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401(k) Retirement Plan · Active

LOCKHEED MARTIN CORPORATION BASIC BENEFIT PLAN FOR HOURLY EMPLOYEES

LOCKHEED MARTIN CORPORATION·EIN 521893632
6801 ROCKLEDGE DRIVE, CCT-224 · BETHESDA, MD 20817
Plan year
2024
Plan #
021
Industry
Filing ACK
202507231440…
Prospect flagsNo flags tripped

Summary metrics

Total assets (EOY)
$26.3M
$6,650 per participant
Active participants
4,005
80.6% participation
Participation rate
80.6%
20th percentile
Annual return
-38.70%
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$10M-$50M, Participants1,000-4,999, Snapshot2024
  • Participant contribution
    $00th pctile
  • Employer contribution
    $343rd pctile
  • Participation rate
    80.6%20th pctile
  • Assets per participant
    $6,6504th pctile
  • Expense efficiency
    $195th pctile
  • Annual return
    -38.70%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
-$25.49M
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 codes2E2O3H2F2G2R3F2T
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2O
    ESOP other than a leveraged ESOP
    Employee stock ownership plan that is not leveraged.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
  • 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).
  • 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.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 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.
Contributions
Employer total$101,295
Participant total$0
Employer / P$34
Participant / P$0
Expenses
Admin expenses$2,972
Per participant$1.00
% of assets0.01%
Fidelity bond
Coverage amount$100,000,000
% of assets380.87%
Section 06

Other plans under this sponsor

Same EIN ·521893632
Plan #017$51,448,624,264
LOCKHEED MARTIN CORPORATION SALARIED SAVINGS PLAN
Plan #001$18,271,295,253
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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 #018$1,171,031,160
LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS
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 #020$16,380,234
LOCKHEED MARTIN CORPORATION CAPITAL ACCUMULATION PLAN FOR HOURLY EES