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LOCKHEED MARTIN CORPORATION PERFORMANCE SHARING PLAN FOR EMPLOYEES IN PUERTO RICO 401k Plan overview

Plan NameLOCKHEED MARTIN CORPORATION PERFORMANCE SHARING PLAN FOR EMPLOYEES IN PUERTO RICO
Plan identification number 075

LOCKHEED MARTIN CORPORATION PERFORMANCE SHARING PLAN FOR EMPLOYEES IN PUERTO RICO Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan not intended to be qualified - A plan not intended to be qualified under Code sections 401, 403, or 408.
  • 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)).
  • U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Puerto Rico Code.

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 PERFORMANCE SHARING PLAN FOR EMPLOYEES IN PUERTO RICO

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0752014-01-01DONALD REMSCH2014-09-11 DONALD REMSCH2014-09-11
0752013-01-01DONALD REMSCH2014-09-11 DONALD REMSCH2014-09-11
0752012-01-01DONALD REMSCH2013-10-13 DONALD REMSCH2013-10-13
0752011-01-01DONALD REMSCH DONALD REMSCH2012-09-19
0752010-01-01DONALD REMSCH DONALD REMSCH2011-09-02
0752009-01-01CLARE O'CALLAGHAN CLARE O'CALLAGHAN2010-09-29

Plan Statistics for LOCKHEED MARTIN CORPORATION PERFORMANCE SHARING PLAN FOR EMPLOYEES IN PUERTO RICO

401k plan membership statisitcs for LOCKHEED MARTIN CORPORATION PERFORMANCE SHARING PLAN FOR EMPLOYEES IN PUERTO RICO

Measure Date Value
2011
Total participants, beginning-of-year2011-01-0188
Total number of active participants reported on line 7a of the Form 55002011-01-0166
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0120
Total of all active and inactive participants2011-01-0186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0186
Number of participants with account balances2011-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010
Total participants, beginning-of-year2010-01-0189
Total number of active participants reported on line 7a of the Form 55002010-01-0164
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0124
Total of all active and inactive participants2010-01-0188
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0188
Number of participants with account balances2010-01-0180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009
Total participants, beginning-of-year2009-01-0180
Total number of active participants reported on line 7a of the Form 55002009-01-0156
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0133
Total of all active and inactive participants2009-01-0189
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0189
Number of participants with account balances2009-01-0180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on LOCKHEED MARTIN CORPORATION PERFORMANCE SHARING PLAN FOR EMPLOYEES IN PUERTO RICO

Measure Date Value
2011
Total plan liabilities at beginning of year2011-12-31$100
Total income from all sources2011-12-31$49,058
Expenses. Total of all expenses incurred2011-12-31$122,932
Benefits paid (including direct rollovers)2011-12-31$121,178
Total plan assets at end of year2011-12-31$582,844
Total plan assets at beginning of year2011-12-31$656,818
Value of fidelity bond covering the plan2011-12-31$100,000,000
Total contributions received or receivable from participants2011-12-31$37,533
Other income received2011-12-31$11,206
Net income (gross income less expenses)2011-12-31$-73,874
Net plan assets at end of year (total assets less liabilities)2011-12-31$582,844
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$656,718
Assets. Value of participant loans2011-12-31$3,364
Total contributions received or receivable from employer(s)2011-12-31$319
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$1,754
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010
Transfers to/from the plan2010-12-31$20,031
Total plan liabilities at end of year2010-12-31$100
Total plan liabilities at beginning of year2010-12-31$106
Total income from all sources2010-12-31$86,277
Expenses. Total of all expenses incurred2010-12-31$63,790
Benefits paid (including direct rollovers)2010-12-31$61,378
Total plan assets at end of year2010-12-31$656,818
Total plan assets at beginning of year2010-12-31$614,306
Value of fidelity bond covering the plan2010-12-31$100,000,000
Total contributions received or receivable from participants2010-12-31$32,309
Expenses. Other expenses not covered elsewhere2010-12-31$2,412
Other income received2010-12-31$53,363
Net income (gross income less expenses)2010-12-31$22,487
Net plan assets at end of year (total assets less liabilities)2010-12-31$656,718
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$614,200
Assets. Value of participant loans2010-12-31$4,616
Total contributions received or receivable from employer(s)2010-12-31$605
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses

2011
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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