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PensionRisk

Boeing Company Employee Retirement Plan vs Lockheed Martin Corporation Retirement Plan

Side-by-side pension health comparison from DOL and public plan data

Boeing Company Employee Retirement Plan and Lockheed Martin Corporation Retirement Plan are meaningfully apart on the LakeQuality pension-health rubric: Boeing Company Employee Retirement Plan grades A while Lockheed Martin Corporation Retirement Plan grades B. Funding ratios: 92% vs 79%.

Boeing Company Employee 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

Boeing Company Employee Retirement Plan has a stronger Pension Health Score of 96/100 (A) compared to Lockheed Martin Corporation Retirement Plan at 70/100 (B). Funding ratios differ by 13.2 percentage points (92.0% vs 78.8%). Boeing Company Employee Retirement Plan covers 118,601 participants.

MetricBoeing Company Employee Retirement PlanLockheed Martin Corporation Retirement Plan
Health Score
Composite of funding ratio, trend, and PBGC risk
96/100 (A)*70/100 (B)
Funding Ratio
Assets as % of liabilities (100%+ is fully funded)
92.0%*78.8%
Total Assets$25.0B$17.4B
Total Liabilities$27.2B$22.1B*
Unfunded Liability$2.2B*$4.7B
Participants118,60184,564
1-Year Investment Return6.7%7.1%*
Plan Typecorporatecorporate
PBGC Risk Levellowmoderate
SponsorBoeing CompanyLockheed Martin

Boeing Company Employee Retirement Plan has a stronger Pension Health Score of 96/100 (A) compared to Lockheed Martin Corporation Retirement Plan at 70/100 (B). Funding ratios differ by 13.2 percentage points (92.0% vs 78.8%). Boeing Company Employee Retirement Plan covers 118,601 participants.

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