Defined Benefit (Pension) · DOL Form 5500 · 2023
Bae Systems, Inc. Pension Plan
Data updated 2026-08-25
- $3.4B
- Total assets Very large vs avg
- 7,673
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $445,685
- Avg per participant High balance/head
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.
- #18,571 in Manufacturing (18,722 peers)
Coverage in Virginia
Bae Systems Employees' Retirement Plan covers 7,673 participants in Virginia, 9.8x the typical Virginia plan (state average ~782 per filing). Assets: $3.4B.
- #18,571
- in Manufacturing (18,722 peers)
- -17.6%
- assets change YoY
- 34×
- vs typical plan assets (national mean)
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.
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 2023 · DOL Form 5500
$3,419,739,198 Highest reported value at or above every one 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
Bae Systems Employees' Retirement Plan's large-plan peer group by participant headcount
Plan-year 2023 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 (7,673 participants).
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.
Plan-year Form 5500 strip
Filing strip 223537950 · Bae Systems, Inc. PY 2023 · Defined Benefit (Pension)
Bae Systems Employees' Retirement Plan · $3.4B · 7,673 · 100th
- EBSA $3.4B
- EBSA 7,673
- EBSA 100th
- EBSA Defined Benefit (Pension)
- EBSA near Honda Retirement Plan
- EBSA ind #18571
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) | $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.)
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 $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 (0.028% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $445,685 per participant (3.2x 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)
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 Honda Retirement Plan in CA ($3.4B); by covered participants it is SEIU Local No. 4 Pension Fund in IL (7,623 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($3.4B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (7,673 participants); asset peers above are excluded.
- SEIU Local No. 4 Pension Fund (IL) 7,623 · 50 off
- Rpm International Inc. Retirement Plan (OH) 7,736 · 63 off
- Yale University Retirement Plan for Staff Employees (CT) 7,596 · 77 off
- Marsh & Mclennan Companies Retirement Plan (NY) 7,766 · 93 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.