# Lockheed Martin Corporation 401(k) Plan
Source: https://planprovider.pro/companies/lockheed-martin-corporation-401k-plan-055

> Lockheed Martin Corporation's 401(k) plan: 18,568 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Lockheed Martin Corporation

- **Sponsor EIN:** 521893632

- **Sponsor Address:** 6801 ROCKLEDGE DRIVE, CCT-224, BETHESDA, MD, 20817

- **Plan Type:** 401(k)

- **Total Participants:** 18,568

- **Total Assets:** $3.0B

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|18,568|$3.0B|$89.2M|$126.1M|

| 2023|18,360|$2.2B|$68.5M|$99.3M|

| 2022|12,688|$1.7B|$46.7M|$62.5M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| MITCHELL & TITUS, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MITCHELL & TITUS, LLP](https://planprovider.pro/provider/mitchell-and-titus-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$338,092|$276,665|—|—|—|

| 2023|$283,605|$196,451|$1,715|—|—|

| 2022|$253,219|$171,689|$81,530|—|—|

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