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LOCKHEED MARTIN CORPORATION PENSION PLAN FOR SPECIFIED RETIREES 401k Plan overview

Plan NameLOCKHEED MARTIN CORPORATION PENSION PLAN FOR SPECIFIED RETIREES
Plan identification number 012

LOCKHEED MARTIN CORPORATION PENSION PLAN FOR SPECIFIED RETIREES Benefits

401k Plan Type
Plan Features/Benefits

    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 CORPORATION PENSION PLAN FOR SPECIFIED RETIREES

    Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
    0122021-01-01
    0122020-01-01
    0122019-01-01

    Plan Statistics for LOCKHEED MARTIN CORPORATION PENSION PLAN FOR SPECIFIED RETIREES

    401k plan membership statisitcs for LOCKHEED MARTIN CORPORATION PENSION PLAN FOR SPECIFIED RETIREES

    Measure Date Value
    2021: LOCKHEED MARTIN CORPORATION PENSION PLAN FOR SPECIFIED RETIREES 2021 401k membership
    Market value of plan assets2021-12-311,673,293,339
    Acturial value of plan assets2021-12-311,673,293,339
    Funding target for retired participants and beneficiaries receiving payment2021-12-311,289,353,862
    Number of terminated vested participants2021-12-310
    Fundng target for terminated vested participants2021-12-310
    Active participant vested funding target2021-12-310
    Number of active participants2021-12-310
    Total funding liabilities for active participants2021-12-310
    Total participant count2021-12-3110,548
    Total funding target for all participants2021-12-311,289,353,862
    Balance at beginning of prior year after applicable adjustments2021-12-310
    Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
    Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
    Prefunding balanced used to offset prior years funding requirement2021-12-310
    Amount remaining of carryover balance2021-12-310
    Amount remaining of prefunding balance2021-12-310
    Present value of excess contributions2021-12-310
    Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
    Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
    Reductions in caryover balances due to elections or deemed elections2021-12-310
    Reductions in prefunding balances due to elections or deemed elections2021-12-310
    Balance of carryovers at beginning of current year2021-12-310
    Balance of prefunding at beginning of current year2021-12-310
    Total employer contributions2021-12-310
    Total employee contributions2021-12-310
    Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
    Contributions made to avoid restrictions adjusted to valuation date2021-12-310
    Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
    Unpaid minimum required contributions for all prior years2021-12-310
    iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
    Remaining amount of unpaid minimum required contributions2021-12-310
    Minimum required contributions for current year target normal cost2021-12-310
    Net shortfall amortization installment of oustanding balance2021-12-310
    Waiver amortization installment2021-12-310
    Total funding amount beforereflecting carryover/prefunding balances2021-12-310
    Carryover balance elected to use to offset funding requirement2021-12-310
    Prefunding balance elected to use to offset funding requirement2021-12-310
    Additional cash requirement2021-12-310
    Contributions allocatedtoward minimum required contributions for current year2021-12-310
    Unpaid minimum required contributions for current year2021-12-310
    Unpaid minimum required contributions for all years2021-12-310
    Total participants, beginning-of-year2021-01-0110,548
    Total number of active participants reported on line 7a of the Form 55002021-01-010
    Number of retired or separated participants receiving benefits2021-01-019,165
    Number of other retired or separated participants entitled to future benefits2021-01-010
    Total of all active and inactive participants2021-01-019,165
    Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011,045
    Total participants2021-01-0110,210
    Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
    2020: LOCKHEED MARTIN CORPORATION PENSION PLAN FOR SPECIFIED RETIREES 2020 401k membership
    Market value of plan assets2020-12-31857,117,444
    Acturial value of plan assets2020-12-31857,117,444
    Funding target for retired participants and beneficiaries receiving payment2020-12-31691,424,312
    Number of terminated vested participants2020-12-310
    Fundng target for terminated vested participants2020-12-310
    Active participant vested funding target2020-12-310
    Number of active participants2020-12-310
    Total funding liabilities for active participants2020-12-310
    Total participant count2020-12-318,369
    Total funding target for all participants2020-12-31691,424,312
    Balance at beginning of prior year after applicable adjustments2020-12-310
    Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
    Amount remaining of carryover balance2020-12-310
    Amount remaining of prefunding balance2020-12-310
    Present value of excess contributions2020-12-310
    Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
    Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
