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Retirement plan

LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR EMPLOYEES IN THE BARGAINING UNIT

LOCKHEED MARTIN CORPORATIONEIN 52-1893632Plan #006PY 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#002Retirement-$4.31B 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#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 10/13/2018
How to read this page

Summary metrics

Total assets (EOY)
$315.4M
+1.7% from 2016
Total participants
3,695
+3.2% from 2016
Average account balance
$0
No prior year
Annual return
11.77%
-6.02 pp from 2016

Benchmarks

See 323 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants250-999
Cohort323 peers
Snapshot2017
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$57,432
median $9,047
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $170,924
Admin fee / account holder
$0
median $1,335
Annual return
11.77%
median 12.91%
Overall peer rank
54th percentileavg across 6 metrics

Analytics

2015 - 2023
Total assets (EOY)
Plan-year ending balance
$2.34B
Average account balance
Total assets / participants with a balance (line 6g)
$98K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
19,836
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
$17.00M
Not enough data
1 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$57K
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
+6.46%
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 ST.
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 EXPENSEES
—$591
Part 3
Non-exempt transaction
LOCKHEED MARTIN CORPORATION
EMPLOYER, PLAN SPONSOR/ADMIN
INCORRECT TRUST CHARGING OF FICA TAXES FOR NONQUALIFIED PENSION PLANS
—$12K

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
$267K
$903 / participant
  • Investment mgmt$218K81.6%
  • Contract admin$35K13.1%
  • Other / not subdivided$14K5.3%
% of EOY assets
0.085%
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