Department of Labor filing
Spot something wrong?Lockheed Martin 401(k) plan
4 retirement plans combined · For the plan year ended Dec 31, 2024
Legal plan sponsor: LOCKHEED MARTIN CORPORATION
Latest public filing 2024 · received Jul 28, 2025Current benefit source Lockheed Martin Corporation Salaried Savings Plan — 2025 Form 11-K · dated Dec 31, 2025
Plan summary
Start with the match, vesting, and fees
Strong
This looks strong based on reviewed current plan terms. We have 7 of 7 key current terms documented. Keep checking the source links because plan rules can change.
Why: The employer match is competitive. You own the match immediately. Reported employer money is near the middle of its peer group.
78Benefit score
from current terms
from current terms
7/7Complete current-term coverage
documented
documented
See what drives the benefit quality score
This separate score uses reviewed current terms only. It requires the employer contribution plus at least three other documented benefit measures. Missing terms are excluded, not treated as poor benefits.
Lockheed Martin matches 50% of contributions up to 8% of base pay—a maximum match equal to 4% of base pay.
Check the source ↓Assumes you contribute enough to earn the full match (8% of pay). Eligibility and annual limits can change the amount.
Your contributions and Lockheed Martin's matching contributions are immediately 100% vested.
The plan pays direct administrative expenses, while Lockheed Martin pays certain indirect expenses.
Employees choose among the plan's investment funds and can also use a self-directed brokerage account for stocks, funds, and bonds.
Eligible salaried employees are enrolled when hired unless they decline participation.
Newly eligible employees are generally enrolled at 4% of base pay.
Available. Employees may contribute on a pre-tax, after-tax, or Roth 401(k) basis, or use a combination.
Up 15.0% over the filing history shown.
Participation up 0.4% · assets up 18.3% · loans 0.6% of assets
Before you enroll: confirm the match, vesting schedule, waiting period, and fees in the current plan documents. The filing history shows how the plan itself has changed.
Keep in mind: public filings do not show your personal investment returns. Missing information does not count against the plan. The documents supporting the current terms are linked below.
Need the raw filing detail?
The key takeaways are above. Open the full record when you want every number and source note.
Personalized estimate
What could Lockheed Martin's contribution mean for you?
This uses the reviewed employer formula shown on this profile—not the plan-wide Form 5500 contribution average.
Estimated employer money$3,400/year
- Your annual contribution
- $6,800
- Possible maximum
- $3,400
- Potentially unclaimed
- $0
Contributing about 8% of eligible pay captures the documented maximum under this simplified estimate.
Vesting: Your contributions and Lockheed Martin's matching contributions are immediately 100% vested. Profit-sharing contributions for employees hired in 2025 or later vest 20% per year and become fully vested after five years.
Estimate only. Compensation limits, eligibility, true-ups, contribution timing, employee groups, and plan amendments can change the result. Confirm the current formula in your plan documents.
The short version
What employees should know
For the year ended Dec 31, 2024, LOCKHEED MARTIN CORPORATION reported $1,219,706,514 in employer contributions across its retirement plans, or $10,100 per active participant. This is the best company-wide filing average available—not a promise of what any one employee receives.
Up 0.4% across the filing years shown. The filing does not report every employee who was eligible.
Change in employer contributions per active participant.
Change in reported administrative cost per participant. Fund expenses may be separate.
Money and scale
Contributions, assets, and expenses
These totals combine every public plan record tied to this employer. They are not individual account balances.
- Employer contributions
- $1,219,706,514 $10,100 per active participant
- Participant contributions
- $1,432,560,164
- Other contributions
- $129,936,261 Amounts not classified as employer or participant contributions
- Employer share of contributions
- 43.8%
- Active participants
- 120,764 Very large plan
- Total participants
- 180,705 186,283 at the beginning of the year
- Ending assets
- $55,995,998,075 $309,875 per participant
- Net-asset change
- Up 18.3% Not the same as investment performance
- Beginning net assets
- $51,343,092,909
- Ending net assets
- $55,989,660,187
- Beginning liabilities
- $5,771,729
- Ending liabilities
- $6,337,888
- Total income
- $9,689,799,087
- Total expenses
- $5,094,006,999
- Administrative expenses
- $6,337,888 $35 per active participant
- Participant loans
- $345,652,418 0.6% of plan assets
Three-year filing history
How the reported figures changed
These charts combine the employer’s public plans by filing year. Missing values remain blank rather than becoming zero.
