NORTHROP GRUMMAN SAVINGS PLAN Contribution & Employer Match
How NORTHROP GRUMMAN CORPORATION Supports Your Retirement Savings
NORTHROP GRUMMAN CORPORATION provides retirement savings benefits through NORTHROP GRUMMAN SAVINGS PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.
NORTHROP GRUMMAN SAVINGS PLAN Average Participant Retirement Account Value
NORTHROP GRUMMAN SAVINGS PLAN Estimated Average Employee Contribution Amount
608,111.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 9,501.00 in NORTHROP GRUMMAN SAVINGS PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in NORTHROP GRUMMAN SAVINGS PLAN
An employer match is one of the most valuable benefits in any 401(k) plan — it is essentially free money added to your retirement savings. Your employer contributes additional funds based on a percentage of your own contributions. Missing out on the full match is one of the most common and costly retirement mistakes employees make.
NORTHROP GRUMMAN SAVINGS PLAN Total Employer Contribution and Match Rate
NORTHROP GRUMMAN SAVINGS PLAN Estimated Average Employer Match
Investing in this additonal $4,218.00 for 20 years would give you extra $269,970.00, assuming a 10% annual return.
* Data are from public filings.
Are You Leaving Dollars on the Table?
If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.
Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.
NORTHROP GRUMMAN SAVINGS PLAN Contribution & Match Policy
NORTHROP GRUMMAN SAVINGS PLAN Contribution, Match and Other Plan Policies
- Participant contributions are subject to certain limitations imposed by the Code.
- Contributions can be made on a tax-deferred (pre-tax) basis, after-tax basis or to a Roth 401(k) on an after-tax basis, or a combination thereof through payroll withholdings.
- Participants may also rollover benefit payments from certain pension plans sponsored by the Company and other qualified plans into the Plan.
- Active participants may change the percentage of their contributions.
- First time eligible employees (newly hired, rehired, and certain transfers) are automatically enrolled into the Plan approximately 45 days after the date of hire, rehire, or transfer unless an alternative election is made.
- Contributions for those automatically enrolled in the Plan increase by one percent each year up to a maximum percentage specified by the Plan sponsor and relate to pre-tax and Roth 401(k) contributions only.
- For employees hired before April 1, 2016, the Company’s matching contributions are generally as follows: Company Employee Contribution Match First 2% of eligible compensation 100 % Next 2% of eligible compensation 50 % Next 4% of eligible compensation 25 % Contributions over 8% — For most employees hired after April 1, 2016, and certain employees who did not previously participate in a Company sponsored pension plan or receive a RAC or a NEC, the Company’s matching contributions are generally as follows: Company Employee Contribution Match First 4% of eligible compensation 100 % For employees with less than 5 years of service: Next 4% of eligible compensation 50 % Contributions over 8% — For employees with 5 or more years of service: Next 6% of eligible compensation 50 % Contributions over 10% —
- Plan participants are fully vested in the balance of their accounts from employee contributions and earnings thereon.
- Plan participants, other than participants covered under certain collective bargaining agreements, become fully vested in Company matching contributions, and earnings thereon, upon completion of three years of service.
- Plan participants who are eligible for RAC and NEC fully vest in those Company contributions, and earnings thereon, upon completion of three years of service.
2025 IRS 401(k) Contribution Limits
The IRS sets annual limits on how much you and your employer can contribute to a 401(k) plan. Knowing these limits helps you maximize tax-advantaged savings. Here are the current limits:
| 2024 | 2025 | |
|---|---|---|
| Employee elective deferrals (pretax + Roth) | $23,000 | $23,500 |
| Employee + employer contributions combined | $69,000 | $70,000 |
| Catch-up contributions (age 50+) | $7,500 | $7,500 |
| Enhanced catch-up (ages 60–63, SECURE 2.0) | N/A | $11,250 |
The power of maxing out: If you contribute the full $23,500 annually for 20 years at a 10% average annual return, you would accumulate approximately $1,505,256. If you can maximize the combined employee+employer limit of $70,000 per year, that grows to roughly $4,480,385 over the same period — more than triple.
Use the 401(k) Savings Calculator to model your specific contribution scenario and see how your savings can grow over time.
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