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401(k) Retirement Plan · Active

NORTHROP GRUMMAN SAVINGS PLAN

NORTHROP GRUMMAN CORPORATION·EIN 800640649
2980 FAIRVIEW PARK DRIVE · FALLS CHURCH, VA 220424511
Plan year
2024
Plan #
011
Industry
Filing ACK
202506161345…
Prospect flagsNo flags tripped

Summary metrics

Total assets (EOY)
$39473.8M
$260,002 per participant
Active participants
153,905
67.2% participation
Participation rate
67.2%
37th percentile
Annual return
12.93%
29th percentile
Admin expense
0.05%
% of assets
Flag timeline

Issue history by plan year

Tripped years: 0Watched years: 0
Section 02

How this plan compares

Peer groupIndustry33, Assets>$1B, Participants>=10,000, Snapshot2024
  • Participant contribution
    $14,10773rd pctile
  • Employer contribution
    $6,54752nd pctile
  • Participation rate
    67.2%37th pctile
  • Assets per participant
    $260,00262nd pctile
  • Expense efficiency
    $11736th pctile
  • Annual return
    12.93%29th pctile
Overall peer rank

Averaged across 6 normalized metrics within the selected peer group.

Fee trend
Return trend
Section 03

10-year trajectory2021 - 2024

How plan year 2024 played out
Asset flow
+$3.30B
Start of year to end of year
Section 04

Asset composition

End-of-year allocation
Cash drag vs peers
Section 04

Service providers

Top 10 of 15 by compensation
ProviderService typeCompensation
STRATEGIC ADVISORS, INC.
Service code 27
Advisory (Plan)
$5,633,561
FIDELITY INVESTMENTS INSTITUTIONAL
Service code 37
Loan Processing
$3,835,087
STATE STREET BANK AND TRUST COMPANY
Service code 19
Securities Custodian
$480,647
DELOITTE & TOUCHE LLP
Service code 10
Accounting
$209,070
FUTURE TECH ENTERPRISE INC.
Service code 49
Other Services
$116,308
CHIPTON-ROSS
Service code 13
Contract Administrator
$113,035
CALLAN ASSOCIATES
Service code 34
Valuation (appraisals, etc.); Direct ...
$59,121
CITRIN COOPERMAN ADVISORS LLC
Service code 10
Accounting
$38,798
EPLUS TECHNOLOGY INC
Service code 49
Other Services
$16,036
ROPES AND GRAY LLP
Service code 29
Legal
$14,109
Section 05

Plan features & details

Show features, contributions, expenses, fidelity bond & compliance
Pension benefit codes2E2F2G2J2K2O2R2S2T3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2O
    ESOP other than a leveraged ESOP
    Employee stock ownership plan that is not leveraged.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Contributions
Employer total$653,387,916
Participant total$1,407,877,875
Employer / P$6,547
Participant / P$14,107
Expenses
Admin expenses$11,661,911
Per participant$116.85
% of assets0.03%
Fidelity bond
Coverage amount$100,000,000
% of assets0.25%Below ERISA §412 10% minimum
Section 06

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