Defined Benefit (Pension) · DOL Form 5500 · 2024

Lockheed Martin Corporation Pension Plan

Data updated 2026-07-24

$18.3B
Total assets: 18,014
Participants: 100th
Percentile by assets: $1.0M
Avg per participant

Official DOL plan name: Lockheed Martin Corporation Salaried Employee Retirement Program · Sponsored by Lockheed Martin Corporation · Maryland · Manufacturing

$18.3B in assets, 18,014 participants

Lockheed Martin Corporation's Lockheed Martin Corporation Salaried Employee Retirement Program reported $18.3B in total assets and 18,014 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

Lockheed Martin Corporation Salaried Employee Retirement Program covers 18,014 participants in Maryland, 19x the typical Maryland plan (state average ~971 per filing). Assets: $18.3B.

$18.3B
total plan assets (2024 EOY): 18,014
covered participants: 100th
percentile by assets (of 116,472 plans): $1.0M
avg assets per participant

The plan reported a net loss of $167M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Lockheed Martin Corporation Salaried Employee Retirement Program reported net income rose from -$400M in the plan year 2023 filing to -$167M in the plan year 2024 filing.
Lockheed Martin Corporation Salaried Employee Retirement Program reported participants fell from 19,673 in the plan year 2023 filing to 18,014 in the plan year 2024 filing.
Lockheed Martin Corporation Salaried Employee Retirement Program end-of-year assets fell from $18.4B in the plan year 2023 filing to $18.3B 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 Salaried Employee Retirement Program reports 18,014 participants - 19x that state average ($18.3B EOY assets).

Maryland filing particulars

Total Assets (Beginning of Year)	$18.4B
Net Assets (End of Year)	$18.3B
Net Income	-$167M
Employer EIN	521893632
Plan Effective Date	1942-12-31
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.

Lockheed Martin Corporation Salaried Employee Retirement Program vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants

National Electrical Benefit Fund $20.4B · 332,362
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
International Painters and Allied Trades Industry Pension Plan $4.5B · 45,029

Compare Lockheed Martin Corporation Salaried Emp… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Lockheed Martin Corporation Salaried Employee Retirement Program by total assets, not by location.

IBM Personal Pension Plan (NY) $17.9B · 48,014
Ford Motor Company UAW Retirement Plan (MI) $17.8B · 25,742
Northrop Grumman Pension Plan (VA) $18.8B · 12,678
Pacific Gas and Electric Company Retirement Plan (CA) $17.6B · 27,500

Frequently Asked Questions

How did Lockheed Martin Corporation Salaried Employee Retirement Program assets move in 2024? ▼

Lockheed Martin Corporation Salaried Employee Retirement Program held essentially flat - down 0.9% during 2024, from $18.4B to $18.3B. Reported net income was -$167M.

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 Salaried Employee Retirement Program rank by assets among Form 5500 filers? ▼

Lockheed Martin Corporation Salaried Employee Retirement Program 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 Lockheed Martin Corporation Salaried Employee Retirement Program? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is IBM Personal Pension Plan in NY ($17.9B, 48,014 participants).

Next read for Lockheed Martin Corporation Salaried Emp…

Filing takeaways

Ways to act on Lockheed Martin Corporation Salaried Employee Retirement Program's numbers.

By total assets, Lockheed Martin Corporation Salaried Employee Retirement Program 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.