ESOP · DOL Form 5500 · 2024

Lockheed Martin Corporation ESOP

Data updated 2026-07-24

$26M
Total assets: 7,492
Participants: 75th
Percentile by assets: $3,505
Avg per participant

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.

75th percentile by assets (of 116,472 plans)

Coverage in Maryland

Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees covers 7,492 participants in Maryland, 7.7x the typical Maryland plan (state average ~971 per filing). Assets: $26M.

$26M
total plan assets (2024 EOY): 7,492
covered participants: 75th
percentile by assets (of 116,472 plans): $3,505
avg assets per participant

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 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.

See the national 2023→2024 release diff →

State

Maryland

Industry

Manufacturing

Participants vs Maryland filers

In Maryland, the average filing covers about 971 participants across 2,307 plans. Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees reports 7,492 participants - 7.7x that state average ($26M EOY assets).

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)

Total plan assets by year, all Lockheed Martin Corporation plans on file

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.

Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees vs. nearby ESOP plans in Maryland, assets vs. participants

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

Compare Lockheed Martin Corporation Basic Benefi… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees by total assets, not by location.

States Logistics Services, Inc. Employee Stock Ownership Plan (CA) $26M · 626
Pipe Distributors, Inc. Employee Stock Ownership Plan (TX) $26M · 44
Hart Howerton Employee Stock Ownership Plan (CA) $26M · 128
Bognet Construction Associates Inc. Employee Stock Ownership Plan (VA) $26M · 51

Frequently Asked Questions

How did Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees assets move in 2024? ▼

Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees contracted severely - down 49.3% during 2024, from $52M to $26M. Reported net income was -$149K.

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 Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees rank by assets among Form 5500 filers? ▼

Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees ranks in the 75th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).

Which ESOP plans are similar in size to Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees? ▼

Among ESOP plans in other states, the closest by assets is States Logistics Services, Inc. Employee Stock Ownership Plan in CA ($26M, 626 participants).

Next read for Lockheed Martin Corporation Basic Benefi…

Filing takeaways

Ways to act on Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees's numbers.

By total assets, Lockheed Martin Corporation Basic Benefit Plan for Hourly Employees ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP 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

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.