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: 7,374
- Total Assets: $623.3M
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 | 7,374 | $623.3M | $0 | $2.1M |
| 2023 | 7,220 | $605.1M | $2,637 | $2.7M |
| 2022 | 6,658 | $611.7M | $4,219 | $3.4M |
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 |
|---|---|---|---|---|
| ERNST & YOUNG LLP | NONE | $220,634 | — | $220,634 |
| TOWERS WATSON INVESTMENT SERVICES | NONE | $69,954 | — | $69,954 |
| GRANT THORNTON LLP | NONE | $52,400 | — | $52,400 |
| CLIFFWATER LLC | NONE | $23,569 | — | $23,569 |
| MCGUIRE WOODS | NONE | $6,358 | — | $6,358 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ERNST & YOUNG LLP — NONE
- TOWERS WATSON INVESTMENT SERVICES — 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: $372,915
- Estimated Expense Ratio: 0.060% 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 | $3,916,184 | — | — | $52,400 | — |
| 2023 | $3,239,334 | $334,680 | — | $27,699 | — |
| 2022 | $2,601,577 | — | — | — | $262,320 |