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 | — | $8K |
| Part 3 Non-exempt transaction | LOCKHEED MARTIN CORPORATION | EMPLOYER, PLAN SPONSOR/ADMIN INCORRECT TRUST CHARGING OF FICA TAXES FOR NONQUALIFIED PENSION PLANS | — | $155K |
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
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.
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 | $0 | $157,466-100.0% | - |
| Participation rate | 0.0% | 0.0%0pp | 11.9%-11.9pp | 0.0%0pp |
| Annual return | -5.23% | 73.13%-78.4pp | 12.68%-17.9pp | 73.13%-78.4pp |
| Employer contribution / active EE | $0 | $8,421-100.0% | $22,860-100.0% | $8,421-100.0% |
| Participant deferral / active EE | $0 | $293-100.0% | $123-100.0% | $293-100.0% |
| Admin fee / account holder | $0 | $0 | $2,825-100.0% | - |