Plan Ledger DOL Form 5500 · updated monthly

Northrop Grumman Federal Credit Union401(k)

NORTHROP GRUMMAN FEDERAL CREDIT UNION 401(K) PLAN · GARDENA, CA · plan year 2024

Reported admin expense ratio · 2024
0.26%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Northrop Grumman Federal Credit Union reported $52,227 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $5,009 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 3,410th-largest of 9,483 plans among California employers on file, and 2,910th of 4,798 in finance & insurance. In 2024, the employer put in $1.07 for every $1.00 employees contributed themselves; active participation has grown from 220 to 248 since 2022.

Plan summary
Net assets, end of year$21,908,428
Participants with balances286
Active participants248
Employer contributions$1,242,204
Employee contributions$1,157,984
Employer contribution per active participant$5,009
Average account balance$76,603
Benefits paid to participants$1,823,610
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.9M · 286 accts · $1.2M emplr
2023$18.9M · 276 accts · $1.3M emplr
2022$14.7M · 257 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,227
Total administrative$52,227
The Northrop Grumman Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$5,009
Median for plans this size$2,416
2024$5,009 per active participant
2023$5,254 per active participant
2022$4,983 per active participant

Northrop Grumman Federal Credit Union's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$52,227 · 0.26%
2023$43,651 · 0.26%
2022$42,506 · 0.27%
Similar plansFinance & Insurance · California
California Bank of Commerce CA$22.5M · 0.04%
Ventura County Credit Union CA$22.1M · 0.46%
Patra Corporation CA$21.5M · 0.84%

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Source: U.S. Department of Labor, Form 5500 series, EIN 956040815 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.