Lockheed Martin benefits

Lockheed Martin has a very comprehensive benefits package. Full medical (including dental and eye), educational assistance, 401k match, cash accumulation retirement plan, disability insurance, life insurance, 3 to weeks vacation depending on tenure.

Insurance provider is not widely accepted in the area.

Average benefits all around. Have had better and worse at other companies.

Only one health plan option with high out of pocket expenses on top of cost of insurance.

Like most companies now that Affordable Care Act is here, health benefit premiums are climbing while benefits are dropping and deductibles are going up. Lockheed Martin is doing their best to offset it with Virgin Pulse program earning health spending account, but compared to the benefits we used to get, current plan is, for lack of nicer terms that convey it effectively, crap.

Relocation fee is not as good as other companies, but better than nothing.

The best part is that it was put together by our union. The worst part is that Lockheed Martin kept two of our employees plus the union rep. up until 2 AM trying to make them collapses and lower wages, including benefits from $18-$19 per hour to $10. per hour.

no stock offerings, one health plan to pick from, high deductible, 401k matching 50% up to 6%.

Great and gives the employees flexibility

The best thing about the benefits package is that all benefits began immediately. I suppose the worst thing about the benefits package is that Lockheed stopped offering a retirement package a couple of years before I began work there and only offered the 401k.