Defined Benefit (Pension) · DOL Form 5500 · 2023
Lockheed Martin Corporation Pension Plan
Data updated 2026-08-25
- $18.4B
- Total assets Mega-plan scale
- 19,673
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $937,048
- Avg per participant High balance/head
Official DOL plan name: Lockheed Martin Corporation Salaried Employee Retirement Program · Sponsored by Lockheed Martin Corporation · Maryland · Manufacturing
$18.4B in assets, 19,673 participants
Lockheed Martin Corporation's Lockheed Martin Corporation Salaried Employee Retirement Program reported $18.4B in total assets and 19,673 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.
- #18,702 in Manufacturing (18,722 peers)
Coverage in Maryland
Lockheed Martin Corporation Salaried Employee Retirement Program covers 19,673 participants in Maryland, 21x the typical Maryland plan (state average ~929 per filing). Assets: $18.4B.
- #18,702
- in Manufacturing (18,722 peers)
- -2.2%
- assets change YoY
- 185×
- vs typical plan assets (national mean)
The plan reported a net loss of $400M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Lockheed Martin Corporation Salaried Employee Retirement Program's outsized position by total assets
Lockheed Martin Corporation Salaried Employee Retirement Program vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$18,434,547,593 Highest reported value at or above every one 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 Corporation Salaried Employee Retirement Program's mega-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 Corporation Salaried Employee Retirement Program is a mega filing (19,673 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Lockheed Martin Corporation Salaried Employee Retirement Program reported net income rose from -$9.7B in the plan year 2022 filing to -$400M in the plan year 2023 filing.
- Lockheed Martin Corporation Salaried Employee Retirement Program reported participants fell from 21,647 in the plan year 2022 filing to 19,673 in the plan year 2023 filing.
- Lockheed Martin Corporation Salaried Employee Retirement Program end-of-year assets fell from $18.8B in the plan year 2022 filing to $18.4B in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 521893632 · Lockheed Martin Corporation PY 2023 · Defined Benefit (Pension)
Lockheed Martin Corporation Salaried Employee Retirement Program · $18.4B · 19,673 · 100th
- RANK $18.4B
- PHOTO 19,673
- IND 100th
- EOY Defined Benefit (Pension)
- 5500 near Pacific Gas and Electric Company Retirement Plan
- ASSETS ind #18702
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 Salaried Employee Retirement Program in the asset neighbourhood
Maryland filing particulars
| Total Assets (Beginning of Year) | $18.8B |
|---|---|
| Net Assets (End of Year) | $18.4B |
| Net Income | -$400M |
| Employer EIN | 521893632 |
| Plan Effective Date | 1942-12-31 |
| 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
- 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
- Bert Bell/Pete Rozelle Nfl Player Retirement Plan $3.9B · 2,484
Scale composition for Lockheed Martin Corporation Salaried Employee Retirement Program
Lockheed Martin Corporation Salaried Employee Retirement Program reports $18.4B in end-of-year assets across 19,673 participants (0.15% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.021% of 93,925,755 covered participants) - about $937,048 per participant (6.8x the national average assets-per-participant) . Net income for plan year 2023 was -$400M.
This plan identity (EIN 521893632, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $18.8B to $18.3B (-3.0%) while covered participants moved from 21,647 to 18,014 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 21,647 | $18.8B | Open filing |
| 2023 | 19,673 | $18.4B | This page |
| 2024 · index core | 18,014 | $18.3B | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Lockheed Martin Corporation Salaried Savings Plan (401(k), $51.4B, 96,812 participants)
- Lockheed Martin Corporation Salaried Employee Retirement Program (Defined Benefit (Pension), $18.3B, 18,014 participants)
- Retirement Plan for Certain Represented Employees (Defined Benefit (Pension), $3.2B, 6,769 participants)
- Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees (401(k), $3.0B, 18,370 participants)
Lockheed Martin Corporation Salaried Employee Retirement Program's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Maryland, the nearest Defined Benefit (Pension) by assets is Pacific Gas and Electric Company Retirement Plan in CA ($18.0B); by covered participants it is New York State Nurses Association Pension Plan in NY (19,697 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($18.4B here).
- Pacific Gas and Electric Company Retirement Plan (CA) $18.0B · 25,647
- Northrop Grumman Pension Plan (VA) $19.1B · 13,674
- The Bank of America Pension Plan (RI) $19.2B · 56,519
- Ford Motor Company UAW Retirement Plan (MI) $19.3B · 26,442
Similar participant headcount
Nearest other-state filings by covered participants (19,673 participants); asset peers above are excluded.
- New York State Nurses Association Pension Plan (NY) 19,697 · 24 off
- The Legacy Plan of the Unite Here Retirement Fund (NY) 19,570 · 103 off
- Bjc Pension Plan (MO) 19,553 · 120 off
- Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. (CA) 19,545 · 128 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.