Retirement plan
NG FINANCIAL SECURITY AND SAVINGS PROGRAM
NORTHROP GRUMMAN CORPORATIONEIN 80-0640649Plan #010PY 2015
2980 FAIRVIEW PARK DRIVE - FALLS CHURCH, VA 220424511703-280-2900northropgrumman.comLinkedIn10001+ employeesdefense & space
Other plans on this EIN
10 filingsProspect flagsLow participationWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
CONSTANCE SOLOWAY-CORP VP COMP&BEN
Signed 06/27/2016
Plan administrator entity
NG BENEFIT PLANS ADMINISTRATIVE COMMITTEE
EIN 953058633
2980 FAIRVIEW DRIVE · FALLS CHURCH, VA 220424511
(800) 894-4194Summary metrics
Total assets (EOY)
$544.9M
+2.0% from 2016
Total participants
6,702
+33.6% from 2016
Average account balance
$97,176
-9.4% from 2016
Annual return
-0.26%
-5.72 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants1,000-4,999
Cohort742 peers
Snapshot2015
0
Participant deferral / active EE
$0
median $3,659
0
Employer contribution / active EE
$0
median $1,862
14
Participation rate
58.6%
median 92.4%
76
Avg account balance
$97,176
median $60,160
4
Admin fee / account holder
$182
median $34
25
Annual return
-0.26%
median 0.65%
Overall peer rank
30of 100
30th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$487.67M
Average account balance
Total assets / participants with a balance (line 6g)
$174K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
2,796
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
95.2%
Contributions (total)
Employer and participant dollars contributed each year
Not enough data
0 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
Not enough data
0 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+12.04%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$102
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 7 by compensation
| Provider | Service type | Compensation |
|---|---|---|
HEWITT ASSOCIATES LLC1+ years Service code 15 · EIN 36-2235791 | Recordkeeping | $290,890 |
DELOITTE & TOUCHE LLP1+ years Service code 10 · EIN 13-3891517 | Accounting | $202,974 |
FINANCIAL ENGINES1+ years Service code 49 · EIN 94-3250323 | Other Services | $111,693 |
SEYFARTH SHAW LLP1+ years Service code 29 · EIN 36-2152202 | Legal | $43,594 |
STATE STREET BANK & TRUST CO1+ years Service code 25 · EIN 04-1867445 | Directed Trustee | $32,876 |
ANACOMP INC1+ years Service code 49 · EIN 35-1144230 | Other Services | $24,694 |
KES MAIL LLC1+ years Service code 49 · EIN 74-3075854 | Other Services | $11,659 |
Plan features & details
Pension benefit codes2E2H2I2J2K2O3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2HPartial participant-directed account planParticipants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2IStock bonusStock bonus plan.
- 2JCode section 401(k) featureCash 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.
- 2KCode section 401(m) arrangementEmployee 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.
- 2OESOP other than a leveraged ESOPEmployee stock ownership plan that is not leveraged.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
2 tripped
- OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
- 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
$1.0M
$385 / participant
- Other / not subdivided$1M100.0%
% of EOY assets
0.187%
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 & TOUCH LLP
- Auditor EIN
- 133891517
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified