# Bae Systems, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/bae-systems-inc-223537950-503

> Bae Systems, INC.'s Health & Welfare plan: 36,052 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/alight-solutions) — Recordkeeper

- [GROOM LAW GROUP](https://planprovider.pro/provider/groom-law-group) — ERISA Attorney

- [SEGAL BENZ](https://planprovider.pro/provider/milliman) — Recordkeeper

- [DELOITTE & TOUCHE LLP](https://planprovider.pro/provider/deloitte-and-touche-llp) — Auditor

- [JP MORGAN CHASE BANK](https://planprovider.pro/provider/jp-morgan-asset-management) — Recordkeeper

- [AON CONSULTING INC.](https://planprovider.pro/provider/alight-solutions) — Recordkeeper

- [PRICEWATERHOUSECOOPERS](https://planprovider.pro/provider/pricewaterhousecoopers-llp) — 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|—|—|

## Similar Plans

- [Northrop Grumman Corporation](https://planprovider.pro/companies/northrop-grumman-corporation-401k-plan-011) — 151,108 participants

- [Northrop Grumman Corporation](https://planprovider.pro/companies/northrop-grumman-corporation-800640649-501) — 93,428 participants

- [Bae Systems, INC.](https://planprovider.pro/companies/bae-systems-inc-401k-plan) — 58,830 participants

- [Northrop Grumman Corporation](https://planprovider.pro/companies/northrop-grumman-corporation-plan-030-0649) — 11,507 participants

- [Bae Systems, INC.](https://planprovider.pro/companies/bae-systems-inc-plan-050) — 7,278 participants

- [Northrop Grumman Corporation](https://planprovider.pro/companies/northrop-grumman-corporation-plan-007-0649) — 6,030 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/bae-systems-inc-223537950-503)

© 2026 PlanProvider.Pro