Retirement plan
NORTHROP GRUMMAN SAVINGS PLAN
NORTHROP GRUMMAN CORPORATIONEIN 80-0640649Plan #011PY 2023
2980 FAIRVIEW PARK DRIVE - FALLS CHURCH, VA 220424511703-280-2900northropgrumman.comLinkedIn10001+ employeesdefense & space
Prospect flagsLow returns
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JEFF SCHMIDT-CORP VP, TOTAL REWARDS
Signed 05/28/2025
Summary metrics
Total assets (EOY)
$36173.1M
-7.3% from 2016
Total participants
157,450
+4.4% from 2016
Average account balance
$233,535
-6.3% from 2016
Annual return
13.21%
-6.87 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants>=10,000
Cohort93 peers
Snapshot2023
86
Participant deferral / active EE
$12,861
median $8,533
63
Employer contribution / active EE
$6,039
median $5,334
63
Participation rate
97.6%
median 96.6%
79
Avg account balance
$233,535
median $147,686
35
Admin fee / account holder
$74
median $62
14
Annual return
13.21%
median 18.49%
Overall peer rank
57of 100
57th 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 16 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $5,059,335 |
STRATEGIC ADVISORS, INC.5 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $4,967,259 |
Service code 19 · EIN 04-1867445 | Securities Custodian | $611,100 |
DELOITTE & TOUCHE LLP9+ years Service code 10 · EIN 13-3891517 | Accounting | $206,980 |
CALLAN ASSOCIATES9+ years Service code 34 · EIN 94-2192581 | Direct payment from the plan; Valuati... | $110,735 |
CHIPTON-ROSS9+ years Service code 13 · EIN 39-1341435 | Contract Administrator | $104,264 |
OSI DIGITAL INC4 years Service code 16 · EIN 95-4844560 | Consulting | $49,522 |
HERRONPALMER LLC9+ years Service code 16 · EIN 45-4725418 | Consulting | $48,455 |
Service code 10 · EIN 87-2525370 | Accounting | $37,561 |
Service code 49 · EIN 11-3350196 | Other Services | $27,866 |
Plan features & details
Pension benefit codes2E2F2G2J2K2O2R2S2T3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants 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.
- 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.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3HControlled group memberPlan 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
$11.5M
$110 / participant
- Recordkeeping$5M43.9%
- Trustee / custodial$611K5.3%
- Investment mgmt$5M43.1%
- Other / not subdivided$875K7.6%
% of EOY assets
0.032%
all-in expense ratio
Categories reported
3 / 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
- $212,780
- Opinion code
- Unqualified