Plan Snapshot
- Plan Sponsor: Huntington Ingalls Industries, INC.
- Sponsor EIN: 900607005
- Sponsor Address: 4101 WASHINGTON AVENUE, NEWPORT NEWS, VA, 23607
- Plan Type: DB
- Total Participants: 4,566
- Total Assets: $3.5B
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 | 4,566 | $3.5B | $0 | $8,911 |
| 2023 | 4,990 | $3.4B | $48,104 | $134,491 |
| 2022 | 5,389 | $3.3B | $72,149 | $97,716 |
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 |
|---|---|---|---|---|
| TOWERS WATSON INVESTMENT SERVICES | NONE | $311,850 | — | $311,850 |
| ERNST & YOUNG LLP | NONE | $271,604 | — | $271,604 |
| CLIFFWATER LLC | NONE | $132,888 | — | $132,888 |
| GRANT THORNTON LLP | NONE | $52,400 | — | $52,400 |
| DELOITTE TAX LLC | NONE | $26,327 | — | $26,327 |
| WILMERHALE | NONE | $12,847 | — | $12,847 |
| MCGUIRE WOODS | NONE | $6,358 | — | $6,358 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TOWERS WATSON INVESTMENT SERVICES — NONE
- ERNST & YOUNG LLP — NONE
- GRANT THORNTON LLP — NONE
- MCGUIRE WOODS — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $814,274
- Estimated Expense Ratio: 0.023% 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 | $3,320,044 | — | — | $52,400 | — |
| 2023 | $3,384,323 | $637,673 | — | $28,199 | — |
| 2022 | $2,772,602 | — | — | — | $257,084 |