Retirement plan
NG FINANCIAL SECURITY AND SAVINGS PROGRAM
NORTHROP GRUMMAN CORPORATIONEIN 80-0640649Plan #010PY 2023
2980 FAIRVIEW PARK DRIVE - FALLS CHURCH, VA 220424511703-280-2900northropgrumman.comLinkedIn10001+ employeesdefense & space
Prospect flagsLow returnsWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JEFF SCHMIDT-CORP VP, TOTAL REWARDS
Signed 06/17/2024
Summary metrics
Total assets (EOY)
$489M
+2.0% from 2016
Total participants
3,081
+33.6% from 2016
Average account balance
$160,333
-9.4% from 2016
Annual return
13.18%
-5.72 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants250-999
Cohort2,421 peers
Snapshot2023
0
Participant deferral / active EE
$0
median $4,237
0
Employer contribution / active EE
$0
median $1,914
73
Participation rate
96.3%
median 90.8%
92
Avg account balance
$160,333
median $62,165
67
Admin fee / account holder
$89
median $136
11
Annual return
13.18%
median 17.42%
Overall peer rank
61of 100
61st 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 6 by compensation
| Provider | Service type | Compensation |
|---|---|---|
DELOITTE & TOUCHE LLP9+ years Service code 10 · EIN 13-3891517 | Accounting | $132,586 |
Service code 37 · EIN 04-2647786 | Loan Processing | $41,884 |
STRATEGIC ADVISORS, INC.5 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $34,488 |
Service code 19 · EIN 04-1867445 | Securities Custodian | $28,815 |
FUTURE TECH ENTERPRISE INC7 years Service code 49 · EIN 11-3350196 | Other Services | $6,967 |
CHIPTON-ROSS INC1 year Service code 13 · EIN 39-1341435 | Contract Administrator | $5,027 |
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
- 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
$271K
$324 / participant
- Other / not subdivided$271K100.0%
% of EOY assets
0.055%
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