LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS
Plan Contact
- Address: 6801 ROCKLEDGE DRIVE, CCT-224,BETHESDA,MD
- Contact person: ROBERT MUENINGHOFF
- Phone: (863) 647-0370
Plan General Information
LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS is $1,528,001,078.00.This plan was established in 1965.
LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS is 18509
LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS is $82,554.00
LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS is $3,563.00.
LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS is approximately $1,470.00
Investing in this additonal $1,470.00 for 20 years would give you extra $94,143.00, assuming a 10% annual return.
Investing in this additonal $1,470.00 for 20 years would give you extra $94,143.00, assuming a 10% annual return.
LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS Total Employer Contribution and Match Rate
In 2023, LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS allocates $27,226,557.00 to match its employees' contributions, providing an employer match rate of 41.48% of their contributions
LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS is -9.62%.
LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS is -4.88%. This measures the effectiveness of the plan participants' investments in the year.
LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS Expense Ratio
In 2023, the investment and administrative expense ratio of LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS is 0.01%.
Enrollment Features
LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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