Employers › Lockheed Martin › plan 055
Recordkeeping fees per participant · Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees · plan year 2024
$2.85
Higher than 5% of the 790 plans over $1B that report it.
= $61,427 / 21,552
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250728202436NAL0003649264001, received 2025-07-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728202436NAL0003649264001, received 2025-07-28
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-28.
Administrative expenses excluding investment management, per participant
$2.85
Higher than 3% of the 1,045 plans over $1B that report it.
= $61,427 / 21,552
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250728202436NAL0003649264001, received 2025-07-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728202436NAL0003649264001, received 2025-07-28
Administrative expenses per participant
$15.69
Higher than 6% of the 1,076 plans over $1B that report it.
= $338,092 / 21,552
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250728202436NAL0003649264001, received 2025-07-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728202436NAL0003649264001, received 2025-07-28
Administrative expenses as a share of assets
0.011%
Higher than 9% of the 1,076 plans over $1B that report it.
= $338,092 / $2,987,191,008
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250728202436NAL0003649264001, received 2025-07-28
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250728202436NAL0003649264001, received 2025-07-28
Employer contributions per participant
$4,140
Higher than 56% of the 1,135 plans over $1B that report it.
= $89,228,770 / 21,552
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250728202436NAL0003649264001, received 2025-07-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728202436NAL0003649264001, received 2025-07-28
Employer share of total contributions
39.6%
Higher than 74% of the 1,135 plans over $1B that report it.
= $89,228,770 / $225,289,738
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250728202436NAL0003649264001, received 2025-07-28
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250728202436NAL0003649264001, received 2025-07-28
98.4% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $4,151,770 ($208.33 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.
2E profit-sharing · 2G fully participant-directed · 2J 401(k) feature · 2F ERISA 404(c) plan · 2I · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · 3F · 2K 401(m) arrangement · 2O ESOP-related feature · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250728202436NAL0003649264001, received 2025-07-28
| Field | Value | Source |
|---|---|---|
| Plan sponsor | LOCKHEED MARTIN CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Plan name | LOCKHEED MARTIN CORPORATION PERFORMANCE SHARING PLAN FOR BARGAINING EMPLOYEES | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Sponsor EIN / plan number | 52-1893632 / 055 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Sponsor location | BETHESDA, MD | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Industry (business code) | 339900, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Filing received | 2025-07-28 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Participants, beginning of year | 21,186 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Active participants | 18,568 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Participants, end of year | 21,694 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Participants with an account balance | 21,552 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Total assets, beginning of year | $2,172,010,800 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Total assets, end of year | $2,987,191,008 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Net assets, end of year | $2,986,852,916 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Total income | $555,510,587 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Net income | $361,541,153 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Employer contributions | $89,228,770 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Participant contributions | $126,071,774 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Other contributions (incl. rollovers) | $9,989,194 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Total contributions | $225,289,738 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Benefit payments | $192,811,468 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Total expenses (incl. benefit payments) | $193,969,434 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Total administrative expenses | $338,092 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Recordkeeping fees | $61,427 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Investment advisory and management fees | $276,665 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Administrative expenses excluding investment management | $61,427 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Held in master trusts | $2,938,960,410 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250728202436NAL0003649264001, received 2025-07-28 |
| Independent auditor | MITCHELL & TITUS, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250728202436NAL0003649264001, received 2025-07-28 |
Position = column in the DOL layout for form year 2024. Filing 20250728202436NAL0003649264001, received 2025-07-28.
No Schedule C is attached to this plan's filing; providers are reported on the master trust's filing (below).
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250728202436NAL0003649264001, received 2025-07-28.
LMC DEFINED CONTRIB MASTER TRUST (EIN 043321934, PN 002): plan interest $2,938,960,410, 5.2% of the trust. The trust's own filing (20251014200150NAL0001807619001, received 2025-10-14) reports net assets $55,985,177,988, administrative expenses $79,088,359, recordkeeping fees not reported, investment management fees $45,864,960 and 63 Schedule C providers.
| Provider (trust level) | Service codes | Paid by the trust | Allocated to this plan |
|---|---|---|---|
| GREAT WEST LIFE & ANNUITY INS COrecordkeeper | 13 15 27 37 38 50 99 | $17,257,391 | $905,932 |
| ARTISAN PARTNERS LIMITED | 51 68 | $4,190,957 | $220,006 |
| WESTFIELD CAPITAL MANAGEMENT CO LP | 28 68 71 | $3,689,391 | $193,676 |
| SELECT EQUITY GROUP, L.P. | 28 68 | $3,621,336 | $190,103 |
| LOCKHEED MARTIN CORPORATION LMIMCO | 10 14 16 29 99 | $3,501,626 | $183,819 |
| ROBECO | 28 68 71 | $2,917,614 | $153,161 |
| STATE STREET BANK & TRUST CO | 21 50 | $2,819,662 | $148,019 |
| ARISTOTLE CAPITAL MANAGEMENT, LLC | 28 68 71 | $2,482,910 | $130,341 |
| ALLIANCEBERNSTEIN L.P. | 28 52 | $2,153,287 | $113,038 |
| VULCAN VALUE PARTNERS, LLC | 51 68 | $2,148,865 | $112,805 |
| VAN BERKOM AND ASSOCIATES, INC. | 28 | $2,080,785 | $109,231 |
| BLACKROCK INSTITUTIONAL TRUST CO | 28 50 51 99 | $1,866,309 | $97,973 |
| INVESCO ADVISERS, INC. | 28 99 | $1,830,414 | $96,088 |
| OAKTREE CAPITAL MANAGEMENT LP | 28 | $1,512,349 | $79,391 |
| POLARIS CAPITAL MANAGEMENT, LLC | 28 55 71 | $1,462,991 | $76,800 |
Schedule D Part I of the plan's filing; the trust's Schedule H and Schedule C. Allocation = the plan's interest divided by the trust's net assets.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $2,172,010,800 | $2,987,191,008 | 37.5% |
| Participants with a balance | 20,934 | 21,552 | 3.0% |
| Administrative expenses | $283,605 | $338,092 | 19.2% |
| Recordkeeping fees per participant | $1.90 | $2.85 | 49.8% |
| Employer contributions | $68,485,333 | $89,228,770 | 30.3% |
Prior filing 20240724190813NAL0013698849001, received 2024-07-24; the plan years are contiguous.