Lockheed Martin benefits

I love the 3 weeks of vacation along with the 4-5 days of floating holiday times per year. The health insurance choices are decent (I am represented so I cannot speak to the rest of the company who have to have high deductible plans). Sick time is also reasonable, better for the represented employees (up to 160 hrs/year) than the rest of the company (40 hrs/year). Overall pretty decent benefits

really good benefits compared to most defense contractors

The benefits package was standard. The health insurance premium was not fully covered, but it was good enough for a young employee.

401K: 6% is automatically put into Capital Accumulation Plan. 50% of employee contribution up to 8% is put into Salaried Savings Plan. This totals 10% match. This differs depending on date hired, for example previous employees may receive less due to pension. HSA: It's new as of 2018. A typical plan. They offer $500 into the HSA as an incentive for health survey and biometric screening. This is also offered for spouses, making potential total $1000 into HSA. This counts towards HSA annual limit. Employee discounts are standard corporate discounts with AT&T, rental car services, theme park tickets. Vacation is 10 hours per pay period (120 yearly = 3 weeks PTO per year). Increases to 15 hours after 15 years I believe. Sick time was recently reduced from unlimited to 40 hours per year. Tuition assistance is provided for tech/management graduate degrees and for each year paid you owe 1 year to the company after the degree is completed. Work from home opportunities are few and far between as many positions are on cleared/classified work, although you may do corporate HR training from home at the least.

401k matching, 3 weeks vacation for starting employees

5250 dollars per year for undergraduate degrees. Undergraduate engineering degree get paid a grand or two more. Degree must be one under their umbrella of engineering business etc pertaining to what you do at work. Great perk

The company offers average benefits. There are differences between offerings for represented and non-represented employees.

Best thing is everything. The benefits are amazing. Such a devoted and caring package, in my opinion.

Best: Flexible Work Options, 401k is best ever saw, Compensation is good for low income cities, but may not compete with some of the bigger cities. Lots of options like Visions, Life Insurance, etc. Vacation is great. Worst: Health Insurance getting costly. Local buildings may not have good employee perks or lunch vendors.

The health insurance was a little high, but Lockheed provides a good overall plan. The 401k contributions are fair, you can carry over up to 400 PTO hours per year, and Lockheed believes strongly in a work/life balance.