Basic life Insurance

Basic Accidental Death and Dismemberment (AD&D) insurance

One times your annual base pay or $50,000, whichever is greater

Short-term disability (STD) insurance

100% of base earnings for the first six weeks of approved disability, 60% of base earnings for up to 20 weeks (coverage is 100% company paid)

Basic long-term disability (LTD) insurance

50% of base monthly salary during a long-term disability, up to maximum of $15,000 per month (coverage is 100% company paid)

Business Travel Accident (BTA) insurance

Coverage if you die or are seriously injured in an accident while traveling on approved company business

NG Care and Work/Life Solutions

Confidential counseling and referral program to help you and your dependents manage personal issues and assistance with balancing the day-to-day demands of work and life

Medical coverage (includes prescription drug and mental health benefits)

• Three Anthem national health plan options with varying deductibles, out-of-pocket maximums and premiums, two of which are considered high-deductible health plans
• Kaiser Health Maintenance Organization (HMO) option, if available in your geographic location
• Cigna Global for U.S. employees based abroad

Dental coverage

• Four PPO options
• A dental HMO, if available in your geographic location
• Cigna Global Dental Plan, for U.S. employees based abroad

Vision coverage

Two plans that offer in-network and out-of-network coverage for routine vision services

Health Savings Account (HSA)

Access to an employee-funded health savings account (limited to employees who are enrolled in a high-deductible health plan and satisfy other IRS requirements)

Flexible Spending Health Care and Dependent Day Care Accounts (FSAs)

Contribute up to IRS allowable maximum to help pay for eligible health care and dependent day care expenses

Group Legal

Two plans, Basic and Advantage, which provide benefits for covered legal services (eligibility depends on business unit)

Optional LTD insurance

Additional 10% coverage of base monthly salary, to obtain 60% of base monthly salary when combined with Basic LTD

Optional Life insurance
Optional AD&D insurance

Various coverage levels for both you and your dependents

Imm​​edia​te​ Participation

Eligible employees immediately qualify to enroll in the Northrop Grumman Savings Plan (NGSP). The Plan will automatically enroll eligible employees approximately 6-8 weeks after start date if the employee does not enroll earlier or opt out of the automatic enrollment.

Benefit Growth​

Your benefit grows through:

• Your contributions +
• Company contributions +
• Any investment earnings on those contributions

Your Contributions

You can contribute a percentage of your eligible compensation as pre-tax contributions, Roth 401(k) contributions, traditional after-tax contributions, or any combination of the three, up to annual IRS limits.

Company Contributions

Northrop Grumman provides a company match, based on your years of service and your contribution to the Northrop Grumman Savings Plan (NGSP).

Vesting

You are always 100% vested in your contributions.

You will be vested in the company contributions after three years of service.

Investment Options

You can choose from:

• Retirement Path funds (investment options that are professionally managed for you and geared to a specific target retirement date)
• A variety of core proprietary investment funds offering different levels of risk and return
• A self-directed brokerage account that allows you to invest in many mutual funds and individual securities
• Access to online investment advice and professional management services are available from Fidelity’s Personalized Planning and Advice service.

Loans

You may request a general purpose or primary residence loan within limits.

Rollovers

You can roll over an existing account balance from another employer's qualified plan or individual retirement account (IRA), into the Northrop Grumman Savings Plan (NGSP).