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

Plan NameLOCKHEED 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 TypeDefined 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 SignedName of Company SponsorDate Sponsor Signed
0602020-01-01
0602019-01-01
0602018-01-01
0602017-01-01ROBERT MUENINGHOFF
0602016-01-01ROBERT MUENINGHOFF
0602015-01-01ROBERT MUENINGHOFF
0602014-01-01DONALD REMSCH DONALD REMSCH2015-10-12
0602013-01-01DONALD REMSCH DONALD REMSCH2014-10-13
0602012-01-01DONALD REMSCH DONALD REMSCH2013-10-11
0602010-01-01DONALD REMSCH DONALD REMSCH2011-10-14
0602009-01-01CLARE O'CALLAGHAN CLARE O'CALLAGHAN2010-10-11

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 assets2020-12-3177,626,478
Acturial value of plan assets2020-12-3173,707,885
Funding target for retired participants and beneficiaries receiving payment2020-12-3135,245,718
Number of terminated vested participants2020-12-31264
Fundng target for terminated vested participants2020-12-316,402,015
Active participant vested funding target2020-12-3132,085,035
Number of active participants2020-12-31263
Total funding liabilities for active participants2020-12-3133,018,026
Total participant count2020-12-31923
Total funding target for all participants2020-12-3174,665,759
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-318,885,625
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-314,163,701
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-314,721,924
Present value of excess contributions2020-12-318,906,606
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3110,115,704
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-3110,115,704
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-312,618,465
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-3113,289,151
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
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
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 cost2020-12-311,919,435
Net shortfall amortization installment of oustanding balance2020-12-3114,247,025
Total funding amount beforereflecting carryover/prefunding balances2020-12-313,226,592
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-313,226,592
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-year2020-01-01923
Total number of active participants reported on line 7a of the Form 55002020-01-010
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT 2019 401k membership
Market value of plan assets2019-12-3158,710,753
Acturial value of plan assets2019-12-3162,278,118
Funding target for retired participants and beneficiaries receiving payment2019-12-3133,155,381
Number of terminated vested participants2019-12-31258
Fundng target for terminated vested participants2019-12-315,860,950
Active participant vested funding target2019-12-3126,925,372
Number of active participants2019-12-31293
Total funding liabilities for active participants2019-12-3127,691,685
Total participant count2019-12-31940
Total funding target for all participants2019-12-3166,708,016
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3114,480,447
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-314,310,297
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-3110,170,150
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 elections2019-12-31775,000
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-318,885,625
Total employer contributions2019-12-3110,000,000
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 date2019-12-319,476,768
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
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 cost2019-12-311,755,209
Net shortfall amortization installment of oustanding balance2019-12-3113,315,523
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-314,733,863
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-314,163,701
Additional cash requirement2019-12-31570,162
Contributions allocatedtoward minimum required contributions for current year2019-12-319,476,768
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-01-01940
Total number of active participants reported on line 7a of the Form 55002019-01-01263
Number of retired or separated participants receiving benefits2019-01-01360
Number of other retired or separated participants entitled to future benefits2019-01-01264
Total of all active and inactive participants2019-01-01887
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-0136
Total participants2019-01-01923
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT 2018 401k membership
Market value of plan assets2018-12-3165,340,606
Acturial value of plan assets2018-12-3163,246,330
Funding target for retired participants and beneficiaries receiving payment2018-12-3127,796,662
Number of terminated vested participants2018-12-31252
Fundng target for terminated vested participants2018-12-315,763,874
Active participant vested funding target2018-12-3126,544,277
Number of active participants2018-12-31329
Total funding liabilities for active participants2018-12-3127,366,903
Total participant count2018-12-31950
Total funding target for all participants2018-12-3160,927,439
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-319,636,563
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-312,380,233
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-317,256,330
Present value of excess contributions2018-12-316,621,825
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-317,189,105
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-317,189,105
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-31925,000
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-3114,480,447
Total employer contributions2018-12-310
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-310
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-311,840,342
Net shortfall amortization installment of oustanding balance2018-12-3112,161,556
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-314,310,297
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-314,310,297
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
Total participants, beginning-of-year2018-01-01950
Total number of active participants reported on line 7a of the Form 55002018-01-01293
Number of retired or separated participants receiving benefits2018-01-01355
Number of other retired or separated participants entitled to future benefits2018-01-01258
