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Original filing (PDF)20251013104658NAL0000499011001
THALES DEFENSE & SECURITY, INC.
Form 5500
FILING_RECEIVED
THALES COMMUNICATIONS PENSION PLAN
Defined-benefit pension plan
Signals · 2
26% in single holding~117 bps in Sched C fees
Active participants
40
Accounts w/ balance
—
Plan assets (EOY)
$8.8M
Net assets (EOY)
$8.8M
How this plan invests
This plan
9 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
86
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
87
Total plan cost
65
Vendor stack
75
Participation health
100
Knocking points off
- Top holding "Vanguard Total Bond Market Index Adm" is 26% of plan.
- 117 bps in Schedule C fees — 126% above peer band of 52 bps.
- Plan is frozen (1I) — no new benefit accrual.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for THALES DEFENSE & SECURITY, INC..
Plan sponsor
Name
THALES DEFENSE & SECURITY, INC.
EIN
52-0802860
Address
22605 GATEWAY CENTER DRIVE · CLARKSBURG, MD · 20871
Phone
(240) 864-7000
Industry
Manufacturingsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-13
Pension benefit codes
1A · Pay-related DB formula
1I · Frozen plan — no new benefit accrual
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
PICKETT, CHANEY & MCMULLEN LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
4 rowsOther
4| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| USI CONSULTING GROUP | 06-1053228 | — | NONE | $53K | — |
| THOMPSON HINE LLP | 34-0575300 | — | NONE | $27K | — |
| CLEARSTEAD ADVISORS LLC | 34-1597728 | — | NONE | $13K | — |
| PICKETT, CHANEY & MCMULLEN LLP | 48-1246310 | — | NONE | $10K | — |
Investments
9 direct securities· $8.8M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Vanguard Total Bond Market Index Adm | — | — | $2.3M | $2.2M | 25.5% | |
| Vanguard Long Term Corp Bond Idx Adm | — | — | $2.3M | $2.2M | 24.7% | |
| Vanguard Long Term Government Bond Fund | — | — | $2.4M | $2.1M | 23.9% | |
| Vanguard Short Term Bond Index | — | — | $1.8M | $1.8M | 20.9% | |
| First American Government Obligation Fund | — | — | $435K | $435K | 4.9% | |
| PGIM Investment Global Real Estate Fund | — | — | $7 | $7 | <0.1% | |
| Federated Hermes Total Return Bond Fund | — | — | $5 | $5 | <0.1% | |
| Vanguard Fixed Income LongTerm Inv Grade | — | — | $4 | $4 | <0.1% | |
| Fidelity Intermed Tr Bond | — | — | $1 | $1 | <0.1% |