Lockheed Martin 401(k) at a glance
| Employer match | Lockheed matches 50% of the first 8% of base salary you contribute (max 4% of pay), paid mainly in company stock. |
|---|---|
| Maximum match | 4% of pay |
| Contribution needed for full match | 8% of pay |
| Company contribution (no match needed) | Employees in eligible business units also get a company profit-sharing contribution of up to 6% of base salary, even if they do not contribute. |
| Vesting | 5 years to fully vestYour contributions and the match vest immediately. For hires on or after January 1, 2025, the profit-sharing contribution vests 20% a year and is full after five years. |
| Eligibility | US salaried employees in eligible groups are enrolled on hire unless they decline. |
| Automatic enrollment | New hires start at 4% before-tax, rising 1% a year up to 12%. |
| Roth 401(k) option | Yes |
| Plan provider | Empower (recordkeeper); State Street (trustee) |
| Who this applies to | US salaried employees (Salaried Savings Plan); hourly/union plans differ |
How much is the Lockheed Martin match worth?
If you contribute 8% of your pay, Lockheed Martin adds the full match. Here is what that means at different salaries, per year, before investment growth:
| Salary | You contribute (8%) | Lockheed Martin match | Company contribution |
|---|---|---|---|
| $40,000 | $3,200 | $1,600 | $2,400 |
| $60,000 | $4,800 | $2,400 | $3,600 |
| $90,000 | $7,200 | $3,600 | $5,400 |
| $150,000 | $12,000 | $6,000 | $9,000 |
Illustration based on the plan terms above. Your actual match depends on eligible pay, timing and plan rules.
Good to know
- Employees hired before January 1, 2025 are immediately vested in all employer money.
- Employees hired before 2019 had a 3% auto-enroll default rising to 8%.
- One secondary guide gives the vesting change date as 2026; the 11-K says January 1, 2025.
Other Lockheed Martin retirement benefits
- After-tax contributions allowed
- Match invested in the ESOP Fund (Lockheed stock)
How to make the most of your Lockheed Martin 401(k)
- Always get the full match. Contribute at least 8% of pay. It is an instant return you cannot get anywhere else.
- Check your vesting date before you change jobs, so you do not leave unvested money behind.
- Pre-tax or Roth? If you expect a higher tax rate in retirement, Roth contributions can pay off. Model it with our Roth conversion calculator.
- Watch fees and prefer low-cost index or target-date funds in the plan lineup.
- Plan the whole picture: see how your state taxes retirement income before you decide where to retire.
Frequently asked questions
Does Lockheed Martin match 401(k) contributions?
Lockheed matches 50% of the first 8% of base salary you contribute (max 4% of pay), paid mainly in company stock. Employees in eligible business units also get a company profit-sharing contribution of up to 6% of base salary, even if they do not contribute.
When does the Lockheed Martin 401(k) match vest?
Your contributions and the match vest immediately. For hires on or after January 1, 2025, the profit-sharing contribution vests 20% a year and is full after five years.
When can I join the Lockheed Martin 401(k)?
US salaried employees in eligible groups are enrolled on hire unless they decline.
How much should I contribute to get the full Lockheed Martin match?
Contribute at least 8% of your pay. Anything less leaves part of the match unclaimed.
Sources (last verified 2026)
- Lockheed Martin Corporation Salaried Savings Plan Form 11-K FY2025 — SEC EDGAR (2026-06-24)
- Lockheed Martin 401(k) Match: How It Works in 2026 — 7 Saturdays Financial (2026-08-01)
Educational content only, not tax, legal or investment advice. Plans and tax laws change; confirm details with your employer's plan documents or your state revenue department. Smart Financial Lifestyle is not affiliated with any employer named on this site.