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GENERAL ELECTRIC COMPANY

(GE)
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Description:Annual Report of Employee Stock Plans

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06/25/2019 | 05:01pm EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 11-K

Annual Report Pursuant to Section 15(d) of the

Securities Exchange Act of 1934

(Mark One)

  • Annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934 (No Fee Required) For the fiscal year ended December 31, 2018

OR

  • Transition report pursuant to Section 15(d) of the Securities Exchange Act of 1934 (No Fee Required)

For the transition period from ___to ___

Commission file number 001-00035

    1. Full title of the plan and the address of the plan, if different from that of the issuer named below:
      GE RETIREMENT SAVINGS PLAN
  1. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

General Electric Company

41 Farnsworth Street

Boston, MA

GE RETIREMENT SAVINGS PLAN

Financial Statements and Supplemental Schedule

December 31, 2018 and 2017

(With Report of Independent Registered Public Accounting Firm Thereon)

GE RETIREMENT SAVINGS PLAN

December 31, 2018 and 2017

Table of Contents

Report of Independent Registered Public Accounting Firm

Financial Statements:

Statements of Net Assets Available for Plan Benefits as of December 31, 2018 and 2017

Statements of Changes in Net Assets Available for Plan Benefits for the Years Ended December 31, 2018 and 2017

Notes to Financial Statements

Supplemental Schedule: (i)

Schedule H, Line 4i- Schedule of Assets (Held at End of Year)

as of December 31, 2018

Page

Number(s)

3

4

5

6 - 17

18 - 23

  1. Schedules required by Form 5500 that are not applicable have not been included.

- 2 -

Report of Independent Registered Public Accounting Firm

To the Plan Participants and General Electric Company, as Administrator

GE Retirement Savings Plan:

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for plan benefits of the GE Retirement Savings Plan (the Plan) as of December 31, 2018 and 2017 , the related statements of changes in net assets available for plan benefits for the years then ended, and the related notes (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the net assets available for plan benefits of the Plan as of December 31, 2018 and 2017 , and the changes in net assets available for plan benefits for the years then ended, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Accompanying Supplemental Information

The supplemental information in the accompanying Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2018 , has been subjected to audit procedures performed in conjunction with the audit of the Plan's financial statements. The supplemental information is the responsibility of the Plan's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ KPMG LLP

KPMG LLP

We have served as the Plan's auditor since 1959.

Albany, New York

June 21, 2019

- 3 -

GE RETIREMENT SAVINGS PLAN

Statements of Net Assets Available for Plan Benefits

December 31, 2018 and 2017

(in thousands)

2018

2017

Assets:

Investments at fair value (notes 4 and 5)

$

22,896,202

$

27,760,962

Notes receivable from participants

351,216

390,087

Employer contribution receivable (note 1)

90,652

4,034

Accrued dividends and interest

7,456

37,015

Other assets

4,698

26,724

Total assets

23,350,224

28,218,822

Liabilities:

Other liabilities

37,606

21,625

Total liabilities

37,606

21,625

Net assets available for plan benefits

$

23,312,618

$

28,197,197

See accompanying notes to financial statements.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

GE - General Electric Company published this content on 25 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 June 2019 21:00:15 UTC

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