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4.1
(2608 Reviews)
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.
"Don't be surprised if you take vacation and the when you return you are laid off."
posted by an anonymous user
401K Plan
401 total reviews
"50% match up to 8%, plus 6% on top, for a grand total of 10%. This is outstanding and I do not know of anyone who tops that. If you make $100 and max out your 401k, you're putting away $28k a year."
posted by an anonymous user
Benefits reviews
2141-2150 of 2608 Reviews
2.0
May 18, 2016
Anonymous Program Manager
Former
Arlington, Virginia
Minimal company perks, Aetna health insurance is relatively high, standard 401k and vacation/time off benefits aren't bad but better opportunities elsewhere.
4.0
May 12, 2016
Anonymous employee
Current
Orlando, Florida
Best thing is really the 401K and the health and dental insurance. Employee discounts could be better.
3.0
May 12, 2016
Anonymous employee
Former
Richland, Washington State
+: Health insurance, 401k,part-time telecommuting in some cases
-: To quote the HR manager at my induction meeting on my hire date: "The benefits package just gets worse and worse". In my case, for my spouse and I, the basic benefits cost more than $500 per month.
4.0
May 11, 2016
Anonymous employee
Former
Sunnyvale, California
The LM pension was discontinued in 2006 and now the last employees with a pension are losing their ability to accrue pension years of service. The health care options have been reduced from what they were pre-2010 and cost more.
3.0
May 10, 2016
Anonymous employee
Former
Arlington, Virginia
There is only 1 health insurance option, and it's pretty expensive.
3.0
May 9, 2016
Anonymous employee
Current
Sunnyvale, California
Medical has very high deductibles.
4.0
May 6, 2016
Anonymous employee
Former
Littleton, Colorado
easy to understand and make appropriate selections; can only make selections once a year and when there is a change in the employee's status (i.e., marriage, divorce, death, birth, adoption, etc.)
3.0
May 6, 2016
Anonymous employee
Former
Washington, District of Columbia
Best: 50% 401K match up to 8% employee contribution + 2% annual salary contribution in lieu of pension.
Worst: Poor office environment to work in.
4.0
May 4, 2016
Anonymous Manager
Former
Fort Worth, Texas
There really isn't a best and worst. Fairly good plan as most companies have eliminated pension plans putting the risk on the individual
3.0
Apr 28, 2016
Anonymous Systems Engineer
Current
Syracuse, New York State
Best: large amount of vacation
Worst: average pay at best