Form 5500 · Employee benefit plan · BETHESDA, MD
LOCKHEED MARTIN CORPORATION
The filing calls this plan LOCKHEED MARTIN CORPORATION GROUP INSURANCE PLAN FOR RETIRED EMPLOYEES.
LOCKHEED MARTIN CORPORATION of BETHESDA, MD spreads its employee benefits across 36 insurance carriers, according to its Form 5500 Schedule A. Its broker of record is MERCER HEALTH & BENEFITS LLC. Coverage is written through KAISER FOUNDATION HEALTH PLAN OF COLORADO and 35 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 52-1893632 · plan 591 · plan year 2024, filed Oct 9, 2025
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776 other employer plans in Maryland have policy years ending in December. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.
How this plan is funded
Both, as reported
The medical insurance contracts on the filing cover fewer than half the people in the plan, so the rest is paid another way.
A stop-loss policy appears on a Form 5500 only when the plan itself is the beneficiary, or the premiums are paid from plan money. Many employers buy stop-loss and never report it here. So a plan with no stop-loss on its filing may still have it.
Benefits declared on this filing
Health: the largest of the 42 insured health contracts, with KAISER FOUNDATION HEALTH PLAN OF COLORADO, covers 312 of 41,114 participants (0.8%) on Schedule A.
Vision: EYEMED VISION CARE covers 208 of 41,114 participants (0.5%) on Schedule A.
Life: the largest of the 5 insured life contracts, with HARTFORD LIFE AND ACCIDENT, covers 743 of 41,114 participants (1.8%) on Schedule A.
Also declared: other welfare.
Declared benefits are the plan’s own line 8b codes on Form 5500. “Not on Schedule A” means no insured contract for that line appears on this filing. That usually means the benefit is self-funded, or it sits under a different plan number.
Where a line has more than one insured contract, the carrier and the covered figure are the largest contract's by premium. The contracts are not added up: a pharmacy carve-out and the medical carrier beside it cover the same people.
Persons covered is the count the carrier filed for that policy at the end of its policy year, and it can include dependents. Participants is the plan's own count at the start of its plan year. The two count different people, so a covered figure can be larger.
Plan brief
Schedule A lists 48 insured contracts covering health, vision and life.
The filing declares health, vision, life and dental. Dental appears with no insured contract on Schedule A. That coverage may be self-funded, or placed with a carrier that is not on this filing.
Reported premium across the insured contracts is $22,669,647, with $558 in disclosed broker commissions — about 0% of premium.
The most recent policy period ended in December, and the plan year ends December 31. Group contracts typically renew on that annual cycle.
MERCER HEALTH & BENEFITS LLC is the broker of record on 4 of the 48 contracts; the rest name a different broker or none.
Schedule A insurance contracts
Premium and claims on these contracts
PRUDENTIAL INSURANCE COMPANY OF AMERICA, contract 23747-1. For the contract year on this filing, the carrier reported $85,703 in premium earned and $64,187 in claims incurred. Dividing one by the other gives 75%.
PRUDENTIAL INSURANCE COMPANY OF AMERICA, contract 23748-1. For the contract year on this filing, the carrier reported $57,850 in premium earned and $48,711 in claims incurred. Dividing one by the other gives 84%.
- PRUDENTIAL INSURANCE COMPANY OF AMERICA, contract 23747-1 reported $7,791 in retention.
- PRUDENTIAL INSURANCE COMPANY OF AMERICA, contract 23748-1 reported $3,612 in retention.
Retention is what the carrier kept of the premium after claims, as reported: administration, commissions and other charges.
Only experience-rated contracts report these figures, so most filings leave them blank.
Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.
Administrator and service providers
The plan administrator is from line 3a of the main form. The service providers are named on Schedule C of this filing. We publish company names only.
Reported to OSHA
Reported to OSHA for 2025: 98,331 employees, 1,032 recordable cases, 3,574 days away from work.
Source: OSHA Injury Tracking Application establishment data, 2025.
Money the plan held and paid out
Sourced from U.S. DOL EFAST2 Form 5500 · Schedule H
These are the plan's own figures from Schedule H, the financial statement it files. They are not the premium on Schedule A.
Other plans filed by this employer
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