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Retirement plan

NORTHROP GRUMMAN RETIREMENT PLAN B

NORTHROP GRUMMAN CORPORATIONEIN 80-0640649Plan #041PY 2016
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2980 FAIRVIEW PARK DRIVE - FALLS CHURCH, VA 220424511703-280-2900northropgrumman.comLinkedIn10001+ employeesdefense & space
Other plans on this EIN
10 filings
#011Retirement-$20.87B assets#030Retirement-$16.01B assets#007Retirement-$6.14B assets#010Retirement-$534.2M assets#045Retirement-$523.0M assets#040Retirement-$510.2M assets#032Retirement-$141.5M assets#029Retirement-$95.4M assets#031Retirement-$12.3M assets#037Retirement--
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 10/11/2017
Plan administrator entity
NG BENEFIT PLANS ADMINISTRATIVE COMMITTEE
EIN 953058633
(800) 894-4194
How to read this page

Summary metrics

Total assets (EOY)
$1748.5M
-1.6% from 2016
Total participants
18,413
+2.2% from 2016
Average account balance
$0
No prior year
Annual return
8.11%
-8.07 pp from 2016

Benchmarks

See 182 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants1,000-4,999
Cohort182 peers
Snapshot2016
Participant deferral / active EE
$0
median $293
Employer contribution / active EE
$0
median $6,793
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $381,942,733
Admin fee / account holder
$0
median $2,655,710
Annual return
8.11%
median 6.73%
Overall peer rank
75th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$2.05B
Average account balance
Total assets / participants with a balance (line 6g)
$101K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
18,984
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
$700K
Not enough data
1 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$294
Not enough data
1 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+3.56%
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 15 by compensation
ProviderService typeCompensation
HEWITT ASSOCIATES LLC2+ years
Service code 15 · EIN 36-2235791
Recordkeeping
$1,020,322
WILLIS TOWERS WATSON DELAWARE INC.1 year
Service code 11 · EIN 53-0181291
Actuarial
$821,357
SEYFARTH SHAW LLP2+ years
Service code 29 · EIN 36-2152202
Legal
$462,450
STATE STREET BANK & TRUST CO.2+ years
Service code 25 · EIN 04-1867445
Directed Trustee
$365,057
DELOITTE & TOUCHE LLP2+ years
Service code 10 · EIN 13-3891517
Accounting
$101,475
CHIPTON-ROSS2+ years
Service code 13 · EIN 39-1341435
Contract Administrator
$40,524
HERRONPALMER LLC2+ years
Service code 49
10230 HUMBOLDT AVE SOUTH · BLOOMINGTON, MN 55431
Other Services
$32,925
CALLAN ASSOCIATES2+ years
Service code 34 · EIN 94-2192581
Valuation (appraisals, etc.); Direct ...
$30,307
SEI INVESTMENT COMPANY2+ years
Service code 13
1 FREEDOM VALLEY DRIVE · OAKS, PA 19456
Contract Administrator
$28,049
EPLUS TECHNOLOGY INC1 year
Service code 49 · EIN 54-1904151
Other Services
$15,196

Enrolled actuary

1 attachment
SB

ALEXANDER LANDSMAN

TOWERS WATSON DELAWARE INC.
Enrollment #1705399
500 N. AKARD STREET, SUITE 4100
DALLAS, TX 75201
(214) 530-4200

Plan features & details

Pension benefit codes1A1C1D3H
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).
  • 1D
    Floor-offset plan
    Defined benefit plan whose benefits are offset by retirement benefits provided under an employer-sponsored defined contribution 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

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
$4.1M
$1587 / participant
  • Other / not subdivided$4M100.0%
% of EOY assets
0.235%
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