    Reductions in caryover balances due to elections or deemed elections2020-12-310
    Reductions in prefunding balances due to elections or deemed elections2020-12-310
    Balance of carryovers at beginning of current year2020-12-310
    Balance of prefunding at beginning of current year2020-12-310
    Total employer contributions2020-12-310
    Total employee contributions2020-12-310
    Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
    Contributions made to avoid restrictions adjusted to valuation date2020-12-310
    Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-310
    Unpaid minimum required contributions for all prior years2020-12-310
    iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
    Remaining amount of unpaid minimum required contributions2020-12-310
    Minimum required contributions for current year target normal cost2020-12-310
    Net shortfall amortization installment of oustanding balance2020-12-310
    Waiver amortization installment2020-12-310
    Total funding amount beforereflecting carryover/prefunding balances2020-12-310
    Carryover balance elected to use to offset funding requirement2020-12-310
    Prefunding balance elected to use to offset funding requirement2020-12-310
    Additional cash requirement2020-12-310
    Contributions allocatedtoward minimum required contributions for current year2020-12-310
    Unpaid minimum required contributions for current year2020-12-310
    Unpaid minimum required contributions for all years2020-12-310
    Total participants, beginning-of-year2020-01-018,369
    Total number of active participants reported on line 7a of the Form 55002020-01-010
    Number of retired or separated participants receiving benefits2020-01-019,649
    Number of other retired or separated participants entitled to future benefits2020-01-010
    Total of all active and inactive participants2020-01-019,649
    Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-01899
    Total participants2020-01-0110,548
    Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
    2019: LOCKHEED MARTIN CORPORATION PENSION PLAN FOR SPECIFIED RETIREES 2019 401k membership
    Market value of plan assets2019-12-31810,262,992
    Acturial value of plan assets2019-12-31810,262,992
    Funding target for retired participants and beneficiaries receiving payment2019-12-31735,807,117
    Number of terminated vested participants2019-12-310
    Fundng target for terminated vested participants2019-12-310
    Active participant vested funding target2019-12-310
    Number of active participants2019-12-310
    Total funding liabilities for active participants2019-12-310
    Total participant count2019-12-318,369
    Total funding target for all participants2019-12-31735,807,117
    Balance at beginning of prior year after applicable adjustments2019-12-310
    Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
    Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
    Prefunding balanced used to offset prior years funding requirement2019-12-310
    Amount remaining of carryover balance2019-12-310
    Amount remaining of prefunding balance2019-12-310
    Present value of excess contributions2019-12-310
    Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
    Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
    Reductions in caryover balances due to elections or deemed elections2019-12-310
    Reductions in prefunding balances due to elections or deemed elections2019-12-310
    Balance of carryovers at beginning of current year2019-12-310
    Balance of prefunding at beginning of current year2019-12-310
    Total employer contributions2019-12-310
    Total employee contributions2019-12-310
    Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
    Contributions made to avoid restrictions adjusted to valuation date2019-12-310
    Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-310
    Unpaid minimum required contributions for all prior years2019-12-310
    iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
    Remaining amount of unpaid minimum required contributions2019-12-310
    Minimum required contributions for current year target normal cost2019-12-310
    Net shortfall amortization installment of oustanding balance2019-12-310
    Waiver amortization installment2019-12-310
    Total funding amount beforereflecting carryover/prefunding balances2019-12-310
    Additional cash requirement2019-12-310
    Contributions allocatedtoward minimum required contributions for current year2019-12-310
    Unpaid minimum required contributions for current year2019-12-310
    Unpaid minimum required contributions for all years2019-12-310
    Total participants, beginning-of-year2019-01-018,369
    Total number of active participants reported on line 7a of the Form 55002019-01-010
    Number of retired or separated participants receiving benefits2019-01-017,940
    Number of other retired or separated participants entitled to future benefits2019-01-010
    Total of all active and inactive participants2019-01-017,940
    Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-01429
    Total participants2019-01-018,369
    Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010

