Lockheed Martin Corporation
Updated Filing received by DOL
Lockheed Martin Corporation, a manufacturing — metal, equipment, transportation employer in Bethesda, Maryland, reported 112,559 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows $128M in insurance premiums across 112 contracts and $2.8M in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on October 9, 2025, within the extension window.
Who was paid on Lockheed Martin Corporation's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Lockheed Martin Corporation filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Marsh McLennan Agency · New York, NY | $0 | $1,272,261 | $1,272,261 | 1 |
| Mercer · Chicago, IL | $841,838 | $6,181 | $848,019 | 31 |
| Conduent Securities, LLC · New York, NY | $288,780 | $0 | $288,780 | 5 |
| Conduent Services, LLC · New York, NY | $179,057 | $0 | $179,057 | 1 |
| Buck · Dallas, TX | $173,338 | $0 | $173,338 | 2 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2024, as published in EBSA's 2024 "Latest" dataset. Part I names whoever the carrier paid, which can be a firm or an individual agent; both are public record. Amounts exclude pay from carriers not tied to a listed contract.
Insurance contracts and carriers
The 24 largest of 112 contracts reported on Schedule A: carrier, what it covers, people covered at year end, earned premium, and broker compensation.
Source: DOL Form 5500 Schedule A, plan year 2024. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Lockheed Martin Corporation compares
Medians across employers for plan year 2024, the most recent complete year. Commission rates use fully insured medical contracts only; dollar medians use every employer that disclosed broker pay.
Not computable: no insured medical premium on the filing.
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 107,520 | 112,559 | +4.7% |
| Premiums filed | $127,783,919 | $127,594,931 | −0.1% |
| Broker commissions + fees | $2,995,903 | $2,761,455 | −7.8% |
| Commission rate | — | — | — |
Source: DOL Form 5500 filings for plan years 2023 and 2024.
Filings and timeliness
Plans this employer filed under its EIN with a health benefit code. Large plans are due seven months after the plan year ends, or two and a half months later with an extension; amended filings carry the amendment date, so no timing is asserted for them.
| Plan | Plan year end | Received by DOL | Timing | Participants |
|---|---|---|---|---|
| Lockheed Martin Group Benefits Plan#594 · insurance, general assets | December 31, 2024 | October 9, 2025 | within extension | 112,559 |
| Lockheed Martin Corporation Group Insurance Plan for Retired Employees#591 · insurance, general assets, trust | December 31, 2024 | October 9, 2025 | within extension | 41,114 |
| Lockheed Martin Corporation Group Insurance Plan for Employees of Transferred GE Ops in the Bargaining Unit#512 · insurance, general assets | December 31, 2024 | October 9, 2025 | within extension | 4,167 |
| Lockheed Martin Group Insurance Plan for Aerospace Employees#501 · insurance, general assets | December 31, 2024 | October 9, 2025 | within extension | 1,594 |
Source: DOL Form 5500 Part I and signature dates; "late" means received after the extended deadline (the 15th day of the tenth month after plan year end). What a late Form 5500 costs.
How much did Lockheed Martin Corporation pay in health insurance broker commissions in 2024?
Lockheed Martin Corporation's 2024 Form 5500 reports $2,761,455 in broker commissions and fees across 112 insurance contracts ($1,483,013 in commissions, $1,278,442 in fees), with Marsh McLennan Agency receiving the largest share.
Is Lockheed Martin Corporation's health plan self-funded or fully insured?
The 2024 filing indicates the plan is a mix of insured and self-funded coverage.
How does Lockheed Martin Corporation's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Lockheed Martin Corporation because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 5,000+ participants that disclosed broker pay reported a median of $458,262.
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Record built October 24, 2026 from U.S. Department of Labor, EBSA Form 5500 datasets (2025, 2024, 2023 plan years, 'Latest' files). Filings can run 7 to 10 months behind the plan year; always confirm against current plan documents. BenefitsLedger is not affiliated with the U.S. Department of Labor. Open the DOL filing search.