Filed February 22, 2016 (most recent of 4 filings on file)
Total covered: 9,838 employees
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 | — | $57K |
| Part 3 Non-exempt transaction | LOCKHEED MARTIN CORPORATION | EMPLOYER, PLAN SPONSOR/ADMIN INCORRECT TRUST CHARGING OF FICA TAXES FOR NONQUALIFIED PENSION PLANS | — | $537K |
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $0 | $14,491,905-100.0% | $144,462-100.0% | $14,491,905-100.0% |
| Participation rate | 0.0% | 0.0%0pp | 11.7%-11.7pp | 5.3%-5.3pp |
| Annual return | 11.75% | 9.42%+2.3pp | 16.78%-5.0pp | 1057.21%-1045.5pp |
| Employer contribution / active EE | $142,900 | $34,966+308.7% | $26,328+442.8% | $14,374+894.1% |
| Participant deferral / active EE | $0 | $384-100.0% | $97-100.0% | $351-100.0% |
| Admin fee / account holder | $0 | $81,210-100.0% | $20,893-100.0% | $81,210-100.0% |