Defined Benefit (Pension) · DOL Form 5500 · 2023

Lockheed Martin Corporation Pension Plan

Data updated 2026-08-25

$3.4B
Total assets Very large vs avg
3,559
Participants Above avg headcount
100th
Percentile by assets National rank
$944,041
Avg per participant High balance/head
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Official DOL plan name: Retirement Plan for Certain Represented Employees · Sponsored by Lockheed Martin Corporation · Maryland · Manufacturing

$3.4B in assets, 3,559 participants

Lockheed Martin Corporation's Retirement Plan for Certain Represented Employees reported $3.4B in total assets and 3,559 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.

  • #18,564 in Manufacturing (18,722 peers)

Coverage in Maryland

Retirement Plan for Certain Represented Employees covers 3,559 participants in Maryland, 3.8x the typical Maryland plan (state average ~929 per filing). Assets: $3.4B.

#18,564
in Manufacturing (18,722 peers)
+230.1%
assets growth YoY
34×
vs typical plan assets (national mean)

Retirement Plan for Certain Represented Employees's outsized position by total assets

Retirement Plan for Certain Represented Employees vs every filed plan by assets

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

$3,359,842,841 Highest reported value at or above every one 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

Retirement Plan for Certain Represented Employees'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. Retirement Plan for Certain Represented Employees lands in the large band (3,559 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Retirement Plan for Certain Represented Employees end-of-year assets rose from $1.0B in the plan year 2022 filing to $3.4B in the plan year 2023 filing.
  • Retirement Plan for Certain Represented Employees reported net income rose from -$263M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Retirement Plan for Certain Represented Employees reported participants fell from 3,656 in the plan year 2022 filing to 3,559 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 521893632 · Lockheed Martin Corporation PY 2023 · Defined Benefit (Pension)

Retirement Plan for Certain Represented Employees · $3.4B · 3,559 · 100th

  • BOY $3.4B
  • BOY 3,559
  • BOY 100th
  • BOY Defined Benefit (Pension)
  • BOY near Duke Energy Legacy Pension Plan
  • BOY ind #18564

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 →

Retirement Plan for Certain Represented Employees in the asset neighbourhood

Emerson Electric Company Retirement PlanEmerson Electric Company Ret…$3.4BGeorgia-Pacific LLC Hourly Pension PlanGeorgia-Pacific LLC Hourly P…$3.4BDuke Energy Legacy Pension PlanDuke Energy Legacy Pension P…$3.4BRetirement Plan for Certain Represented EmployeesRetirement Plan for Certain …$3.4BAmerican International Group Inc Retirement PlanAmerican International Group…$3.3B
End-of-year total assets ($B) among Retirement Plan for Certain Represented Employees and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Maryland filing particulars

Total Assets (Beginning of Year)$1.0B
Net Assets (End of Year)$3.4B
Net Income$3M
Employer EIN521893632
Plan Effective Date2015-11-06
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 Defined Benefit (Pension) Plans in Maryland

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Retirement Plan for Certain Represented Employees vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 05101520 Total assets ($B) Participants Retirement Plan for Certain Represented Employees, Total assets ($B): 3.359842841 · Participants: 3559Retirement Plan for Certain Represented EmployeesNational Electrical Benefit Fund, Total assets ($B): 18.88881693 · Participants: 323315National Electrical Benefit FundLockheed Martin Corporation Salaried Employee Retirement Program, Total assets ($B): 18.434547593 · Participants: 19673Lockheed Martin Corporation Salaried Employee Retirement ProgramMajor League Baseball Players Pension Plan, Total assets ($B): 4.648661647 · Participants: 1087Major League Baseball Players Pension PlanNational Automatic Sprinkler Industry Pension Fund, Total assets ($B): 4.493297428 · Participants: 15047National Automatic Sprinkler Industry Pension FundInternational Painters and Allied Trades Industry Pension Plan, Total assets ($B): 4.223547088 · Participants: 44973International Painters and Allied Trades Industry Pension Plan
Retirement Plan for Certain Represented Employees vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants
Compare Retirement Plan for Certain Represented Employees side-by-side with 3 peers →

Retirement Plan for Certain Represented Employees's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Maryland, the nearest Defined Benefit (Pension) by assets is Duke Energy Legacy Pension Plan in NC ($3.4B); by covered participants it is Emory Healthcare, Inc. Retirement Plan 2 in GA (3,560 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($3.4B here).

Similar participant headcount

Nearest other-state filings by covered participants (3,559 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 Retirement Plan for Certain Represented Employees assets move in 2023? ▼
Retirement Plan for Certain Represented Employees surged - up 230.1% during 2023, from $1.0B to $3.4B. Reported net income was $3M.
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 Retirement Plan for Certain Represented Employees rank by assets among Form 5500 filers? ▼
Retirement Plan for Certain Represented Employees ranks in the 100th 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 Retirement Plan for Certain Represented Employees? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Duke Energy Legacy Pension Plan in NC ($3.4B, 371 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Retirement Plan for Certain Represented Employees? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Emory Healthcare, Inc. Retirement Plan 2 in GA (3,560 participants, $272M 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.