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: 515
- Total Participants: 0
- Total Assets: $156.8M
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 | 0 | $156.8M | $354,513 | $315,291 |
| 2023 | 0 | $162.1M | $415,251 | $337,291 |
| 2022 | 0 | $299.2M | $524,064 | $421,288 |
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 |
|---|---|---|---|---|
| ALIGHT SOLUTIONS LLC | Recordkeeper | $340,422 | — | $340,422 |
| JPMORGAN CHASE BANK, N.A. | Recordkeeper | $183,933 | — | $183,933 |
| GROOM LAW GROUP | ERISA Attorney | $113,756 | — | $113,756 |
| AON CONSULTING INC. | Recordkeeper | $99,895 | — | $99,895 |
| DELOITTE & TOUCHE LLP | Auditor | $94,415 | — | $94,415 |
| CIGNA | Other Service Provider | $62,146 | — | $62,146 |
| RHK CONSULTING LLC | Other Service Provider | $21,137 | — | $21,137 |
| PEGGY EDGE CPA LLC | Other Service Provider | $18,075 | — | $18,075 |
| WILLIS TOWERS WATSON | Recordkeeper | $11,165 | — | $11,165 |
| PRICEWATERHOUSECOOPERS (PWC) | Auditor | $9,260 | — | $9,260 |
| DIRECTPATH | Other Service Provider | $8,557 | — | $8,557 |
| HAGER STRATEGIC, INC. | Other Service Provider | $6,103 | — | $6,103 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS LLC — Recordkeeper
- JPMORGAN CHASE BANK, N.A. — Recordkeeper
- GROOM LAW GROUP — ERISA Attorney
- AON CONSULTING INC. — Recordkeeper
- DELOITTE & TOUCHE LLP — Auditor
- WILLIS TOWERS WATSON — Recordkeeper
- PRICEWATERHOUSECOOPERS (PWC) — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $968,864
- Estimated Expense Ratio: 0.618% 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 | $1,794,153 | $127,135 | $518,722 | $121,750 | — |
| 2023 | $1,952,047 | $120,278 | $509,159 | $116,793 | — |
| 2022 | $2,074,841 | $2,410 | $510,633 | — | $332,498 |