BrightScope Rating
Company:
Northrop Grumman Corporation
Plan:
Northrop Grumman Savings Plan
Northrop Grumman Corporation
80
Plan:
6
60
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 10 point difference between this plan's BrightScope Rating (80) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
8 additional years of work Up to $346,300 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan
and do not take into account other retirement plans and programs offered by this employer.
Plan Description
Northrop Grumman Savings Plan is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 80, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Salary Deferrals, Total Plan Cost, and Account Balances. Northrop Grumman Savings Plan currently has over 103,200 active participants and over $14.5B in plan assets.
Plan Details
| Address | 1840 Century Park E Los Angeles, CA 90067 |
| Industry | Aerospace Product & Parts Mfg |
| Administrator | Gary W. Mckenzie, Vp-Tax |
| Net Plan Assets | $14,500,000,000 |
| Total Participants | 140,000 |
| Avg Account Balance | $100,000 |
Top 3 Investment Holdings
| 1. | Northrop Grumman DC MT US Equity Fund | 22% |
| 2. | Northrop Grumman DC MT Stable Value Fund | 21% |
| 3. | Northrop Grumman Corporation Common Stock | 11% |
Other Companies in Peer Group
| Lockheed Martin | 81.6 |
| General Motors | 80.3 |
| Raytheon Company | 78.3 |
| General Electric Company | 78.0 |
| Honeywell International | 76.9 |
| United Technologies | 72.4 |
Plan Service Providers
| Auditor | Deloitte & Touche |
| Recordkeeper | Hewitt Associates |
| Corporate Trustee | State Street |
| Administration | Northrop Grumman Corporation |
| Recordkeeper | Acs Hr Solutions |
| Administration | Towers Perrin |
| Legal Counsel | Seyfarth Shaw LLP |
| Administration | Buck Consultants |
| Administration | Ayco Company Lp |
| Consultant | Tpi Inc |
| Consultant | Aon Consulting |
| Administration | Chipton Ross |
| Consultant | Resources Connection |
| Administration | Kes Mail |
| Consultant | Mercer Human Resource Consulting |
| Administration | Intercall |
| Recordkeeper | PricewaterhouseCoopers |
| Legal Counsel | Ivins Phillips and Barker |
| Administration | Cit Vf Equipment |
| Administration | Employee Benefit Research Institute |
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