Overview

Plan Rating

BrightScope Rating
85
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (16)
Average in Peer Group (66)
Highest in Peer Group (87)

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 85, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Company Generosity, Salary Deferral, and Total Plan Cost. Northrop Grumman Savings Plan currently has over 109,600 active participants and over $24.2B in plan assets.

Did you know?

For the average 401k participant, the 2 point difference between this plan's BrightScope Rating (85) and the top rated plan (87) could equate to:
3
Additional years of work
*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 2980 Fairview Park Drive
  • Location
    Falls Church , VA
  • 22042-4511
  • Industry
    Manufacturing
  • Administrator
    Jeff Schmidt-Corp VP Comp&Ben
  • Net Plan Assets
    $24,200,000,000
  • Total Participants
    110,000
  • Avg Account Balance
    $220,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Great

Performance

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

Design

Total Plan Cost:
Average Fees
Company Generosity:
Above Average

Performance

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

Peer Group Plans

Company Rating
Novo Nordisk 84.1
Boston Scientific 83.8
United Contractors Midwest 79.2
Hoffman 74.8
Carlsbad Technology 61.0
Gilster-Mary Lee 49.8
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Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

21

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Northrop Grumman DC MT US Equity Fund 20%
N/A
Northrop Grumman Corporation Common Stock 15%
N/A
BlackRock, Inc. Northrop Grumman DC MT Retirement Path 13%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Investment Adviser
Financial Engines
Recordkeeper
Fidelity
Legal Counsel
Seyfarth Shaw, LLP
Consultant
OSI Consulting, Inc.
Legal Counsel
Chipton Ross
Administration
Chipton Ross
Recordkeeper
Towers Watson
Recordkeeper
Pannell Kerr Forster, P.C.
Consultant
Global Trading Analytics
Recordkeeper
Open Text, Inc
Recordkeeper
Alight Solutions LLC
Legal Counsel
Ivins, Philips and Barker
Consultant
Jtk Group LLC
Auditor
Deloitte & Touche, LLP

Articles and Questions

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