Plan Snapshot
- Plan Sponsor: Bae Systems, INC.
- Sponsor EIN: 223537950
- Sponsor Address: 2941 FAIRVIEW PARK DRIVE, FALLS CHURCH, VA, 22042
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 58,830
- Total Assets: $12.0B
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. |
|---|---|---|---|---|
| 2025 | 58,830 | $12.0B | $0 | $0 |
| 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 |
|---|---|---|---|---|
| EMPOWER RETIREMENT | Other Service Provider | $723,948 | — | $723,948 |
| GROOM LAW GROUP | Other Service Provider | $439,924 | — | $439,924 |
| THE NORTHERN TRUST COMPANY | Other Service Provider | $219,248 | — | $219,248 |
| AON INVESTMENTS | Other Service Provider | $127,500 | — | $127,500 |
| DELOITE & TOUCHE LLP | Other Service Provider | $97,650 | — | $97,650 |
| ERNST & YOUNG LLP | Other Service Provider | $50,000 | — | $50,000 |
| PEGGY EDGE CPA | Other Service Provider | $38,250 | — | $38,250 |
| ALIGHT | Other Service Provider | $19,167 | — | $19,167 |
| SEGAL BENZ | Other Service Provider | $14,033 | — | $14,033 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,729,720
- 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 |
|---|---|---|---|---|---|
| 2025 | $1,078,754,543 | $127,500 | $199,277 | $135,900 | — |
| 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 |