2022
$8,780
2023
$9,149
2024
$10,100
2022
$33
2023
$31
2024
$35
2022
120,286
2023
127,205
2024
120,764
2022
$47,335,193,116
2023
$51,348,864,638
2024
$55,995,998,075
2022
0.6%
2023
0.6%
2024
0.6%
| Plan year | Employer money per active participant | Active participants | Plan assets |
|---|---|---|---|
| 2024 | $10,100 | 120,764 | 56B |
| 2023 | $9,149 | 127,205 | 51.3B |
| 2022 | $8,780 | 120,286 | 47.3B |
Changes in plan assets are not the same as investment performance.
Plan health
Loans, late deposits, and other filing disclosures
- Participant loans as a share of plan assets
- 0.6%
- Independent accountant’s opinion
- Unqualified opinion Code 1
- Late participant contributions reported
- Not reportedA “yes” needs context and is not, by itself, proof of wrongdoing.
- Loan defaults reported
- 0
- Lease defaults reported
- 0Only a small number of filings report these events.
- Nonexempt transactions reported
- 0
- Public plan identifier
- 521893632-018
Insurance and supporting schedules
Additional arrangements reported
These disclosures add context. They should not be read as a score or a judgment on their own.
- Pooled investment entities
- 4$55,650,345,657 reported at year end
Reported plan details
Identity and filing status
- Plan type
- Retirement plan
- Employer arrangement
- Single-employer plan
- Plan effective date
- Dec 27, 1965
- Industry
- Industry group 339
- Amended filing
- No
- Final filing for this plan
- No
- Short plan year
- No
- 401(k) feature reported
- Yes
Show DOL characteristic codes
2O2E2G2I2F2J2T3H3F2K
All plans from this employer
4 public plan records roll up to this profile
The employer totals above combine these records by year. Open an individual plan for its own filing details.
Current plan terms
What the source documents say
Each item below comes from the dated source linked in this section. Anything the source does not establish is left blank.
- Employer contribution
- Lockheed Martin matches 50% of contributions up to 8% of base pay—a maximum match equal to 4% of base pay. Eligible business units may also receive a profit-sharing contribution of up to 6%.
- Eligibility
- Eligible salaried employees are enrolled when hired unless they decline participation.
- Vesting
- Your contributions and Lockheed Martin's matching contributions are immediately 100% vested. Profit-sharing contributions for employees hired in 2025 or later vest 20% per year and become fully vested after five years.
- Investment information
- Employees choose among the plan's investment funds and can also use a self-directed brokerage account for stocks, funds, and bonds. The filing does not identify the current default fund.
- Automatic enrollment
- Newly eligible employees are generally enrolled at 4% of base pay. The rate rises by 1 percentage point each year up to 12%, unless the employee changes it or opts out.
- Roth contributions
- Available. Employees may contribute on a pre-tax, after-tax, or Roth 401(k) basis, or use a combination.
- Participant fees
- The plan pays direct administrative expenses, while Lockheed Martin pays certain indirect expenses. Investment returns shown in participant accounts are net of applicable expenses.
Source: Lockheed Martin Corporation Salaried Savings Plan — 2025 Form 11-K ↗ · dated Dec 31, 2025
Filing evidence
Open the selected public records
We use the latest valid received filing for each year after resolving amendments and duplicate records. Open the source to check the original filing.
Quick answers
Lockheed Martin 401(k) questions
What is Lockheed Martin's 401(k) match?
The reviewed current source says: Lockheed Martin matches 50% of contributions up to 8% of base pay—a maximum match equal to 4% of base pay. Eligible business units may also receive a profit-sharing contribution of up to 6%.
How much employer money did Lockheed Martin report adding?
For 2024, the selected filing reports $1,219,706,514 in employer contributions, or $10,100 per active participant. This is a plan-level historical figure, not a personal match quote.
What is Lockheed Martin's 401(k) vesting schedule?
The reviewed current source says: Your contributions and Lockheed Martin's matching contributions are immediately 100% vested. Profit-sharing contributions for employees hired in 2025 or later vest 20% per year and become fully vested after five years.
What are Lockheed Martin's 401(k) fees?
The reviewed current source says: The plan pays direct administrative expenses, while Lockheed Martin pays certain indirect expenses. Investment returns shown in participant accounts are net of applicable expenses.
Can I use this page to compare Lockheed Martin with another job offer?
Yes, as a starting point. Compare the documented match, vesting, eligibility, fees, investments, and the filing history, then confirm the current terms before assigning a dollar value to an offer.
Filing ACK_IDEMPLOYER-2024
Data sourceDOL Form 5500 bulk data ↗
Filing searchEFAST2 ↗