ESOP · DOL Form 5500 · 2023

Lockheed Martin Corporation ESOP

Data updated 2026-08-25

$52M
Total assets Below avg plan size
10,489
Participants Very large workforce
86th
Percentile by assets National rank
$4,933
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees · Sponsored by Lockheed Martin Corporation · Maryland · Manufacturing

$52M in assets, 10,489 participants

Lockheed Martin Corporation's Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees reported $52M in total assets and 10,489 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #14,900 in Manufacturing (18,722 peers)

Coverage in Maryland

Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees covers 10,489 participants in Maryland, 11x the typical Maryland plan (state average ~929 per filing). Assets: $52M.

#14,900
in Manufacturing (18,722 peers)
-1.9%
assets change YoY
0.5×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$51,743,813 Top 14% higher than 86% of 127,068 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 2023

Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees's mega-plan peer group by participant headcount

Plan-year 2023 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 (10,489 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees reported net income rose from -$6M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees reported participants rose from 10,270 in the plan year 2022 filing to 10,489 in the plan year 2023 filing.
  • Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees end-of-year assets fell from $53M in the plan year 2022 filing to $52M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 521893632 · Lockheed Martin Corporation PY 2023 · ESOP

Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees · $52M · 10,489 · 86th

  • BOY $52M
  • BOY 10,489
  • BOY 86th
  • BOY ESOP
  • BOY near Fishback Financial Corporation Employee Stock Ownership Plan
  • BOY ind #14900

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

American Equity Investment Employee Stock Ownership PlanAmerican Equity Investment E…$52MConcrete Supply Co. Inc. Employee Stock Ownership PlanConcrete Supply Co. Inc. Emp…$52MLockheed Martin Corporation Basic Benefit Plan for Hourly EmployeesLockheed Martin Corporation …$52MFishback Financial Corporation Employee Stock Ownership PlanFishback Financial Corporati…$52MMinnesota Elevator, Inc. Employee Stock Ownership PlanMinnesota Elevator, Inc. Emp…$52M
End-of-year total assets ($M) among Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Maryland filing particulars

Total Assets (Beginning of Year)$53M
Net Assets (End of Year)$52M
Net Income$2M
Employer EIN521893632
Plan Effective Date1965-12-27
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 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 Scatter plot of 6 data points. -5000050001000015000 -0.500.511.5 Total assets ($B) Participants Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees, Total assets ($B): 0.051743813 · Participants: 10489Lockheed Martin Corporation Basic Benefit Plan for Hourly EmployeesEvapco, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.118445961 · Participants: 1617Evapco, Inc. Employee Stock Ownership PlanWestat, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.406851042 · Participants: 3046Westat, Inc. Employee Stock Ownership PlanKci Technologies, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.335744983 · Participants: 1793Kci Technologies, Inc. Employee Stock Ownership PlanBrown Capital Management ESOP, Total assets ($B): 0.320387257 · Participants: 35Brown Capital Management ESOPLockheed Martin Corporation Capital Accumulation Plan, Total assets ($B): 0.267392826 · Participants: 5839Lockheed Martin Corporation Capital Accumulation Plan
Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees vs. nearby ESOP plans in Maryland, assets vs. participants
Compare Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees side-by-side with 3 peers →

Scale composition for Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees

Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees reports $52M in end-of-year assets across 10,489 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 $4,933 per participant (4% of the national average assets-per-participant) . Net income for plan year 2023 was $2M.

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 Open filing
2023 10,489 $52M This page
2024 · index core 7,492 $26M Open filing

The same sponsor also keeps 4 other index-core plans on PlainRetire:

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 Fishback Financial Corporation Employee Stock Ownership Plan in SD ($52M); by covered participants it is Bdo USA Employee Stock Ownership Plan in IL (10,168 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (10,489 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees assets move in 2023? ▼
Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees edged down modestly - down 1.9% during 2023, from $53M to $52M. Reported net income was $2M.
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 Corporation Basic Benefit Plan for Hourly Employees rank by assets among Form 5500 filers? ▼
Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees ranks in the 86th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees? ▼
Among ESOP plans in other states, the closest by assets is Fishback Financial Corporation Employee Stock Ownership Plan in SD ($52M, 713 participants).
Which ESOP plans cover a similar participant headcount to Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees? ▼
Among ESOP plans in other states, the closest by covered participants is Bdo USA Employee Stock Ownership Plan in IL (10,168 participants, $915M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.