401(k) · DOL Form 5500 · 2023

Lockheed Martin Corporation 401(k) Plan

Data updated 2026-08-25

$1.5B
Total assets Very large vs avg
15,472
Participants Very large workforce
99th
Percentile by assets National rank
$98,759
Avg per participant Below avg balance/head
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Official DOL plan name: Lockheed Martin Corporation Hourly Employee Savings Plan Plus · Sponsored by Lockheed Martin Corporation · Maryland · Manufacturing

$1.5B in assets, 15,472 participants

Lockheed Martin Corporation's Lockheed Martin Corporation Hourly Employee Savings Plan Plus reported $1.5B in total assets and 15,472 participants in its 2023 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.

  • #18,394 in Manufacturing (18,722 peers)

Coverage in Maryland

Lockheed Martin Corporation Hourly Employee Savings Plan Plus covers 15,472 participants in Maryland, 17x the typical Maryland plan (state average ~929 per filing). Assets: $1.5B.

#18,394
in Manufacturing (18,722 peers)
-9.6%
assets change YoY
15×
vs typical plan assets (national mean)

Lockheed Martin Corporation Hourly Employee Savings Plan Plus's outsized position by total assets

Lockheed Martin Corporation Hourly Employee Savings Plan Plus vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$1,528,001,078 Top 1% higher than 99% 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 Hourly Employee Savings Plan Plus'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 Hourly Employee Savings Plan Plus is a mega filing (15,472 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Lockheed Martin Corporation Hourly Employee Savings Plan Plus reported net income rose from -$99M in the plan year 2022 filing to $68M in the plan year 2023 filing.
  • Lockheed Martin Corporation Hourly Employee Savings Plan Plus end-of-year assets fell from $1.7B in the plan year 2022 filing to $1.5B in the plan year 2023 filing.
  • Lockheed Martin Corporation Hourly Employee Savings Plan Plus reported participants fell from 15,941 in the plan year 2022 filing to 15,472 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 521893632 · Lockheed Martin Corporation PY 2023 · 401(k)

Lockheed Martin Corporation Hourly Employee Savings Plan Plus · $1.5B · 15,472 · 99th

  • IND $1.5B
  • IND 15,472
  • IND 99th
  • IND 401(k)
  • IND near Carmax, Inc. Retirement Savings Plan
  • IND ind #18394

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 Corporation Hourly Employee Savings Plan Plus in the asset neighbourhood

Lockheed Martin Corporation Hourly Employee Savings Plan PlusLockheed Martin Corporation …$1.5BCarmax, Inc. Retirement Savings PlanCarmax, Inc. Retirement Savi…$1.5BMasco Corporation 401(k) Plan$1.5BAmerican Red Cross Savings PlanAmerican Red Cross Savings P…$1.5BGannett Media Corp. 401(k) Savings PlanGannett Media Corp. 401(k) S…$1.5B
End-of-year total assets ($B) among Lockheed Martin Corporation Hourly Employee Savings Plan Plus and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Maryland filing particulars

Total Assets (Beginning of Year)$1.7B
Net Assets (End of Year)$1.5B
Net Income$68M
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 401(k) Plans in Maryland

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Lockheed Martin Corporation Hourly Employee Savings Plan Plus vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Lockheed Martin Corporation Hourly Employee Savings Plan Plus, Total assets ($B): 1.528001078 · Participants: 15472Lockheed Martin Corporation Hourly Employee Savings Plan PlusLockheed Martin Corporation Salaried Savings Plan, Total assets ($B): 47.273019756 · Participants: 91511Lockheed Martin Corporation Salaried Savings PlanMarriott Retirement Savings Plan, Total assets ($B): 10.20606962 · Participants: 96415Marriott Retirement Savings PlanT. Rowe Price U.S. Retirement Program, Total assets ($B): 4.357344903 · Participants: 6292T. Rowe Price U.S. Retirement ProgramNfl Player Second Career Savings Plan, Total assets ($B): 3.951576315 · Participants: 2767Nfl Player Second Career Savings PlanSodexo 401 (K) Employees' Retirement Savings Plan and Trust, Total assets ($B): 2.217483854 · Participants: 80121Sodexo 401 (K) Employees' Retirement Savings Plan and Trust
Lockheed Martin Corporation Hourly Employee Savings Plan Plus vs. nearby 401(k) plans in Maryland, assets vs. participants
Compare Lockheed Martin Corporation Hourly Employee Savings Plan Plus side-by-side with 3 peers →

Scale composition for Lockheed Martin Corporation Hourly Employee Savings Plan Plus

Lockheed Martin Corporation Hourly Employee Savings Plan Plus reports $1.5B in end-of-year assets across 15,472 participants (0.012% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.016% of 93,925,755 covered participants) - about $98,759 per participant (71% of the national average assets-per-participant) . Net income for plan year 2023 was $68M.

This plan identity (EIN 521893632, plan #018) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.7B to $1.2B (-30.7%) while covered participants moved from 15,941 to 10,760 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 15,941 $1.7B Open filing
2023 15,472 $1.5B This page
2024 · index core 10,760 $1.2B Open filing

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

Lockheed Martin Corporation Hourly Employee Savings Plan Plus's out-of-state 401(k) peers by assets and headcount

Outside Maryland, the nearest 401(k) by assets is Carmax, Inc. Retirement Savings Plan in VA ($1.5B); by covered participants it is Lululemon Savings Plan in DE (15,491 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.5B here).

Similar participant headcount

Nearest other-state filings by covered participants (15,472 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 Hourly Employee Savings Plan Plus assets move in 2023? ▼
Lockheed Martin Corporation Hourly Employee Savings Plan Plus pulled back noticeably - down 9.6% during 2023, from $1.7B to $1.5B. Reported net income was $68M.
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 Hourly Employee Savings Plan Plus rank by assets among Form 5500 filers? ▼
Lockheed Martin Corporation Hourly Employee Savings Plan Plus ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Lockheed Martin Corporation Hourly Employee Savings Plan Plus? ▼
Among 401(k) plans in other states, the closest by assets is Carmax, Inc. Retirement Savings Plan in VA ($1.5B, 31,272 participants).
Which 401(k) plans cover a similar participant headcount to Lockheed Martin Corporation Hourly Employee Savings Plan Plus? ▼
Among 401(k) plans in other states, the closest by covered participants is Lululemon Savings Plan in DE (15,491 participants, $168M 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.