Lockheed Martin

Lockheed Martin Corporation · BETHESDA, MD · LMT (NYSE) · Manufacturing · sponsor EIN 52-1893632 · 4 plans with Schedule H financials, latest plan year 2024

SEC registrant: Lockheed Martin Corp.

Largest plan: LOCKHEED MARTIN CORPORATION SALARIED SAVINGS PLAN

$51,448,624,264 in assets · 144,580 participants with a balance · plan year 2024-01-01 to 2024-12-31 · full record

Recordkeeping fees per participant (headline)
$7.32
higher than 11% of the 790 plans of similar size (>$1B) that report it
= recordkeeping_fees / participants_with_balance. Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250728202928NAL0003650576001, received 2025-07-28 · participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728202928NAL0003650576001, received 2025-07-28
Administrative expenses excluding investment management, per participant
$7.32
higher than 8% of the 1,045 plans of similar size (>$1B) that report it
= admin_excl_invmgmt / participants_with_balance. derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250728202928NAL0003650576001, received 2025-07-28 · participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728202928NAL0003650576001, received 2025-07-28
Administrative expenses per participant
$40.28
higher than 21% of the 1,076 plans of similar size (>$1B) that report it
= admin_expenses / participants_with_balance. Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250728202928NAL0003650576001, received 2025-07-28 · participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728202928NAL0003650576001, received 2025-07-28
Administrative expenses as a share of assets
0.011%
higher than 9% of the 1,076 plans of similar size (>$1B) that report it
= admin_expenses / assets_eoy. Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250728202928NAL0003650576001, received 2025-07-28 · assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250728202928NAL0003650576001, received 2025-07-28
Employer contributions per participant
$7,679
higher than 85% of the 1,135 plans of similar size (>$1B) that report it
= employer_contrib / participants_with_balance. Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250728202928NAL0003650576001, received 2025-07-28 · participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728202928NAL0003650576001, received 2025-07-28
Employer share of total contributions
44.5%
higher than 84% of the 1,135 plans of similar size (>$1B) that report it
= employer_contrib / total_contrib. Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250728202928NAL0003650576001, received 2025-07-28 · total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250728202928NAL0003650576001, received 2025-07-28

99.5% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $72,302,871 ($540.37 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.

Plan terms

Quoted from Lockheed Martin Corporation's SEC filing covering the period ended 2025-12-31. The figures on this page cover the plan year ended 2024-12-31, a different period: terms may have changed between the two. The plan document governs; these are the filing's own words.

Employer match

“The Corporation contributes a matching contribution equal to 50% of the participant’s contribution up to the first 8% (i.e., up to 4%) of the participant’s base salary.”

As stated in Lockheed Martin Corporation's Form 11-K filed 2026-06-24, for the period ended 2025-12-31 (SEC): source document; plan description note, contributions section.

Vesting

“Participants are immediately vested in all employee contributions, rollover contributions from other qualified plans, the Corporation's matching contributions and earnings (or losses) thereon.”

As stated in Lockheed Martin Corporation's Form 11-K filed 2026-06-24, for the period ended 2025-12-31 (SEC): source document; plan description note, vesting section.

Automatic enrollment

“If automatically enrolled, a participant’s contribution is set at 4% of base salary in before-tax contributions.”

As stated in Lockheed Martin Corporation's Form 11-K filed 2026-06-24, for the period ended 2025-12-31 (SEC): source document; plan description note, contributions section.

Plans sponsored

PlanAssetsParticipants with a balanceHeadlineYear
LOCKHEED MARTIN CORPORATION SALARIED SAVINGS PLAN$51,448,624,264144,580 $7.32 recordkeeping fees per participant2024
LOCKHEED MARTIN CORPORATION PERFORMANCE SHARING PLAN FOR BARGAINING EMPLOYEES$2,987,191,00821,552 $2.85 recordkeeping fees per participant2024
LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS$1,171,031,1609,593 $2.51 recordkeeping fees per participant2024
LOCKHEED MARTIN CORPORATION OPERATIONS SUPPORT SAVINGS PLAN$389,151,6433,833 $2.09 recordkeeping fees per participant2024

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Sponsor name as filed: LOCKHEED MARTIN CORPORATION; SEC registrant: LOCKHEED MARTIN CORP (CIK 936468, matched by EIN; display name from the Form 11-K cover).