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PensionRisk

Northrop Grumman Pension Plan vs General Dynamics Corporation Pension Plan

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

Northrop Grumman Pension Plan (A) and General Dynamics Corporation Pension Plan (A) are close on the LakeQuality rubric. Funding ratios sit at 106% and 86% 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 General Dynamics Corporation Pension Plan at 83/100 (A). Funding ratios differ by 19.8 percentage points (106.2% vs 86.4%). Northrop Grumman Pension Plan covers 106,531 participants.

MetricNorthrop Grumman Pension PlanGeneral Dynamics Corporation Pension Plan
Health Score
Composite of funding ratio, trend, and PBGC risk
100/100 (A)*83/100 (A)
Funding Ratio
Assets as % of liabilities (100%+ is fully funded)
106.2%*86.4%
Total Assets$18.7B$3.0B
Total Liabilities$17.6B$3.5B*
Unfunded Liability$0*$470.9M
Participants106,53135,602
1-Year Investment Return7.3%7.4%*
Plan Typecorporatecorporate
PBGC Risk Levellowlow
SponsorNorthrop GrummanGeneral Dynamics

Northrop Grumman Pension Plan has a stronger Pension Health Score of 100/100 (A) compared to General Dynamics Corporation Pension Plan at 83/100 (A). Funding ratios differ by 19.8 percentage points (106.2% vs 86.4%). Northrop Grumman Pension Plan covers 106,531 participants.

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