2022-11-12T12:44:51-06:00 2021-12-31 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2021-01-01 953386394 NORTHROP GRUMMAN CORPORATION VEBA MASTER TRUST I NORT 6176626858 1776 HERITAGE DRIVE 3RD FLOOR QUINCY MA 02171 STATE STREET BANK TRUSTEE 6176626858 2022-11-12 1 STATE STREET BANK XXX-XX-XXXX GARRETT M HIGGINS P00543209 9143818900 2022-11-07 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X ERIC SCHOLTEN 101 CONTINENTAL BLVD EL SEGUNDO CA 90245 1345335359 0 X N/A X 1988 MA THE NORTHROP GRUMMAN CORPORATION VEBA MASTER TRUST I ("VEBA I") PROVIDES HEALTH CARE AND LIFE INSURANCE TO ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS AS SET FORTH IN THE NORTHROP GRUMMAN CORPORATION VEBA MASTER TRUST I. 5 0 0 0 10364119 10331931 0 0 1077451629 1203167875 14591011 10114282 1151465 249837 1093194105 1213531994 0 0 1027205578 1123983854 32020 10188 0 0 0 58746209 61786903 1085983807 1185780945 7210298 27751049 238661584 265633281 1071465 100489 237590119 265532792 THE PRIMARY PURPOSE OF VEBA I ("VEBA I") IS TO PROVIDE HEALTH CARE AND LIFE INSURANCE BENEFITS TO ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS AS SET FORTH IN THE NORTHROP GRUMMAN CORPORATION VEBA MASTER TRUST I. 0 0 PAYMENT OF HEALTH CARE AND LIFE INSURANCE CLAIMS FOR ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS UNDER THE NORTHROP GRUMMAN CORPORATION VEBA MASTER TRUST I. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 X 1 0 0 1 1 1 AS AU BE CA DA FI FR GM HK EI IS IT JA NL NZ NO PO SN SP SW SZ UK 0 0 0 0 0 0 X 5 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 CA X X X DUNCAN NGUGI STATE STREET BANK 6176643144 1776 HERITAGE DRIVE 3RD FLOOR QUINCY MA 02171 ERIC SCHOLTEN INVMT COMMITTEE CHAIR 0.50 X X 0 0 0 DENNIS NEWBERRY INVMT COMMITTEE SECRETARY 0.50 X X 0 0 0 JEFF SCHMIDT INVMT COMMITTEE MEMBER 0.50 X 0 0 0 SUNIL NAVALE INVMT COMMITTEE MEMBER 0.50 X 0 0 0 INGRID VAUGHAN INVMT COMMITTEE MEMBER 0.50 X 0 0 0 RAJENDER CHANDHOK INVMT COMMITTEE MEMBER, THRU FEB. 2021 0.50 X 0 0 0 STATE STREET BANK TRUSTEE 5.00 X 10188 0 0 10188 0 0 0 0 0 0 ANTHEM BLUE CROSS 801 SOUTH FIGUEROA STREET 5TH FLOO LOS ANGELES CA 90017 MEDICAL CLAIMS 650768901 CVS CAREMARK ONE CVS DRIVE WOONSOCKET RI 02895 SELF INSURANCE CLAIMS 144339144 KAISER FOUNDATION HEALTH PLAN 10121 S E SUNNYSIDE RD SUITE 30 CLACKAMAS OR 97015 MEDICAL CLAIMS 101080867 METLIFE 200 PARK AVENUE NEW YORK NY 10166 SELF INSURANCE CLAIMS 67485035 DELTA DENTAL OF CALIFORNIA 560 MISSION STREET SUITE 1300 SAN FRANCISCO CA 94105 SELF INSURANCE CLAIMS 66660601 24 EMPLOYER CONTRIBUTIONS 900099 809039238 809039238 EMPLOYEE CONTRIBUTIONS 900099 365586198 365586198 OTHER CONTRIBUTIONS 900099 28542439 28542439 1203167875 4351504 4351504 137566143 131803365 5762778 5762778 5762778 STOCK LOAN INCOME 900001 245810 245810 OTHER INVESTMENT INCOM 900099 4027 4027 249837 1213531994 1203167875 10364119 0 1123983854 10188 106380 260031 15484 10062827 84744 TAX EXPENSE 4646600 ADMIN EXP & ASO FEES 46523455 TEMPORARY HELP 85305 MISCELLEANEOUS EXPENSE 1758 319 1185780945 1157392 1067119 147320645 170415039 88909773 93181884 1273774 969239 238661584 265633281 1071465 100489 1071465 100489 X 237590119 265532792 0 0 0 0 237590119 265532792 238661584 265633281 X 27751049 191624 X X 0 1 X 1 0 0 INVESTMENT PAYABLE 100489 100489 X 1263078000 49546006 49546006 1213531994 0 1213531994 1181414000 0 1181414000 4366945 4366945 1185780945 PART X, LINE 2: GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE AUTHORITIES. