Overview

Plan Rating

BrightScope Rating
75
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (35)
Average in Peer Group (80)
Highest in Peer Group (90)

Plan Description

Huntington Ingalls Industries Savings Plan is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 75. This plan is in the top 15% of plans for Account Balances, Salary Deferral, and Total Plan Cost. Huntington Ingalls Industries Savings Plan currently has over 21,500 active participants and over $2.6B in plan assets.

Did you know?

For the average 401k participant, the 15 point difference between this plan's BrightScope Rating (75) and the top rated plan (90) could equate to:
11
Additional years of work
110,002
Lost 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. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2017
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 4101 Washington Avenue Building 909-6
  • Location
    Newport News , VA
  • 23607
  • Industry
    Manufacturing
  • Administrator
    Karen Velkey
  • Net Plan Assets
    $2,620,000,000
  • Total Participants
    22,000
  • Avg Account Balance
    $140,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Above Average

Performance

Participation Rate:
Average
Salary Deferrals:
Great
Account Balance:
Great

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Average

Performance

Participation Rate:
Below Avg.
Salary Deferrals:
Average
Account Balance:
Above Average

Peer Group Plans

Company Rating
ABB 83.9
TE Connectivity 80.0
Nissan North America 80.0
Paccar 78.0
Whirlpool 77.9
Magna International of America 73.7
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Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

27

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
State Street Bank Guaranteed Investment Contract 29%
N/A
BlackRock, Inc. Blackrock Lifepath Index 16%
6%
Total Interest Bearing Cash 10%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Provider

SERVICE PROVIDER
Auditor
Deloitte & Touche, LLP

Articles and Questions

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