PlanOptica
Retirement plan

LOCKHEED MARTIN RETIREMENT PLAN FOR CERTAIN HOURLY EMPLOYEES

LOCKHEED MARTIN CORPORATIONEIN 52-1893632Plan #002PY 2017
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6801 ROCKLEDGE DRIVE, CCT-115 - BETHESDA, MD 20817863-647-0370lockheedmartin.comLinkedIn10001+ employeesdefense & space
Other plans on this EIN
10 filings
#017Retirement-$35.90B assets#001Retirement-$32.44B assets#018Retirement-$1.38B assets#055Retirement-$1.28B assets#067Retirement-$897.9M assets#019Retirement-$887.6M assets#033Retirement-$376.0M assets#068Retirement-$360.1M assets#006Retirement-$315.4M assets#025Retirement-$198.3M assets
Prospect flagsHigh retiree %

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(863) 647-0370
Plan administrator signer
ROBERT MUENINGHOFF
Signed 10/14/2018
How to read this page

Summary metrics

Total assets (EOY)
$4306.8M
-11.5% from 2017
Total participants
53,869
+3.0% from 2017
Average account balance
$0
No prior year
Annual return
11.53%
-7.04 pp from 2017

Benchmarks

See 206 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants5,000-9,999
Cohort206 peers
Snapshot2017
Participant deferral / active EE
$0
median $71
Employer contribution / active EE
$54,835
median $8,196
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
11.53%
median 13.38%
Overall peer rank
51st percentileavg across 6 metrics

Analytics

2016 - 2020
Total assets (EOY)
Plan-year ending balance
$4.58B
Average account balance
Total assets / participants with a balance (line 6g)
$92K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
40,066
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$230.00M
Not enough data
2 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$55K
Not enough data
1 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.60%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

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.

Enrolled actuary

1 attachment
SB

THOMAS S. STAUFFER

AON CONSULTING, INC.
Enrollment #1706384
500 EAST PRATT STREET
BALTIMORE, MD 21202
(410) 547-2800
Signed 2018-09-18

Reportable transactions (Schedule G)

2 rows

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

CategoryCounterpartyRelationship / TermsAddressAmount
Part 3
Non-exempt transaction
LOCKHEED MARTIN CORPORATION
EMPLOYER, PLAN SPONSOR/ADMIN
INCORRECT TRUST CHARGING OF TRAVEL EXPENSES
—$8K
Part 3
Non-exempt transaction
LOCKHEED MARTIN CORPORATION
EMPLOYER, PLAN SPONSOR/ADMIN
INCORRECT TRUST CHARGING OF FICA TAXES FOR NONQUALIFIED PENSION PLANS
—$155K

Top hat statement on fileNQDC

Filed February 22, 2016 (most recent of 4 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
6801 Rockledge Drive, CCT-115
Bethesda State: MD Zip Code: 20817
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (13)

  • Lockheed Martin Corporation Nonqualified Capital Accumulation Plan227 emp
  • Lockheed Martin Corporation Supplemental Retirement Plan5,195 emp
  • Lockheed Martin Pilots Supplemental Retirement Plan84 emp
  • Supplemental Retirement Benefit Plan for Certain Transferred Employees of Lockheed Martin Corporation174 emp
  • Lockheed Martin Corporation Supplemental Savings Plan2,227 emp
  • +8 more

Total covered: 9,838 employees

Open the filing PDF

Plan features & details

Pension benefit codes1B3F3H
Plan features
  • 1B
    Benefits are primarily flat dollar
    Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped
  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II
Admin total
$3.4M
$565 / participant
  • Investment mgmt$3M85.5%
  • Contract admin$470K13.8%
  • Other / not subdivided$24K0.7%
% of EOY assets
0.079%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm
MITCHELL & TITUS, LLP
Auditor EIN
132781641
Audit fees
(not subdivided)
Opinion code
Disclaimer