Retirement plan
LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR MICHOUD HOURLY EMPLOYEES IN THE BARGAINING UNIT
LOCKHEED MARTIN CORPORATIONEIN 52-1893632Plan #057PY 2018
6801 ROCKLEDGE DRIVE, CCT-115 - BETHESDA, MD 20817863-647-0370lockheedmartin.comLinkedIn10001+ employeesdefense & space
Other plans on this EIN
10 filingsProspect flagsHigh retiree %Wind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
ROBERT MUENINGHOFF
Signed 10/15/2019
Summary metrics
Total assets (EOY)
$124.8M
+3.6% from 2016
Total participants
1,237
+0.9% from 2016
Average account balance
$0
No prior year
Annual return
-5.24%
-5.88 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants<25
Cohort1,654 peers
Snapshot2018
0
Participant deferral / active EE
$0
median $0
0
Employer contribution / active EE
$0
median $14,545
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $102,422
0
Admin fee / account holder
$0
median $0
36
Annual return
-5.24%
median -3.96%
Overall peer rank
36of 100
36th percentileavg across 6 metrics
Analytics
2015 - 2020
Total assets (EOY)
Plan-year ending balance
$153.71M
Average account balance
Total assets / participants with a balance (line 6g)
$116K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
1,206
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
$13.00M
Not enough data
1 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$867K
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
+15.75%
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 2019-09-18
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.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 3 Non-exempt transaction | LOCKHEED MARTIN CORPORATION | EMPLOYER, PLAN SPONSOR/ADMIN INCORRECT TRUST CHARGING OF TRAVEL EXPENSES | — | $271 |
| Part 3 Non-exempt transaction | LOCKHEED MARTIN CORPORATION | EMPLOYER, PLAN SPONSOR/ADMIN INCORRECT TRUST CHARGING OF FICA TAXES FOR NONQUALIFIED PENSION PLANS | — | $4K |
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 codes1B3F3H
Plan features
- 1BBenefits are primarily flat dollarBenefits are primarily a flat dollar amount (including a dollar amount per year of service).
- 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
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
- InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Expense breakdown
Schedule H Part II
Admin total
$117K
$8324 / participant
- Investment mgmt$94K80.5%
- Contract admin$9K7.7%
- Other / not subdivided$14K11.8%
% of EOY assets
0.093%
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