Lockheed Martin Corporation Basic Benefit Plan For Hourly Employees — Form 5500 plan (Lockheed Martin Corporation)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Lockheed Martin Corporation Basic Benefit Plan For Hourly Employees is a benefit plan reported by Lockheed Martin Corporation under EIN 52-1893632 and plan number 021. The latest loaded filing year is 2023. The filing reports 11,742 participants and $51,743,813 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$51.7MPlan net assets, end of year$51,735,565
Participants11.7KCovered participants reported11,742
Assets / participant$4.4KComputed: assets ÷ participants$4,407 (computed)
Provider compensationNone reported
Plan sponsor
Lockheed Martin Corporation
EIN
52-1893632
Plan number
021
Plan type
2
Location
Bethesda, MD
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202311,742H20240724135540NAL0013077521001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$51.7M total assets
Net assets$51.7MLiabilities$8.2K
Money in vs. money out
Total income / additions$6.5M
Total expenses$4.5M
Benefits paid / distributions$4.5M
Contributions
Employer$1.2M
ParticipantNot reported
Full reported line items

Net assets

Total assets (EOY)
$51,743,813
Total liabilities (EOY)
$8,248
Net assets (EOY)
$51,735,565
Net assets (BOY)
$52,732,592

Income & contributions

Employer contributions
$1,154,319
Total contributions
$1,154,319
Total income / additions
$6,514,128

Expenses & distributions

Benefits paid
$4,539,880
Administrative expenses
$8,248
Total expenses
$4,548,128
Net increase / (decrease)
$1,966,000
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income70%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages