Sheet Metal Workers National Pension Fund vs Northrop Grumman Pension Plan
Side-by-side pension health comparison from DOL and public plan data
Sheet Metal Workers National Pension Fund (A) and Northrop Grumman Pension Plan (A) are close on the LakeQuality rubric. Funding ratios sit at 83% 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 Sheet Metal Workers National Pension Fund at 91/100 (A). Funding ratios differ by 23.6 percentage points (106.2% vs 82.6%). Northrop Grumman Pension Plan covers 106,531 participants.
| Metric | Sheet Metal Workers National Pension Fund | Northrop Grumman Pension Plan |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 91/100 (A) | 100/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 82.6% | 106.2%* |
| Total Assets | $7.5B | $18.7B |
| Total Liabilities | $9.1B* | $17.6B |
| Unfunded Liability | $1.6B | $0* |
| Participants | 148,965 | 106,531 |
| 1-Year Investment Return | 5.3% | 7.3%* |
| Plan Type | multiemployer | corporate |
| PBGC Risk Level | low | low |
| Sponsor | Sheet Metal Workers International Association | Northrop Grumman |
Northrop Grumman Pension Plan has a stronger Pension Health Score of 100/100 (A) compared to Sheet Metal Workers National Pension Fund at 91/100 (A). Funding ratios differ by 23.6 percentage points (106.2% vs 82.6%). Northrop Grumman Pension Plan covers 106,531 participants.
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