Lockheed Martin Corporation
Overview
Lockheed Martin Corporation sponsors a self-funded health plan that covered 4,262 participants in plan year 2025, about the same as the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 4,262 · prior year 4,262
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Lockheed Martin Corporation Group Insurance Plan for Employees of Transferred GE OPS in the Bargaining Unit, plan 512 (4,262 participants); Lockheed Martin Group Insurance Plan for Aerospace Employees, plan 501 (1,536 participants)
- Broker compensation
- $9.7M across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Prudential Insurance Company of America | Life, Travel AD&D | 107,183 | $139.7M | $1.6M |
| Kaiser Foundation Health Plan, Inc. | HMO | 1,754 | $48.8M | $131K |
| Life Insurance Company of North America | Life, Short-term disability, Long-term disability | 47,955 | $39.2M | $152K |
| Blue Cross Blue Shield Healthcare Plan of Georgia, Inc. (g0386) | HMO | 878 | $38.1M | — |
| American Heritage Life Insurance Company | Critical Illness & Accident, Life | 56,785 | $32.7M | $7.3M |
| Kaiser Foundation Health Plan of Colorado | HMO | 1,779 | $24.5M | — |
| Vision Service Plan | Vision | 82,291 | $14.8M | $20K |
| John Hancock Life Insurance Company USA | Long Term Care | 4,783 | $8.5M | — |
| Kaiser Foundation Health Plan of Georgia, Inc. | HMO | 276 | $4.4M | — |
| Upmc Health Coverage | HMO | 175 | $4.4M | — |
| Arag Services, LLC | Legal | 43,198 | $4.4M | $442K |
| Kaiser Foundation Health Plan of the Mid-Atlantic States, Inc. | HMO | 385 | $3.3M | $5K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 4,262 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Lockheed Martin Corporation
- Sponsor EIN
- 52-1893632
- Plan numbers
- 512, 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 52-1893632 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Lockheed Martin Corporation Salaried Savings Plan
- Type
- 401(k) plan
- Participants
- 145,308
About this data
Source: Lockheed Martin Corporation's Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Lockheed Martin Corporation.