Plan Snapshot
- Plan Sponsor: Bae Systems, INC.
- Sponsor EIN: 223537950
- Sponsor Address: 2941 FAIRVIEW PARK DRIVE, FALLS CHURCH, VA, 22042
- Plan Type: DB
- Total Participants: 7,278
- Total Assets: $3.2B
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 | 7,278 | $3.2B | $75.0M | $0 |
| 2023 | 8,058 | $3.4B | $0 | $0 |
| 2022 | 7,673 | $4.1B | $0 | $0 |
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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON | Recordkeeper | $2,728,227 | — | $2,728,227 |
| METROPOLITAN WEST ASSET MANAGEMENT | Other Service Provider | $1,008,246 | — | $1,008,246 |
| AON INVESTMENTS USA INC. | Other Service Provider | $960,928 | — | $960,928 |
| PIMCO | Other Service Provider | $803,886 | — | $803,886 |
| NISA INVESTMENT ADVISORS | Other Service Provider | $746,644 | — | $746,644 |
| AON CONSULTING, INC. | Recordkeeper | $556,748 | — | $556,748 |
| GROOM LAW GROUP | ERISA Attorney | $519,713 | — | $519,713 |
| THE NORTHERN TRUST COMPANY | Other Service Provider | $361,845 | — | $361,845 |
| FRANKLIN TEMPLETON | Other Service Provider | $305,839 | — | $305,839 |
| DELOITTE | Auditor | $220,386 | — | $220,386 |
| LGIM AMERICA | Other Service Provider | $199,800 | — | $199,800 |
| UBS | Other Service Provider | $186,910 | — | $186,910 |
| ALIGHT SOLUTIONS LLC | Recordkeeper | $55,419 | — | $55,419 |
| METROPOLITAN TOWER LIFE INSUR | Other Service Provider | $54,877 | — | $54,877 |
| PEGGY EDGE, CPA | Other Service Provider | $50,205 | — | $50,205 |
| ATHENE ANNUITY AND LIFE CO | Other Service Provider | $49,781 | — | $49,781 |
| STATE STREET BANK AND TRUST COMPANY | Other Service Provider | $29,879 | — | $29,879 |
| PRICEWATERHOUSECOOPERS | Auditor | $26,080 | — | $26,080 |
| RHK CONSULTING, LLC | Other Service Provider | $22,950 | — | $22,950 |
| ISS SCAS | Other Service Provider | $7,500 | — | $7,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON — Recordkeeper
- AON CONSULTING, INC. — Recordkeeper
- GROOM LAW GROUP — ERISA Attorney
- DELOITTE — Auditor
- ALIGHT SOLUTIONS LLC — Recordkeeper
- PRICEWATERHOUSECOOPERS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,895,863
- Estimated Expense Ratio: 0.277% 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 | $11,283,643 | $4,242,131 | $679,616 | $296,671 | — |
| 2023 | $22,042,750 | $4,611,135 | $1,109,941 | $246,380 | — |
| 2022 | $12,592,709 | $5,864,278 | $2,713,532 | — | $1,216,053 |