New execs, no carrot:
Employees who become executives after 1/1/21
- For new executives starting in 2021, GE will provide a new defined contribution plan benefit that restores contributions limited in the 401(k) plan by the Internal Revenue Code. This is a common benefit offering as companies shift from traditional defined benefit plans to defined contribution plans.
Source: https://www.businesswire.com/news/home/20191007005406/en/GE-Announces-U.S.-Pension-Plan-Actions