Virginia › Manufacturing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Northrop Grumman Retirement Plan B
Sponsored by Northrop Grumman Corporation, Falls Church, VA
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Northrop Grumman Corporation of Falls Church, Virginia sponsors Northrop Grumman Retirement Plan B, a cash balance pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 20,435 participants (1,451 active) and $2.05B in net assets.
Net assets came to $100,486 per participant, above the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and well above the $67,961 median for defined benefit plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 11 service provider organisations paid $5,000 or more, with reported compensation of $1.3M: $61.36 per participant, well below the same-size median of $232. Administrative expenses charged to the plan were $3.8M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $1.66B in 2011 to $2.05B in 2024 (up 24%), and participants from 22,698 to 20,435 (down 10%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $100,486 | $87,623 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $9,468 | $6,915 | $10,244 |
| Schedule C compensation per participant | $61.36 | $232 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.06% | 0.30% | 0.47% | 0.42% |
| Administrative expenses per participant | $184 | $396 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 plans), manufacturing (1,532) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 20,435 | $2.05B | $100,486 | — | — | $1.3M |
| 2023 | 21,148 | $2.11B | $99,910 | — | — | $1.2M |
| 2022 | 21,850 | $2.02B | $92,670 | — | — | $1.4M |
| 2021 | 22,660 | $2.60B | $114,881 | — | — | $1.5M |
| 2020 | 23,394 | $2.51B | $107,387 | — | — | $1.6M |
| 2019 | 17,177 | $2.13B | $123,931 | — | — | $1.7M |
| 2018 | 17,639 | $1.89B | $106,867 | $700K | — | $2.4M |
| 2017 | 18,263 | $2.07B | $113,437 | — | — | $2.3M |
| 2016 | 18,413 | $1.75B | $94,906 | — | — | $2.9M |
| 2015 | 18,818 | $1.72B | $91,381 | — | — | $3.6M |
| 2014 | 19,831 | $1.83B | $92,211 | — | — | $5.3M |
| 2013 | 21,821 | $1.76B | $80,430 | — | — | $4.5M |
| 2012 | 22,297 | $1.75B | $78,384 | — | — | $2.9M |
| 2011 | 22,698 | $1.66B | $73,023 | — | — | $4.2M |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$2,112,890,428
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions$4,782,001
- Total contributions$4,782,001
- Total income, including investment results$79,112,848
- Benefits paid$134,820,585
- Administrative expenses$3,760,858
- Total expenses$138,581,443
- Net income−$59,468,595
- Net transfers$0
- Net assets, end of year$2,053,421,833
Participants
- Active participants1,451
- Retired or separated, receiving benefits11,567
- Retired or separated, entitled to future benefits3,802
- Total participants, end of year20,435
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Fidelity Investments Institutional | Recordkeeping and information management | $735,449 | $0 |
| Willis Towers Watson Delaware Inc. | Actuarial; Consulting (pension) | $140,065 | $0 |
| Deloitte & Touche LLP | Accounting (including auditing) | $114,111 | $0 |
| State Street Bank and Trust Company | Trustee (directed); Investment management | $80,654 | $0 |
| PKF O'Connor Davies LLP | Accounting (including auditing) | $65,363 | $0 |
| Ropes & Gray LLP | Legal | $41,133 | $0 |
| Callan Associates | Valuation (appraisals, etc.) | $23,452 | $0 |
| Future Tech Enterprise Inc. | Other services | $21,706 | $0 |
| Stepstone Group LP | Consulting (general) | $16,381 | $0 |
| Citrin Cooperman Advisors LLC | Accounting (including auditing) | $9,870 | $0 |
| Bloomberg | Other services | $5,675 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$2,603,392
- Recordkeeping fees$733,556
- Actuarial fees$145,019
- IQPA audit fees$123,981
- Legal fees$95,504
- Trustee and custodial fees$59,406
- Total administrative expenses$3,760,858
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Master trust investment accounts$2.05B · 100.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmDeloitte & Touche LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $100,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1CCash balance or similar plan1DFloor-offset plan3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 336410: Aerospace Product & Parts Mfg.
Other plans of Northrop Grumman Corporation
| Plan | Participants | Net assets |
|---|---|---|
| Northrop Grumman Savings Plan | 151,108 | $44.3B |
| Northrop Grumman Pension Plan | 104,566 | $18.8B |
| NG Space&mission Systems Corp. Salaried Pension Pla | 60,528 | $8.39B |
| NG Master Inactive Qualified Plan | 2,899 | $104M |
| NG Es Union Represented Employees Pension Plan | 2,855 | $632M |
| NG Es - Space Division Consolidated Pension Plan | 2,692 | $623M |
| NG Financial Security and Savings Program | 2,556 | $500M |
Similar plans in Virginia
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Bae Systems Employees' Retirement Plan | Bae Systems, Inc. | 20,783 | $3.21B | $154,642 |
| Employee Retirement Income Plan - Hourly West | The Boeing Co. and Consolidated Subsidiaries | 18,566 | $1.71B | $92,351 |
| Smithfield Foods Salaried Pension Plan | Smithfield Foods, Inc. | 22,669 | $1.35B | $59,737 |
| Huntington Ingalls Industries, Inc. Newport News Operations Pension Plan for Employees Covered by United Steelworkers Local 8888 Cba | Huntington Ingalls Industries, Inc. | 15,625 | $1.42B | $90,660 |
| Altria Retirement Plan | Altria Client Services LLC | 25,614 | $6.42B | $250,755 |
| Hii Ingalls Shipbuilding, Inc. Hourly Employees' Retirement Plan | Huntington Ingalls Industries, Inc. | 14,872 | $623M | $41,878 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Northrop Grumman Retirement Plan B?
20,435 participants at the end of the plan year ending 31 Dec 2024, of whom 1,451 were active employees, with net assets of $2,053,421,833. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Northrop Grumman Corporation contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $1,253,859 in compensation to service provider organisations, $61.36 per participant or 0.06% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $3,760,858. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Northrop Grumman Corporation. Recordkeeping or administration: Fidelity Investments Institutional. Investment advisory or management: State Street Bank and Trust Company. Trustee or custodian: State Street Bank and Trust Company. The financial statements were audited by Deloitte & Touche LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 7 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 80-0640649, plan 041, received 7 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.