Category: LMT

Will Lockheed Martin End Its 401(k) Matching Contribution?

Lockheed Martin had already begun cutting benefits before the Coronavirus took its toll on the world economy. According to Barron’s, “Lockheed Martin (LMT) finished freezing its defined-benefit pension plan on Jan. 1, 2020”. Since the pandemic hit, Lockheed Martin has certainly had to make adjustments. According to the Fort Worth Star-Telegram 2,500 employees were forced

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