Plan Snapshot
- Plan Sponsor: Bae Systems, INC.
- Sponsor EIN: 223537950
- Sponsor Address: 2941 FAIRVIEW PARK DRIVE, FALLS CHURCH, VA, 22042
- Plan Type: 401(k)
- Total Participants: 36,790
- Total Assets: $10.6B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 36,790 | $10.6B | $209.6M | $396.2M |
| 2023 | 32,246 | $9.4B | $174.7M | $330.6M |
| 2022 | 31,681 | $8.2B | $164.4M | $313.7M |
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 |
|---|---|---|---|---|
| GROOM LAW GROUP | NONE | $524,406 | — | $524,406 |
| WESTWOOD MANAGEMENT CORP | NONE | — | $386,980 | $386,980 |
| THE NORTHERN TRUST COMPANY | NONE | $312,225 | — | $312,225 |
| AON INVESTMENTS | NONE | $127,500 | — | $127,500 |
| DELOITE & TOUCHE LLP | NONE | $101,900 | — | $101,900 |
| PEGGY EDGE CPA | NONE | $29,100 | — | $29,100 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GROOM LAW GROUP — NONE
- DELOITE & TOUCHE LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,482,111
- Estimated Expense Ratio: 0.014% 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 | $1,032,322 | $127,500 | $119,417 | $131,000 | — |
| 2023 | $5,574,233 | $4,018,532 | $83,877 | $119,053 | — |
| 2022 | $9,635,667 | $2,745,604 | $660,504 | — | $6,184,213 |