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Retirement plan

NG SPACE&MISSION SYSTEMS CORP SALARIED PENSION PLA

NORTHROP GRUMMAN CORPORATIONEIN 80-0640649Plan #007PY 2015
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2980 FAIRVIEW PARK DRIVE - FALLS CHURCH, VA 220424511703-280-2900northropgrumman.comLinkedIn10001+ employeesdefense & space
Other plans on this EIN
10 filings
#011Retirement-$19.35B assets#030Retirement-$15.69B assets#041Retirement-$1.72B assets#010Retirement-$544.9M assets#045Retirement-$508.8M assets#040Retirement-$499.9M assets#032Retirement-$140.5M assets#029Retirement-$94.2M assets#031Retirement-$12.4M assets#037Retirement-$517K assets
Prospect flagsHigh retiree %Low employer contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(703) 280-2900
Plan administrator signer
CONSTANCE SOLOWAY-CORP VP COMP&BEN
Signed 10/13/2016
Plan administrator entity
NG BENEFIT PLANS ADMINISTRATIVE COMMITTEE
EIN 953058633
(800) 894-4194
How to read this page

Summary metrics

Total assets (EOY)
$6026.5M
-1.9% from 2016
Total participants
65,488
+1.1% from 2016
Average account balance
$0
No prior year
Annual return
-0.85%
-8.43 pp from 2016

Benchmarks

See 209 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort209 peers
Snapshot2015
Participant deferral / active EE
$0
median $28
Employer contribution / active EE
$937
median $5,273
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $47,522
Admin fee / account holder
$0
median $275
Annual return
-0.85%
median -0.88%
Overall peer rank
31st percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$8.40B
Average account balance
Total assets / participants with a balance (line 6g)
$139K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
54,498
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$400.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$41K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+5.18%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 30 by compensation
ProviderService typeCompensation
HEWITT ASSOCIATES LLC1+ years
Service code 15 · EIN 36-2235791
Recordkeeping
$4,937,868
NORTHROP GRUMMAN CORPORATION1+ years
Service code 14 · EIN 80-0640649
Plan Administrator
$1,815,032
TOWERS WATSON DELAWARE INC1+ years
Service code 11 · EIN 53-0181291
Actuarial
$1,150,524
STATE STREET BANK & TRUST CO.1+ years
Service code 25 · EIN 04-1867445
Directed Trustee
$1,131,279
ANTHEM BLUE CROSS LIFE AND HEALTH1+ years
Service code 12 · EIN 95-4331852
Other services; Float revenue; Contra...
$573,113
SEYFARTH SHAW LLP1+ years
Service code 29 · EIN 36-2152202
Legal
$298,035
DELOITTE & TOUCHE LLP1+ years
Service code 10 · EIN 13-3891517
Accounting
$140,297
SEI INVESTMENT COMPANY1+ years
Service code 13
1 FREEDOM VALLEY DRIVE · OAKS, PA 19456
Contract Administrator
$123,168
CALLAN ASSOCIATES1+ years
Service code 34 · EIN 94-2192581
Valuation (appraisals, etc.); Direct ...
$86,033
TRUVEN HEALTH ANALYTICS INC1+ years
Service code 15 · EIN 06-1467923
Recordkeeping
$63,207

Enrolled actuary

1 attachment
SB

CHRIS J. AKERMAN

TOWERS WATSON DELAWARE INC.
Enrollment #1407692
901 NORTH GLEBE ROAD
ARLINGTON, VA 22203
(703) 258-8000

Plan features & details

Pension benefit codes1A1E3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1E
    Section 401(h) arrangement
    Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped
  • OpportunityLow employer contribution

    Employer contribution per participant is in the bottom quintile of the peer cohort.

  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II
Admin total
$15.6M
$1363 / participant
  • Other / not subdivided$16M100.0%
% of EOY assets
0.260%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
DELOITTE & TOUCHE LLP
Auditor EIN
133891517
Audit fees
(not subdivided)
Opinion code
Unqualified