Defined Benefit (Pension) · DOL Form 5500 · 2023
Northrop Grumman Corporation Pension Plan
Data updated 2026-08-11
- $2.1B
- Total assets
- 1,733
- Participants
- 99th
- Percentile by assets
- $1.2M
- Avg per participant
Official DOL plan name: Northrop Grumman Retirement Plan B · Sponsored by Northrop Grumman Corporation · Virginia · Manufacturing
$2.1B in assets, 1,733 participants
Northrop Grumman Corporation's Northrop Grumman Retirement Plan B reported $2.1B in total assets and 1,733 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 127,072 plans)
- #18,490 in Manufacturing (18,722 peers)
Coverage in Virginia
Northrop Grumman Retirement Plan B covers 1,733 participants in Virginia, 2.2x the typical Virginia plan (state average ~782 per filing). Assets: $2.1B.
- $2.1B
- total plan assets (2023 EOY)
- 1,733
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $1.2M
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Northrop Grumman Retirement Plan B reported net income rose from -$578M in the plan year 2022 filing to $88M in the plan year 2023 filing.
- Northrop Grumman Retirement Plan B reported participants fell from 1,859 in the plan year 2022 filing to 1,733 in the plan year 2023 filing.
- Northrop Grumman Retirement Plan B end-of-year assets rose from $2.0B in the plan year 2022 filing to $2.1B in the plan year 2023 filing.
Participants vs Virginia filers
In Virginia, the average filing covers about 782 participants across 3,655 plans. Northrop Grumman Retirement Plan B reports 1,733 participants - 2.2x that state average ($2.1B EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $2.0B |
|---|---|
| Net Assets (End of Year) | $2.1B |
| Net Income | $88M |
| Employer EIN | 800640649 |
| Plan Effective Date | 1978-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Northrop Grumman Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 8 | 119,474 | $62.8B |
| 2023 | 8 | 122,852 | $67.7B |
| 2024 | 8 | 127,891 | $70.6B |
Nearby Defined Benefit (Pension) Plans in Virginia
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Northrop Grumman Retirement Plan B 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
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Northrop Grumman Retirement Plan B by total assets, not by location.
- Morgan Stanley Employees Retirement Plan (NY) $2.1B · 6,544
- Cargill, Inc. and Associated Companies Salaried Employees Pension Plan (MN) $2.1B · 3,651
- Idaho National Laboratory Employee Retirement Plan (ID) $2.1B · 1,037
- Automotive Industries Pension Plan (CA) $2.1B · 3,056
Frequently Asked Questions
How did Northrop Grumman Retirement Plan B assets move in 2023? ▼
How have Northrop Grumman Corporation plan assets changed over time? ▼
Where does Northrop Grumman Retirement Plan B rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Northrop Grumman Retirement Plan B? ▼
Next read for Northrop Grumman Retirement Plan B
Filing takeaways
Ways to act on Northrop Grumman Retirement Plan B's numbers.
- By total assets, Northrop Grumman Retirement Plan B 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
- Northrop Grumman Corporation's sponsor-wide assets have grown 12.4% since 2022 across 3 plan years on file. More Manufacturing plans