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401(k) Retirement Plan · Active

LOCKHEED MARTIN CORPORATION SALARIED SAVINGS PLAN

LOCKHEED MARTIN CORPORATION·EIN 521893632
6801 ROCKLEDGE DRIVE, CCT-224 · BETHESDA, MD 20817
Plan year
2024
Plan #
017
Industry
Filing ACK
202507282029…
Prospect flagsNo flags tripped

Summary metrics

Total assets (EOY)
$51448.6M
$355,849 per participant
Active participants
145,243
69.8% participation
Participation rate
69.8%
48th percentile
Annual return
13.69%
41st 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, Participants>=10,000, Snapshot2024
  • Participant contribution
    $13,40668th pctile
  • Employer contribution
    $11,75580th pctile
  • Participation rate
    69.8%48th pctile
  • Assets per participant
    $355,84982nd pctile
  • Expense efficiency
    $6264th pctile
  • Annual return
    13.69%41st 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
+$4.18B
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 codes2O2J2I2E2F2H2S2T3H3F
Plan features
  • 2O
    ESOP other than a leveraged ESOP
    Employee stock ownership plan that is not leveraged.
  • 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.
  • 2I
    Stock bonus
    Stock bonus plan.
  • 2E
    Profit-sharing
    Profit-sharing 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).
  • 2H
    Partial participant-directed account plan
    Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 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.
Contributions
Employer total$1,110,246,326
Participant total$1,266,087,482
Employer / P$11,755
Participant / P$13,406
Expenses
Admin expenses$5,823,212
Per participant$61.66
% of assets0.01%
Fidelity bond
Coverage amount$100,000,000
% of assets0.19%Below ERISA §412 10% minimum
Section 06

Other plans under this sponsor

Same EIN ·521893632
Plan #001$18,271,295,253
LOCKHEED MARTIN CORPORATION SALARIED EMPLOYEE RETIREMENT PROGRAM
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 #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