trust Company, the fund’s independent fiduciary. The proceeds from the liquidation were reinvested in the default investment option, which is the TRD Fund based on the participant’s age. Prior to the liquidation, participants were able to elect at any time to transfer out of the GE Vernova Stock Fund and into other available investment options under the Plan.

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GE AEROSPACE RETIREMENT SAVINGS PLAN

Notes