Plan Snapshot
- Plan Sponsor: Lockheed Martin Corporation
- Sponsor EIN: 521893632
- Sponsor Address: 6801 ROCKLEDGE DRIVE, CCT-224, BETHESDA, MD, 20817
- Plan Type: Health & Welfare
- Plan Number: 591
- Total Participants: 0
- Total Assets: $727.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $727.0M | $1.5M | $10.0M |
| 2023 | 0 | $702.9M | $957,302 | $10.6M |
| 2022 | 0 | $640.2M | $12.4M | $11.5M |
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 |
|---|---|---|---|---|
| AETNA HEALTH INC. | Recordkeeper | $3,218,139 | — | $3,218,139 |
| CIGNA INTERNATIONAL | Recordkeeper | $797,036 | — | $797,036 |
| CIGNA HEALTHCARE | Recordkeeper | $734,562 | — | $734,562 |
| AETNA LIFE INSURANCE COMPANY | Recordkeeper | $272,549 | — | $272,549 |
| CIGNA HEALTH & LIFE INSURANCE CO. | Recordkeeper | $221,028 | — | $221,028 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,243,314
- Estimated Expense Ratio: 0.721% of plan assets
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 | $2,779,475 | — | $2,779,475 | — | — |
| 2023 | $4,762,870 | — | $4,762,870 | — | — |
| 2022 | $2,009,844 | — | $2,009,844 | — | — |