Defined Benefit (Pension) · DOL Form 5500 · 2024
Bae Systems, Inc. Pension Plan
Data updated 2026-08-25
- $3.2B
- Total assets Very large vs avg
- 8,058
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $399,011
- Avg per participant High balance/head
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.
- #17,613 in Manufacturing (17,777 peers)
Coverage in Virginia
Bae Systems Employees' Retirement Plan covers 8,058 participants in Virginia, 10x the typical Virginia plan (state average ~782 per filing). Assets: $3.2B.
- #17,613
- in Manufacturing (17,777 peers)
- -6.0%
- assets change YoY
- 32×
- vs typical plan assets (national mean)
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's outsized position by total assets
Bae Systems Employees' Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$3,215,234,427 Highest reported value at or above every one of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Bae Systems Employees' Retirement Plan's large-plan peer group by participant headcount
Plan-year 2024 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 (8,058 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- 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.
DOL schedule card
Filing strip 223537950 · Bae Systems, Inc. PY 2024 · Defined Benefit (Pension)
Bae Systems Employees' Retirement Plan · $3.2B · 8,058 · 100th
- EBSA $3.2B
- EBSA 8,058
- EBSA 100th
- EBSA Defined Benefit (Pension)
- EBSA near M&t Bank Corporation Pension Plan
- EBSA ind #17613
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) | $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.)
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 $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
Scale composition for Bae Systems Employees' Retirement Plan
Bae Systems Employees' Retirement Plan reports $3.2B in end-of-year assets across 8,058 participants (0.026% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 covered participants) - about $399,011 per participant (2.9x the national average assets-per-participant) . Net income for plan year 2024 was -$204M.
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 | Open filing |
| 2024 · index core | 8,058 | $3.2B | This page |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Bae Systems Employees' Savings and Investment Plan (401(k), $10.6B, 32,246 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 M&t Bank Corporation Pension Plan in NY ($3.2B); by covered participants it is Retail Food Employers & Ufcw Local 711 Pension in UT (8,046 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($3.2B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (8,058 participants); asset peers above are excluded.
- Retail Food Employers & Ufcw Local 711 Pension (UT) 8,046 · 12 off
- Adm Retirement Plan (IL) 8,042 · 16 off
- Rochester General Health System Employee Retirement Plan (NY) 8,078 · 20 off
- Parker Defined Benefit Pension Plan (OH) 8,120 · 62 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.