401(k) · DOL Form 5500 · 2022
Lockheed Martin Corporation 401(k) Plan
Data updated 2026-08-11
- $1.7B
- Total assets
- 7,575
- Participants
- 99th
- Percentile by assets
- $218,951
- Avg per participant
Official DOL plan name: Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees · Sponsored by Lockheed Martin Corporation · Maryland · Manufacturing
$1.7B in assets, 7,575 participants
Lockheed Martin Corporation's Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees reported $1.7B in total assets and 7,575 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 139,126 plans)
- #20,336 in Manufacturing (20,602 peers)
Coverage in Maryland
Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees covers 7,575 participants in Maryland, 8.2x the typical Maryland plan (state average ~929 per filing). Assets: $1.7B.
- $1.7B
- total plan assets (2022 EOY)
- 7,575
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $218,951
- avg assets per participant
The plan reported a net loss of $166M 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 Performance Sharing Plan for Bargaining Employees reports 7,575 participants - 8.2x that state average ($1.7B EOY assets).
Maryland filing particulars
| Total Assets (Beginning of Year) | $1.8B |
|---|---|
| Net Assets (End of Year) | $1.7B |
| Net Income | -$166M |
| Employer EIN | 521893632 |
| Plan Effective Date | 1978-04-01 |
| 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 401(k) Plans in Maryland
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees vs. nearby 401(k) plans in Maryland, assets vs. participants
- Lockheed Martin Corporation Salaried Savings Plan $43.6B · 87,666
- Marriott Retirement Savings Plan $8.3B · 82,576
- T. Rowe Price U.S. Retirement Program $3.7B · 6,107
- Nfl Player Second Career Savings Plan $3.3B · 2,819
- Sodexo 401 (K) Employees' Retirement Savings Plan and Trust $1.9B · 74,729
Scale composition for Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees
Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees reports $1.7B in end-of-year assets across 7,575 participants (0.013% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $218,951 per participant (1.6x the national average assets-per-participant) . Net income for plan year 2022 was -$166M.
This plan identity (EIN 521893632, plan #055) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.7B to $3.0B (+80.1%) while covered participants moved from 7,575 to 18,370 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,575 | $1.7B | This page |
| 2023 | 12,688 | $2.2B | Open filing |
| 2024 · index core | 18,370 | $3.0B | 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 401(k) Plans Nationally
401(k) plans in other states closest to Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees by total assets, not by location.
- Steward Health Care 401(k) Retirement Savings Plan (TX) $1.7B · 36,140
- Xpo Logistics Retirement Savings Plan (OR) $1.7B · 6,855
- Tenneco 401(k) Investment Plan (MI) $1.7B · 6,681
- Cgi Technologies and Solutions, Inc. 401(k) Savings Plan (VA) $1.7B · 13,391
Frequently Asked Questions
How did Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees assets move in 2022? ▼
How have Lockheed Martin Corporation plan assets changed over time? ▼
Where does Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees's numbers.
- By total assets, Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) 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