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PensionRisk

Boeing Company Employee Retirement Plan vs Northrop Grumman Pension Plan

Side-by-side pension health comparison from DOL and public plan data

Boeing Company Employee Retirement Plan (A) and Northrop Grumman Pension Plan (A) are close on the LakeQuality rubric. Funding ratios sit at 92% and 106% respectively — within a few points of each other.

With grades this close, the comparison turns on plan-specific factors: status (active vs frozen), participant maturity, sponsor financial health, and multi-year trajectory rather than the headline composite.

Verdict

Northrop Grumman Pension Plan has a stronger Pension Health Score of 100/100 (A) compared to Boeing Company Employee Retirement Plan at 96/100 (A). Funding ratios differ by 14.2 percentage points (106.2% vs 92.0%). Northrop Grumman Pension Plan covers 106,531 participants.

MetricBoeing Company Employee Retirement PlanNorthrop Grumman Pension Plan
Health Score
Composite of funding ratio, trend, and PBGC risk
96/100 (A)100/100 (A)*
Funding Ratio
Assets as % of liabilities (100%+ is fully funded)
92.0%106.2%*
Total Assets$25.0B$18.7B
Total Liabilities$27.2B$17.6B*
Unfunded Liability$2.2B$0*
Participants118,601106,531
1-Year Investment Return6.7%7.3%*
Plan Typecorporatecorporate
PBGC Risk Levellowlow
SponsorBoeing CompanyNorthrop Grumman

Northrop Grumman Pension Plan has a stronger Pension Health Score of 100/100 (A) compared to Boeing Company Employee Retirement Plan at 96/100 (A). Funding ratios differ by 14.2 percentage points (106.2% vs 92.0%). Northrop Grumman Pension Plan covers 106,531 participants.

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