PlanOptica
Retirement plan

RETIREMENT PLAN FOR CERTAIN REPRESENTED EMPLOYEES

LOCKHEED MARTIN CORPORATIONEIN 52-1893632Plan #068PY 2023
Sign in to saveView 5500 PDF
6801 ROCKLEDGE DRIVE, CCT-224 - BETHESDA, MD 20817863-647-0370lockheedmartin.comLinkedIn10001+ employeesdefense & space
Other plans on this EIN
10 filings
#017Retirement-$47.27B assets#001Retirement-$18.43B assets#006Retirement-$2.34B assets#055Retirement-$2.17B assets#018Retirement-$1.53B assets#012Retirement-$1.09B assets#067Retirement-$950.8M assets#033Retirement-$375.8M assets#019Retirement-$267.4M assets#021Retirement-$51.7M assets
Prospect flagsHigh retiree %Wind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(863) 647-0370
Plan administrator signer
ROBERT MUENINGHOFF
Signed 10/08/2024
How to read this page

Summary metrics

Total assets (EOY)
$3359.8M
-46.8% from 2016
Total participants
33,180
-3.0% from 2016
Average account balance
$0
No prior year
Annual return
236.06%
-1.37 pp from 2016

Benchmarks

See 177 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants5,000-9,999
Cohort177 peers
Snapshot2023
Participant deferral / active EE
$0
median $40
Employer contribution / active EE
$0
median $5,730
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
236.06%
median 9.38%
Overall peer rank
99th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$3.20B
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.
26,607
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
$100.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$26K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+0.94%
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 #2306384
111 S CALVERT STREET, SUITE 2010
BALTIMORE, MD 21202
(410) 547-2800
Signed 2024-09-23

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 codes1A1B1C3F3H
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).
  • 1B
    Benefits are primarily flat dollar
    Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
  • 1C
    Cash balance or similar plan
    A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
  • 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

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
$828K
$122 / participant
  • Investment mgmt$435K52.6%
  • Actuarial$129K15.6%
  • Contract admin$235K28.3%
  • Other / not subdivided$29K3.5%
% of EOY assets
0.025%
all-in expense ratio
Categories reported
3 / 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