Jj Martin Electric 401(k) plan

There is not enough detail for a reliable example.

awals, or loans may be made directly from the assets in the SDBA, unless the participant requests a lump sum distribution after termination of employment.

stment contracts at contract value — 4,374,595 4,374,595 Receivables: Notes receivable from participants — 287,426 287,426 Total assets 8,282,816 47,150,336 55,433,152 Liabilities Administrative expenses payable — 5,494 5,494 Total liabilities — 5,494 5,494 Total net assets available for benefits $ 8,282,816 $ 47,144,842 $ 55,427,658 The accompanying notes are an integral part of these financial statements.

after termination of employment

r is Empower. Lockheed Martin is the Plan Sponsor and the Plan Administrator. Contributions The Plan allows eligible employees to make contributions on a before-tax, after-tax, or Roth 401(k) basis or in any combination. Each calendar year, eligible employees can contribute up to 40 % of the employee’s base salary, subject to regulatory limitations. If automatically enrolled, a participant’s contribution is set at 4 % of base salary in before-tax contributions. The Plan has an auto-escalation feature whereby contributions for those automatically enrolled are increased 1 % each calendar year up to 12 % unless changed by the participant. For participants hired prior to January 1, 2019, the auto enrollment was set at 3 % and the auto-escalation goes up to 8 %. The Plan permits catch-up contri

$0 per active participant in 2025.

Participation up 0.0% · assets up 0.0%