Defined Benefit (Pension) · DOL Form 5500 · 2022
Lockheed Martin Corporation Pension Plan
Data updated 2026-08-11
- $2.3B
- Total assets
- 4,519
- Participants
- 100th
- Percentile by assets
- $519,583
- Avg per participant
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.
- 100th percentile by assets (of 139,126 plans)
- #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.
- $2.3B
- total plan assets (2022 EOY)
- 4,519
- covered participants
- 100th
- percentile by assets (of 139,126 plans)
- $519,583
- avg assets per participant
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.
Participants vs Maryland filers
In Maryland, the average filing covers about 929 participants across 2,484 plans. Lockheed Martin Aerospace Hourly Pension Plan reports 4,519 participants - 4.9x that state average ($2.3B EOY assets).
Maryland filing particulars
| Total Assets (Beginning of Year) | $4.1B |
|---|---|
| Net Assets (End of Year) | $2.3B |
| Net Income | -$1.7B |
| Employer EIN | 521893632 |
| Plan Effective Date | 1951-05-05 |
| 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 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
- Lockheed Martin Corporation Salaried Employee Retirement Program $18.8B · 21,647
- National Automatic Sprinkler Industry Pension Fund $4.3B · 14,916
- Major League Baseball Players Pension Plan $4.2B · 1,041
- International Painters and Allied Trades Industry Pension Plan $3.9B · 50,952
- Bert Bell/Pete Rozelle Nfl Player Retirement Plan $3.7B · 2,587
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Lockheed Martin Aerospace Hourly Pension Plan by total assets, not by location.
- Burlington Northern Santa Fe Retirement Plan (TX) $2.3B · 5,557
- Sentara Pension Plan (VA) $2.3B · 20,272
- The Goodyear Tire & Rubber Company 1950 Pension Plan (OH) $2.3B · 2,842
- Bayer Corporation Pension Plan (MO) $2.3B · 1,611
Frequently Asked Questions
How did Lockheed Martin Aerospace Hourly Pension Plan assets move in 2022? ▼
How have Lockheed Martin Corporation plan assets changed over time? ▼
Where does Lockheed Martin Aerospace Hourly Pension Plan rank by assets among Form 5500 filers? ▼
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Next read for Lockheed Martin Aerospace Hourly Pension…
Filing takeaways
Ways to act on Lockheed Martin Aerospace Hourly Pension Plan's numbers.
- By total assets, Lockheed Martin Aerospace Hourly Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) 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