State retirement profile · Form 5500

Retirement Plans in Maryland

According to DOL Form 5500 filings (plan year 2024), employer-sponsored 401(k), pension, and other retirement plans headquartered in Maryland report the totals below.

Data updated 2026-08-25

2,484
Plans
$304.0B
Total assets
#17
By assets

$304.0B across 2,484 plans

According to DOL Form 5500 filings (plan year 2024), Maryland has 2,484 employer-sponsored retirement plans holding $304.0B in total assets for 2,308,631 participants, ranking 17th nationally by plan assets, with 71% structured as 401(k)s and an average of $122M per plan.

  • 17th nationally by plan assets
  • 71% 401(k) plans

The state in one line

Maryland hosts 2,484 employer-sponsored retirement plans holding $304.0B for 2,308,631 participants, the 17th-largest state by plan assets.

$304.0B
total plan assets
2,484
employer plans
$131,698
avg assets per participant
71%
of plans are 401(k)s
401(k) Plans
1,772
Participants
2,308,631

What the Form 5500 Data Shows for Maryland

Maryland: 2,484 employer-sponsored plans (1,772 401(k)), $304.0B aggregate assets, 2,308,631 participants. Average plan: $122M; largest is Lockheed Martin Corporation Salaried Savings Plan at $51.4B. Leading sector by assets: Manufacturing (32%). These figures aggregate the 2,484 Form 5500 filings Maryland sponsors submitted for plan year 2024, counted by sponsor headquarters rather than participant residence; a plan administered in Maryland can cover workers across several states, and the methodology page details that HQ-vs-residence distinction. DOL Form 5500 methodology + HQ-vs-residence caveats →

Lockheed Martin Corporation Salaried Savings Plan accounts for 16.9% of all Maryland retirement plan assets

That concentration means Maryland-wide averages can mask substantial variation outside the dominant entity. Lockheed Martin Corporation sponsors the filing; drill into the plan page for schedules and audit detail. When one entity dominates a region's footprint, its programmatic and budget decisions effectively set policy for a majority of participants counted in this state total.

DOL Form 5500 plan year 2024

Manufacturing leads Maryland plan assets (32%)

Among plans headquartered here, Manufacturing accounts for $97.1B across 193 filings, ahead of Construction at $64.5B. Sector mix is a Form 5500-derived signal: it reflects where sponsors file from, not where every participant lives.

DOL Form 5500 plan year 2024

Maryland hosts 96 ESOP filings

Employee Stock Ownership Plans here hold $4.4B. ESOP density is uneven across states; when the count clears a meaningful floor, the ESOP ranking and industry pages are the better drill-downs than a 401(k)-only read.

DOL Form 5500 plan year 2024

Where Maryland sits in the Form 5500 corpus

Maryland ranks in the upper half by plan assets (#17 of 56). Its totals are large enough for industry-mix and largest-plan concentration to matter more than the headline alone.

DOL Form 5500 plan year 2024

Maryland's place in the national asset distribution

All states with reported Form 5500 plan assets · plan year 2024

$304,041,060,744 Top 29% higher than 71% of 56 states with reported plan assets

Maryland $0 $1,324,371,844,360 state retirement-plan assets, bucketed by value

Dashed line + filled bar = this entry, among states with reported plan assets.

Source U.S. Department of Labor, EBSA Form 5500 public disclosure dataset · plan year 2024

Maryland's retirement-plan mix

1. 401(k)1,7722. Profit Sharing2753. Other1624. Defined Benefit (Pension)1505. ESOP96
The five most common Form 5500 plan types among sponsors headquartered in Maryland. This count describes filings, not participants or assets.

Source: U.S. Department of Labor, EBSA Form 5500 public disclosure dataset · plan year 2024.

Industry mix in Maryland

Top sectors by Form 5500 plan assets for sponsors headquartered here (plan year 2024).

