NORTHROP GRUMMAN SAVINGS PLAN

Plan Contact

  • Address: 2980 FAIRVIEW PARK DRIVE,FALLS CHURCH,VA
  • Contact person: JEFF SCHMIDT-CORP VP, TOTAL REWARDS
  • Phone: (703) 280-2900

Plan General Information

NORTHROP GRUMMAN SAVINGS PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of NORTHROP GRUMMAN SAVINGS PLAN is $36,173,098,625.00.This plan was established in 1962.

NORTHROP GRUMMAN SAVINGS PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in NORTHROP GRUMMAN SAVINGS PLAN is 148314

NORTHROP GRUMMAN SAVINGS PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for NORTHROP GRUMMAN SAVINGS PLAN is $243,895.00

NORTHROP GRUMMAN SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for NORTHROP GRUMMAN SAVINGS PLAN is $9,295.00.

NORTHROP GRUMMAN SAVINGS PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in NORTHROP GRUMMAN SAVINGS PLAN is approximately $4,263.00
Investing in this additonal $4,263.00 for 20 years would give you extra $272,871.00, assuming a 10% annual return.

NORTHROP GRUMMAN SAVINGS PLAN Total Employer Contribution and Match Rate

In 2023, NORTHROP GRUMMAN SAVINGS PLAN allocates $632,353,815.00 to match its employees' contributions, providing an employer match rate of 46.95% of their contributions

NORTHROP GRUMMAN SAVINGS PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of NORTHROP GRUMMAN SAVINGS PLAN is 11.07%.

NORTHROP GRUMMAN SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for NORTHROP GRUMMAN SAVINGS PLAN is 12.84%. This measures the effectiveness of the plan participants' investments in the year.

NORTHROP GRUMMAN SAVINGS PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of NORTHROP GRUMMAN SAVINGS PLAN is 0.03%.

Enrollment Features

NORTHROP GRUMMAN SAVINGS PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.

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