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NORTHROP GRUMMAN SHIPBUILDING INC. NEWPORT NEWS OPERATIONS SAVINGS 401(K) PLAN FOR UNION ELIGIBLE EMPLOYEES 401k Plan overview

Plan NameNORTHROP GRUMMAN SHIPBUILDING INC. NEWPORT NEWS OPERATIONS SAVINGS 401(K) PLAN FOR UNION ELIGIBLE EMPLOYEES
Plan identification number 007

NORTHROP GRUMMAN SHIPBUILDING INC. NEWPORT NEWS OPERATIONS SAVINGS 401(K) PLAN FOR UNION ELIGIBLE EMPLOYEES Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NORTHROP GRUMMAN SHIPBUILDING INC. has sponsored the creation of one or more 401k plans.

Company Name:NORTHROP GRUMMAN SHIPBUILDING INC.
Employer identification number (EIN):540318880
NAIC Classification:336610

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTHROP GRUMMAN SHIPBUILDING INC. NEWPORT NEWS OPERATIONS SAVINGS 401(K) PLAN FOR UNION ELIGIBLE EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0072009-01-01GARY W. MCKENZIE - VP TAX

Plan Statistics for NORTHROP GRUMMAN SHIPBUILDING INC. NEWPORT NEWS OPERATIONS SAVINGS 401(K) PLAN FOR UNION ELIGIBLE EMPLOYEES

401k plan membership statisitcs for NORTHROP GRUMMAN SHIPBUILDING INC. NEWPORT NEWS OPERATIONS SAVINGS 401(K) PLAN FOR UNION ELIGIBLE EMPLOYEES

Measure Date Value
2009: NORTHROP GRUMMAN SHIPBUILDING INC. NEWPORT NEWS OPERATIONS SAVINGS 401(K) PLAN FOR UNION ELIGIBLE EMPLOYEES 2009 401k membership
Total participants, beginning-of-year2009-01-0111,883
Total number of active participants reported on line 7a of the Form 55002009-01-0112,065
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-01122
Total of all active and inactive participants2009-01-0112,187
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-0110
Total participants2009-01-0112,197
Number of participants with account balances2009-01-015,181
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-013

Financial Data on NORTHROP GRUMMAN SHIPBUILDING INC. NEWPORT NEWS OPERATIONS SAVINGS 401(K) PLAN FOR UNION ELIGIBLE EMPLOYEES

Measure Date Value
2010 : NORTHROP GRUMMAN SHIPBUILDING INC. NEWPORT NEWS OPERATIONS SAVINGS 401(K) PLAN FOR UNION ELIGIBLE EMPLOYEES 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$32,312,395
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$6,777,520
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$6,746,025
Expenses. Certain deemed distributions of participant loans2010-12-31$540
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$21,842,594
Value of total assets at end of year2010-12-31$147,619,547
Value of total assets at beginning of year2010-12-31$122,084,672
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$30,955
Total interest from all sources2010-12-31$573,588
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$668,412
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$668,412
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$100,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$14,674,992
Participant contributions at end of year2010-12-31$13,239,451
Participant contributions at beginning of year2010-12-31$10,600,109
Other income not declared elsewhere2010-12-31$2,003
Administrative expenses (other) incurred2010-12-31$30,955
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$25,534,875
Value of net assets at end of year (total assets less liabilities)2010-12-31$147,619,547
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$122,084,672
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$113,608,611
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$94,778,172
Interest on participant loans2010-12-31$573,588
Value of interest in common/collective trusts at end of year2010-12-31$14,214,902
Value of interest in common/collective trusts at beginning of year2010-12-31$12,092,931
Net gain/loss from 103.12 investment entities2010-12-31$9,225,798
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$6,556,583
Assets. Invements in employer securities at beginning of year2010-12-31$4,613,460
Contributions received in cash from employer2010-12-31$7,167,602
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$6,746,025
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31DELOITTE & TOUCHE LLP
Accountancy firm EIN2010-12-31133891517
2009 : NORTHROP GRUMMAN SHIPBUILDING INC. NEWPORT NEWS OPERATIONS SAVINGS 401(K) PLAN FOR UNION ELIGIBLE EMPLOYEES 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for NORTHROP GRUMMAN SHIPBUILDING INC. NEWPORT NEWS OPERATIONS SAVINGS 401(K) PLAN FOR UNION ELIGIBLE EMPLOYEES

2009: NORTHROP GRUMMAN SHIPBUILDING INC. NEWPORT NEWS OPERATIONS SAVINGS 401(K) PLAN FOR UNION ELIGIBLE EMPLOYEES 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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