Lockheed Martin Employee Benefits and Perks | Glassdoor

Lockheed Martin Benefits

846 Ratings

Employer Summary

From competitive pay and benefits to flexible work schedules and financial tools, at Lockheed Martin we show our appreciation for your skills, ambitions and potential.

Employee Benefit Reviews

Showing 1–10 of 846 comments

Most Commented

  • Oct 25, 2018
    StarStarStarStarStar Current Employee in Sunnyvale, California

    The good: LM puts 10% of your salary into the 401k plan if you put 8% into the plan. 3 weeks of vacation plus one week of sick leave (sick leave expires annually if unused) Winter plant shutdown plus some holidays. The winter shutdown is in lieu of some holidays The bad: The health plan has low premiums but ultra-high deductibles and out-of-pocket maximums. Great deal if you are healthy and don't get sick (or have kids that get sick). The ugly: Nothing. Overall the benefits package is pretty fair and has stayed that way over the years in general. The 401k/retirement match has improved over the years while medical insurance has gotten worse. Vision, dental, and disability insurance has been pretty steady over the years in terms of premiums and coverage. Overall nothing to complain about.

  • Oct 30, 2018
    StarStarStarStarStar Current Multi Functional Supervisor in Fort Worth, Texas

    The benefits are very good. The days offs earned are very good. However, you will burn through them just to get some time off. Mandatory overtime on week days and weekends is out of control,

  • Oct 18, 2018
    StarStarStarStarStar Current Employee in Denver, Colorado

    Every other Fridays off, up to 10% company contribution to 401k, 3 weeks vacation plus holiday shutdown

  • Oct 26, 2018
    StarStarStarStarStar Current Assembler in Orlando, Florida

    Match up to 7% benefits are cheap

  • Oct 16, 2018
    StarStarStarStarStar Former Cyber Security Engineer in Colorado Springs, Colorado

    Insurance, good pay, annual bonus, work-life balance, 401K

  • Oct 18, 2018
    StarStarStarStarStar Former PMa in Orlando, Florida

    The benefit package was really good. The management was good if you got with the right group. Most of the time though as far as HR was concerned, you were only your employee number

  • Oct 01, 2018
    StarStarStarStarStar Current Employee in Denver, Colorado

    Health insurance gets worse by the year. 401K match is great.

  • Oct 05, 2018
    StarStarStarStarStar Current Employee in Camden, Arkansas

    Average benefits, matching 6% 401 College reinvestment

  • Oct 03, 2018
    StarStarStarStarStar Current Employee in Fort Worth, Texas

    Benefits package is below average for the industry. It has a very high deductible which can cause a hardship for employees needing to utilize their insurance.

  • Oct 14, 2018
    StarStarStarStarStar Current Employee in Sunnyvale, California

    Switched to High Deductible Health Plan.

Benefits Summary

List based on reports from current and former employees. It may not be complete.

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Insurance, Health & Wellness

Financial & Retirement

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