General Electric Pension Plan vs Lockheed Martin Corporation Retirement Plan
Side-by-side pension health comparison from DOL and public plan data
General Electric Pension Plan and Lockheed Martin Corporation Retirement Plan are meaningfully apart on the LakeQuality pension-health rubric: General Electric Pension Plan grades A while Lockheed Martin Corporation Retirement Plan grades B. Funding ratios: 91% vs 79%.
General Electric Pension 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
General Electric Pension Plan has a stronger Pension Health Score of 95/100 (A) compared to Lockheed Martin Corporation Retirement Plan at 70/100 (B). Funding ratios differ by 12.2 percentage points (91.0% vs 78.8%). General Electric Pension Plan covers 121,730 participants.
| Metric | General Electric Pension Plan | Lockheed Martin Corporation Retirement Plan |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 95/100 (A)* | 70/100 (B) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 91.0%* | 78.8% |
| Total Assets | $20.2B | $17.4B |
| Total Liabilities | $22.2B | $22.1B* |
| Unfunded Liability | $2.0B* | $4.7B |
| Participants | 121,730 | 84,564 |
| 1-Year Investment Return | 6.8% | 7.1%* |
| Plan Type | corporate | corporate |
| PBGC Risk Level | low | moderate |
| Sponsor | GE Aerospace (formerly General Electric) | Lockheed Martin |
General Electric Pension Plan has a stronger Pension Health Score of 95/100 (A) compared to Lockheed Martin Corporation Retirement Plan at 70/100 (B). Funding ratios differ by 12.2 percentage points (91.0% vs 78.8%). General Electric Pension Plan covers 121,730 participants.
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