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Retirement plan

NORTHROP GRUMMAN RETIREMENT PLAN B

NORTHROP GRUMMAN CORPORATIONEIN 80-0640649Plan #041PY 2017
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2980 FAIRVIEW PARK DRIVE - FALLS CHURCH, VA 220424511703-280-2900northropgrumman.comLinkedIn10001+ employeesdefense & space
Other plans on this EIN
9 filings
#011Retirement-$24.20B assets#030Retirement-$17.75B assets#007Retirement-$7.22B assets#045Retirement-$599.7M assets#040Retirement-$597.6M assets#010Retirement-$566.2M assets#029Retirement-$104.3M assets#031Retirement--#032Retirement--
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 10/11/2018
Plan administrator entity
NG BENEFIT PLANS ADMINISTRATIVE COMMITTEE
EIN 953058633
(800) 894-4194
How to read this page

Summary metrics

Total assets (EOY)
$2073.1M
-1.6% from 2016
Total participants
18,263
+2.2% from 2016
Average account balance
$0
No prior year
Annual return
26.00%
-8.07 pp from 2016

Benchmarks

See 170 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants1,000-4,999
Cohort170 peers
Snapshot2017
Participant deferral / active EE
$0
median $370
Employer contribution / active EE
$0
median $8,659
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
26.00%
median 13.78%
Overall peer rank
98th 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 17 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL1 year
Service code 15 · EIN 04-2647786
Recordkeeping
$692,758
WILLIS TOWERS WATSON DELAWARE INC.2 years
Service code 11 · EIN 53-0181291
Actuarial
$513,700
HEWITT ASSOCIATES LLC3+ years
Service code 15 · EIN 36-2235791
Recordkeeping
$391,953
STATE STREET GLOBAL ADVISORS1 year
Service code 25 · EIN 81-4017137
Directed Trustee
$231,043
SEYFARTH SHAW LLP3+ years
Service code 29 · EIN 36-2152202
Legal
$155,769
DELOITTE & TOUCHE LLP3+ years
Service code 10 · EIN 13-3891517
Accounting
$113,816
HERRONPALMER LLC3+ years
Service code 49
10230 HUMBOLDT AVE SOUTH · BLOOMINGTON, MN 55431
Other Services
$37,409
ANACOMP INC1 year
Service code 49 · EIN 35-1144230
Other Services
$34,075
SEI INVESTMENT COMPANY3+ years
Service code 13
1 FREEDOM VALLEY DRIVE · OAKS, PA 19456
Contract Administrator
$27,977
CHIPTON-ROSS3+ years
Service code 13 · EIN 39-1341435
Contract Administrator
$27,189

Enrolled actuary

1 attachment
SB

ALEXANDER LANDSMAN

TOWERS WATSON DELAWARE INC.
Enrollment #1705399
500 NORTH 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
$3.8M
$1480 / participant
  • Other / not subdivided$4M100.0%
% of EOY assets
0.182%
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