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Lockheed Martin

All Lockheed Martin benefits

Retirement Plan

Available to US-based employees

3.9

(106 Reviews)

Lockheed Martin offers retirement programs.

About Our Data

Employer VerifiedUpdated May 5, 20261583 employees reported this benefit

Benefits reviews

71-80 of 106 Reviews

4.0

May 11, 2019

Anonymous Senior Fellow

Defined contribution plan (replaces former defined benefit plan). Good options for investment.

4.0

Mar 8, 2019

Anonymous employee

I'm too young to consider retirement seriously, big given what I learned, I'd say they are relatively competitive in the industry.

4.0

Jan 18, 2019

Anonymous employee

Savings Plan is offered

2.0

Apr 11, 2018

Anonymous employee

Could be better due to not having a pension

1.0

Mar 24, 2018

Anonymous Senior Software Engineer

Only 401k now after 2005 or so

4.0

Mar 2, 2018

Anonymous Aeronautical Engineer

10% 401k contribution which is better than most companies out there. Investment options are very limited.

4.0

Feb 5, 2018

Anonymous employee

Original retirement plan (with pension) was great, but don't think pension is offered anymore

4.0

Nov 6, 2017

Anonymous employee

The 401(k) matching is better than average and for employees not eligible for the pension plan, the additional Capital Accumulation Fund is a nice benefit.

1.0

Nov 2, 2017

Anonymous Production Control

LM once had a true pension plan but stopped it. Now they use a 401K type of plan. Older employees still get the pension but it never increases.

2.0

Sep 5, 2017

Anonymous Project Engineer

Contractors do not received company's retirement plan

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Retirement Plan

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