Plan Snapshot
- Plan Sponsor: Bae Systems, INC.
- Sponsor EIN: 223537950
- Sponsor Address: 2941 FAIRVIEW PARK DRIVE, FALLS CHURCH, VA, 22042
- Plan Type: Health & Welfare
- Plan Number: 503
- Total Participants: 36,052
- Total Assets: $33.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 36,052 | $33.2M | $401.9M | $78.0M |
| 2023 | 31,583 | $36.9M | $335.6M | $71.7M |
| 2022 | 31,322 | $54.6M | $311.2M | $69.6M |
| 2020 | 31,597 | $81.1M | $307.9M | $80.5M |
| 2019 | 31,160 | $46.5M | $290.7M | $78.1M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CIGNA | Other Service Provider | $9,560,126 | — | $9,560,126 |
| ALIGHT | Recordkeeper | $3,769,156 | — | $3,769,156 |
| DELTA DENTAL OF VIRGINIA | Other Service Provider | $1,191,744 | — | $1,191,744 |
| MARATHON HEALTH | Other Service Provider | $446,696 | — | $446,696 |
| GROOM LAW GROUP | ERISA Attorney | $288,397 | — | $288,397 |
| SEGAL BENZ | Recordkeeper | $180,949 | — | $180,949 |
| ARTEMIS HEALTH | Other Service Provider | $171,676 | — | $171,676 |
| DIRECTPATH | Other Service Provider | $171,597 | — | $171,597 |
| DELOITTE & TOUCHE LLP | Auditor | $94,415 | — | $94,415 |
| HAGER STRATEGIC | Other Service Provider | $48,309 | — | $48,309 |
| JP MORGAN CHASE BANK | Recordkeeper | $34,242 | — | $34,242 |
| AON CONSULTING INC. | Recordkeeper | $20,000 | — | $20,000 |
| PEGGY EDGE CPA LLC | Other Service Provider | $18,075 | — | $18,075 |
| PRICEWATERHOUSECOOPERS | Auditor | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT — Recordkeeper
- GROOM LAW GROUP — ERISA Attorney
- SEGAL BENZ — Recordkeeper
- DELOITTE & TOUCHE LLP — Auditor
- JP MORGAN CHASE BANK — Recordkeeper
- AON CONSULTING INC. — Recordkeeper
- PRICEWATERHOUSECOOPERS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,000,382
- Estimated Expense Ratio: 48.257% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $29,156,769 | $48,309 | $28,668,331 | $117,490 | — |
| 2023 | $28,340,545 | $90,193 | $27,959,309 | $135,386 | — |
| 2022 | $28,493,440 | $30,341 | $27,939,310 | — | $518,087 |
| 2020 | $26,895,678 | $46,930 | $26,307,679 | — | — |
| 2019 | $24,912,061 | $30,914 | $24,410,420 | — | — |