Bakery & Confectionery Union Industry International Pension Fund vs Lockheed Martin Corporation Retirement Plan
Side-by-side pension health comparison from DOL and public plan data
Bakery & Confectionery Union Industry International Pension Fund and Lockheed Martin Corporation Retirement Plan are meaningfully apart on the LakeQuality pension-health rubric: Bakery & Confectionery Union Industry International Pension Fund grades D while Lockheed Martin Corporation Retirement Plan grades B. Funding ratios: 42% vs 79%.
Lockheed Martin Corporation Retirement Plan comes out ahead on the composite rubric. For a participant in either plan, the spread is informative but not directly actionable — pension participation is not portable, so the relevant question is what each plan's funded-status trajectory means for that participant's benefit security.
Verdict
Lockheed Martin Corporation Retirement Plan has a stronger Pension Health Score of 70/100 (B) compared to Bakery & Confectionery Union Industry International Pension Fund at 45/100 (D). Funding ratios differ by 37.0 percentage points (78.8% vs 41.8%). Lockheed Martin Corporation Retirement Plan covers 84,564 participants.
| Metric | Bakery & Confectionery Union Industry International Pension Fund | Lockheed Martin Corporation Retirement Plan |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 45/100 (D) | 70/100 (B)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 41.8% | 78.8%* |
| Total Assets | $3.0B | $17.4B |
| Total Liabilities | $7.1B* | $22.1B |
| Unfunded Liability | $4.1B* | $4.7B |
| Participants | 100,402 | 84,564 |
| 1-Year Investment Return | 4.6% | 7.1%* |
| Plan Type | multiemployer | corporate |
| PBGC Risk Level | critical | moderate |
| Sponsor | BCTGM International Union | Lockheed Martin |
Lockheed Martin Corporation Retirement Plan has a stronger Pension Health Score of 70/100 (B) compared to Bakery & Confectionery Union Industry International Pension Fund at 45/100 (D). Funding ratios differ by 37.0 percentage points (78.8% vs 41.8%). Lockheed Martin Corporation Retirement Plan covers 84,564 participants.
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