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401(k) Retirement Plan · Active

LOCKHEED MARTIN CORPORATION PERFORMANCE SHARING PLAN FOR BARGAINING EMPLOYEES

LOCKHEED MARTIN CORPORATION·EIN 521893632
6801 ROCKLEDGE DRIVE, CCT-224 · BETHESDA, MD 20817
Plan year
2024
Plan #
055
Industry
Filing ACK
202507282024…
Prospect flagsNo flags tripped

Summary metrics

Total assets (EOY)
$2987.2M
$138,604 per participant
Active participants
21,694
88.0% participation
Participation rate
88.0%
94th percentile
Annual return
36.50%
96th percentile
Admin expense
0.01%
% of assets
Flag timeline

Issue history by plan year

Tripped years: 0Watched years: 0
Section 02

How this plan compares

Peer groupIndustry33, Assets>$1B, Participants>=10,000, Snapshot2024
  • Participant contribution
    $6,79020th pctile
  • Employer contribution
    $4,80629th pctile
  • Participation rate
    88.0%94th pctile
  • Assets per participant
    $138,60428th pctile
  • Expense efficiency
    $1879th pctile
  • Annual return
    36.50%96th 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
+$815.18M
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 codes2E2G2J2F2I2S2T3H3F2K2O
Plan features
  • 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.
  • 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.
  • 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).
  • 2I
    Stock bonus
    Stock bonus plan.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 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.
  • 2O
    ESOP other than a leveraged ESOP
    Employee stock ownership plan that is not leveraged.
Contributions
Employer total$89,228,770
Participant total$126,071,774
Employer / P$4,806
Participant / P$6,790
Expenses
Admin expenses$338,092
Per participant$18.21
% of assets0.01%
Fidelity bond
Coverage amount$100,000,000
% of assets3.35%Below ERISA §412 10% minimum
Section 06

Other plans under this sponsor

Same EIN ·521893632
Plan #017$51,448,624,264
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Plan #001$18,271,295,253
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Plan #068$3,200,577,585
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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 #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