PlanOptica
Retirement plan

NG SPACE&MISSION SYSTEMS CORP SALARIED PENSION PLA

NORTHROP GRUMMAN CORPORATIONEIN 80-0640649Plan #007PY 2020
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2980 FAIRVIEW PARK DRIVE - FALLS CHURCH, VA 220424511703-280-2900northropgrumman.comLinkedIn10001+ employeesdefense & space
Other plans on this EIN
7 filings
#011Retirement-$33.18B assets#030Retirement-$21.86B assets#041Retirement-$2.51B assets#045Retirement-$715.6M assets#040Retirement-$710.1M assets#010Retirement-$569.5M assets#029Retirement-$132.8M assets
Prospect flagsHigh retiree %Wind-down / frozen

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 10/11/2021
Plan administrator entity
NG BENEFIT PLANS ADMINISTRATIVE COMMITTEE
EIN 953058633
(800) 894-4194
How to read this page

Summary metrics

Total assets (EOY)
$9766.4M
-1.9% from 2016
Total participants
64,771
+1.1% from 2016
Average account balance
$0
No prior year
Annual return
15.97%
-8.43 pp from 2016

Benchmarks

See 189 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants5,000-9,999
Cohort189 peers
Snapshot2020
Participant deferral / active EE
$0
median $28
Employer contribution / active EE
$0
median $7,585
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
15.97%
median 12.08%
Overall peer rank
81st 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 20 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL5 years
Service code 15 · EIN 04-2647786
Recordkeeping
$3,353,207
WILLIS TOWERS WATSON DELAWARE INC.5 years
Service code 11 · EIN 53-0181291
Actuarial
$429,077
STATE STREET BANK AND TRUST COMPANY3 years
Service code 25 · EIN 04-1867445
Directed Trustee
$309,841
DELOITTE & TOUCHE LLP6+ years
Service code 10 · EIN 13-3891517
Accounting
$168,186
ROPES & GRAY LLP3 years
Service code 29 · EIN 04-2233412
Legal
$150,186
SEI INVESTMENT COMPANY6+ years
Service code 16
1 FREEDOM VALLEY DRIVE · OAKS, PA 19456
Consulting
$145,053
CALLAN ASSOCIATES6+ years
Service code 34 · EIN 94-2192581
Valuation (appraisals, etc.); Direct ...
$101,343
ALBOURNE AMERICA LLC5 years
Service code 50 · EIN 91-2164625
Direct Payment
$61,883
PKF O'CONNOR DAVIES LLP1 year
Service code 10 · EIN 27-1728945
Accounting
$60,069
CHIPTON-ROSS INC.1 year
Service code 13 · EIN 39-1341435
Contract Administrator
$53,602

Enrolled actuary

1 attachment
SB

CHRIS J. AKERMAN

WILLIS TOWERS WATSON US LLC
Enrollment #2007692
800 NORTH GLEBE ROAD, FLOOR 10
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
  • InformationalHigh retiree %

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

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$46.9M
$5140 / participant
  • Other / not subdivided$47M100.0%
% of EOY assets
0.480%
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