Lockheed Martin Employee Benefits Value Calculator
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Lockheed Martin
Calculated May 29, 2026
Benefits Breakdown
Health Insurance (Individual) | $7,500 Based on KFF 2023 Employer Health Benefits Survey — average employer contribution for single coverage |
Health Insurance (Family) | $22,000 Based on KFF 2023 Employer Health Benefits Survey — average employer contribution for family coverage |
Dental Insurance | $750 Industry average employer dental premium contribution (BLS 2023) |
Vision Insurance | $200 Industry average employer vision premium contribution (BLS 2023) |
HSA Employer Contribution | $1,000 Average employer HSA contribution (EBRI 2023) |
Flexible Spending Account (FSA) | $500 Average employer FSA contribution — tax savings value |
Mental Health CareMental health benefits + EAP | $1,200 Based on 8 EAP sessions x $150/session avg market rate Company note: Mental health benefits + EAP |
Life Insurance | $300 1x salary basic life insurance, averaged to $300/yr employer cost (BLS) |
Disability Insurance (Short & Long Term) | $600 Employer-paid short + long term disability, avg $600/yr (BLS) |
401k Employer Match50% match on employee contributions up to 8% of pay | $2,800 Calculated as 4% match on $70K median salary (BLS median wage data) Company note: 50% match on employee contributions up to 8% of pay |
Employee Stock Purchase Plan (ESPP) | — 15% ESPP discount on $15K annual purchase (IRS section 423 limit) |
RSU / Stock OptionsRSU grants for senior and executive level employees | $3,000 Median RSU grant value — company-specific when overridden Company note: RSU grants for senior and executive level employees Value adjusted for this company |
Performance BonusAnnual incentive pay for salaried employees | $4,000 Average target bonus for median compensation band (BLS) Company note: Annual incentive pay for salaried employees Value adjusted for this company |
Pension / Defined Benefit PlanDefined benefit pension plan for eligible employees | $6,000 Defined benefit plan — employer annual contribution equivalent Company note: Defined benefit pension plan for eligible employees Value adjusted for this company |
Charitable Gift MatchingLockheed Martin STEM education and community matching | $5,000 Employer match on charitable donations Company note: Lockheed Martin STEM education and community matching Value adjusted for this company |
Paid Parental Leave8 weeks primary + 4 weeks secondary paid parental leave | $7,700 Paid weeks x weekly salary at $70K/yr median Company note: 8 weeks primary + 4 weeks secondary paid parental leave Value adjusted for this company |
Fertility Assistance | — Lifetime benefit amortized over career years |
Childcare Subsidy | — Dependent care FSA or on-site childcare subsidy |
Dependent Care FSA | $1,200 Tax savings on $5,000 dependent care FSA at 24% marginal bracket |
Adoption Assistance | $500 Adoption/surrogacy reimbursement, amortized |
Paid Time Off (PTO)15+ days PTO per year | $4,038 Paid days x daily rate at $70K median salary ($269/day) Company note: 15+ days PTO per year Value adjusted for this company |
Paid Holidays | $2,308 Paid holiday days x daily rate at $70K median |
Sick Leave | $1,538 Paid sick days x daily rate |
Volunteer Time Off | $615 Paid volunteer days x daily rate |
Sabbatical Program | — Paid sabbatical value amortized over qualifying period |
Free Meals / SnacksNo standard free meals at most sites | — $12/meal x 250 working days (BLS food-away-from-home pricing) Company note: No standard free meals at most sites |
Gym / Fitness MembershipGym reimbursement and on-site fitness at some facilities | $840 Average gym membership $70/mo (IHRSA 2023) Company note: Gym reimbursement and on-site fitness at some facilities |
Work From Home / RemoteHybrid for eligible roles; clearance roles often on-site | $5,000 Commute savings + home office costs (Global Workplace Analytics) Company note: Hybrid for eligible roles; clearance roles often on-site |
Home Office Stipend | — Annual home office equipment/furniture allowance |
Commuter Benefits / Transit PassPre-tax commuter benefits | $900 Pre-tax transit benefit, max $300/mo (IRS section 132) Company note: Pre-tax commuter benefits |
Employee Product Discount | — Company-specific discount value on products/services |
Mobile Phone / Plan Reimbursement | — $50/month phone stipend — standard employer reimbursement |
Company Car / Vehicle Allowance | — Annual lease equivalent value of company vehicle |
Legal Assistance ProgramGroup legal services plan available | $400 Group legal plan annual employer cost Company note: Group legal services plan available |
Employee Assistance Program (EAP) | $300 Counseling, financial, and legal assistance — annual employer cost |
Tuition AssistanceUp to $5,250/yr tuition reimbursement | $5,250 Annual tuition reimbursement (IRS section 127 tax-free limit: $5,250) Company note: Up to $5,250/yr tuition reimbursement Value adjusted for this company |
Professional Development Budget | $1,500 Annual L&D/conference/certification budget |
Conference & Training Budget | $2,000 Annual conference attendance + travel budget (SHRM) |
Certification Reimbursement | $800 Annual reimbursement for industry certifications |
About Lockheed Martin Benefits
Lockheed Martin offers an elite employee benefits package with an estimated annual value of $89,739 beyond base salary. The strongest areas of the Lockheed Martin benefits program are Insurance, Health & Wellness, Financial & Retirement, Professional Support. This calculation is based on publicly available benefit disclosures, employer cost data, and actuarial averages for the United States. Individual values may vary by role, tenure, state, and enrollment elections.
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Frequently Asked Questions
- How much are Lockheed Martin benefits worth?
- Lockheed Martin benefits are worth approximately $89,739 per year on top of base salary, based on national averages and publicly reported employer contribution rates for health insurance, retirement matching, equity, and other perks.
- What health insurance does Lockheed Martin offer?
- Lockheed Martin offers comprehensive health insurance including medical, dental, and vision coverage. Employers typically cover a significant portion of the premium for both individual and family plans. The exact value depends on plan elections and the number of covered dependents.
- Does Lockheed Martin offer a 401k match?
- Most large employers including Lockheed Martin offer a 401k or similar retirement savings plan with employer matching contributions. The match percentage and cap vary by company policy. See the full breakdown above for Lockheed Martin's specific retirement benefit value.
- What are Lockheed Martin's top employee perks?
- The top benefit categories at Lockheed Martin by dollar value are: Insurance, Health & Wellness, Financial & Retirement, Professional Support. These represent the highest-value components of the total compensation package beyond base salary.
- How do Lockheed Martin benefits compare to competitors?
- Lockheed Martin's total benefits value of $89,739/year can be compared side-by-side with other employers using Corbez's free benefits comparison tool. Use the links below to see how Lockheed Martin stacks up against Google, Meta, Microsoft, and other top employers.