Industry Plans Assets
Manufacturing 193 $97.1B
Construction 248 $64.5B
Professional & Technical Services 589 $28.2B
Healthcare & Social Assistance 359 $21.7B
Arts, Entertainment & Recreation 57 $19.6B

Largest Plans in Maryland

# Plan Name Type Participants Total Assets
1 Lockheed Martin Corporation Salaried Savings Plan 401(k) 96,812 $51.4B
2 National Electrical Benefit Fund Defined Benefit (Pension) 332,362 $20.4B
3 Lockheed Martin Corporation Salaried Employee Retirement Program Defined Benefit (Pension) 18,014 $18.3B
4 National Electrical Annuity Plan Money Purchase 86,141 $18.1B
5 Marriott Retirement Savings Plan 401(k) 101,417 $11.7B
6 Johns Hopkins University 403(b) Plan Other 25,833 $8.8B
7 Bakery & Confectionery Union & Industry International Pension Fund Defined Benefit (Pension) 14,954 $6.6B
8 T. Rowe Price U.S. Retirement Program 401(k) 6,639 $4.9B
9 National Automatic Sprinkler Industry Pension Fund Defined Benefit (Pension) 15,964 $4.8B
10 Major League Baseball Players Pension Plan Defined Benefit (Pension) 1,091 $4.8B
11 International Painters and Allied Trades Industry Pension Plan Defined Benefit (Pension) 45,029 $4.5B
12 Nfl Player Second Career Savings Plan 401(k) 2,771 $4.1B
13 Bert Bell/Pete Rozelle Nfl Player Retirement Plan Defined Benefit (Pension) 2,463 $4.0B
14 Medstar Health, Inc. Retirement Savings Plan Other 32,983 $3.5B
15 Sprinkler Industry Supplemental Pension Fund Profit Sharing 28,393 $3.3B
16 Retirement Plan for Certain Represented Employees Defined Benefit (Pension) 6,769 $3.2B
17 The Johns Hopkins University Applied Physics Laboratory Pension Plan B Other 9,501 $3.0B
18 Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees 401(k) 18,370 $3.0B
19 The Johns Hopkins University Applied Physics Laboratory Pension Plan a Money Purchase 8,190 $3.0B
20 Sodexo 401 (K) Employees' Retirement Savings Plan and Trust 401(k) 86,365 $2.4B
21 Johns Hopkins Health System Corporation Retirement Plan Defined Benefit (Pension) 6,555 $2.3B
22 The National Football League Club Employees Pension Plan Defined Benefit (Pension) 4,720 $2.2B
23 Allegis Group, Inc. Retirement Savings Plan One 401(k) 24,457 $2.2B
24 Seafarers Pension Plan Defined Benefit (Pension) 7,182 $2.1B
25 Howard Hughes Medical Institute Retirement Savings Plan Other 2,666 $2.0B

Nearby States by Retirement Plan Footprint

States ranked adjacent to Maryland by total retirement plan assets.

Compare Maryland side-by-side with 3 peer states →

Nationwide states with similar retirement plan scale

Two DOL Form 5500-derived peer sets for Maryland, each a different nationwide metric so the neighborhoods are not geographic containment (the asset-ranked nearby list above stays regional).

Similar plan count

Nearest other states by reported employer plan filings (2,484 here).

Tennessee 2,384 plans Washington 2,612 plans Arizona 2,304 plans Indiana 2,302 plans

Similar total assets

Nearest other states by aggregate plan assets ($304.0B here).

Florida $313.0B Connecticut $326.8B North Carolina $357.4B Missouri $232.3B

Frequently Asked Questions

What is the largest retirement plan headquartered in Maryland? ▼
The largest Form 5500 filing by assets with a headquarters address in Maryland is Lockheed Martin Corporation Salaried Savings Plan ($51.4B, 96,812 participants).
How concentrated are Maryland retirement plan assets? ▼
Lockheed Martin Corporation Salaried Savings Plan alone accounts for about 17% of the state's Form 5500 plan assets in plan year 2024. State averages can mask that concentration.
Which industry leads Maryland retirement plan assets? ▼
Manufacturing leads with $97.1B across 193 plans headquartered here (32% of state plan assets).
How does Maryland compare to other states for retirement plans? ▼
Maryland ranks in the upper half by plan assets (#17 of 56). Its totals are large enough for industry-mix and largest-plan concentration to matter more than the headline alone.

Next read for Maryland

Concentration reading

Ways to act on Maryland's numbers.

Source: U.S. Department of Labor, EBSA Form 5500 public disclosure dataset. Shows the top 25 plans by total assets headquartered in Maryland, out of 130,145 ERISA-covered plans nationally. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - state is the plan sponsor's headquarters state as recorded on the Form 5500 filing.

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.