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION FOR YEARS PRIOR TO 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACCRUAL TO CASH ADJUSTMENTS 49,546,006. PART XII, LINE 4B - OTHER ADJUSTMENTS: ACCRUAL TO CASH ADJUSTMENTS 4,366,945. FORM 990, PART VI, SECTION A, LINE 8B THE TRUST HAS NO SUCH COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE TRUSTEE OF VEBA I HAS RETAINED AN OUTSIDE ACCOUNTING FIRM TO PREPARE THE REQUIRED FORM 990. THE FORM 990 IS PRINTED AND MAILED TO THE CORPORATE DIRECTOR OF INVESTMENTS AT NORTHROP GRUMMAN CORPORATION, INVESTMENTS & TRUST DEPARTMENT FOR REVIEW PRIOR TO FILING. REASONABLENESS CHECK IS PERFORMED. IRREGULARITIES OR ISSUES ON FILING ARE RAISED TO THE INVESTMENT COMMITTEE. ANY COMMENTS ARE RETURNED TO THE ACCOUNTING FIRM, ISSUES ARE RESOLVED PRIOR TO THE PRINTING OF THE FINAL FORM 990. THE CORPORATE DIRECTOR OF INVESTMENTS AT NORTHROP GRUMMAN SIGNS AND MAILS THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C NORTHROP GRUMMAN CORPORATION CORPORATE EMPLOYEES ARE COVERED UNDER A CORPORATE CONFLICTS OF INTEREST POLICY THAT WAS IN PLACE PRIOR TO DECEMBER 31, 2008. NORTHROP GRUMMAN CORPORATE EMPLOYEES ARE REQUIRED TO CERTIFY ANNUALLY AND AT ANY TIME THEREAFTER WHEN THEY HAVE ENCOUNTERED A SITUATION WHICH COULD POTENTIALLY RESULT IN AN ACTUAL OR PERCEIVED CONFLICT OF INTEREST. THE CORPORATE CONFLICTS OF INTEREST POLICY IS MONITORED AND ENFORCED BY THE NORTHROP GRUMMAN CORPORATE RESPONSIBILITY DEPARTMENT AND IS OUTSIDE THE SCOPE OF RESPONSIBILITIES OF THE INDIVIDUALS LISTED IN PART VII. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION IS A VEBA TRUST. THE TRUST PAYS BENEFITS ON BEHALF OF PARTICPATING EMPLOYEES. THE TRUST'S TRUSTEE, STATE STREET BANK, ADMINISTERS THE BENEFITS. FEES PAID TO THE TRUSTEE ARE BASED ON WHAT IS REASONABLE FOR THE MARKET. THE BOARD DETERMINES THE REASONABLE RATE BASED ON WHAT'S CHARGED IN THE INDUSTRY. FORM 990, PART VI, SECTION C, LINE 19 THE TRUST MAKES IT FORM 990 AVAILABLE FOR PUBLIC INSPECTION BY POSTING IT ON ITS WEBSITE AS WELL AS GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION AT THE OFFICE OF THE PLAN ADMINISTRATOR. NORTHROP GRUMMAN POLICIES ARE AVAILABLE ON THE NORTHROP GRUMMAN WEBSITE. FORM 990, PART XI, LINE 9: UNREALIZED FUTURES VARIATION 191,624. FORM 990, PART XI, LINE 2C, COMMITTEE OVERSIGHT OF THE AUDITED FINANCIALS: THE BENEFITS ADMINISTRATIVE COMMITTEE HAS OVERSIGHT FINANCIAL RESPONSIBILITY OVER THE PLANS FUNDED BY THE VEBA. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. NORTHROP GRUMMAN CORPORATION 2980 FAIRVIEW PARK DRIVE FALLS CHURCH VA 22042 800640649 GLOBAL SECURITY COMPANY PROVIDING INNOVATIVE SYSTEMS WORLDWIDE CA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1