The Lockheed Martin Empower 401k plan underwent some major changes recently. The company has a subsidiary called LMIMCo “Lockheed Martin Investment Management Company” and they act as plan fiduciaries to the company 401k plan. LMIMCo added new investment funds and they focused the 401k fund options to benefit employees.

Starting April 26th, 2021, all plan participants are required to make a decision about opting in or out of an automatic re-balance that is expected to take effect on May 20th, 2021. The opt in or out can be located at the sign in page of Empower and plan participants will be required to make a decision about the opt out.

Other than adding and removing funds from the 401k, the plan remains much the same. The new investment options appear to be benefiting employees because expense ratios have declined.

Disclosure: We are not affiliated with Lockheed Martin or Empower Retirement.

Disclosure: There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.

Copper Canyon LLC is a State of Florida Registered Investment Advisor. More information can be found about our firm by visiting https://brokercheck.finra.org/​ and typing Copper Canyon LLC into the search box. All information detailed should not be interpreted as investment advice and you should do your own research before making an investment decision.

Firm CRD 286061. Dylan Quintilone CRD 6732024, Paul Clay CRD 7145606.

Empower LMCO

#Empower #LockheedMartin #Retirement #401K

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