Lockheed Martin Corporation Group Insurance Plan For Retired 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 Group Insurance Plan For Retired Employees is a benefit plan reported by Lockheed Martin Corporation under EIN 52-1893632 and plan number 591. The latest loaded filing year is 2023. The filing reports 45,018 participants and $702,873,193 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Lockheed Martin Corporation
- EIN
- 52-1893632
- Plan number
- 591
- Plan type
- 2
- Location
- Bethesda, MD
- Latest filing year
- 2023
- Participants
- 45,018
- End-of-year plan assets
- $702,873,193
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 45,018 | H, C | 20241007205041NAL0015750497001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $702,873,193
- Total liabilities (EOY)
- $3,181,535
- Net assets (EOY)
- $699,691,658
- Net assets (BOY)
- $634,190,901
Income & contributions
- Employer contributions
- $957,302
- Participant contributions
- $10,594,945
- Total contributions
- $11,552,247
- Total income / additions
- $126,196,428
Expenses & distributions
- Benefits paid
- $55,932,801
- Administrative expenses
- $4,762,870
- Total expenses
- $60,695,671
- Net increase / (decrease)
- $65,500,757
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Aetna Health Inc. | CLAIMS ADMINISTRATOR | $5,584,662 | not reported in the loaded dataset | 2023 |
| Cigna Healthcare | CLAIMS ADMINISTRATOR | $774,289 | not reported in the loaded dataset | 2023 |
| Healthpartners Inc | CLAIMS ADMINISTRATOR | $428,877 | not reported in the loaded dataset | 2023 |
| Aetna Life Insurance Company | CLAIMS ADMINISTRATOR | $286,873 | not reported in the loaded dataset | 2023 |
| Cigna Health & Life Insurance Co. | CLAIMS ADMINISTRATOR | $262,020 | not reported in the loaded dataset | 2023 |
| Unitedhealthcare Insurance Company | CLAIMS ADMINISTRATOR | $50,343 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Lockheed Martin Corporation
- 2023 Form 5500 filing
- Form 5500 filings in MD
- 401(k) and benefit plan filings in Bethesda, MD
- Aetna Health Inc. — Schedule C compensation
- Cigna Healthcare — Schedule C compensation
- Healthpartners Inc — Schedule C compensation
- Aetna Life Insurance Company — Schedule C compensation
- Cigna Health & Life Insurance Co. — Schedule C compensation
- Unitedhealthcare Insurance Company — Schedule C compensation