Retirement plan
NG INNOVATION SYSTEMS PENSION AND RETIREMENT PLAN
NORTHROP GRUMMAN CORPORATIONEIN 80-0640649Plan #046PY 2019
2980 FAIRVIEW PARK DRIVE - FALLS CHURCH, VA 220424511703-280-2900northropgrumman.comLinkedIn10001+ employeesdefense & space
Prospect flagsRecently cancelled planLow returnsWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JEFF SCHMIDT-CORP VP COMP&BEN
Signed 10/08/2020
Summary metrics
Total assets (EOY)
$0
No prior year
Total participants
0
No prior year
Average account balance
$0
No prior year
Annual return
-96.03%
+8.85 pp from 2019
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants<25
Cohort1,661 peers
Snapshot2019
0
Participant deferral / active EE
$0
median $0
0
Employer contribution / active EE
$0
median $13,678
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $79,716
0
Admin fee / account holder
$0
median $122
2
Annual return
-96.03%
median 10.44%
Overall peer rank
2of 100
2nd percentileavg across 6 metrics
Analytics
Less than 3 years of history available for this plan
We'll show a chart here once at least 3 consecutive filings are on record.
Service providers
Top 8 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 04-2647786 | Recordkeeping | $752,069 |
Service code 11 · EIN 53-0181291 | Actuarial | $115,150 |
Service code 10 · EIN 13-5160382 | Accounting | $49,654 |
ROPES AND GRAY LLP1 year Service code 29 · EIN 04-2233412 | Legal | $35,224 |
GRANT THORNTON LLP1 year Service code 10 · EIN 36-6055558 | Accounting | $30,700 |
SEI INVESTMENT COMPANY1 year Service code 16 1 FREEDOM VALLEY DRIVE · OAKS, PA 19456 | Consulting | $11,078 |
CALLAN ASSOCIATES1 year Service code 34 · EIN 94-2192581 | Direct payment from the plan; Valuati... | $7,449 |
ALBOURNE AMERICA LLC1 year Service code 50 · EIN 91-2164625 | Direct Payment | $5,231 |
Enrolled actuary
1 attachment
SB
DEAN A QUICK
WILLIS TOWERS WATSON US LLC
Enrollment #2005816
800 NORTH GLEBE ROAD FLOOR 10
ARLINGTON, VA 22203
(703) 258-8000
Plan features & details
Pension benefit codes1A1C3H
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).
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
3 tripped
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
- 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.
- InformationalRecently cancelled plan
Plan reported a final filing / termination within the last year.
Expense breakdown
Schedule H Part II
Admin total
$12.2M
- Other / not subdivided$12M100.0%
% of EOY assets
-
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