401(k) · DOL Form 5500 · 2023
Lockheed Martin Corporation 401(k) Plan
Data updated 2026-08-11
- $2.2B
- Total assets
- 12,688
- Participants
- 99th
- Percentile by assets
- $171,186
- Avg per participant
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.
- 99th percentile by assets (of 127,072 plans)
- #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.
- $2.2B
- total plan assets (2023 EOY)
- 12,688
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $171,186
- avg assets per participant
Where Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees sits 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
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
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.
Participants vs Maryland filers
In Maryland, the average filing covers about 929 participants across 2,484 plans. Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees reports 12,688 participants - 14x that state average ($2.2B EOY assets).
Maryland filing particulars
| Total Assets (Beginning of Year) | $1.7B |
|---|---|
| Net Assets (End of Year) | $2.2B |
| Net Income | $280M |
| Employer EIN | 521893632 |
| Plan Effective Date | 1978-04-01 |
| 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 Performance Sharing Plan for Bargaining Employees 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 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 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 Performance Sharing Plan for Bargaining Employees by total assets, not by location.
- Fox Savings Plan (NY) $2.2B · 10,196
- The Clorox Company 401(k) Plan (CA) $2.2B · 6,451
- Iso 401(k) Savings and Employee Stock Ownership Plan (NJ) $2.2B · 4,794
- Agilent Technologies, Inc. 401(k) Plan (CA) $2.2B · 6,437
Frequently Asked Questions
How did Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees assets move in 2023? ▼
How have Lockheed Martin Corporation plan assets changed over time? ▼
Where does Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees? ▼
Next read for Lockheed Martin Corporation Performance …
Filing takeaways
Ways to act on Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees's numbers.
- By total assets, Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees 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