Total of all active and inactive participants2018-01-01906
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-0134
Total participants2018-01-01940
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT 2017 401k membership
Market value of plan assets2017-12-3153,317,370
Acturial value of plan assets2017-12-3155,268,359
Funding target for retired participants and beneficiaries receiving payment2017-12-3125,640,191
Number of terminated vested participants2017-12-31238
Fundng target for terminated vested participants2017-12-314,425,787
Active participant vested funding target2017-12-3125,995,523
Number of active participants2017-12-31371
Total funding liabilities for active participants2017-12-3126,944,572
Total participant count2017-12-31959
Total funding target for all participants2017-12-3157,010,550
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3113,662,839
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-312,469,522
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-3111,193,317
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-312,150,000
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-319,636,563
Total employer contributions2017-12-318,500,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-317,977,049
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-311,647,516
Net shortfall amortization installment of oustanding balance2017-12-3111,378,754
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-313,735,457
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-312,380,233
Additional cash requirement2017-12-311,355,224
Contributions allocatedtoward minimum required contributions for current year2017-12-317,977,049
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
Total participants, beginning-of-year2017-01-01959
Total number of active participants reported on line 7a of the Form 55002017-01-01329
Number of retired or separated participants receiving benefits2017-01-01335
Number of other retired or separated participants entitled to future benefits2017-01-01252
Total of all active and inactive participants2017-01-01916
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-0134
Total participants2017-01-01950
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT 2016 401k membership
Market value of plan assets2016-12-3153,440,155
Acturial value of plan assets2016-12-3156,481,178
Funding target for retired participants and beneficiaries receiving payment2016-12-3124,755,807
Number of terminated vested participants2016-12-31235
Fundng target for terminated vested participants2016-12-314,024,175
Active participant vested funding target2016-12-3120,092,149
Number of active participants2016-12-31395
Total funding liabilities for active participants2016-12-3121,038,332
Total participant count2016-12-31973
Total funding target for all participants2016-12-3149,818,314
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-3115,806,699
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-311,970,913
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-3113,835,786
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-3113,662,839
Total employer contributions2016-12-310
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-310
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-311,242,280
Net shortfall amortization installment of oustanding balance2016-12-316,999,975
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-312,469,522
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-312,469,522
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-01973
Total number of active participants reported on line 7a of the Form 55002016-01-01371
Number of retired or separated participants receiving benefits2016-01-01318
Number of other retired or separated participants entitled to future benefits2016-01-01238
Total of all active and inactive participants2016-01-01927
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-0132
Total participants2016-01-01959
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT 2015 401k membership
Total participants, beginning-of-year2015-01-01993
Total number of active participants reported on line 7a of the Form 55002015-01-01395
Number of retired or separated participants receiving benefits2015-01-01314
Number of other retired or separated participants entitled to future benefits2015-01-01235
Total of all active and inactive participants2015-01-01944
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-0129
Total participants2015-01-01973
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-016
2014: LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT 2014 401k membership
Total participants, beginning-of-year2014-01-011,094
Total number of active participants reported on line 7a of the Form 55002014-01-01459
Number of retired or separated participants receiving benefits2014-01-01286
Number of other retired or separated participants entitled to future benefits2014-01-01216
Total of all active and inactive participants2014-01-01961
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-0132
Total participants2014-01-01993
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-017
2013: LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT 2013 401k membership
Total participants, beginning-of-year2013-01-011,129
Total number of active participants reported on line 7a of the Form 55002013-01-01495
Number of retired or separated participants receiving benefits2013-01-01274
Number of other retired or separated participants entitled to future benefits2013-01-01300
Total of all active and inactive participants2013-01-011,069
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-0125
Total participants2013-01-011,094
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0128
2012: LOCKHEED MARTIN AEROSPACE PENSION PLAN FOR OCALA HOURLY EMPLOYEES IN THE BARGAINING UNIT 2012 401k membership
Total participants, beginning-of-year2012-01-011,180
Total number of active participants reported on line 7a of the Form 55002012-01-01554
Number of retired or separated participants receiving benefits2012-01-01258
Number of other retired or separated participants entitled to future benefits2012-01-01297
Total of all active and inactive participants2012-01-011,109
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-0120
Total participants2012-01-011,129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-01