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Retirement plan

NORTHROP GRUMMAN SAVINGS PLAN

NORTHROP GRUMMAN CORPORATIONEIN 80-0640649Plan #011PY 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
#030Retirement-$21.86B assets#007Retirement-$9.77B assets#041Retirement-$2.51B assets#045Retirement-$715.6M assets#040Retirement-$710.1M assets#010Retirement-$569.5M assets#029Retirement-$132.8M assets
Prospect flagsLow returns

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 06/21/2021
Plan administrator entity
NG BENEFIT PLANS ADMINISTRATIVE COMMITTEE
EIN 953058633
(800) 894-4194
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Summary metrics

Total assets (EOY)
$33180.5M
-7.3% from 2016
Total participants
143,640
+4.4% from 2016
Average account balance
$234,579
-6.3% from 2016
Annual return
11.80%
-6.87 pp from 2016

Benchmarks

See 86 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants>=10,000
Cohort86 peers
Snapshot2020
Participant deferral / active EE
$12,262
median $7,742
Employer contribution / active EE
$6,174
median $3,821
Participation rate
97.7%
median 96.2%
Avg account balance
$234,579
median $160,963
Admin fee / account holder
$78
median $59
Annual return
11.80%
median 14.41%
Overall peer rank
58th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$39.47B
Average account balance
Total assets / participants with a balance (line 6g)
$260K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
151,821
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
97.9%
Contributions (total)
Employer and participant dollars contributed each year
$2.06B
Contributions per participant
Average employer and participant contribution per enrolled participant
$21K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+12.93%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$77
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 15 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL6+ years
Service code 37 · EIN 04-2647786
Loan Processing
$4,565,927
STRATEGIC ADVISORS, INC.2 years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$4,502,319
STATE STREET BANK AND TRUST COMPANY3 years
Service code 19 · EIN 04-1867445
Securities Custodian
$370,975
DELOITTE & TOUCHE LLP6+ years
Service code 10 · EIN 13-3891517
Accounting
$195,488
CHIPTON-ROSS6+ years
Service code 13 · EIN 39-1341435
Contract Administrator
$96,020
CALLAN ASSOCIATES6+ years
Service code 34 · EIN 94-2192581
Valuation (appraisals, etc.); Direct ...
$58,856
WILLIS TOWERS WATSON DELAWARE INC3 years
Service code 11 · EIN 53-0181291
Actuarial
$34,290
SEYFARTH SHAW LLP6+ years
Service code 29 · EIN 36-2152202
Legal
$26,581
HOMES LOWRY HORN & JOHNSON LTD3 years
Service code 10 · EIN 54-0975470
Accounting
$18,850
EPLUS TECHNOLOGY INC5 years
Service code 49 · EIN 54-1904151
Other Services
$13,632

Plan features & details

Pension benefit codes2E2F2G2J2K2O2R3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash 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.
  • 2K
    Code section 401(m) arrangement
    Employee 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.
  • 2O
    ESOP other than a leveraged ESOP
    Employee stock ownership plan that is not leveraged.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

1 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II
Admin total
$11.0M
$115 / participant
  • Other / not subdivided$11M100.0%
% of EOY assets
0.033%
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