ESOP · DOL Form 5500 · 2022
Lockheed Martin Corporation ESOP
Data updated 2026-08-25
- $53M
- Total assets Below avg plan size
- 10,270
- Participants Very large workforce
- 88th
- Percentile by assets National rank
- $5,136
- Avg per participant Low balance/head
Official DOL plan name: Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees · Sponsored by Lockheed Martin Corporation · Maryland · Manufacturing
$53M in assets, 10,270 participants
Lockheed Martin Corporation's Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees reported $53M in total assets and 10,270 participants in its 2022 DOL Form 5500 filing, ranking in the 88th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #17,072 in Manufacturing (20,602 peers)
Coverage in Maryland
Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees covers 10,270 participants in Maryland, 11x the typical Maryland plan (state average ~929 per filing). Assets: $53M.
- #17,072
- in Manufacturing (20,602 peers)
- -10.5%
- assets change YoY
- 0.5×
- vs typical plan assets (national mean)
The plan reported a net loss of $6M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees's outsized position by total assets
Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$52,745,481 Top 12% higher than 88% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees is a mega filing (10,270 participants), the rightmost band on the breakdown.
Form 5500 schedule snapshot
Filing strip 521893632 · Lockheed Martin Corporation PY 2022 · ESOP
Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees · $53M · 10,270 · 88th
- ASSETS $53M
- ASSETS 10,270
- ASSETS 88th
- ASSETS ESOP
- ASSETS near Severson Group Employee Stock Ownership Plan
- ASSETS ind #17072
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in Maryland →
Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees in the asset neighbourhood
Maryland filing particulars
| Total Assets (Beginning of Year) | $59M |
|---|---|
| Net Assets (End of Year) | $53M |
| Net Income | -$6M |
| Employer EIN | 521893632 |
| Plan Effective Date | 1965-12-27 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Lockheed Martin Corporation)
Sponsor-wide plan assets over time
All Lockheed Martin Corporation plans reported in each filing year
- Latest sponsor-wide plan assets
- $79.7B 10.755104430097978% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 13 | 161,436 | $72.0B |
| 2023 | 13 | 169,542 | $77.9B |
| 2024 | 12 | 172,051 | $79.7B |
Nearby ESOP Plans in Maryland
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Evapco, Inc. Employee Stock Ownership Plan $876M · 1,522
- Westat, Inc. Employee Stock Ownership Plan $371M · 2,842
- Brown Capital Management ESOP $368M · 34
- Kci Technologies, Inc. Employee Stock Ownership Plan $289M · 1,580
- Lockheed Martin Corporation Capital Accumulation Plan $247M · 4,213
Scale composition for Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees
Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees reports $53M in end-of-year assets across 10,270 participants (0.000% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.011% of 93,925,755 covered participants) - about $5,136 per participant (4% of the national average assets-per-participant) . Net income for plan year 2022 was -$6M.
This plan identity (EIN 521893632, plan #021) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $53M to $26M (-50.2%) while covered participants moved from 10,270 to 7,492 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 10,270 | $53M | This page |
| 2023 | 10,489 | $52M | Open filing |
| 2024 · index core | 7,492 | $26M | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Lockheed Martin Corporation Salaried Savings Plan (401(k), $51.4B, 96,812 participants)
- Lockheed Martin Corporation Salaried Employee Retirement Program (Defined Benefit (Pension), $18.3B, 18,014 participants)
- Retirement Plan for Certain Represented Employees (Defined Benefit (Pension), $3.2B, 6,769 participants)
- Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees (401(k), $3.0B, 18,370 participants)
Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees's out-of-state ESOP peers by assets and headcount
Outside Maryland, the nearest ESOP by assets is Severson Group Employee Stock Ownership Plan in CA ($53M); by covered participants it is Ori 401(k) Savings and Profit Sharing Plan in IL (10,023 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($53M here).
Similar participant headcount
Nearest other-state filings by covered participants (10,270 participants); asset peers above are excluded.
- Ori 401(k) Savings and Profit Sharing Plan (IL) 10,023 · 247 off
- Andersen Corporation Employee Stock Ownership Plan (MN) 9,416 · 854 off
- Sanderson Farms, Inc. and Affiliates ESOP (MS) 11,231 · 961 off
- Fairway Independent Mortgage Corporation Employee Stock Ownership Plan (WI) 11,676 · 1,406 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.