Defined Benefit (Pension) · DOL Form 5500 · 2023
Bae Systems, Inc. Pension Plan
Data updated 2026-08-06
- $3.4B
- Total assets
- 7,673
- Participants
- 100th
- Percentile by assets
- $445,685
- Avg per participant
Official DOL plan name: Bae Systems Employees' Retirement Plan · Sponsored by Bae Systems, Inc. · Virginia · Manufacturing
$3.4B in assets, 7,673 participants
Bae Systems, Inc.'s Bae Systems Employees' Retirement Plan reported $3.4B in total assets and 7,673 participants in its 2023 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 126,618 plans)
- #18,521 in Manufacturing (18,672 peers)
Coverage in Virginia
Bae Systems Employees' Retirement Plan covers 7,673 participants in Virginia, 9.8x the typical Virginia plan (state average ~781 per filing). Assets: $3.4B.
- $3.4B
- total plan assets (2023 EOY)
- 7,673
- covered participants
- 100th
- percentile by assets (of 126,618 plans)
- $445,685
- avg assets per participant
The plan reported a net loss of $826M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Bae Systems Employees' Retirement Plan reported net income rose from -$1.5B in the plan year 2022 filing to -$826M in the plan year 2023 filing.
- Bae Systems Employees' Retirement Plan end-of-year assets fell from $4.1B in the plan year 2022 filing to $3.4B in the plan year 2023 filing.
- Bae Systems Employees' Retirement Plan reported participants fell from 7,856 in the plan year 2022 filing to 7,673 in the plan year 2023 filing.
Participants vs Virginia filers
In Virginia, the average filing covers about 781 participants across 3,490 plans. Bae Systems Employees' Retirement Plan reports 7,673 participants - 9.8x that state average ($3.4B EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $4.1B |
|---|---|
| Net Assets (End of Year) | $3.4B |
| Net Income | -$826M |
| 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 $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
Scale composition for Bae Systems Employees' Retirement Plan
Bae Systems Employees' Retirement Plan reports $3.4B in end-of-year assets across 7,673 participants (0.029% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.009% of 89,805,449 covered participants) - about $445,685 per participant (3.3x the national average assets-per-participant) . Net income for plan year 2023 was -$826M.
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 | Open filing |
| 2023 | 7,673 | $3.4B | This page |
| 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.
- Honda Retirement Plan (CA) $3.4B · 8,837
- Msi Pension Plan (IL) $3.4B · 2,036
- Bakery & Confectionery Union & Industry International Pension Fund (MD) $3.4B · 14,666
- Georgia-Pacific LLC Hourly Pension Plan (GA) $3.4B · 7,873
Frequently Asked Questions
How did Bae Systems Employees' Retirement Plan assets move in 2023? ▼
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