Lockheed Martin Energy Systems, Oak Ridge, Tenn., added two new options, Manager Funds special equity fund and American Funds Europacific fund, to its $1 billion 401(k) plan, said Maureen Williams, pension and savings manager. The funds were added for diversification.
The plan’s other options are: State Street Global Advisors stable-value fund; Standish Ayer & Wood intermediate-term investment-grade bond fund; Standish Ayer & Wood long-term investment-grade bond fund; American Funds balanced fund; State Street Global Advisors S&P 500 index fund; American Funds Investment Co. of America fund; Vanguard Windsor fund; American Funds Growth Fund of America fund; American Funds New Perspective fund; and a company stock option, which will be phased out over the next three years.
State Street Bank and Trust is bundled provider.
