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LOCKHEED MARTIN ENGINEERING AND SCIENCES COMPANY RETIREMENT PLAN FOR CERTAIN HOURLY EMPLOYEES 401k Plan overview

Plan NameLOCKHEED MARTIN ENGINEERING AND SCIENCES COMPANY RETIREMENT PLAN FOR CERTAIN HOURLY EMPLOYEES
Plan identification number 013

LOCKHEED MARTIN ENGINEERING AND SCIENCES COMPANY RETIREMENT PLAN FOR CERTAIN HOURLY EMPLOYEES Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

LOCKHEED MARTIN CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:LOCKHEED MARTIN CORPORATION
Employer identification number (EIN):521893632
NAIC Classification:339900

Additional information about LOCKHEED MARTIN CORPORATION

Jurisdiction of Incorporation: Maryland Secretary of State
Incorporation Date:
Company Identification Number: D03964756

More information about LOCKHEED MARTIN CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LOCKHEED MARTIN ENGINEERING AND SCIENCES COMPANY RETIREMENT PLAN FOR CERTAIN HOURLY EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0132016-12-25
0132015-12-25ROBERT MUENINGHOFF

Plan Statistics for LOCKHEED MARTIN ENGINEERING AND SCIENCES COMPANY RETIREMENT PLAN FOR CERTAIN HOURLY EMPLOYEES

401k plan membership statisitcs for LOCKHEED MARTIN ENGINEERING AND SCIENCES COMPANY RETIREMENT PLAN FOR CERTAIN HOURLY EMPLOYEES

Measure Date Value
2017: LOCKHEED MARTIN ENGINEERING AND SCIENCES COMPANY RETIREMENT PLAN FOR CERTAIN HOURLY EMPLOYEES 2017 401k membership
Market value of plan assets2017-12-247,918,630
Acturial value of plan assets2017-12-248,223,908
Funding target for retired participants and beneficiaries receiving payment2017-12-243,129,350
Number of terminated vested participants2017-12-24314
Fundng target for terminated vested participants2017-12-241,940,515
Active participant vested funding target2017-12-2441,347
Number of active participants2017-12-2411
Total funding liabilities for active participants2017-12-2451,093
Total participant count2017-12-24678
Total funding target for all participants2017-12-245,120,958
Balance at beginning of prior year after applicable adjustments2017-12-240
Prefunding balance at beginning of prior year after applicable adjustments2017-12-240
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-240
Prefunding balanced used to offset prior years funding requirement2017-12-240
Amount remaining of carryover balance2017-12-240
Amount remaining of prefunding balance2017-12-240
Present value of excess contributions2017-12-240
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-240
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-240
Reductions in caryover balances due to elections or deemed elections2017-12-240
Reductions in prefunding balances due to elections or deemed elections2017-12-240
Balance of carryovers at beginning of current year2017-12-240
Balance of prefunding at beginning of current year2017-12-240
Total employer contributions2017-12-240
Total employee contributions2017-12-240
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-240
Contributions made to avoid restrictions adjusted to valuation date2017-12-240
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-240
Unpaid minimum required contributions for all prior years2017-12-240
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-240
Remaining amount of unpaid minimum required contributions2017-12-240
Minimum required contributions for current year target normal cost2017-12-24113,792
Net shortfall amortization installment of oustanding balance2017-12-240
Waiver amortization installment2017-12-240
Total funding amount beforereflecting carryover/prefunding balances2017-12-240
Carryover balance elected to use to offset funding requirement2017-12-240
Prefunding balance elected to use to offset funding requirement2017-12-240
Additional cash requirement2017-12-240
Contributions allocatedtoward minimum required contributions for current year2017-12-240
Unpaid minimum required contributions for current year2017-12-240
Unpaid minimum required contributions for all years2017-12-240
2016: LOCKHEED MARTIN ENGINEERING AND SCIENCES COMPANY RETIREMENT PLAN FOR CERTAIN HOURLY EMPLOYEES 2016 401k membership
Total participants, beginning-of-year2016-12-25678
Total number of active participants reported on line 7a of the Form 55002016-12-250
Number of retired or separated participants receiving benefits2016-12-250
Number of other retired or separated participants entitled to future benefits2016-12-250
Total of all active and inactive participants2016-12-250
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-12-250
Total participants2016-12-250
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-12-250
2015: LOCKHEED MARTIN ENGINEERING AND SCIENCES COMPANY RETIREMENT PLAN FOR CERTAIN HOURLY EMPLOYEES 2015 401k membership
Total participants, beginning-of-year2015-12-25690
Total number of active participants reported on line 7a of the Form 55002015-12-2511
Number of retired or separated participants receiving benefits2015-12-25322
Number of other retired or separated participants entitled to future benefits2015-12-25314
Total of all active and inactive participants2015-12-25647
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-12-2531
Total participants2015-12-25678
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-12-250

