Lockheed Martin benefits

Lockheed provides many different benefits. Depending on when you started with the company and under which company ledger you were hired determines your available benefits. Therefore, you and the person sitting next to you could have very different benefits. At this time the company is going through a very meaningful transition and the benefits are changing.

Generous paid time off, 401(k) plus pension (not for new hires, but most new hires still get an additional retirement contribution beyond 401(k).

Lockheed's benefits package is great!! It includes health/dental/eye, 401k, vacation...the normal stuff.

Through the years the employee contribution steadily increased and copays also increased.

Vacation policy, while not overly generous (3 weeks), is reasonably flexible. Vacation and sick leave are separate, so if you happen to get sick, you don't have to modify your vacation plans. And scheduling vacation doesn't have lots of restrictions (varies some from site to site)

Worst: Actually getting a answer live and in person with an HR rep vice having to call a help desk.

All benefits management is online and easy to use/understand. Fairly straightforward sign-up and adjusting.

Good 401k match- 8% for up to 20% of contribution. Medical insurance is getting worse and worse.

The best part is probably the employee discounts program. There are a lot of vendors participating.

Very generous 401(k) plan. Total (between match and company contribution) will be 10% starting in 2016. You can do various healthy activities to earn all of your insurance deductible.