Defined Benefit (Pension) · DOL Form 5500 · 2024
Lockheed Martin Corporation Pension Plan
Data updated 2026-07-24
- $908M
- Total assets
- 894
- Participants
- 98th
- Percentile by assets
- $1.0M
- Avg per participant
Official DOL plan name: Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units · Sponsored by Lockheed Martin Corporation · Maryland · Manufacturing
$908M in assets, 894 participants
Lockheed Martin Corporation's Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units reported $908M in total assets and 894 participants in its 2024 DOL Form 5500 filing, ranking in the 98th 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.
- 98th percentile by assets (of 116,472 plans)
Where Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units sits by assets
Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units sits in the top 5% of all filed plans by assets, $908M for 894 participants (~$1.0M/participant), down 4.5% in 2024.
- $908M
- total plan assets (2024 EOY)
- 894
- covered participants
- 98th
- percentile by assets (of 116,472 plans)
- $1.0M
- avg assets per participant
The plan reported a net loss of $43M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units reported net income fell from $2M in the plan year 2023 filing to -$43M in the plan year 2024 filing.
- Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units reported participants fell from 986 in the plan year 2023 filing to 894 in the plan year 2024 filing.
- Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units end-of-year assets fell from $951M in the plan year 2023 filing to $908M in the plan year 2024 filing.
Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units vs the 2024 asset distribution
By assets, Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units outranks 98% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 9.1x the national average plan size of $100M (730 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $951M |
|---|---|
| Net Assets (End of Year) | $908M |
| Net Income | -$43M |
| Employer EIN | 521893632 |
| Plan Effective Date | 1995-01-01 |
| 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 Defined Benefit (Pension) Plans in Maryland
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants
- National Electrical Benefit Fund $20.4B · 332,362
- Lockheed Martin Corporation Salaried Employee Retirement Program $18.3B · 18,014
- Bakery & Confectionery Union & Industry International Pension Fund $6.6B · 14,954
- National Automatic Sprinkler Industry Pension Fund $4.8B · 15,964
- Major League Baseball Players Pension Plan $4.8B · 1,091
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units by total assets, not by location.
- Nationwide Retirement Plan - Account Balance (OH) $908M · 18,007
- Employees' Retirement Plan of the National Education Association (DC) $910M · 988
- Vf Corporation Pension Plan (NC) $906M · 121
- Advance Pension Plan (NY) $911M · 626
Frequently Asked Questions
How did Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units assets move in 2024? ▼
How have Lockheed Martin Corporation plan assets changed over time? ▼
Where does Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units? ▼
Next read for Lockheed Martin Corporation Pension Plan…
Scale reading
Ways to act on Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units's numbers.
- By total assets, Lockheed Martin Corporation Pension Plan for Employees in Participating Bargaining Units ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) 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.