Defined Benefit (Pension) · DOL Form 5500 · 2022

Lockheed Martin Corporation Pension Plan

Data updated 2026-08-25

$2.3B
Total assets Very large vs avg
4,519
Participants Above avg headcount
100th
Percentile by assets National rank
$519,583
Avg per participant High balance/head
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Official DOL plan name: Lockheed Martin Aerospace Hourly Pension Plan · Sponsored by Lockheed Martin Corporation · Maryland · Manufacturing

$2.3B in assets, 4,519 participants

Lockheed Martin Corporation's Lockheed Martin Aerospace Hourly Pension Plan reported $2.3B in total assets and 4,519 participants in its 2022 DOL Form 5500 filing, ranking in the 100th 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.

  • #20,415 in Manufacturing (20,602 peers)

Coverage in Maryland

Lockheed Martin Aerospace Hourly Pension Plan covers 4,519 participants in Maryland, 4.9x the typical Maryland plan (state average ~929 per filing). Assets: $2.3B.

#20,415
in Manufacturing (20,602 peers)
-42.0%
assets change YoY
24×
vs typical plan assets (national mean)

The plan reported a net loss of $1.7B for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Lockheed Martin Aerospace Hourly Pension Plan's outsized position by total assets

Lockheed Martin Aerospace Hourly Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$2,347,995,344 Highest reported value at or above every one of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Lockheed Martin Aerospace Hourly Pension Plan's large-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 Aerospace Hourly Pension Plan lands in the large band (4,519 participants).

DOL schedule card

Filing strip 521893632 · Lockheed Martin Corporation PY 2022 · Defined Benefit (Pension)

Lockheed Martin Aerospace Hourly Pension Plan · $2.3B · 4,519 · 100th

  • 5500 $2.3B
  • ASSETS 4,519
  • PCT 100th
  • EIN Defined Benefit (Pension)
  • RANK near Burlington Northern Santa Fe Retirement Plan
  • PHOTO ind #20415

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 Manufacturing retirement plans → · Plans in Maryland →

Lockheed Martin Aerospace Hourly Pension Plan in the asset neighbourhood

Lockheed Martin Aerospace Hourly Pension PlanLockheed Martin Aerospace Ho…$2.3BBurlington Northern Santa Fe Retirement PlanBurlington Northern Santa Fe…$2.3BSentara Pension Plan$2.3BThe Goodyear Tire & Rubber Company 1950 Pension PlanThe Goodyear Tire & Rubber C…$2.3BBayer Corporation Pension PlanBayer Corporation Pension Pl…$2.3B
End-of-year total assets ($B) among Lockheed Martin Aerospace Hourly Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Maryland filing particulars

Total Assets (Beginning of Year)$4.1B
Net Assets (End of Year)$2.3B
Net Income-$1.7B
Employer EIN521893632
Plan Effective Date1951-05-05
Filing StatusFILING 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
$70B$75B$80B$85B 202220232024 $72B $79.7B ▲ +10.8%
Year Plans Participants Total Assets
2022 13 161,436 $72.0B
2023 13 169,542 $77.9B
2024 12 172,051 $79.7B

Nearby Defined Benefit (Pension) Plans in Maryland

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Lockheed Martin Aerospace Hourly Pension Plan vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 05101520 Total assets ($B) Participants Lockheed Martin Aerospace Hourly Pension Plan, Total assets ($B): 2.347995344 · Participants: 4519Lockheed Martin Aerospace Hourly Pension PlanLockheed Martin Corporation Salaried Employee Retirement Program, Total assets ($B): 18.843533772 · Participants: 21647Lockheed Martin Corporation Salaried Employee Retirement ProgramNational Automatic Sprinkler Industry Pension Fund, Total assets ($B): 4.273549408 · Participants: 14916National Automatic Sprinkler Industry Pension FundMajor League Baseball Players Pension Plan, Total assets ($B): 4.247803775 · Participants: 1041Major League Baseball Players Pension PlanInternational Painters and Allied Trades Industry Pension Plan, Total assets ($B): 3.938448124 · Participants: 50952International Painters and Allied Trades Industry Pension PlanBert Bell/Pete Rozelle Nfl Player Retirement Plan, Total assets ($B): 3.67312584 · Participants: 2587Bert Bell/Pete Rozelle Nfl Player Retirement Plan
Lockheed Martin Aerospace Hourly Pension Plan vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants
Compare Lockheed Martin Aerospace Hourly Pension Plan side-by-side with 3 peers →

Lockheed Martin Aerospace Hourly Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Maryland, the nearest Defined Benefit (Pension) by assets is Burlington Northern Santa Fe Retirement Plan in TX ($2.3B); by covered participants it is Sheet Metal Workers' Pension Plan of Southern California Arizona and Nevada in CA (4,520 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.3B here).

Similar participant headcount

Nearest other-state filings by covered participants (4,519 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Lockheed Martin Aerospace Hourly Pension Plan assets move in 2022? ▼
Lockheed Martin Aerospace Hourly Pension Plan contracted severely - down 42.0% during 2022, from $4.1B to $2.3B. Reported net income was -$1.7B.
How have Lockheed Martin Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Lockheed Martin Corporation's sponsor-wide assets grew 10.8%, from $72.0B to $79.7B.
Where does Lockheed Martin Aerospace Hourly Pension Plan rank by assets among Form 5500 filers? ▼
Lockheed Martin Aerospace Hourly Pension Plan ranks in the 100th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Lockheed Martin Aerospace Hourly Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Burlington Northern Santa Fe Retirement Plan in TX ($2.3B, 5,557 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Lockheed Martin Aerospace Hourly Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Sheet Metal Workers' Pension Plan of Southern California Arizona and Nevada in CA (4,520 participants, $957M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 521893632.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.