BrightScope Rating
Company:
Lockheed Martin Corporation
Plan:
Lockheed Martin Corporation Salaried Savings Plan
Lockheed Martin Corporation
81
Plan:
7
60
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 9 point difference between this plan's BrightScope Rating (81) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
7 additional years of work Up to $384,100 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan
and do not take into account other retirement plans and programs offered by this employer.
Plan Description
Lockheed Martin Corporation Salaried Savings Plan is a defined contribution plan with a ESOP component, 401k feature, stock bonus component, and profit-sharing component. This plan has a BrightScope Rating of 81, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Salary Deferrals, Total Plan Cost, and Account Balances. Lockheed Martin Corporation Salaried Savings Plan currently has over 89,400 active participants and over $16.2B in plan assets.
Plan Details
| Address | 6801 Rockledge Dr Bethesda, MD 20817 |
| Industry | Other Miscellaneous Manufacturing |
| Administrator | Clare O'Callaghan |
| Net Plan Assets | $16,200,000,000 |
| Total Participants | 120,000 |
| Avg Account Balance | $130,000 |
Top 3 Investment Holdings
| 1. | Lockheed Martin Corporation Common Stock | 29% |
| 2. | Stable Value Fund | 22% |
| 3. | Broad Market Index Fund | 6% |
Other Companies in Peer Group
| Hewlett-Packard Inc. (HP) | 80.5 |
| Northrop Grumman | 79.5 |
| Raytheon Company | 78.3 |
| Honeywell International | 76.9 |
| United Technologies | 71.3 |
| General Motors | 68.2 |
Comments