LOCKHEED MARTIN CORPORATION SALARIED SAVINGS PLAN · BETHESDA, MD · plan year 2024
Reported admin expense ratio · 2024
0.01%
Peer grade: A· admin costs + employer contributions vs same-size plans · how grading works
Lockheed Martin Corporation reported $5,823,212 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $11,755 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 3 years on file its reported administrative ratio has held roughly steady near 0.012%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 1st-largest of 1,671 plans among Maryland employers on file, and the 3rd of 13,661 in manufacturing. In 2024, employees put in $1.14 for every $1.00 the employer contributed.
Plan summary
Net assets, end of year$51,442,801,052
Participants with balances144,580
Active participants94,445
Employer contributions$1,110,246,326
Employee contributions$1,266,087,482
Employer contribution per active participant$11,755
The Lockheed Martin Corporation 401(k) match · 2024
Employer contribution per active participant$11,755
Median for plans this size$5,259
2024$11,755 per active participant
2023$11,035 per active participant
2022$10,814 per active participant
Lockheed Martin Corporation's 2024 employer contribution ran above the $5,259 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
What these fees cost you
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Administrative cost history3
2024$5,823,212 · 0.01%
2023$5,270,473 · 0.01%
2022$5,445,299 · 0.01%
All plans at this employer7
LOCKHEED MARTIN CORPORATION SALARIED SAVINGS PLAN401(k) + ESOP (KSOP)
LOCKHEED MARTIN CORPORATION HOURLY EMPLOYEE SAVINGS PLAN PLUS401(k) + ESOP (KSOP)
LOCKHEED MARTIN CORPORATION CAPITAL ACCUMULATION PLANESOP
LOCKHEED MARTIN CORPORATION CAPITAL ACCUMULATION PLAN FOR HOURLY EESESOP
LOCKHEED MARTIN CORPORATION BASIC BENEFIT PLAN FOR HOURLY EMPLOYEESESOP
LOCKHEED MARTIN CORPORATION OPERATIONS SUPPORT SAVINGS PLAN401(k) + ESOP (KSOP)
LOCKHEED MARTIN CORPORATION PERFORMANCE SHARING PLAN FOR BARGAINING EMPLOYEES401(k) + ESOP (KSOP)
Source: U.S. Department of Labor, Form 5500 series, EIN 521893632 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.