LOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO

At the end of 2022, the total retirement plan assets of LOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO is $3,036,160.This plan was established in 2021.

At the end of 2022, the total number of retirement plan participants in LOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO is 285

In 2022, the average participant retirement account value for LOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO is $10,653

In 2022, the estimated average employee contribution amount per participant for LOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO is $7,500

In 2022, the estimated average employer match for an employee in LOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO is approximately $3,063

In 2022, LOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO allocates $873,017 to match its employees’ contributions, providing an employer match rate of 81.68% of their contributions

In 2022, the total retirement plan asset growth rate of LOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO is 144.44%

In 2022, the estimated aggregate retirement account investment gain/loss for LOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO is -12.22%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO is 0.00%.

Enrollment Features

LOCKHEED MARTIN SAVINGS PLAN FOR EMPLOYEES IN PUERTO RICO has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.