Retirement plan

NG MASTER INACTIVE QUALIFIED PLAN

NORTHROP GRUMMAN CORPORATIONEIN 80-0640649Plan #029PY 2024
2980 FAIRVIEW PARK DRIVE - FALLS CHURCH, VA 220424511703-280-2900northropgrumman.comLinkedIn10001+ employeesdefense & space
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, TOTAL REWARDS
Signed 10/07/2025
Plan administrator entity
NG BENEFIT PLANS ADMINISTRATIVE COMMITTEE
EIN 953058633
(800) 894-4194

Summary metrics

Total assets (EOY)
$104.1M
-1.3% from 2016
Total participants
2,899
+2.1% from 2016
Average account balance
$0
No prior year
Annual return
2.94%
-7.94 pp from 2016

Benchmarks

Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants<25
Cohort1,447 peers
Snapshot2024
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $15,172
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $50,742
Admin fee / account holder
$0
median $2,471
Annual return
2.94%
median 5.92%
Overall peer rank
29th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$104.11M
Average account balance
Total assets / participants with a balance (line 6g)
$36K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
2,899
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
Not enough data
0 years with eligibility data
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
+2.94%
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 4 by compensation
ProviderService typeCompensation
Service code 15 · EIN 04-2647786
Recordkeeping
$109,716
Service code 10 · EIN 13-3891517
Accounting
$76,008
Service code 11 · EIN 53-0181291
Actuarial
$41,993
Service code 10 · EIN 87-2525370
Accounting
$7,302

Enrolled actuary

1 attachment
SB

THOMAS R. SUPPLE

WILLIS TOWERS WATSON US LLC
Enrollment #2305740
300 SOUTH GRAND AVENUE, STE 2000
LOS ANGELES, CA 90071
(213) 337-6000

Plan features & details

Pension benefit codes1A1I3H
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).
  • 1I
    Frozen plan
    As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
  • 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
$556K
  • Recordkeeping$110K19.7%
  • Trustee / custodial$3K0.5%
  • Legal$2K0.3%
  • Actuarial$40K7.2%
  • Other / not subdivided$402K72.2%
% of EOY assets
0.534%
all-in expense ratio
Categories reported
4 / 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
$83,310
Opinion code
Unqualified