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401(k) Retirement Plan · Active

LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS

LOCKHEED MARTIN CORPORATION·EIN 521893632
6801 ROCKLEDGE DRIVE, CCT-224 · BETHESDA, MD 20817
Plan year
2024
Plan #
018
Industry
Filing ACK
202507231411…
Prospect flagsNo flags tripped

Summary metrics

Total assets (EOY)
$1171M
$122,071 per participant
Active participants
9,718
76.2% participation
Participation rate
76.2%
71st percentile
Annual return
-15.54%
1st percentile
Admin expense
0.02%
% of assets
Flag timeline

Issue history by plan year

Tripped years: 0Watched years: 0
Section 02

How this plan compares

Peer groupIndustry33, Assets>$1B, Participants5,000-9,999, Snapshot2024
  • Participant contribution
    $5,86613th pctile
  • Employer contribution
    $2,9829th pctile
  • Participation rate
    76.2%71st pctile
  • Assets per participant
    $122,0718th pctile
  • Expense efficiency
    $2095th pctile
  • Annual return
    -15.54%1st pctile
Overall peer rank

Averaged across 6 normalized metrics within the selected peer group.

Fee trend
Return trend
Section 03

10-year trajectory2021 - 2024

How plan year 2024 played out
Asset flow
-$356.97M
Start of year to end of year
Section 04

Asset composition

End-of-year allocation
Cash drag vs peers
Section 04

Service providers

Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.
Section 05

Plan features & details

Show features, contributions, expenses, fidelity bond & compliance
Pension benefit codes2O2E2G2I2F2J2T3H3F2K
Plan features
  • 2O
    ESOP other than a leveraged ESOP
    Employee stock ownership plan that is not leveraged.
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2I
    Stock bonus
    Stock bonus plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
Contributions
Employer total$19,759,683
Participant total$38,869,439
Employer / P$2,982
Participant / P$5,866
Expenses
Admin expenses$132,539
Per participant$20.00
% of assets0.01%
Fidelity bond
Coverage amount$100,000,000
% of assets8.54%Below ERISA §412 10% minimum
Section 06

Other plans under this sponsor

Same EIN ·521893632
Plan #017$51,448,624,264
LOCKHEED MARTIN CORPORATION SALARIED SAVINGS PLAN
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Plan #068$3,200,577,585
RETIREMENT PLAN FOR CERTAIN REPRESENTED EMPLOYEES
Plan #055$2,987,191,008
LOCKHEED MARTIN CORPORATION PERFORMANCE SHARING PLAN FOR BARGAINING EMPLOYEES
Plan #012$988,747,909
LOCKHEED MARTIN CORPORATION PENSION PLAN FOR SPECIFIED RETIREES
Plan #067$907,971,928
LOCKHEED MARTIN CORPORATION PENSION PLAN FOR EMPLOYEES IN PARTICIPATING BARGAINING UNITS
Plan #033$389,151,643
LOCKHEED MARTIN CORPORATION OPERATIONS SUPPORT SAVINGS PLAN
Plan #019$283,619,058
LOCKHEED MARTIN CORPORATION CAPITAL ACCUMULATION PLAN
Plan #021$26,255,833
LOCKHEED MARTIN CORPORATION BASIC BENEFIT PLAN FOR HOURLY EMPLOYEES
Plan #020$16,380,234
LOCKHEED MARTIN CORPORATION CAPITAL ACCUMULATION PLAN FOR HOURLY EES