ESOP · DOL Form 5500 · 2023
Lockheed Martin Corporation ESOP
Data updated 2026-08-11
- $52M
- Total assets
- 10,489
- Participants
- 86th
- Percentile by assets
- $4,933
- Avg per participant
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.
- 86th percentile by assets (of 127,072 plans)
- #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.
- $52M
- total plan assets (2023 EOY)
- 10,489
- covered participants
- 86th
- percentile by assets (of 127,072 plans)
- $4,933
- avg assets per participant
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.
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 10,489 participants - 11x that state average ($52M EOY assets).
Maryland filing particulars
| Total Assets (Beginning of Year) | $53M |
|---|---|
| Net Assets (End of Year) | $52M |
| Net Income | $2M |
| 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 $1.1B · 1,617
- Westat, Inc. Employee Stock Ownership Plan $407M · 3,046
- Kci Technologies, Inc. Employee Stock Ownership Plan $336M · 1,793
- Brown Capital Management ESOP $320M · 35
- Lockheed Martin Corporation Capital Accumulation Plan $267M · 5,839
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 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 2023? ▼
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? ▼
Which ESOP plans are similar in size to Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees? ▼
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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