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LOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO 401k Plan overview

Plan NameLOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO
Plan identification number 001

LOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO Benefits

401k Plan Type
Plan Features/Benefits

    401k Sponsoring company profile

    LOCKHEED MARTIN GLOBAL, INC. has sponsored the creation of one or more 401k plans.

    Company Name:LOCKHEED MARTIN GLOBAL, INC.
    Employer identification number (EIN):521047729
    NAIC Classification:339900

    Form 5500 Filing Information

    Submission information for form 5500 for 401k plan LOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO

    Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
    0012021-01-01

    Plan Statistics for LOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO

    401k plan membership statisitcs for LOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO

    Measure Date Value
    2021: LOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO 2021 401k membership
    Total participants, beginning-of-year2021-01-010
    Total number of active participants reported on line 7a of the Form 55002021-01-01268
    Number of retired or separated participants receiving benefits2021-01-010
    Number of other retired or separated participants entitled to future benefits2021-01-0117
    Total of all active and inactive participants2021-01-01285
    Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
    Total participants2021-01-01285
    Number of participants with account balances2021-01-01282
    Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010

    Financial Data on LOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO

    Measure Date Value
    2021 : LOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO 2021 401k financial data
    Total unrealized appreciation/depreciation of assets2021-12-31$0
    Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
    Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
    Total income from all sources (including contributions)2021-12-31$1,242,095
    Total loss/gain on sale of assets2021-12-31$0
    Total of all expenses incurred2021-12-31$0
    Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$0
    Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,177,443
    Value of total assets at end of year2021-12-31$1,242,095
    Value of total assets at beginning of year2021-12-31$0
    Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$0
    Total interest from all sources2021-12-31$70
    Total dividends received (eg from common stock, registered investment company shares)2021-12-31$113,525
    Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
    Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$113,525
    Was this plan covered by a fidelity bond2021-12-31Yes
    Value of fidelity bond cover2021-12-31$100,000,000
    If this is an individual account plan, was there a blackout period2021-12-31No
    Were there any nonexempt tranactions with any party-in-interest2021-12-31No
    Contributions received from participants2021-12-31$572,948
    Participant contributions at end of year2021-12-31$7,154
    Participant contributions at beginning of year2021-12-31$0
    Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$80,204
    Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$13
    Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$0
    Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
    Value of net income/loss2021-12-31$1,242,095
    Value of net assets at end of year (total assets less liabilities)2021-12-31$1,242,095
    Value of net assets at beginning of year (total assets less liabilities)2021-12-31$0
    Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
    Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
    Were any leases to which the plan was party in default or uncollectible2021-12-31No
    Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$1,208,307
    Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$0
    Interest on participant loans2021-12-31$70
    Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$26,621
    Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$0
    Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$0
    Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$-48,943
    Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
    Was there a failure to transmit to the plan any participant contributions2021-12-31No
    Has the plan failed to provide any benefit when due under the plan2021-12-31No
    Contributions received in cash from employer2021-12-31$524,291
    Did the plan have assets held for investment2021-12-31Yes
    Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
    Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
    Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
    Accountancy firm name2021-12-31MITCHELL & TITUS, LLP
    Accountancy firm EIN2021-12-31132781641

    Form 5500 Responses for LOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO

    2021: LOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO 2021 form 5500 responses
    2021-01-01Type of plan entitySingle employer plan
    2021-01-01First time form 5500 has been submittedYes
    2021-01-01Submission has been amendedNo
    2021-01-01This submission is the final filingNo
    2021-01-01This return/report is a short plan year return/report (less than 12 months)No
    2021-01-01Plan is a collectively bargained planNo
    2021-01-01Plan funding arrangement – TrustYes
    2021-01-01Plan benefit arrangement - TrustYes

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