Lockheed Martin benefits

health insurance is sub par.

Having the retirement is nice, but it is being replaced by a type of salaried savings plan. Being able to accure 10-weeks of vacation is pretty from what I have heard from people at other companies.

Their new health plan LM Heatlhworks was like a predecessor to Obamacare with high deductible and monthly payments with Aetna just a paperwork pass-through.

They're abundant - with everything that's offered it's hard to keep track of it all, but their HR folks are always willing and happy to help.

Good 401k match, average vacation time, poor medical benefits, no bonus.

Health insurance is very good. The company offer medical, dental, vision, life, accidental insurance.

Great Benefits! Medical, dental, vision and life insurance are very reasonable. 401(k) is matched up to 8%, which is great!

In the eleven years I've been with the company they continue to reduce benefits, but then try to sell it as though it is an improvement. It's not, never has been... They say it's stay competitive, but what do the execs make? What is a truly a a sacrifice to someone already making millions? I'd say it's less even if it's a percentage... your probably still going to be able to afford your trip around the world or whatever that check affords you... mine won't... Costco is getting it now, only way to keep up with your down sizing.

There has been alot of buzz around the office as LM recently got rid of their pension...not that I had one anyways. This was more of a legacy perk. I've had pretty good success with LM's capital accumulation plan. They do not match 1:1 but they do give us something. I've used our employee discounts a bunch and the valet service is awesome. Also, work/life balance is definitely possible, if you want it. I work from home all the time and take my vacation regularly. One point that does bother me-- we do not get some standard holidays off such as Veteran's Day. Not sure how that decision was made as a defense contractor. Seems counter-intuitive.

Middle of the road. Lacking pension and below level medical coverage. Vacation has decreased.