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 | — | $1 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $4,197 | $96,261-95.6% | $76,768-94.5% | $68,904-93.9% |
| Participation rate | 93.4% | 87.0%+6.4pp | 77.0%+16.4pp | 74.1%+19.3pp |
| Annual return | -7.41% | -0.85%-6.6pp | 2.43%-9.8pp | 1.07%-8.5pp |
| Employer contribution / active EE | $241 | $3,303-92.7% | $2,485-90.3% | $2,540-90.5% |
| Participant deferral / active EE | $0 | $5,537-100.0% | $3,852-100.0% | $4,015-100.0% |
| Admin fee / account holder | $0 | $73-99.4% | $6,676-100.0% | $71-99.4% |