LP profile · Pension fund
Lockheed Martin Master Retirement Trust
Lockheed Martin Master Retirement Trust is a pension fund headquartered in United States (North America). Ranked #115 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- The Lockheed Martin Master Retirement Trust is the legal entity for the company's employee benefit plans, including pension and 401(k) plans.
- A significant historical event occurred on July 19, 2013, when the Lockheed Martin Corporation Retirement Savings Plan for Salaried Employees was merged into the master trust.
Source of Capital
- The trust's capital is derived from the assets of the Lockheed Martin Corporation's various employee retirement and savings plans.
- These funds consist of contributions made by both the company and its employees to their pension and 401(k) accounts.
Major Events
- The trust has engaged in de-risking activities by purchasing group annuity contracts to handle its pension obligations.
- In 2021 and 2022, the trust transferred a portion of its pension obligations to Athene.
- The trust also purchased group annuity contracts from Metropolitan Tower Life Insurance Company in 2019 and 2020 to provide annuity benefits to retirees.
Allocation Strategy
- No information available.
Sources
- https://www.lockheedmartin.com/en-us/employees/pension.html
- https://news.lockheedmartin.com/2021-08-03-Lockheed-Martin-Reduces-Gross-Pension-Obligation-by-4-9-Billion-with-Purchase-of-Group-Annuity-Contracts
- https://www.metlife.com/about-us/newsroom/2020/January/metlife-to-provide-annuity-benefits-to-approximately-20000-lockheed-martin-retirees/
- https://www.sec.gov/Archives/edgar/data/936468/000119312514247343/d744709d11k.htm
- https://www.metlife.com/about-us/newsroom/2021/january/metlife-to-provide-annuity-benefits-to-13500-lockheed-martin-retirees/
- https://investors.lockheedmartin.com/node/48676/pdf