Timothy Sumer

We review the Lockheed Martin 401k Plan that is administered by Empower Retirement and we discuss the different investment options such as the Target Date Funds, S&P 500 Indexed fund and other funds that are available to participants. We touch base on different factors that can influence whether you will reach your retirement/financial goals and things to think about from an expense perspective. We also mention the "SDBA" Self Directed Brokerage Account plan option and how participants can utilize this to invest in individual stocks, bonds, ETFs and mutual funds. WE ARE NOT AFFILATED WITH LOCKHEED MARTIN OR EMPOWER RETIREMENT. Copper Canyon LLC is a state of Florida Registered Investment Advisor. We are regulated by the office of financial regulation in Florida. CRD#286061 ALL INVESTMENTS INVOLVE RISKS. You should speak to a financial professional to find what is appropriate for your portfolio. Learn a "rolling over a 401K here" Learn abou

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.