Lockheed Martin Corporation 401(k) Review & Grade
Lockheed Martin Corporation Operations Support Savings Plan
Bethesda, MDManufacturing1,232 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$383Employer $ per active participant
$1,244Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$389.1MNet plan assets, end of year
$101,515Average balance per account
Score breakdown
- Employer generosity2.5 / 505th percentile for employer $ per participant
- Low cost24.4 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving0.7 / 155th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 97th |
| Employee saving | 5th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Lockheed Martin put in about $383 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $471,735 |
| Participant (employee) contributions | $1,531,469 |
| Other contributions (incl. rollovers in) | $22,616 |
| Administrative expenses paid from the plan | $44,045 |
| Investment advisory & management fees | $36,043 |
| Benefits paid out | $37,792,156 |
| Net assets, start / end of year | $375.8M / $389.1M |
| Active participants, start / end of year | 1,338 / 1,125 |
| Participants with account balances | 3,833 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mitchell & Titus, LLP |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250723154317NAL0002001587001, received 2025-07-23, EIN 52-1893632, plan #033, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.