    Financial Data on LOCKHEED MARTIN CORPORATION PENSION PLAN FOR SPECIFIED RETIREES

    Measure Date Value
    2021 : LOCKHEED MARTIN CORPORATION PENSION PLAN FOR SPECIFIED RETIREES 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$0
    Total income from all sources (including contributions)2021-12-31$-37,671,920
    Total loss/gain on sale of assets2021-12-31$0
    Total of all expenses incurred2021-12-31$133,757,305
    Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$133,757,305
    Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$0
    Value of total assets at end of year2021-12-31$1,501,864,522
    Value of total assets at beginning of year2021-12-31$1,673,293,747
    Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$0
    Total interest from all sources2021-12-31$0
    Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
    Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
    Was this plan covered by a fidelity bond2021-12-31Yes
    Value of fidelity bond cover2021-12-31$100,000,000
    Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
    Were there any nonexempt tranactions with any party-in-interest2021-12-31No
    Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$0
    Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$797,403,000
    Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
    Value of net income/loss2021-12-31$-171,429,225
    Value of net assets at end of year (total assets less liabilities)2021-12-31$1,501,864,522
    Value of net assets at beginning of year (total assets less liabilities)2021-12-31$1,673,293,747
    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 master investment trust accounts at end of year2021-12-31$1,501,864,522
    Value of interest in master investment trust accounts at beginning of year2021-12-31$875,890,747
    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
    Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$133,757,305
    Did the plan have assets held for investment2021-12-31No
    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
    2020 : LOCKHEED MARTIN CORPORATION PENSION PLAN FOR SPECIFIED RETIREES 2020 401k financial data
    Total unrealized appreciation/depreciation of assets2020-12-31$0
    Total transfer of assets to this plan2020-12-31$798,112,720
    Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
    Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
    Total income from all sources (including contributions)2020-12-31$94,444,175
    Total loss/gain on sale of assets2020-12-31$0
    Total of all expenses incurred2020-12-31$76,380,623
    Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$76,380,623
    Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$0
    Value of total assets at end of year2020-12-31$1,673,293,747
    Value of total assets at beginning of year2020-12-31$857,117,475
    Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$0
    Total interest from all sources2020-12-31$0
    Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
    Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
    Was this plan covered by a fidelity bond2020-12-31Yes
    Value of fidelity bond cover2020-12-31$100,000,000
    Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
    Were there any nonexempt tranactions with any party-in-interest2020-12-31No
    Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$797,403,000
    Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
    Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
    Value of net income/loss2020-12-31$18,063,552
    Value of net assets at end of year (total assets less liabilities)2020-12-31$1,673,293,747
    Value of net assets at beginning of year (total assets less liabilities)2020-12-31$857,117,475
    Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
    Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
    Were any leases to which the plan was party in default or uncollectible2020-12-31No
    Value of interest in master investment trust accounts at end of year2020-12-31$875,890,747
    Value of interest in master investment trust accounts at beginning of year2020-12-31$857,117,475
    Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
    Was there a failure to transmit to the plan any participant contributions2020-12-31No
    Has the plan failed to provide any benefit when due under the plan2020-12-31No
    Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$76,380,623
    Did the plan have assets held for investment2020-12-31No
    Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
    Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
    Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
    Accountancy firm name2020-12-31MITCHELL & TITUS, LLP
    Accountancy firm EIN2020-12-31132781641
    2019 : LOCKHEED MARTIN CORPORATION PENSION PLAN FOR SPECIFIED RETIREES 2019 401k financial data
    Total unrealized appreciation/depreciation of assets2019-12-31$0
    Total transfer of assets to this plan2019-12-31$810,262,952
    Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
    Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
    Total income from all sources (including contributions)2019-12-31$126,234,298
    Total loss/gain on sale of assets2019-12-31$0
    Total of all expenses incurred2019-12-31$79,379,775
    Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$79,379,775
    Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$0
    Value of total assets at end of year2019-12-31$857,117,475
    Value of total assets at beginning of year2019-12-31$0
    Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$0
    Total interest from all sources2019-12-31$0
    Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
    Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
    Was this plan covered by a fidelity bond2019-12-31Yes
    Value of fidelity bond cover2019-12-31$100,000,000
    Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
    Were there any nonexempt tranactions with any party-in-interest2019-12-31No
    Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
    Value of net income/loss2019-12-31$46,854,523
    Value of net assets at end of year (total assets less liabilities)2019-12-31$857,117,475
    Value of net assets at beginning of year (total assets less liabilities)2019-12-31$0
    Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
    Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
    Were any leases to which the plan was party in default or uncollectible2019-12-31No
    Value of interest in master investment trust accounts at end of year2019-12-31$857,117,475
    Value of interest in master investment trust accounts at beginning of year2019-12-31$0
    Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
    Was there a failure to transmit to the plan any participant contributions2019-12-31No
    Has the plan failed to provide any benefit when due under the plan2019-12-31No
    Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$79,379,775
    Did the plan have assets held for investment2019-12-31No
    Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
    Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
    Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
    Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
    Accountancy firm name2019-12-31MITCHELL & TITUS, LLP
    Accountancy firm EIN2019-12-31132781641

    Form 5500 Responses for LOCKHEED MARTIN CORPORATION PENSION PLAN FOR SPECIFIED RETIREES

    2021: LOCKHEED MARTIN CORPORATION PENSION PLAN FOR SPECIFIED RETIREES 2021 form 5500 responses
    2021-01-01Type of plan entitySingle employer plan
    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
    2020: LOCKHEED MARTIN CORPORATION PENSION PLAN FOR SPECIFIED RETIREES 2020 form 5500 responses
    2020-01-01Type of plan entitySingle employer plan
    2020-01-01Submission has been amendedNo
    2020-01-01This submission is the final filingNo
    2020-01-01This return/report is a short plan year return/report (less than 12 months)No
    2020-01-01Plan is a collectively bargained planNo
    2020-01-01Plan funding arrangement – TrustYes
    2020-01-01Plan benefit arrangement - TrustYes
    2019: LOCKHEED MARTIN CORPORATION PENSION PLAN FOR SPECIFIED RETIREES 2019 form 5500 responses
    2019-01-01Type of plan entitySingle employer plan
    2019-01-01First time form 5500 has been submittedYes
    2019-01-01Submission has been amendedNo
    2019-01-01This submission is the final filingNo
    2019-01-01This return/report is a short plan year return/report (less than 12 months)No
    2019-01-01Plan is a collectively bargained planNo
    2019-01-01Plan funding arrangement – TrustYes
    2019-01-01Plan benefit arrangement - TrustYes

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