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Retirement plan

NORTHROP GRUMMAN RETIREMENT PLAN B

NORTHROP GRUMMAN CORPORATIONEIN 80-0640649Plan #041PY 2020
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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-$33.18B assets#030Retirement-$21.86B assets#007Retirement-$9.77B assets#045Retirement-$715.6M assets#040Retirement-$710.1M assets#010Retirement-$569.5M assets#029Retirement-$132.8M 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 10/11/2021
Plan administrator entity
NG BENEFIT PLANS ADMINISTRATIVE COMMITTEE
EIN 953058633
(800) 894-4194
How to read this page

Summary metrics

Total assets (EOY)
$2514.8M
-1.6% from 2016
Total participants
23,394
+2.2% from 2016
Average account balance
$0
No prior year
Annual return
23.46%
-8.07 pp from 2016

Benchmarks

See 134 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants1,000-4,999
Cohort134 peers
Snapshot2020
Participant deferral / active EE
$0
median $211
Employer contribution / active EE
$0
median $5,885
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
23.46%
median 13.96%
Overall peer rank
93rd 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 12 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL4 years
Service code 15 · EIN 04-2647786
Recordkeeping
$934,628
WILLIS TOWERS WATSON DELAWARE INC.5 years
Service code 11 · EIN 53-0181291
Actuarial
$362,115
DELOITTE & TOUCHE LLP6+ years
Service code 10 · EIN 13-3891517
Accounting
$100,312
STATE STREET BANK AND TRUST COMPANY3 years
Service code 25 · EIN 04-1867445
Directed Trustee
$80,218
ROPES & GRAY LLP3 years
Service code 29 · EIN 04-2233412
Legal
$40,655
SEI INVESTMENT COMPANY6+ years
Service code 16
1 FREEDOM VALLEY DRIVE · OAKS, PA 19456
Consulting
$39,552
CALLAN ASSOCIATES6+ years
Service code 34 · EIN 94-2192581
Valuation (appraisals, etc.); Direct ...
$27,227
SEYFARTH SHAW LLP6+ years
Service code 29 · EIN 36-2152202
Legal
$18,273
ALBOURNE AMERICA LLC5 years
Service code 50 · EIN 91-2164625
Direct Payment
$16,730
PKF O'CONNOR DAVIES LLP1 year
Service code 10 · EIN 27-1728945
Accounting
$15,956

Enrolled actuary

1 attachment
SB

ALEXANDER LANDSMAN

WILLIS TOWERS WATSON US LLC
Enrollment #2005399
500 NORTH AKARD STREET, SUITE 4300
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
$3.2M
$1519 / participant
  • Other / not subdivided$3M100.0%
% of EOY assets
0.126%
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