Defined Benefit (Pension) · DOL Form 5500 · 2024

Bae Systems, Inc. Pension Plan

Data updated 2026-07-24

$3.2B
Total assets: 8,058
Participants: 100th
Percentile by assets: $399,011
Avg per participant

Official DOL plan name: Bae Systems Employees' Retirement Plan · Sponsored by Bae Systems, Inc. · Virginia · Manufacturing

$3.2B in assets, 8,058 participants

Bae Systems, Inc.'s Bae Systems Employees' Retirement Plan reported $3.2B in total assets and 8,058 participants in its 2024 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 116,472 plans)

Coverage in Virginia

Bae Systems Employees' Retirement Plan covers 8,058 participants in Virginia, 10x the typical Virginia plan (state average ~781 per filing). Assets: $3.2B.

$3.2B
total plan assets (2024 EOY): 8,058
covered participants: 100th
percentile by assets (of 116,472 plans): $399,011
avg assets per participant

The plan reported a net loss of $204M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Bae Systems Employees' Retirement Plan reported net income rose from -$826M in the plan year 2023 filing to -$204M in the plan year 2024 filing.
Bae Systems Employees' Retirement Plan end-of-year assets fell from $3.4B in the plan year 2023 filing to $3.2B in the plan year 2024 filing.
Bae Systems Employees' Retirement Plan reported participants rose from 7,673 in the plan year 2023 filing to 8,058 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Virginia

Industry

Manufacturing

Participants vs Virginia filers

In Virginia, the average filing covers about 781 participants across 3,490 plans. Bae Systems Employees' Retirement Plan reports 8,058 participants - 10x that state average ($3.2B EOY assets).

Virginia filing particulars

Total Assets (Beginning of Year)	$3.4B
Net Assets (End of Year)	$3.2B
Net Income	-$204M
Employer EIN	223537950
Plan Effective Date	1999-11-29
Filing Status	FILING RECEIVED

Sponsor Plan History (Bae Systems, Inc.)

Total plan assets by year, all Bae Systems, Inc. plans on file

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 $18.8B · 12,678
Retirement Security Plan $11.5B · 56,633
Sheet Metal Workers' National Pension Fund $8.9B · 63,530
Ng Space&mission Systems Corp Salaried Pension Pla $8.4B · 6,737
Dominion Energy Pension Plan $8.3B · 11,758

Compare Bae Systems Employees' Retirement Plan side-by-side with 3 peers →

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.

M&t Bank Corporation Pension Plan (NY) $3.2B · 3,825
Cummins Pension Plan (IN) $3.2B · 30,640
Retirement Plan for Certain Represented Employees (MD) $3.2B · 6,769
Minnesota Laborers Pension Fund (MN) $3.2B · 10,089

Frequently Asked Questions

How did Bae Systems Employees' Retirement Plan assets move in 2024? ▼

Bae Systems Employees' Retirement Plan pulled back noticeably - down 6.0% during 2024, from $3.4B to $3.2B. Reported net income was -$204M.

How have Bae Systems, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Bae Systems, Inc.'s sponsor-wide assets grew 15.1%, from $12.4B to $14.3B.

Where does Bae Systems Employees' Retirement Plan rank by assets among Form 5500 filers? ▼

Bae Systems Employees' Retirement Plan ranks in the 100th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).

Which Defined Benefit (Pension) plans are similar in size to Bae Systems Employees' Retirement Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is M&t Bank Corporation Pension Plan in NY ($3.2B, 3,825 participants).

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

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 223537950.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.