Lockheed Martin Corporation Retirement Plan
corporate plan · Lockheed Martin · Rockville, MD
Funding History
What This Means for You
Lockheed Martin Corporation Retirement Plan is in excellent financial health at 79% funded. This means for every dollar the plan owes in future benefits, it has 79 cents in assets to cover it. This plan is also covered by the PBGC, providing an additional safety net. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $40.8B | $51.8B | 78.7% | $1.7B |
| 2024 | $38.6B | $49.9B | 77.2% | $1.4B |
| 2023 | $37.3B | $51.4B | 72.6% | $2.0B |
| 2022 | $36.6B | $46.6B | 78.6% | $1.8B |
| 2021 | $35.6B | $52.5B | 67.7% | $2.1B |
Frequently Asked Questions
Lockheed Martin Corporation Retirement Plan is 79% funded, meaning it has 79 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
Lockheed Martin Corporation Retirement Plan has 191,446 total participants, including 97,271 active employees and 94,175 retirees currently receiving benefits.
Yes, Lockheed Martin Corporation Retirement Plan is covered by the Pension Benefit Guaranty Corporation (PBGC), which provides a backstop if the plan cannot pay benefits. The PBGC risk level is currently "moderate."
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.