Defined Benefit (Pension) · DOL Form 5500 · 2024
Lockheed Martin Corporation Pension Plan
Data updated 2026-08-25
- $3.2B
- Total assets Very large vs avg
- 6,769
- Participants Above avg headcount
- 100th
- Percentile by assets National rank
- $472,829
- Avg per participant High balance/head
Official DOL plan name: Retirement Plan for Certain Represented Employees · Sponsored by Lockheed Martin Corporation · Maryland · Manufacturing
$3.2B in assets, 6,769 participants
Lockheed Martin Corporation's Retirement Plan for Certain Represented Employees reported $3.2B in total assets and 6,769 participants in its 2024 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.
- #17,612 in Manufacturing (17,777 peers)
Coverage in Maryland
Retirement Plan for Certain Represented Employees covers 6,769 participants in Maryland, 7.3x the typical Maryland plan (state average ~929 per filing). Assets: $3.2B.
- #17,612
- in Manufacturing (17,777 peers)
- -4.7%
- assets change YoY
- 32×
- vs typical plan assets (national mean)
The plan reported a net loss of $160M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Retirement Plan for Certain Represented Employees's outsized position by total assets
Retirement Plan for Certain Represented Employees vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$3,200,577,585 Highest reported value at or above every one 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
Retirement Plan for Certain Represented 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. Retirement Plan for Certain Represented Employees lands in the large band (6,769 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Retirement Plan for Certain Represented Employees reported net income fell from $3M in the plan year 2023 filing to -$160M in the plan year 2024 filing.
- Retirement Plan for Certain Represented Employees reported participants rose from 3,559 in the plan year 2023 filing to 6,769 in the plan year 2024 filing.
- Retirement Plan for Certain Represented Employees end-of-year assets fell from $3.4B in the plan year 2023 filing to $3.2B in the plan year 2024 filing.
DOL schedule card
Filing strip 521893632 · Lockheed Martin Corporation PY 2024 · Defined Benefit (Pension)
Retirement Plan for Certain Represented Employees · $3.2B · 6,769 · 100th
- PCT $3.2B
- PCT 6,769
- PCT 100th
- PCT Defined Benefit (Pension)
- PCT near Minnesota Laborers Pension Fund
- PCT ind #17612
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 →
Retirement Plan for Certain Represented Employees in the asset neighbourhood
Maryland filing particulars
| Total Assets (Beginning of Year) | $3.4B |
|---|---|
| Net Assets (End of Year) | $3.2B |
| Net Income | -$160M |
| Employer EIN | 521893632 |
| Plan Effective Date | 2015-11-06 |
| 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 $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
Scale composition for Retirement Plan for Certain Represented Employees
Retirement Plan for Certain Represented Employees reports $3.2B in end-of-year assets across 6,769 participants (0.026% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $472,829 per participant (3.4x the national average assets-per-participant) . Net income for plan year 2024 was -$160M.
This plan identity (EIN 521893632, plan #068) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.0B to $3.2B (+214.4%) while covered participants moved from 3,656 to 6,769 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 3,656 | $1.0B | Open filing |
| 2023 | 3,559 | $3.4B | Open filing |
| 2024 · index core | 6,769 | $3.2B | 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)
- Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees (401(k), $3.0B, 18,370 participants)
- Lockheed Martin Aerospace Hourly Pension Plan (Defined Benefit (Pension), $2.3B, 4,011 participants)
Retirement Plan for Certain Represented Employees's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Maryland, the nearest Defined Benefit (Pension) by assets is Minnesota Laborers Pension Fund in MN ($3.2B); by covered participants it is Linde U.S. Pension Plan in CT (6,738 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($3.2B here).
- Minnesota Laborers Pension Fund (MN) $3.2B · 10,089
- M&t Bank Corporation Pension Plan (NY) $3.2B · 3,825
- Bae Systems Employees' Retirement Plan (VA) $3.2B · 8,058
- Sentara Pension Plan (VA) $3.2B · 17,156
Similar participant headcount
Nearest other-state filings by covered participants (6,769 participants); asset peers above are excluded.
- Linde U.S. Pension Plan (CT) 6,738 · 31 off
- Ng Space&mission Systems Corp Salaried Pension Pla (VA) 6,737 · 32 off
- Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan (MI) 6,733 · 36 off
- Smithfield Foods Hourly Pension Plan (VA) 6,816 · 47 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.