LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT 401k Plan overview

Plan Name	LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT
Plan identification number	060

LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT Benefits

401k Plan Type	Defined Benefit Pension
Plan Features/Benefits	Benefits are primarily flat dollar (includes dollars per year of service) Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021). 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 AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
060	2020-01-01
060	2019-01-01
060	2018-01-01
060	2017-01-01	ROBERT MUENINGHOFF
060	2016-01-01	ROBERT MUENINGHOFF
060	2015-01-01	ROBERT MUENINGHOFF
060	2014-01-01	DONALD REMSCH		DONALD REMSCH	2015-10-12
060	2013-01-01	DONALD REMSCH		DONALD REMSCH	2014-10-13
060	2012-01-01	DONALD REMSCH		DONALD REMSCH	2013-10-11
060	2010-01-01	DONALD REMSCH		DONALD REMSCH	2011-10-14
060	2009-01-01	CLARE O'CALLAGHAN		CLARE O'CALLAGHAN	2010-10-11

Plan Statistics for LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT

401k plan membership statisitcs for LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT

Measure	Date	Value
2020: LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT 2020 401k membership
Market value of plan assets	2020-12-31	77,626,478
Acturial value of plan assets	2020-12-31	73,707,885
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	35,245,718
Number of terminated vested participants	2020-12-31	264
Fundng target for terminated vested participants	2020-12-31	6,402,015
Active participant vested funding target	2020-12-31	32,085,035
Number of active participants	2020-12-31	263
Total funding liabilities for active participants	2020-12-31	33,018,026
Total participant count	2020-12-31	923
Total funding target for all participants	2020-12-31	74,665,759
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	8,885,625
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	4,163,701
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	4,721,924
Present value of excess contributions	2020-12-31	8,906,606
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	10,115,704
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	10,115,704
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	2,618,465
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	13,289,151
Total employer contributions	2020-12-31	0
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	0
Liquidity shortfalls end of Q1	2020-12-31	0
Liquidity shortfalls end of Q2	2020-12-31	0
Liquidity shortfalls end of Q3	2020-12-31	0
Liquidity shortfalls end of Q4	2020-12-31	0
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	1,919,435
Net shortfall amortization installment of oustanding balance	2020-12-31	14,247,025
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	3,226,592
Carryover balance elected to use to offset funding requirement	2020-12-31	0
Prefunding balance elected to use to offset funding requirement	2020-12-31	3,226,592
Additional cash requirement	2020-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
Total participants, beginning-of-year	2020-01-01	923
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	0
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	0
Total of all active and inactive participants	2020-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT 2019 401k membership
Market value of plan assets	2019-12-31	58,710,753
Acturial value of plan assets	2019-12-31	62,278,118
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	33,155,381
Number of terminated vested participants	2019-12-31	258
Fundng target for terminated vested participants	2019-12-31	5,860,950
Active participant vested funding target	2019-12-31	26,925,372
Number of active participants	2019-12-31	293
Total funding liabilities for active participants	2019-12-31	27,691,685
Total participant count	2019-12-31	940
Total funding target for all participants	2019-12-31	66,708,016
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	14,480,447
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	4,310,297
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	10,170,150
Present value of excess contributions	2019-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	0
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	775,000
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	8,885,625
Total employer contributions	2019-12-31	10,000,000
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	9,476,768
Liquidity shortfalls end of Q1	2019-12-31	0
Liquidity shortfalls end of Q2	2019-12-31	0
Liquidity shortfalls end of Q3	2019-12-31	0
Liquidity shortfalls end of Q4	2019-12-31	0
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	1,755,209
Net shortfall amortization installment of oustanding balance	2019-12-31	13,315,523
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	4,733,863
Carryover balance elected to use to offset funding requirement	2019-12-31	0
Prefunding balance elected to use to offset funding requirement	2019-12-31	4,163,701
Additional cash requirement	2019-12-31	570,162
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	9,476,768
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
Total participants, beginning-of-year	2019-01-01	940
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	263
Number of retired or separated participants receiving benefits	2019-01-01	360
Number of other retired or separated participants entitled to future benefits	2019-01-01	264
Total of all active and inactive participants	2019-01-01	887
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	36
Total participants	2019-01-01	923
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT 2018 401k membership
Market value of plan assets	2018-12-31	65,340,606
Acturial value of plan assets	2018-12-31	63,246,330
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	27,796,662
Number of terminated vested participants	2018-12-31	252
Fundng target for terminated vested participants	2018-12-31	5,763,874
Active participant vested funding target	2018-12-31	26,544,277
Number of active participants	2018-12-31	329
Total funding liabilities for active participants	2018-12-31	27,366,903
Total participant count	2018-12-31	950
Total funding target for all participants	2018-12-31	60,927,439
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	9,636,563
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	2,380,233
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	7,256,330
Present value of excess contributions	2018-12-31	6,621,825
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	7,189,105
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	7,189,105
Reductions in caryover balances due to elections or deemed elections	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	925,000
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	14,480,447
Total employer contributions	2018-12-31	0
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	0
Liquidity shortfalls end of Q1	2018-12-31	0
Liquidity shortfalls end of Q2	2018-12-31	0
Liquidity shortfalls end of Q3	2018-12-31	0
Liquidity shortfalls end of Q4	2018-12-31	0
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	1,840,342
Net shortfall amortization installment of oustanding balance	2018-12-31	12,161,556
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	4,310,297
