ESOP · DOL Form 5500 · 2022
Lockheed Martin Corporation ESOP
Data updated 2026-08-11
- $53M
- Total assets
- 10,270
- Participants
- 88th
- Percentile by assets
- $5,136
- Avg per participant
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.
- 88th percentile by assets (of 139,126 plans)
- #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.
- $53M
- total plan assets (2022 EOY)
- 10,270
- covered participants
- 88th
- percentile by assets (of 139,126 plans)
- $5,136
- avg assets per participant
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.
Participants vs Maryland filers
In Maryland, the average filing covers about 929 participants across 2,484 plans. Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees reports 10,270 participants - 11x that state average ($53M EOY assets).
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)
| 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.
Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees vs. nearby ESOP plans in Maryland, assets vs. participants
- 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)
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees by total assets, not by location.
Frequently Asked Questions
How did Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees assets move in 2022? ▼
How have Lockheed Martin Corporation plan assets changed over time? ▼
Where does Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees's numbers.
- By total assets, Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Maryland. Compare plans
- Lockheed Martin Corporation's sponsor-wide assets have grown 10.8% since 2022 across 3 plan years on file. More Manufacturing plans