Retirement plan
NORTHROP GRUMMAN PENSION PLAN
NORTHROP GRUMMAN CORPORATIONEIN 80-0640649Plan #030PY 2016
2980 FAIRVIEW PARK DRIVE - FALLS CHURCH, VA 220424511703-280-2900northropgrumman.comLinkedIn10001+ employeesdefense & space
Other plans on this EIN
10 filingsProspect flagsHigh retiree %Low employer contribution
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JEFF SCHMIDT-CORP VP COMP&BEN
Signed 10/11/2017
Summary metrics
Total assets (EOY)
$16008.6M
-2.0% from 2016
Total participants
108,359
+1.0% from 2016
Average account balance
$0
No prior year
Annual return
7.64%
-8.50 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants>=10,000
Cohort32 peers
Snapshot2016
0
Participant deferral / active EE
$0
median $61
3
Employer contribution / active EE
$1,330
median $5,746
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $40,289
0
Admin fee / account holder
$0
median $312
55
Annual return
7.64%
median 7.59%
Overall peer rank
29of 100
29th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$18.78B
Average account balance
Total assets / participants with a balance (line 6g)
$180K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
93,059
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$340.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$20K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+4.55%
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 10 of 37 by compensation
| Provider | Service type | Compensation |
|---|---|---|
HEWITT ASSOCIATES LLC2+ years Service code 15 · EIN 36-2235791 | Recordkeeping | $9,940,291 |
STATE STREET BANK & TRUST CO.2+ years Service code 25 · EIN 04-1867445 | Directed Trustee | $2,720,323 |
Service code 11 · EIN 53-0181291 | Actuarial | $1,958,247 |
SEYFARTH SHAW LLP2+ years Service code 29 · EIN 36-2152202 | Legal | $762,850 |
Service code 12 · EIN 95-4331852 | Claims processing; Recordkeeping and ... | $590,266 |
CHIPTON-ROSS2+ years Service code 13 · EIN 39-1341435 | Contract Administrator | $393,848 |
HERRONPALMER LLC2+ years Service code 49 10230 HUMBOLDT AVE SOUTH · BLOOMINGTON, MN 55431 | Other Services | $300,225 |
CALLAN ASSOCIATES2+ years Service code 34 · EIN 94-2192581 | Direct payment from the plan; Valuati... | $276,418 |
SEI INVESTMENT COMPANY2+ years Service code 13 1 FREEDOM VALLEY DRIVE · OAKS, PA 19456 | Contract Administrator | $254,024 |
DELOITTE & TOUCHE LLP2+ years Service code 10 · EIN 13-3891517 | Accounting | $183,375 |
Enrolled actuary
1 attachment
SB
THOMAS R. SUPPLE
TOWERS WATSON DELAWARE INC.
Enrollment #1705740
300 SOUTH GRAND AVENUE, STE 2000
LOS ANGELES, CA 90071
(213) 337-6000
Plan features & details
Pension benefit codes1A1C1E3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1CCash balance or similar planA cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
- 1ESection 401(h) arrangementPlan contains separate accounts under Code section 401(h) to provide employee health benefits.
- 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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Expense breakdown
Schedule H Part II
Admin total
$71.9M
$3457 / participant
- Other / not subdivided$72M100.0%
% of EOY assets
0.449%
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