Defined Benefit (Pension) · DOL Form 5500 · 2024

Lockheed Martin Corporation Pension Plan

Data updated 2026-07-24

$3.2B
Total assets: 6,769
Participants: 100th
Percentile by assets: $472,829
Avg per participant

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.

100th percentile by assets (of 116,472 plans)

Coverage in Maryland

Retirement Plan for Certain Represented Employees covers 6,769 participants in Maryland, 7.0x the typical Maryland plan (state average ~971 per filing). Assets: $3.2B.

$3.2B
total plan assets (2024 EOY): 6,769
covered participants: 100th
percentile by assets (of 116,472 plans): $472,829
avg assets per participant

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 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.

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. Retirement Plan for Certain Represented Employees reports 6,769 participants - 7.0x that state average ($3.2B EOY assets).

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)

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 Defined Benefit (Pension) Plans in Maryland

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Retirement Plan for Certain Represented Employees 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

Compare Retirement Plan for Certain Represented … side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Retirement Plan for Certain Represented Employees by total assets, not by location.

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

Frequently Asked Questions

How did Retirement Plan for Certain Represented Employees assets move in 2024? ▼

Retirement Plan for Certain Represented Employees edged down modestly - down 4.7% during 2024, from $3.4B to $3.2B. Reported net income was -$160M.

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 Retirement Plan for Certain Represented Employees rank by assets among Form 5500 filers? ▼

Retirement Plan for Certain Represented Employees ranks in the 100th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).

Which Defined Benefit (Pension) plans are similar in size to Retirement Plan for Certain Represented Employees? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Minnesota Laborers Pension Fund in MN ($3.2B, 10,089 participants).

Next read for Retirement Plan for Certain Represented …

Filing takeaways

Ways to act on Retirement Plan for Certain Represented Employees's numbers.

By total assets, Retirement Plan for Certain Represented Employees ranks among the largest 1% of all filed plans. 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.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.