Carryover balance elected to use to offset funding requirement	2018-12-31	0
Prefunding balance elected to use to offset funding requirement	2018-12-31	4,310,297
Additional cash requirement	2018-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
Total participants, beginning-of-year	2018-01-01	950
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	293
Number of retired or separated participants receiving benefits	2018-01-01	355
Number of other retired or separated participants entitled to future benefits	2018-01-01	258
Total of all active and inactive participants	2018-01-01	906
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	34
Total participants	2018-01-01	940
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT 2017 401k membership
Market value of plan assets	2017-12-31	53,317,370
Acturial value of plan assets	2017-12-31	55,268,359
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	25,640,191
Number of terminated vested participants	2017-12-31	238
Fundng target for terminated vested participants	2017-12-31	4,425,787
Active participant vested funding target	2017-12-31	25,995,523
Number of active participants	2017-12-31	371
Total funding liabilities for active participants	2017-12-31	26,944,572
Total participant count	2017-12-31	959
Total funding target for all participants	2017-12-31	57,010,550
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	13,662,839
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	2,469,522
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	11,193,317
Present value of excess contributions	2017-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	2,150,000
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	9,636,563
Total employer contributions	2017-12-31	8,500,000
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	7,977,049
Liquidity shortfalls end of Q1	2017-12-31	0
Liquidity shortfalls end of Q2	2017-12-31	0
Liquidity shortfalls end of Q3	2017-12-31	0
Liquidity shortfalls end of Q4	2017-12-31	0
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	1,647,516
Net shortfall amortization installment of oustanding balance	2017-12-31	11,378,754
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	3,735,457
Carryover balance elected to use to offset funding requirement	2017-12-31	0
Prefunding balance elected to use to offset funding requirement	2017-12-31	2,380,233
Additional cash requirement	2017-12-31	1,355,224
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	7,977,049
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
Total participants, beginning-of-year	2017-01-01	959
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	329
Number of retired or separated participants receiving benefits	2017-01-01	335
Number of other retired or separated participants entitled to future benefits	2017-01-01	252
Total of all active and inactive participants	2017-01-01	916
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	34
Total participants	2017-01-01	950
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT 2016 401k membership
Market value of plan assets	2016-12-31	53,440,155
Acturial value of plan assets	2016-12-31	56,481,178
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	24,755,807
Number of terminated vested participants	2016-12-31	235
Fundng target for terminated vested participants	2016-12-31	4,024,175
Active participant vested funding target	2016-12-31	20,092,149
Number of active participants	2016-12-31	395
Total funding liabilities for active participants	2016-12-31	21,038,332
Total participant count	2016-12-31	973
Total funding target for all participants	2016-12-31	49,818,314
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	15,806,699
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	1,970,913
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	13,835,786
Present value of excess contributions	2016-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	13,662,839
Total employer contributions	2016-12-31	0
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	0
Liquidity shortfalls end of Q1	2016-12-31	0
Liquidity shortfalls end of Q2	2016-12-31	0
Liquidity shortfalls end of Q3	2016-12-31	0
Liquidity shortfalls end of Q4	2016-12-31	0
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	1,242,280
Net shortfall amortization installment of oustanding balance	2016-12-31	6,999,975
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	2,469,522
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	2,469,522
Additional cash requirement	2016-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0
Total participants, beginning-of-year	2016-01-01	973
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	371
Number of retired or separated participants receiving benefits	2016-01-01	318
Number of other retired or separated participants entitled to future benefits	2016-01-01	238
Total of all active and inactive participants	2016-01-01	927
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	32
Total participants	2016-01-01	959
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT 2015 401k membership
Total participants, beginning-of-year	2015-01-01	993
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	395
Number of retired or separated participants receiving benefits	2015-01-01	314
Number of other retired or separated participants entitled to future benefits	2015-01-01	235
Total of all active and inactive participants	2015-01-01	944
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	29
Total participants	2015-01-01	973
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	6
2014: LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT 2014 401k membership
Total participants, beginning-of-year	2014-01-01	1,094
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	459
Number of retired or separated participants receiving benefits	2014-01-01	286
Number of other retired or separated participants entitled to future benefits	2014-01-01	216
Total of all active and inactive participants	2014-01-01	961
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	32
Total participants	2014-01-01	993
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	7
2013: LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT 2013 401k membership
Total participants, beginning-of-year	2013-01-01	1,129
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	495
Number of retired or separated participants receiving benefits	2013-01-01	274
Number of other retired or separated participants entitled to future benefits	2013-01-01	300
Total of all active and inactive participants	2013-01-01	1,069
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	25
Total participants	2013-01-01	1,094
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	28
2012: LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT 2012 401k membership
Total participants, beginning-of-year	2012-01-01	1,180
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	554
Number of retired or separated participants receiving benefits	2012-01-01	258
Number of other retired or separated participants entitled to future benefits	2012-01-01	297
Total of all active and inactive participants	2012-01-01	1,109
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	20
Total participants	2012-01-01	1,129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01