401(k) · DOL Form 5500 · 2024
Lockheed Martin Corporation 401(k) Plan
Data updated 2026-08-06
- $1.2B
- Total assets
- 10,760
- Participants
- 99th
- Percentile by assets
- $108,832
- Avg per participant
Official DOL plan name: Lockheed Martin Corporation Hourly Employee Savings Plan Plus · Sponsored by Lockheed Martin Corporation · Maryland · Manufacturing
$1.2B in assets, 10,760 participants
Lockheed Martin Corporation's Lockheed Martin Corporation Hourly Employee Savings Plan Plus reported $1.2B in total assets and 10,760 participants in its 2024 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 116,472 plans)
- #16,487 in Manufacturing (16,886 peers)
Coverage in Maryland
Lockheed Martin Corporation Hourly Employee Savings Plan Plus covers 10,760 participants in Maryland, 11x the typical Maryland plan (state average ~971 per filing). Assets: $1.2B.
- $1.2B
- total plan assets (2024 EOY)
- 10,760
- covered participants
- 99th
- percentile by assets (of 116,472 plans)
- $108,832
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Lockheed Martin Corporation Hourly Employee Savings Plan Plus reported net income fell from $68M in the plan year 2023 filing to $46M in the plan year 2024 filing.
- Lockheed Martin Corporation Hourly Employee Savings Plan Plus reported participants fell from 15,472 in the plan year 2023 filing to 10,760 in the plan year 2024 filing.
- Lockheed Martin Corporation Hourly Employee Savings Plan Plus end-of-year assets fell from $1.5B in the plan year 2023 filing to $1.2B in the plan year 2024 filing.
Participants vs Maryland filers
In Maryland, the average filing covers about 971 participants across 2,307 plans. Lockheed Martin Corporation Hourly Employee Savings Plan Plus reports 10,760 participants - 11x that state average ($1.2B EOY assets).
Maryland filing particulars
| Total Assets (Beginning of Year) | $1.5B |
|---|---|
| Net Assets (End of Year) | $1.2B |
| Net Income | $46M |
| Employer EIN | 521893632 |
| Plan Effective Date | 1965-12-27 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Lockheed Martin Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 13 | 161,436 | $72.0B |
| 2023 | 13 | 169,542 | $77.9B |
| 2024 | 12 | 172,051 | $79.7B |
Nearby 401(k) Plans in Maryland
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Lockheed Martin Corporation Hourly Employee Savings Plan Plus vs. nearby 401(k) plans in Maryland, assets vs. participants
- Lockheed Martin Corporation Salaried Savings Plan $51.4B · 96,812
- Marriott Retirement Savings Plan $11.7B · 101,417
- T. Rowe Price U.S. Retirement Program $4.9B · 6,639
- Nfl Player Second Career Savings Plan $4.1B · 2,771
- Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees $3.0B · 18,370
Scale composition for Lockheed Martin Corporation Hourly Employee Savings Plan Plus
Lockheed Martin Corporation Hourly Employee Savings Plan Plus reports $1.2B in end-of-year assets across 10,760 participants (0.010% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.012% of 89,805,449 covered participants) - about $108,832 per participant (79% of the national average assets-per-participant) . Net income for plan year 2024 was $46M.
This plan identity (EIN 521893632, plan #018) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.7B to $1.2B (-30.7%) while covered participants moved from 15,941 to 10,760 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 15,941 | $1.7B | Open filing |
| 2023 | 15,472 | $1.5B | Open filing |
| 2024 · index core | 10,760 | $1.2B | This page |
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)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Lockheed Martin Corporation Hourly Employee Savings Plan Plus by total assets, not by location.
- Mylan Profit Sharing 401(k) Plan (PA) $1.2B · 2,542
- Hf Sinclair Corporation 401(k) Retirement Savings Plan (TX) $1.2B · 4,013
- Viasat, Inc. 401(k) Profit Sharing Plan (CA) $1.2B · 4,405
- New York Life Insurance Company Agents Progress- Sharing Investment Plan (NY) $1.2B · 11,238
Frequently Asked Questions
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Filing takeaways
Ways to act on Lockheed Martin Corporation Hourly Employee Savings Plan Plus's numbers.
- By total assets, Lockheed Martin Corporation Hourly Employee Savings Plan Plus ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) 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