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Retirement plan

LOCKHEED MARTIN CORPORATION PENSION PLAN FOR EMPLOYEES IN PARTICIPATING BARGAINING UNITS

LOCKHEED MARTIN CORPORATIONEIN 52-1893632Plan #067PY 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#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 10/13/2018
How to read this page

Summary metrics

Total assets (EOY)
$897.9M
+0.2% from 2016
Total participants
6,285
+0.6% from 2016
Average account balance
$0
No prior year
Annual return
12.02%
-6.22 pp from 2016

Benchmarks

See 170 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants1,000-4,999
Cohort170 peers
Snapshot2017
Participant deferral / active EE
$0
median $370
Employer contribution / active EE
$72,368
median $8,659
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
12.02%
median 13.78%
Overall peer rank
50th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$907.97M
Average account balance
Total assets / participants with a balance (line 6g)
$163K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
4,761
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
$70.00M
Not enough data
2 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$56K
Not enough data
2 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+1.18%
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 EXPENSES
—$1K
Part 3
Non-exempt transaction
LOCKHEED MARTIN CORPORATION
EMPLOYER, PLAN SPONSOR/ADMIN
INCORRECT TRUST CHARGING OF FICA TAXES FOR NONQUALIFIED PENSION PLANS
—$16K

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 codes1A3F3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 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
$658K
$433 / participant
  • Investment mgmt$576K87.5%
  • Contract admin$68K10.3%
  • Other / not subdivided$15K2.2%
% of EOY assets
0.073%
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