PlanOptica
Retirement plan

NORTHROP GRUMMAN PENSION PLAN

NORTHROP GRUMMAN CORPORATIONEIN 80-0640649Plan #030PY 2018
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2980 FAIRVIEW PARK DRIVE - FALLS CHURCH, VA 220424511703-280-2900northropgrumman.comLinkedIn10001+ employeesdefense & space
Other plans on this EIN
7 filings
#011Retirement-$22.18B assets#007Retirement-$6.57B assets#041Retirement-$1.89B assets#045Retirement-$547.1M assets#040Retirement-$544.2M assets#010Retirement-$494.1M assets#029Retirement-$95.5M assets
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 COMP&BEN
Signed 10/11/2019
Plan administrator entity
NG BENEFIT PLANS ADMINISTRATIVE COMMITTEE
EIN 953058633
(800) 894-4194
How to read this page

Summary metrics

Total assets (EOY)
$16106.2M
-2.0% from 2016
Total participants
104,486
+1.0% from 2016
Average account balance
$0
No prior year
Annual return
-3.84%
-8.50 pp from 2016

Benchmarks

See 223 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort223 peers
Snapshot2018
Participant deferral / active EE
$0
median $34
Employer contribution / active EE
$0
median $5,100
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $7,764,297
Admin fee / account holder
$0
median $62,356
Annual return
-3.84%
median -3.72%
Overall peer rank
46th 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 35 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL3 years
Service code 15 · EIN 04-2647786
Recordkeeping
$5,580,752
STATE STREET BANK AND TRUST COMPANY1 year
Service code 25 · EIN 04-1867445
Directed Trustee
$1,714,117
WILLIS TOWERS WATSON DELAWARE INC.3 years
Service code 11 · EIN 53-0181291
Actuarial
$926,634
ANTHEM BLUE CROSS LIFE AND HEALTH3 years
Service code 12 · EIN 95-4331852
Direct payment from the plan; Other s...
$624,078
ROPES & GRAY LLP1 year
Service code 29 · EIN 04-2233412
Legal
$273,251
CALLAN ASSOCIATES4+ years
Service code 34 · EIN 94-2192581
Direct payment from the plan; Valuati...
$264,073
SEI INVESTMENT COMPANY4+ years
Service code 16
1 FREEDOM VALLEY DRIVE · OAKS, PA 19456
Consulting
$254,699
DELOITTE & TOUCHE LLP4+ years
Service code 10 · EIN 13-3891517
Accounting
$188,964
ALBOURNE AMERICA LLC3 years
Service code 50 · EIN 91-2164625
Direct Payment
$152,429
CHIPTON-ROSS4+ years
Service code 13 · EIN 39-1341435
Contract Administrator
$147,032

Enrolled actuary

1 attachment
SB

THOMAS R. SUPPLE

WILLIS TOWERS WATSON US LLC
Enrollment #1705740
300 SOUTH GRAND AVENUE, STE 2000
LOS ANGELES, CA 90071
(213) 337-6000

Plan features & details

Pension benefit codes1A1C1E3H
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).
  • 1C
    Cash balance or similar plan
    A 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).
  • 1E
    Section 401(h) arrangement
    Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
  • 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
$58.1M
$3246 / participant
  • Other / not subdivided$58M100.0%
% of EOY assets
0.361%
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