# Bae Systems, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/bae-systems-inc-223537950-515

> Bae Systems, INC.'s Health & Welfare plan: 0 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:** 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](https://planprovider.pro/provider/alight-solutions) — Recordkeeper

- [JPMORGAN CHASE BANK, N.A.](https://planprovider.pro/provider/jp-morgan-asset-management) — Recordkeeper

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

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

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

- [WILLIS TOWERS WATSON](https://planprovider.pro/provider/lincoln-financial-group) — Recordkeeper

- [PRICEWATERHOUSECOOPERS (PWC)](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:** $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|

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