PlanOptica
Retirement plan

LOCKHEED MARTIN CORPORATION PERFORMANCE SHARING PLAN FOR BARGAINING EMPLOYEES

LOCKHEED MARTIN CORPORATIONEIN 52-1893632Plan #055PY 2017
Sign in to saveView 5500 PDF
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#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 flagsNo flags tripped

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(863) 647-0370
Plan administrator signer
ROBERT MUENINGHOFF
Signed 10/11/2018
How to read this page

Summary metrics

Total assets (EOY)
$1275M
-6.5% from 2016
Total participants
8,319
-2.1% from 2016
Average account balance
$159,815
-4.6% from 2016
Annual return
19.08%
-6.66 pp from 2016

Benchmarks

See 123 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants5,000-9,999
Cohort123 peers
Snapshot2017
Participant deferral / active EE
$6,312
median $5,049
Employer contribution / active EE
$2,104
median $2,646
Participation rate
94.5%
median 93.6%
Avg account balance
$159,815
median $91,087
Admin fee / account holder
$8
median $58
Annual return
19.08%
median 18.75%
Overall peer rank
64th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$2.99B
Average account balance
Total assets / participants with a balance (line 6g)
$139K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
21,552
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.2%
Contributions (total)
Employer and participant dollars contributed each year
$215.30M
Contributions per participant
Average employer and participant contribution per enrolled participant
$12K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+36.50%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$16
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.

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 codes2E2G2J2F2I2S2T3H3F2K
Plan features
  • 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).
  • 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.
  • 2I
    Stock bonus
    Stock bonus plan.
  • 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.
  • 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.
  • 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.
  • 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

0 tripped
No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II
Admin total
$68K
$11 / participant
  • Investment mgmt$22K33.1%
  • Contract admin$45K66.9%
% of EOY assets
0.005%
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
132784641
Audit fees
(not subdivided)
Opinion code
Unqualified