Defined Benefit (Pension) · DOL Form 5500 · 2023

Lockheed Martin Corporation Pension Plan

Data updated 2026-08-11

$951M
Total assets: 986
Participants: 99th
Percentile by assets: $964,280
Avg per participant

Official DOL plan name: Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units · Sponsored by Lockheed Martin Corporation · Maryland · Manufacturing

$951M in assets, 986 participants

Lockheed Martin Corporation's Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units reported $951M in total assets and 986 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)
#18,241 in Manufacturing (18,722 peers)

Where Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units sits by assets

Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units sits among the largest 1% of all filed plans, $951M for 986 participants (~$964,280/participant), up 0.1% in 2023.

$951M
total plan assets (2023 EOY): 986
covered participants: 99th
percentile by assets (of 127,072 plans): $964,280
avg assets per participant

Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units reported net income rose from -$253M in the plan year 2022 filing to $2M in the plan year 2023 filing.
Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units reported participants fell from 1,111 in the plan year 2022 filing to 986 in the plan year 2023 filing.
Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units end-of-year assets rose from $949M in the plan year 2022 filing to $951M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Maryland

Industry

Manufacturing

Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units vs the 2023 asset distribution

By assets, Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units outranks 99% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 9.5x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$949M
Net Assets (End of Year)	$951M
Net Income	$2M
Employer EIN	521893632
Plan Effective Date	1995-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Lockheed Martin Corporation)

Total plan assets by year, all Lockheed Martin Corporation plans on file

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.

Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants

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

Compare Lockheed Martin Corporation Pension Plan… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units by total assets, not by location.

Ball Pension Plan (CO) $951M · 1,506
Vf Corporation Pension Plan (NC) $952M · 140
Thermo Fisher Scientific Inc. Retirement Plan (PA) $947M · 1,679
Children's Hospital Corporation Pension Plan (MA) $946M · 9,284

Frequently Asked Questions

How did Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units assets move in 2023? ▼

Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units held essentially flat - up 0.1% during 2023, from $949M to $951M. Reported net income was $2M.

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 Pension Plan for Employees in Participating Bargaining Units rank by assets among Form 5500 filers? ▼

Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units 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 Defined Benefit (Pension) plans are similar in size to Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Ball Pension Plan in CO ($951M, 1,506 participants).

Next read for Lockheed Martin Corporation Pension Plan…

Scale reading

Ways to act on Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units's numbers.

By total assets, Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) 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

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.