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Retirement plan

NG SPACE&MISSION SYSTEMS CORP SALARIED PENSION PLA

NORTHROP GRUMMAN CORPORATIONEIN 80-0640649Plan #007PY 2016
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2980 FAIRVIEW PARK DRIVE - FALLS CHURCH, VA 220424511703-280-2900northropgrumman.comLinkedIn10001+ employeesdefense & space
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10 filings
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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
JEFF SCHMIDT-CORP VP COMP&BEN
Signed 10/11/2017
Plan administrator entity
NG BENEFIT PLANS ADMINISTRATIVE COMMITTEE
EIN 953058633
(800) 894-4194
How to read this page

Summary metrics

Total assets (EOY)
$6142.6M
-1.9% from 2016
Total participants
64,779
+1.1% from 2016
Average account balance
$0
No prior year
Annual return
7.58%
-8.43 pp from 2016

Benchmarks

See 32 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants>=10,000
Cohort32 peers
Snapshot2016
Participant deferral / active EE
$0
median $61
Employer contribution / active EE
$1,489
median $5,746
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $40,289
Admin fee / account holder
$0
median $312
Annual return
7.58%
median 7.59%
Overall peer rank
27th 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 32 by compensation
ProviderService typeCompensation
HEWITT ASSOCIATES LLC2+ years
Service code 15 · EIN 36-2235791
Recordkeeping
$4,329,389
STATE STREET BANK & TRUST CO.2+ years
Service code 25 · EIN 04-1867445
Directed Trustee
$1,184,786
WILLIS TOWERS WATSON DELAWARE INC.1 year
Service code 11 · EIN 53-0181291
Actuarial
$877,792
ANTHEM BLUE CROSS LIFE AND HEALTH2+ years
Service code 12 · EIN 95-4331852
Float revenue; Direct payment from th...
$625,755
SEYFARTH SHAW LLP2+ years
Service code 29 · EIN 36-2152202
Legal
$313,805
CHIPTON-ROSS2+ years
Service code 13 · EIN 39-1341435
Contract Administrator
$172,844
DELOITTE & TOUCHE LLP2+ years
Service code 10 · EIN 13-3891517
Accounting
$166,849
HERRONPALMER LLC2+ years
Service code 49
10230 HUMBOLDT AVE SOUTH · BLOOMINGTON, MN 55431
Other Services
$115,586
CALLAN ASSOCIATES2+ years
Service code 34 · EIN 94-2192581
Direct payment from the plan; Valuati...
$104,621
SEI INVESTMENT COMPANY2+ years
Service code 13
1 FREEDOM VALLEY DRIVE · OAKS, PA 19456
Contract Administrator
$97,550

Enrolled actuary

1 attachment
SB

CHRIS J. AKERMAN

TOWERS WATSON DELAWARE INC.
Enrollment #1707692
800 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
$29.7M
$2770 / participant
  • Other / not subdivided$30M100.0%
% of EOY assets
0.484%
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