401(k) · DOL Form 5500 · 2023
Lockheed Martin Corporation 401(k) Plan
Data updated 2026-08-06
- $1.5B
- Total assets
- 15,472
- Participants
- 99th
- Percentile by assets
- $98,759
- Avg per participant
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.
- 99th percentile by assets (of 126,618 plans)
- #18,344 in Manufacturing (18,672 peers)
Coverage in Maryland
Lockheed Martin Corporation Hourly Employee Savings Plan Plus covers 15,472 participants in Maryland, 16x the typical Maryland plan (state average ~971 per filing). Assets: $1.5B.
- $1.5B
- total plan assets (2023 EOY)
- 15,472
- covered participants
- 99th
- percentile by assets (of 126,618 plans)
- $98,759
- avg assets per participant
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.
Participants vs Maryland filers
In Maryland, the average filing covers about 971 participants across 2,307 plans. Lockheed Martin Corporation Hourly Employee Savings Plan Plus reports 15,472 participants - 16x that state average ($1.5B EOY assets).
Maryland filing particulars
| Total Assets (Beginning of Year) | $1.7B |
|---|---|
| Net Assets (End of Year) | $1.5B |
| Net Income | $68M |
| 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 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
- Lockheed Martin Corporation Salaried Savings Plan $47.3B · 91,511
- Marriott Retirement Savings Plan $10.2B · 96,415
- T. Rowe Price U.S. Retirement Program $4.4B · 6,292
- Nfl Player Second Career Savings Plan $4.0B · 2,767
- Sodexo 401 (K) Employees' Retirement Savings Plan and Trust $2.2B · 80,121
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 (0.013% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.017% of 89,805,449 covered participants) - about $98,759 per participant (72% 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 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 401(k) Plans Nationally
401(k) plans in other states closest to Lockheed Martin Corporation Hourly Employee Savings Plan Plus by total assets, not by location.
- Carmax, Inc. Retirement Savings Plan (VA) $1.5B · 31,272
- Masco Corporation 401(k) Plan (MI) $1.5B · 8,816
- Gannett Media Corp. 401(k) Savings Plan (NY) $1.5B · 11,088
- American Red Cross Savings Plan (DC) $1.5B · 17,322
Frequently Asked Questions
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Filing takeaways
Ways to act on Lockheed Martin Corporation Hourly Employee Savings Plan Plus's numbers.
- By total assets, Lockheed Martin Corporation Hourly Employee Savings Plan Plus ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) 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