Lockheed Martin Corporation Salaried Savings Plan is a defined contribution plan with a profit-sharing component, stock bonus component, 401k feature, and ESOP component.
This plan has a BrightScope Rating of 85, placing it in the top 15% of all plans in its peer group.
This plan is also in the top 15% of plans for Account Balances, Company Generosity, Participation Rate, Salary Deferral, and Total Plan Cost. Lockheed Martin Corporation Salaried Savings Plan currently has over 126,200 active participants and over $35.6B in plan assets.
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For the average 401k participant, the 5 point difference between this plan's BrightScope Rating (85) and the top rated plan (90) could equate to:
Additional years of work
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?