Lockheed Martin Corporation Salaried Employee Retirement Program

Defined Benefit (Pension) · DOL Form 5500 · 2023

What the Filing Says About Lockheed Martin Corporation Salaried Employee Retirement Program

Lockheed Martin Corporation Salaried Employee Retirement Program is a Defined Benefit (Pension) retirement plan sponsored by Lockheed Martin Corporation, headquartered in Maryland. According to the U.S. Department of Labor's 2023 Form 5500 filing, the plan reports $18.4B in total end-of-year assets and covers 19,673 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 521893632, and the plan has been effective since 1942-12-31. Its filing status is currently FILING RECEIVED.

Year over year, total assets edged down modestly from $18.8B at the beginning of 2023 to $18.4B at year-end - down 2.2%. Net assets (after liabilities) closed the year at $18.4B, with reported net income of -$400M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Across the 3 plan years Lockheed Martin Corporation has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $72.0B to $79.7B, a gain of 10.8%, while reported participants moved from 161,436 to 172,051 (+6.6%). The strongest year on file by total sponsor assets was 2024 at $79.7B; the softest was 2022 at $72.0B. Year-by-year, sponsor-wide filings show: 2022 - $72.0B in assets across 13 plans covering 161,436 participants; 2023 - $77.9B in assets across 13 plans covering 169,542 participants; 2024 - $79.7B in assets across 12 plans covering 172,051 participants.

By assets, Lockheed Martin Corporation Salaried Employee Retirement Program outranks nearly all the 126,618 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 184x the national average plan size of $100M and 730 average participants.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

How the percentile is calculated: we count every plan that filed a 2023 Form 5500 with a reported end-of-year asset figure (126,618 plans), rank Lockheed Martin Corporation Salaried Employee Retirement Program against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.