Defined Benefit (Pension) · DOL Form 5500 · 2022
Bae Systems, Inc. Pension Plan
Data updated 2026-08-25
- $4.1B
- Total assets Very large vs avg
- 7,856
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $528,091
- Avg per participant High balance/head
Official DOL plan name: Bae Systems Employees' Retirement Plan · Sponsored by Bae Systems, Inc. · Virginia · Manufacturing
$4.1B in assets, 7,856 participants
Bae Systems, Inc.'s Bae Systems Employees' Retirement Plan reported $4.1B in total assets and 7,856 participants in its 2022 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #20,489 in Manufacturing (20,602 peers)
Coverage in Virginia
Bae Systems Employees' Retirement Plan covers 7,856 participants in Virginia, 10x the typical Virginia plan (state average ~782 per filing). Assets: $4.1B.
- #20,489
- in Manufacturing (20,602 peers)
- -24.9%
- assets change YoY
- 42×
- vs typical plan assets (national mean)
The plan reported a net loss of $1.5B for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Bae Systems Employees' Retirement Plan's outsized position by total assets
Bae Systems Employees' Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$4,148,681,721 Highest reported value at or above every one of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Bae Systems Employees' Retirement Plan's large-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bae Systems Employees' Retirement Plan lands in the large band (7,856 participants).
Plan-year Form 5500 strip
Filing strip 223537950 · Bae Systems, Inc. PY 2022 · Defined Benefit (Pension)
Bae Systems Employees' Retirement Plan · $4.1B · 7,856 · 100th
- BOY $4.1B
- BOY 7,856
- BOY 100th
- BOY Defined Benefit (Pension)
- BOY near Fca US LLC Pension Plan
- BOY ind #20489
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Virginia →
Bae Systems Employees' Retirement Plan in the asset neighbourhood
Virginia filing particulars
| Total Assets (Beginning of Year) | $5.5B |
|---|---|
| Net Assets (End of Year) | $4.1B |
| Net Income | -$1.5B |
| Employer EIN | 223537950 |
| Plan Effective Date | 1999-11-29 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Bae Systems, Inc.)
Sponsor-wide plan assets over time
All Bae Systems, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $14.3B 15.142836159256245% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 39,412 | $12.4B |
| 2023 | 2 | 39,354 | $12.8B |
| 2024 | 3 | 44,583 | $14.3B |
Nearby Defined Benefit (Pension) Plans in Virginia
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Northrop Grumman Pension Plan $18.3B · 14,867
- Retirement Security Plan $9.4B · 54,531
- Ng Space&mission Systems Corp Salaried Pension Pla $8.1B · 7,799
- Dominion Energy Pension Plan $7.3B · 12,832
- Sheet Metal Workers' National Pension Fund $7.2B · 61,068
Scale composition for Bae Systems Employees' Retirement Plan
Bae Systems Employees' Retirement Plan reports $4.1B in end-of-year assets across 7,856 participants (0.034% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $528,091 per participant (3.8x the national average assets-per-participant) . Net income for plan year 2022 was -$1.5B.
This plan identity (EIN 223537950, plan #050) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $4.1B to $3.2B (-22.5%) while covered participants moved from 7,856 to 8,058 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,856 | $4.1B | This page |
| 2023 | 7,673 | $3.4B | Open filing |
| 2024 · index core | 8,058 | $3.2B | Open filing |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- Bae Systems Employees' Savings and Investment Plan (401(k), $10.6B, 32,246 participants)
- Bae Systems Employees' Retirement Plan (Defined Benefit (Pension), $3.2B, 8,058 participants)
- Bae Space & Mission Systems Pension Plan (Defined Benefit (Pension), $417M, 4,279 participants)
Bae Systems Employees' Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Virginia, the nearest Defined Benefit (Pension) by assets is Fca US LLC Pension Plan in MI ($4.2B); by covered participants it is Consolidated Pension Plan of Hackensack Meridian Health in NJ (7,867 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($4.1B here).
- Fca US LLC Pension Plan (MI) $4.2B · 3,249
- Hp Inc. Pension Plan (TX) $4.2B · 4,121
- Carpenters Pension and Annuity Plan of Philadelphia and Vicinity (PA) $4.2B · 5,652
- The Retirement Benefit Plan of American Airlines, Inc. for Employees Represented by the Transport Workers Union of America, AFL-CIO (TX) $4.1B · 14,617
Similar participant headcount
Nearest other-state filings by covered participants (7,856 participants); asset peers above are excluded.
- Consolidated Pension Plan of Hackensack Meridian Health (NJ) 7,867 · 11 off
- Lifespan Corporation Retirement Plan (RI) 7,893 · 37 off
- The Ohiohealth Cash Balance Retirement Plan (OH) 7,923 · 67 off
- The Albany Medical Center Retirement Plan (NY) 7,778 · 78 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.