Retirement plan

NG ES UNION REPRESENTED EMPLOYEES PENSION PLAN

Name: NORTHROP GRUMMAN CORPORATION - NG ES UNION REPRESENTED EMPLOYEES PENSION PLAN (2024) Form 5500
Creator: NORTHROP GRUMMAN CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NG ES UNION REPRESENTED EMPLOYEES PENSION PLAN, NORTHROP GRUMMAN CORPORATION

NORTHROP GRUMMAN CORPORATIONEIN 80-0640649Plan #045PY 2024

2980 FAIRVIEW PARK DRIVE - FALLS CHURCH, VA 220424511703-280-2900northropgrumman.comLinkedIn10001+ employeesdefense & space

Other plans on this EIN

7 filings

#011Retirement-$39.47B assets #030Retirement-$18.78B assets #007Retirement-$8.40B assets #041Retirement-$2.05B assets #040Retirement-$623.2M assets #010Retirement-$487.7M assets #029Retirement-$104.1M assets

Prospect flagsHigh retiree %Low participant contribution

How to read this page

Total assets (EOY)

$631.9M

-0.6% from 2023

Total participants

2,855

-1.6% from 2023

Average account balance

No prior year

Annual return

5.55%

-6.36 pp from 2023

Benchmarks

See 189 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined benefit

Participants250-999

Cohort189 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$631.88M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$221K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

2,054

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.38M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+5.55%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL8 years Service code 15 · EIN 04-2647786	Recordkeeping	$143,156
DELOITTE & TOUCHE LLP10+ years Service code 10 · EIN 13-3891517	Accounting	$90,609
WILLIS TOWERS WATSON US LLC9 years Filed as: WILLIS TOWERS WATSON DELAWARE INC. Service code 11 · EIN 53-0181291	Actuarial	$61,192
STATE STREET GLOBAL ADVISORS7 years Filed as: STATE STREET BANK AND TRUST COMPANY Service code 25 · EIN 04-1867445	Directed Trustee	$24,396
ROPES & GRAY LLP7 years Service code 29 · EIN 04-2233412	Legal	$12,480
CITRIN COOPERMAN1 year Filed as: CITRIN COOPERMAN ADVISORS LLC Service code 10 · EIN 87-2525370	Accounting	$7,808
CALLAN LLC10+ years Filed as: CALLAN ASSOCIATES Service code 34 · EIN 94-2192581	Valuation (appraisals, etc.); Direct ...	$7,095
ENTERPRISE BANK & TRUST1 year Filed as: FUTURE TECH ENTERPRISE INC Service code 49 · EIN 11-3350196	Other Services	$6,558

Enrolled actuary

1 attachment

See 1 actuary disclosure. $4.99 for your first month.

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Plan features & details

Pension benefit codes1A1C1I

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).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant 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

$794K

$991 / participant

Recordkeeping$143K18.0%
Trustee / custodial$18K2.3%
Legal$13K1.7%
Actuarial$96K12.1%
Other / not subdivided$524K66.0%

% of EOY assets

0.126%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: DELOITTE & TOUCHE LLP
Auditor EIN: 133891517
Audit fees: $98,417
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,492-100.0%

Participation rate

0.0%

0.0%0pp

12.2%-12.2pp

0.0%0pp

Annual return

5.55%

7.96%-2.4pp

5.16%+0.4pp

8.76%-3.2pp

Employer contribution / active EE

$15,125-100.0%

$26,442-100.0%

$16,640-100.0%

Participant deferral / active EE

$1,729

$518+233.9%

$78+2103.8%

$948+82.4%

Admin fee / account holder

$16,625-100.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL8 years

Service code 15 · EIN 04-2647786

Recordkeeping

$143,156

DELOITTE & TOUCHE LLP10+ years

Service code 10 · EIN 13-3891517

Accounting

$90,609

WILLIS TOWERS WATSON US LLC9 years

Filed as: WILLIS TOWERS WATSON DELAWARE INC.

Service code 11 · EIN 53-0181291

Actuarial

$61,192

STATE STREET GLOBAL ADVISORS7 years

Filed as: STATE STREET BANK AND TRUST COMPANY

Service code 25 · EIN 04-1867445

Directed Trustee

$24,396

ROPES & GRAY LLP7 years

Service code 29 · EIN 04-2233412

Legal

$12,480

CITRIN COOPERMAN1 year

Filed as: CITRIN COOPERMAN ADVISORS LLC

Service code 10 · EIN 87-2525370

Accounting

$7,808

CALLAN LLC10+ years

Filed as: CALLAN ASSOCIATES

Service code 34 · EIN 94-2192581

Valuation (appraisals, etc.); Direct ...

$7,095

ENTERPRISE BANK & TRUST1 year

Filed as: FUTURE TECH ENTERPRISE INC

Service code 49 · EIN 11-3350196

Other Services

$6,558

NG ES UNION REPRESENTED EMPLOYEES PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NG ES UNION REPRESENTED EMPLOYEES PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion