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Original filing (PDF)20251015065416NAL0008055922001
BAE SYSTEMS, INC.
Form 5500
FILING_RECEIVED
BAE SYSTEMS FUNDED WELFARE BENEFIT PLAN
Health & welfare plan
Signals · 4
53% in single holding~4826 bps in Sched C feesNo recordkeeper disclosed14 service providers
Active participants
36,052
Accounts w/ balance
—
Plan assets (EOY)
$33.2M
Net assets (EOY)
-$11.3M
How this plan invests
This plan
2 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
84
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
75
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "JPMorgan VEBA I Fidelity Government Portfolio-Inst Share Fund" is 53% of plan.
- 4826 bps in Schedule C fees — 16540% above peer band of 29 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BAE SYSTEMS, INC..
Plan sponsor
Name
BAE SYSTEMS, INC.
EIN
22-3537950
Address
2941 FAIRVIEW PARK DRIVE · FALLS CHURCH, VA · 22042
Phone
(888) 900-4223
Industry
Manufacturingsee all
Plan administrator
Name
BAE SYSTEMS ADMINISTRATIVE COMMITTEE
EIN
52-2267705
City
FALLS CHURCH, VA
Phone
(571) 461-6088
Plan characteristics
Plan number
503
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Welfare benefit codes
4A · Health (other than dental or vision)
4D · Dental
4F · Temporary Disability (accident and sickness)
Audit & trust (Schedule H)
Auditor
DELOITTE & TOUCHE LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
14 rowsOther
14| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CIGNA | 59-1031071 | — | NONE | $9.6M | — |
| ALIGHT | 36-2235791 | — | NONE | $3.8M | — |
| DELTA DENTAL OF VIRGINIA | 54-0844477 | — | NONE | $1.2M | — |
| MARATHON HEALTH | 46-4071925 | — | NONE | $447K | — |
| GROOM LAW GROUP | 52-1219029 | — | NONE | $288K | — |
| SEGAL BENZ | 94-1503999 | — | NONE | $181K | — |
| ARTEMIS HEALTH | 46-4071925 | — | NONE | $172K | — |
| DIRECTPATH | 02-0677999 | — | NONE | $172K | — |
| DELOITTE & TOUCHE LLP | 13-3891517 | — | NONE | $94K | — |
| HAGER STRATEGIC | 52-1942556 | — | NONE | $48K | — |
| JP MORGAN CHASE BANK | 13-4994650 | — | NONE | $34K | — |
| AON CONSULTING INC. | 22-2232264 | — | NONE | $20K | — |
| PEGGY EDGE CPA LLC | 26-4527814 | — | NONE | $18K | — |
| PRICEWATERHOUSECOOPERS | 13-4008324 | — | NONE | $5K | — |
Investments
2 direct securities· $33.2M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| JPMorgan VEBA I Fidelity Government Portfolio-Inst Share Fund | — | — | — | $17.6M | 53.0% | |
| JPMorgan Checking JPMorgan Interest-Bearing Cash Checking acct | — | — | — | $15.6M | 47.0% |