Defined Benefit (Pension) · DOL Form 5500 · 2023
Lockheed Martin Corporation Pension Plan
Data updated 2026-08-25
- $2.3B
- Total assets Very large vs avg
- 4,011
- Participants Above avg headcount
- 99th
- Percentile by assets National rank
- $583,172
- Avg per participant High balance/head
Official DOL plan name: Lockheed Martin Aerospace Hourly Pension Plan · Sponsored by Lockheed Martin Corporation · Maryland · Manufacturing
$2.3B in assets, 4,011 participants
Lockheed Martin Corporation's Lockheed Martin Aerospace Hourly Pension Plan reported $2.3B in total assets and 4,011 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.
- #18,515 in Manufacturing (18,722 peers)
Coverage in Maryland
Lockheed Martin Aerospace Hourly Pension Plan covers 4,011 participants in Maryland, 4.3x the typical Maryland plan (state average ~929 per filing). Assets: $2.3B.
- #18,515
- in Manufacturing (18,722 peers)
- -0.4%
- assets change YoY
- 23×
- vs typical plan assets (national mean)
The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Lockheed Martin Aerospace Hourly Pension Plan's outsized position by total assets
Lockheed Martin Aerospace Hourly Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$2,339,104,023 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
Lockheed Martin Aerospace Hourly Pension Plan's large-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 Aerospace Hourly Pension Plan lands in the large band (4,011 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Lockheed Martin Aerospace Hourly Pension Plan reported net income rose from -$1.7B in the plan year 2022 filing to -$7M in the plan year 2023 filing.
- Lockheed Martin Aerospace Hourly Pension Plan reported participants fell from 4,519 in the plan year 2022 filing to 4,011 in the plan year 2023 filing.
- Lockheed Martin Aerospace Hourly Pension Plan end-of-year assets fell from $2.3B in the plan year 2022 filing to $2.3B in the plan year 2023 filing.
Plan-year Form 5500 strip
Filing strip 521893632 · Lockheed Martin Corporation PY 2023 · Defined Benefit (Pension)
Lockheed Martin Aerospace Hourly Pension Plan · $2.3B · 4,011 · 99th
- ASSETS $2.3B
- PCT 4,011
- EIN 99th
- RANK Defined Benefit (Pension)
- PHOTO near Massachusetts Laborers' Pension Fund
- IND ind #18515
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 Aerospace Hourly Pension Plan in the asset neighbourhood
Maryland filing particulars
| Total Assets (Beginning of Year) | $2.3B |
|---|---|
| Net Assets (End of Year) | N/A |
| Net Income | -$7M |
| Employer EIN | 521893632 |
| Plan Effective Date | 1951-05-05 |
| Filing Status | FILING 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
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 13 | 161,436 | $72.0B |
| 2023 | 13 | 169,542 | $77.9B |
| 2024 | 12 | 172,051 | $79.7B |
Nearby Defined Benefit (Pension) Plans in Maryland
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- National Electrical Benefit Fund $18.9B · 323,315
- Lockheed Martin Corporation Salaried Employee Retirement Program $18.4B · 19,673
- Major League Baseball Players Pension Plan $4.6B · 1,087
- National Automatic Sprinkler Industry Pension Fund $4.5B · 15,047
- International Painters and Allied Trades Industry Pension Plan $4.2B · 44,973
Lockheed Martin Aerospace Hourly Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Maryland, the nearest Defined Benefit (Pension) by assets is Massachusetts Laborers' Pension Fund in MA ($2.3B); by covered participants it is Johnson Controls Pension Plan in WI (3,999 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.3B here).
- Massachusetts Laborers' Pension Fund (MA) $2.3B · 10,116
- Reynolds and Affiliates Pension Plan (NC) $2.3B · 997
- Ernst & Young Defined Benefit Retirement Plan (NJ) $2.3B · 45,954
- Transamerica Pension Plan (IA) $2.3B · 6,519
Similar participant headcount
Nearest other-state filings by covered participants (4,011 participants); asset peers above are excluded.
- Johnson Controls Pension Plan (WI) 3,999 · 12 off
- Unity Health System Retirement Plan (NY) 4,032 · 21 off
- Operating Eng Cons Ind Misc. Pension Fund (PA) 4,047 · 36 off
- Retirement Accumulation Plan for Partners of Pwc (FL) 3,967 · 44 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.