Retirement plan
LOCKHEED MARTIN CORPORATION OPERATIONS SUPPORT SAVINGS PLAN
LOCKHEED MARTIN CORPORATIONEIN 52-1893632Plan #033PY 2018
6801 ROCKLEDGE DRIVE, CCT-115 - BETHESDA, MD 20817863-647-0370lockheedmartin.comLinkedIn10001+ employeesdefense & space
Other plans on this EIN
10 filingsProspect flagsLow returnsLow employer contribution
Filing contacts
From the Form 5500, federal recordPlan administrator signer
ROBERT MUENINGHOFF
Signed 10/11/2019
Summary metrics
Total assets (EOY)
$312.2M
+6.9% from 2016
Total participants
6,216
+9.9% from 2016
Average account balance
$53,614
-1.8% from 2016
Annual return
-7.22%
-5.44 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants1,000-4,999
Cohort831 peers
Snapshot2018
31
Participant deferral / active EE
$3,039
median $4,282
5
Employer contribution / active EE
$283
median $2,159
24
Participation rate
78.5%
median 93.4%
39
Avg account balance
$53,614
median $65,680
90
Admin fee / account holder
$5
median $67
6
Annual return
-7.22%
median -4.46%
Overall peer rank
32of 100
32nd percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$389.15M
Average account balance
Total assets / participants with a balance (line 6g)
$102K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
3,833
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
80.7%
Contributions (total)
Employer and participant dollars contributed each year
$2.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$2K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+13.07%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$11
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.
Reportable transactions (Schedule G)
1 row
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 3 Non-exempt transaction | LOCKHEED MARTIN CORPORATION | EMPLOYER, PLAN SPONSOR/ADMIN INCORRECT TRUST CHARGING OF TRAVEL EXPENSES | — | $3 |
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
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
Plan features & details
Pension benefit codes2E2G2J2O2I2S2T2F3F3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants 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.
- 2IStock bonusStock bonus plan.
- 2JCode section 401(k) featureCash 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.
- 2OESOP other than a leveraged ESOPEmployee stock ownership plan that is not leveraged.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3FLeased employeesPlan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
2 tripped
- OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
Expense breakdown
Schedule H Part II
Admin total
$31K
$17 / participant
- Investment mgmt$11K35.5%
- Contract admin$20K64.5%
% of EOY assets
0.010%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- MITCHELL & TITUS LLP
- Auditor EIN
- 132781641
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified