Retirement plan
NORTHROP GRUMMAN RETIREMENT PLAN B
NORTHROP GRUMMAN CORPORATIONEIN 80-0640649Plan #041PY 2018
2980 FAIRVIEW PARK DRIVE - FALLS CHURCH, VA 220424511703-280-2900northropgrumman.comLinkedIn10001+ employeesdefense & space
Prospect flagsHigh retiree %Low employer contribution
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JEFF SCHMIDT-CORP VP COMP&BEN
Signed 10/10/2019
Summary metrics
Total assets (EOY)
$1886M
-1.6% from 2016
Total participants
17,639
+2.2% from 2016
Average account balance
$0
No prior year
Annual return
-2.95%
-8.07 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants1,000-4,999
Cohort153 peers
Snapshot2018
0
Participant deferral / active EE
$0
median $198
10
Employer contribution / active EE
$294
median $4,409
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $5,379,476
0
Admin fee / account holder
$0
median $4,675
74
Annual return
-2.95%
median -4.73%
Overall peer rank
42of 100
42nd 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
| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 04-2647786 | Recordkeeping | $1,050,810 |
Service code 11 · EIN 53-0181291 | Actuarial | $751,161 |
DELOITTE & TOUCHE LLP4+ years Service code 10 · EIN 13-3891517 | Accounting | $209,125 |
Service code 25 · EIN 04-1867445 | Directed Trustee | $190,577 |
ROPES & GRAY LLP1 year Service code 29 · EIN 04-2233412 | Legal | $31,199 |
SEI INVESTMENT COMPANY4+ years Service code 16 1 FREEDOM VALLEY DRIVE · OAKS, PA 19456 | Consulting | $29,905 |
CALLAN ASSOCIATES4+ years Service code 34 · EIN 94-2192581 | Valuation (appraisals, etc.); Direct ... | $29,692 |
SEYFARTH SHAW LLP4+ years Service code 29 · EIN 36-2152202 | Legal | $29,564 |
Service code 10 · EIN 54-0975470 | Accounting | $18,890 |
ALBOURNE AMERICA LLC3 years Service code 50 · EIN 91-2164625 | Direct Payment | $17,858 |
Enrolled actuary
1 attachment
SB
ALEXANDER LANDSMAN
WILLIS TOWERS WATSON US LLC
Enrollment #1705399
500 NORTH AKARD STREET, SUITE 4100
DALLAS, TX 75201
(214) 530-4200
Plan features & details
Pension benefit codes1A1C1D3H
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).
- 1DFloor-offset planDefined benefit plan whose benefits are offset by retirement benefits provided under an employer-sponsored defined contribution plan.
- 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
$4.1M
$1733 / participant
- Other / not subdivided$4M100.0%
% of EOY assets
0.219%
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