David Carroll

April 13, 2021

News

Lockheed Martin 401(k) plan fund changes

Lockheed Martin announced a change to their current 401(k) plan lineup.  Aside from some funds being renamed, the major changes are:

  • Retiring the Global Real Estate Fund. This eliminates exposure to REIT’s in the plan unless you invest in a Target Date Fund
  • Retiring the Emerging Markets Indexed Equity Fun. This change eliminates exposure to Emerging Markets as a separate asset class, and they will be combining International Developed and Emerging Markets exposure in one fund, to be titled “Global Ex-US Equity Index Fund”

We view this change as favorable to the younger, less sophisticated investor as the options are simplified and streamlined.  However, there are less options available for the clients we build custom 401(k) portfolios for.

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