Financial Data on LOCKHEED MARTIN ENGINEERING AND SCIENCES COMPANY RETIREMENT PLAN FOR CERTAIN HOURLY EMPLOYEES

Measure Date Value
2017 : LOCKHEED MARTIN ENGINEERING AND SCIENCES COMPANY RETIREMENT PLAN FOR CERTAIN HOURLY EMPLOYEES 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-24$0
Total transfer of assets from this plan2017-12-24$8,442,743
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-24$8,442,743
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-24$22,916
Total income from all sources (including contributions)2017-12-24$898,190
Total loss/gain on sale of assets2017-12-24$0
Total of all expenses incurred2017-12-24$351,161
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-24$351,161
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-24$0
Value of total assets at end of year2017-12-24$8,442,743
Value of total assets at beginning of year2017-12-24$7,918,630
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-24$0
Total interest from all sources2017-12-24$0
Total dividends received (eg from common stock, registered investment company shares)2017-12-24$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-24No
Was this plan covered by a fidelity bond2017-12-24Yes
Value of fidelity bond cover2017-12-24$100,000,000
Were there any nonexempt tranactions with any party-in-interest2017-12-24No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-24$8,442,743
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-24$0
Liabilities. Value of operating payables at end of year2017-12-24$0
Liabilities. Value of operating payables at beginning of year2017-12-24$22,916
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-24No
Value of net income/loss2017-12-24$547,029
Value of net assets at end of year (total assets less liabilities)2017-12-24$0
Value of net assets at beginning of year (total assets less liabilities)2017-12-24$7,895,714
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-24No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-24No
Were any leases to which the plan was party in default or uncollectible2017-12-24No
Value of interest in master investment trust accounts at end of year2017-12-24$8,442,743
Value of interest in master investment trust accounts at beginning of year2017-12-24$7,918,630
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-24No
Was there a failure to transmit to the plan any participant contributions2017-12-24No
Has the plan failed to provide any benefit when due under the plan2017-12-24No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-24$351,161
Did the plan have assets held for investment2017-12-24No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-24No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-24Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-24Yes
Opinion of an independent qualified public accountant for this plan2017-12-24Disclaimer
Accountancy firm name2017-12-24MITCHELL & TITUS, LLP
Accountancy firm EIN2017-12-24132781641
2016 : LOCKHEED MARTIN ENGINEERING AND SCIENCES COMPANY RETIREMENT PLAN FOR CERTAIN HOURLY EMPLOYEES 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-24$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-24$22,916
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-24$23,184
Total income from all sources (including contributions)2016-12-24$312,809
Total loss/gain on sale of assets2016-12-24$0
Total of all expenses incurred2016-12-24$379,779
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-24$356,863
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-24$0
Value of total assets at end of year2016-12-24$7,918,630
Value of total assets at beginning of year2016-12-24$7,985,868
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-24$22,916
Total interest from all sources2016-12-24$0
Total dividends received (eg from common stock, registered investment company shares)2016-12-24$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-24No
Administrative expenses professional fees incurred2016-12-24$12,192
Was this plan covered by a fidelity bond2016-12-24Yes
Value of fidelity bond cover2016-12-24$100,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-24$0
Were there any nonexempt tranactions with any party-in-interest2016-12-24No
Liabilities. Value of operating payables at end of year2016-12-24$22,916
Liabilities. Value of operating payables at beginning of year2016-12-24$23,184
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-24No
Value of net income/loss2016-12-24$-66,970
Value of net assets at end of year (total assets less liabilities)2016-12-24$7,895,714
Value of net assets at beginning of year (total assets less liabilities)2016-12-24$7,962,684
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-24No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-24No
Were any leases to which the plan was party in default or uncollectible2016-12-24No
Investment advisory and management fees2016-12-24$5,888
Value of interest in master investment trust accounts at end of year2016-12-24$7,918,630
Value of interest in master investment trust accounts at beginning of year2016-12-24$7,985,868
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-24No
Was there a failure to transmit to the plan any participant contributions2016-12-24No
Has the plan failed to provide any benefit when due under the plan2016-12-24No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-24$356,863
Contract administrator fees2016-12-24$4,836
Did the plan have assets held for investment2016-12-24No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-24No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-24No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-24Yes
Opinion of an independent qualified public accountant for this plan2016-12-24Disclaimer
Accountancy firm name2016-12-24MITCHELL & TITUS, LLP
Accountancy firm EIN2016-12-24132781641

Form 5500 Responses for LOCKHEED MARTIN ENGINEERING AND SCIENCES COMPANY RETIREMENT PLAN FOR CERTAIN HOURLY EMPLOYEES

2016: LOCKHEED MARTIN ENGINEERING AND SCIENCES COMPANY RETIREMENT PLAN FOR CERTAIN HOURLY EMPLOYEES 2016 form 5500 responses
2016-12-25Type of plan entitySingle employer plan
2016-12-25Submission has been amendedNo
2016-12-25This submission is the final filingYes
2016-12-25This return/report is a short plan year return/report (less than 12 months)No
2016-12-25Plan is a collectively bargained planYes
2016-12-25Plan funding arrangement – TrustYes
2016-12-25Plan benefit arrangement - TrustYes
2015: LOCKHEED MARTIN ENGINEERING AND SCIENCES COMPANY RETIREMENT PLAN FOR CERTAIN HOURLY EMPLOYEES 2015 form 5500 responses
2015-12-25Type of plan entitySingle employer plan
2015-12-25Submission has been amendedNo
2015-12-25This submission is the final filingNo
2015-12-25This return/report is a short plan year return/report (less than 12 months)No
2015-12-25Plan is a collectively bargained planYes
2015-12-25Plan funding arrangement – TrustYes
2015-12-25Plan benefit arrangement - TrustYes

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