401(k) · DOL Form 5500 · 2023

Lockheed Martin Corporation 401(k) Plan

Data updated 2026-08-25

$2.2B
Total assets Very large vs avg
12,688
Participants Very large workforce
99th
Percentile by assets National rank
$171,186
Avg per participant Above avg balance/head
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Official DOL plan name: Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees · Sponsored by Lockheed Martin Corporation · Maryland · Manufacturing

$2.2B in assets, 12,688 participants

Lockheed Martin Corporation's Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees reported $2.2B in total assets and 12,688 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.

  • #18,499 in Manufacturing (18,722 peers)

Coverage in Maryland

Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees covers 12,688 participants in Maryland, 14x the typical Maryland plan (state average ~929 per filing). Assets: $2.2B.

#18,499
in Manufacturing (18,722 peers)
+31.0%
assets growth YoY
22×
vs typical plan assets (national mean)

Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees's outsized position by total assets

Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees vs every filed plan by assets

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

$2,172,010,800 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 Performance Sharing Plan for Bargaining 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 Performance Sharing Plan for Bargaining Employees is a mega filing (12,688 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees reported net income rose from -$166M in the plan year 2022 filing to $280M in the plan year 2023 filing.
  • Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees reported participants rose from 7,575 in the plan year 2022 filing to 12,688 in the plan year 2023 filing.
  • Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees end-of-year assets rose from $1.7B in the plan year 2022 filing to $2.2B in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

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

Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees · $2.2B · 12,688 · 99th

  • BOY $2.2B
  • BOY 12,688
  • BOY 99th
  • BOY 401(k)
  • BOY near Fox Savings Plan
  • BOY ind #18499

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 Performance Sharing Plan for Bargaining Employees in the asset neighbourhood

Iso 401(k) Savings and Employee Stock Ownership PlanIso 401(k) Savings and Emplo…$2.2BLockheed Martin Corporation Performance Sharing Plan for Bargaining EmployeesLockheed Martin Corporation …$2.2BFox Savings Plan$2.2BThe Clorox Company 401(k) PlanThe Clorox Company 401(k) Pl…$2.2BAgilent Technologies, Inc. 401(k) PlanAgilent Technologies, Inc. 4…$2.2B
End-of-year total assets ($B) among Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees 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)$2.2B
Net Income$280M
Employer EIN521893632
Plan Effective Date1978-04-01
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 Performance Sharing Plan for Bargaining Employees vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees, Total assets ($B): 2.1720108 · Participants: 12688Lockheed Martin Corporation Performance Sharing Plan for Bargaining EmployeesLockheed 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 Performance Sharing Plan for Bargaining Employees vs. nearby 401(k) plans in Maryland, assets vs. participants
Compare Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees side-by-side with 3 peers →

Scale composition for Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees

Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees reports $2.2B in end-of-year assets across 12,688 participants (0.018% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.014% of 93,925,755 covered participants) - about $171,186 per participant (1.2x the national average assets-per-participant) . Net income for plan year 2023 was $280M.

This plan identity (EIN 521893632, plan #055) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.7B to $3.0B (+80.1%) while covered participants moved from 7,575 to 18,370 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 7,575 $1.7B Open filing
2023 12,688 $2.2B This page
2024 · index core 18,370 $3.0B Open filing

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

Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees's out-of-state 401(k) peers by assets and headcount

Outside Maryland, the nearest 401(k) by assets is Fox Savings Plan in NY ($2.2B); by covered participants it is Uber Technologies, Inc. 401(k) Plan in CA (12,678 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.2B here).

Similar participant headcount

Nearest other-state filings by covered participants (12,688 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 Performance Sharing Plan for Bargaining Employees assets move in 2023? ▼
Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees surged - up 31.0% during 2023, from $1.7B to $2.2B. Reported net income was $280M.
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 Performance Sharing Plan for Bargaining Employees rank by assets among Form 5500 filers? ▼
Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees 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 Performance Sharing Plan for Bargaining Employees? ▼
Among 401(k) plans in other states, the closest by assets is Fox Savings Plan in NY ($2.2B, 10,196 participants).
Which 401(k) plans cover a similar participant headcount to Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees? ▼
Among 401(k) plans in other states, the closest by covered participants is Uber Technologies, Inc. 401(k) Plan in CA (12,678 participants, $1.0B 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.