Defined Benefit (Pension) · DOL Form 5500 · 2022
Bae Systems, Inc. Pension Plan
Data updated 2026-08-06
- $4.1B
- Total assets
- 7,856
- Participants
- 100th
- Percentile by assets
- $528,091
- Avg per participant
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.
- 100th percentile by assets (of 139,258 plans)
- #20,516 in Manufacturing (20,629 peers)
Coverage in Virginia
Bae Systems Employees' Retirement Plan covers 7,856 participants in Virginia, 10x the typical Virginia plan (state average ~781 per filing). Assets: $4.1B.
- $4.1B
- total plan assets (2022 EOY)
- 7,856
- covered participants
- 100th
- percentile by assets (of 139,258 plans)
- $528,091
- avg assets per participant
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.
Participants vs Virginia filers
In Virginia, the average filing covers about 781 participants across 3,490 plans. Bae Systems Employees' Retirement Plan reports 7,856 participants - 10x that state average ($4.1B EOY assets).
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.)
| 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.
Bae Systems Employees' Retirement Plan vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
- 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 (0.036% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.009% of 89,805,449 covered participants) - about $528,091 per participant (3.9x 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)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Bae Systems Employees' Retirement Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Bae Systems Employees' Retirement Plan assets move in 2022? ▼
How have Bae Systems, Inc. plan assets changed over time? ▼
Where does Bae Systems Employees' Retirement Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Bae Systems Employees' Retirement Plan? ▼
Next read for Bae Systems Employees' Retirement Plan
Filing takeaways
Ways to act on Bae Systems Employees' Retirement Plan's numbers.
- By total assets, Bae Systems Employees' Retirement Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Virginia. Compare plans
- Bae Systems, Inc.'s sponsor-wide assets have grown 15.1% since 2022 across 3 plan years on file. More Manufacturing plans