Defined Benefit (Pension) · DOL Form 5500 · 2023
Lockheed Martin Corporation Pension Plan
Data updated 2026-08-25
- $1.1B
- Total assets Very large vs avg
- N/A
- Participants Small participant base
- 99th
- Percentile by assets National rank
Official DOL plan name: Lockheed Martin Corporation Pension Plan for Specified Retirees · Sponsored by Lockheed Martin Corporation · Maryland · Manufacturing
$1.1B in assets, N/A participants
Lockheed Martin Corporation's Lockheed Martin Corporation Pension Plan for Specified Retirees reported $1.1B in total assets and N/A 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.
- #18,296 in Manufacturing (18,722 peers)
Where Lockheed Martin Corporation Pension Plan for Specified Retirees sits by assets
Lockheed Martin Corporation Pension Plan for Specified Retirees sits among the largest 1% of all filed plans, $1.1B for N/A participants, down 3.4% in 2023.
- #18,296
- in Manufacturing (18,722 peers)
- -3.4%
- assets change YoY
- 11×
- vs typical plan assets (national mean)
The plan reported a net loss of $38M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Lockheed Martin Corporation Pension Plan for Specified Retirees's outsized position by total assets
Lockheed Martin Corporation Pension Plan for Specified Retirees vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$1,087,135,837 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
Filed plans by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Lockheed Martin Corporation Pension Plan for Specified Retirees reported net income rose from -$376M in the plan year 2022 filing to -$38M in the plan year 2023 filing.
- Lockheed Martin Corporation Pension Plan for Specified Retirees end-of-year assets fell from $1.1B in the plan year 2022 filing to $1.1B in the plan year 2023 filing.
Plan-year Form 5500 strip
Filing strip 521893632 · Lockheed Martin Corporation PY 2023 · Defined Benefit (Pension)
Lockheed Martin Corporation Pension Plan for Specified Retirees · $1.1B · N/A · 99th
- PCT $1.1B
- EIN N/A
- RANK 99th
- PHOTO Defined Benefit (Pension)
- IND near Chevron Phillips Chemical Company LP Retirement Plan
- EOY ind #18296
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 Pension Plan for Specified Retirees in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $1.1B |
|---|---|
| Net Assets (End of Year) | $1.1B |
| Net Income | -$38M |
| Employer EIN | 521893632 |
| Plan Effective Date | 2018-12-31 |
| 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 Corporation Pension Plan for Specified Retirees's closest out-of-state Defined Benefit (Pension) peers by assets
Outside Maryland, the nearest Defined Benefit (Pension) by end-of-year assets is Chevron Phillips Chemical Company LP Retirement Plan in TX at $1.1B (this filing: $1.1B).
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.1B here).
- Chevron Phillips Chemical Company LP Retirement Plan (TX) $1.1B · 4,165
- Construction Laborers Pension Trust of Greater St. (MO) $1.1B · 3,491
- The Cchs Retirement Plan (OH) $1.1B · 13,403
- Paul Hastings LLP Defined Benefit Retirement Plan for Partners (CA) $1.1B · 251
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.