Defined Benefit (Pension) · DOL Form 5500 · 2023

Drs Naval Power Systems, Inc. Pension Plan

Data updated 2026-08-25

$23M
Total assets Small plan by assets: 105
Participants Small participant base: 75th
Percentile by assets National rank: $220,000
Avg per participant Above avg balance/head

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Official DOL plan name: Pension Plan for Employees of Drs Naval Power Systems, Inc. · Sponsored by Drs Naval Power Systems, Inc. · Virginia · Manufacturing

$23M in assets, 105 participants

Drs Naval Power Systems, Inc.'s Pension Plan for Employees of Drs Naval Power Systems, Inc. reported $23M in total assets and 105 participants in its 2023 DOL Form 5500 filing, ranking in the 75th 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.

#12,302 in Manufacturing (18,722 peers)

Coverage in Virginia

Pension Plan for Employees of Drs Naval Power Systems, Inc. covers 105 participants in Virginia, about 13% of the average Virginia filer (state average ~782 per filing). Assets: $23M.

#12,302
in Manufacturing (18,722 peers): +3.2%
assets growth YoY: 0.2×
vs typical plan assets (national mean)

Pension Plan for Employees of Drs Naval Power Systems, Inc.'s outsized position by total assets

Pension Plan for Employees of Drs Naval Power Systems, Inc. vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$23,099,997 Top 25% higher than 75% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Pension Plan for Employees of Drs Naval Power Systems, Inc. among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Pension Plan for Employees of Drs Naval Power Systems, Inc. sits mid-pack in the medium band (105 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Pension Plan for Employees of Drs Naval Power Systems, Inc. reported net income rose from -$8M in the plan year 2022 filing to $693K in the plan year 2023 filing.
Pension Plan for Employees of Drs Naval Power Systems, Inc. reported participants fell from 116 in the plan year 2022 filing to 105 in the plan year 2023 filing.
Pension Plan for Employees of Drs Naval Power Systems, Inc. end-of-year assets rose from $22M in the plan year 2022 filing to $23M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 421537952 · Drs Naval Power Systems, Inc. PY 2023 · Defined Benefit (Pension)

Pension Plan for Employees of Drs Naval Power Systems, Inc. · $23M · 105 · 75th

EBSA $23M
PART 105
TYPE 75th
NET Defined Benefit (Pension)
BOOK near The Swatch Group (U.S.) Inc. Employees' Retirement Plan
VS-ST ind #12302

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 →

End-of-year total assets ($M) among Pension Plan for Employees of Drs Naval Power Systems, Inc. and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)	$22M
Net Assets (End of Year)	$23M
Net Income	$693K
Employer EIN	421537952
Plan Effective Date	2002-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Drs Naval Power Systems, Inc.)

Latest sponsor-wide plan assets: $22M 0.6415774392692548% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	116	$22M
2023	1	105	$23M
2024	1	100	$22M

Nearby Defined Benefit (Pension) Plans in Virginia

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Pension Plan for Employees of Drs Naval Power Systems, Inc. vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants

Northrop Grumman Pension Plan $19.1B · 13,674
Retirement Security Plan $10.2B · 54,171
Ng Space&mission Systems Corp Salaried Pension Pla $8.5B · 7,117
Sheet Metal Workers' National Pension Fund $8.3B · 61,272
Dominion Energy Pension Plan $7.6B · 12,263

Compare Pension Plan for Employees of Drs Naval Power Systems, Inc. side-by-side with 3 peers →

Pension Plan for Employees of Drs Naval Power Systems, Inc.'s out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Virginia, the nearest Defined Benefit (Pension) by assets is The Swatch Group (U.S.) Inc. Employees' Retirement Plan in FL ($23M); by covered participants it is First Technology Credit Union Employees' Pension Plan in OR (105 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($23M here).

The Swatch Group (U.S.) Inc. Employees' Retirement Plan (FL) $23M · 18
Gray Television, Inc. Retirement Plan for Certain Bargaining Class Employees (GA) $23M · 60
True Value Company Defined Lump Sum Pension Plan (IL) $23M · 382
Groton School Defined Benefit Plan (MA) $23M · 76

Similar participant headcount

Nearest other-state filings by covered participants (105 participants); asset peers above are excluded.

First Technology Credit Union Employees' Pension Plan (OR) 105 · 0 off
Ashcroft Inc. Retirement Plan for Union Employees (CT) 105 · 0 off
Sandmeyer Steel Company Employees' Pension Plan (PA) 105 · 0 off
Defined Benefit Plan of Rochester Presbyterian Home (NY) 105 · 0 off

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Pension Plan for Employees of Drs Naval Power Systems, Inc. assets move in 2023? ▼

Pension Plan for Employees of Drs Naval Power Systems, Inc. edged up modestly - up 3.2% during 2023, from $22M to $23M. Reported net income was $693K.

How have Drs Naval Power Systems, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Drs Naval Power Systems, Inc.'s sponsor-wide assets declined 0.6%, from $22M to $22M.

Where does Pension Plan for Employees of Drs Naval Power Systems, Inc. rank by assets among Form 5500 filers? ▼

Pension Plan for Employees of Drs Naval Power Systems, Inc. ranks in the 75th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to Pension Plan for Employees of Drs Naval Power Systems, Inc.? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is The Swatch Group (U.S.) Inc. Employees' Retirement Plan in FL ($23M, 18 participants).

Which Defined Benefit (Pension) plans cover a similar participant headcount to Pension Plan for Employees of Drs Naval Power Systems, Inc.? ▼

Among Defined Benefit (Pension) plans in other states, the closest by covered participants is First Technology Credit Union Employees' Pension Plan in OR (105 participants, $53M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 421537952.