ESOP · DOL Form 5500 · 2024
Lockheed Martin Corporation ESOP
Data updated 2026-08-25
- $26M
- Total assets Below avg plan size
- 7,492
- Participants Very large workforce
- 75th
- Percentile by assets National rank
- $3,505
- Avg per participant Low balance/head
Official DOL plan name: Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees · Sponsored by Lockheed Martin Corporation · Maryland · Manufacturing
$26M in assets, 7,492 participants
Lockheed Martin Corporation's Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees reported $26M in total assets and 7,492 participants in its 2024 DOL Form 5500 filing, ranking in the 75th 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.
- #11,712 in Manufacturing (17,777 peers)
Coverage in Maryland
Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees covers 7,492 participants in Maryland, 8.1x the typical Maryland plan (state average ~929 per filing). Assets: $26M.
- #11,712
- in Manufacturing (17,777 peers)
- -49.3%
- assets change YoY
- 0.3×
- vs typical plan assets (national mean)
The plan reported a net loss of $149K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees's outsized position by total assets
Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$26,255,833 Top 25% higher than 75% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees's large-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees lands in the large band (7,492 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees reported net income fell from $2M in the plan year 2023 filing to -$149K in the plan year 2024 filing.
- Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees end-of-year assets fell from $52M in the plan year 2023 filing to $26M in the plan year 2024 filing.
- Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees reported participants fell from 10,489 in the plan year 2023 filing to 7,492 in the plan year 2024 filing.
EBSA filing schedule strip
Filing strip 521893632 · Lockheed Martin Corporation PY 2024 · ESOP
Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees · $26M · 7,492 · 75th
- VS-ST $26M
- VS-ST 7,492
- VS-ST 75th
- VS-ST ESOP
- VS-ST near States Logistics Services, Inc. Employee Stock Ownership Plan
- VS-ST ind #11712
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 What is an ESOP? → · Plans in Maryland →
Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees in the asset neighbourhood
Maryland filing particulars
| Total Assets (Beginning of Year) | $52M |
|---|---|
| Net Assets (End of Year) | $26M |
| Net Income | -$149K |
| Employer EIN | 521893632 |
| Plan Effective Date | 1965-12-27 |
| 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 ESOP Plans in Maryland
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Evapco, Inc. Employee Stock Ownership Plan $1.1B · 1,803
- Westat, Inc. Employee Stock Ownership Plan $419M · 3,167
- Kci Technologies, Inc. Employee Stock Ownership Plan $392M · 1,918
- Lockheed Martin Corporation Capital Accumulation Plan $284M · 7,445
- Brown Capital Management ESOP $211M · 35
Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees's out-of-state ESOP peers by assets and headcount
Outside Maryland, the nearest ESOP by assets is States Logistics Services, Inc. Employee Stock Ownership Plan in CA ($26M); by covered participants it is H&m Employee Stock Ownership Plan in NJ (7,661 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($26M here).
Similar participant headcount
Nearest other-state filings by covered participants (7,492 participants); asset peers above are excluded.
- H&m Employee Stock Ownership Plan (NJ) 7,661 · 169 off
- Austin Industries Employee Stock Ownership Plan (TX) 7,703 · 211 off
- Houchens Industries, Inc. Employee Stock Ownership Plan (KY) 7,785 · 293 off
- Friends & Family Prevailing Wage ESOP Retirement Plan (NY) 8,018 · 526 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.