Monday, November 30, 2009

Devry 401k (PSRP) Plan PSDS Scan 12/31/2008



















This plan was helped by company stock DV which had a 5yr APR = 18.14% and the Balanced portfolio had 5.7% in the stock. The employee portfolio had 11% in the stock and 21.5% in the Prudential income fund contract represented by GIC.ekx in the scan. The so called Balanced portfolio had only one equity investment, DV stock.

Wednesday, November 25, 2009

Ashland 401k (SP) Plan PSDS Scan 12/31/2008


























This is a large plan with 48 funds in the scan. Company stock ASH had a 5yr APR of -17.22% and was very volatile. The employee portfolio had 6% of their money in company stock and a negative 5yr APR of -0.18%. The Balanced portfolio was distributed among 14 funds and with the largest invetment of 25.2% in a cash account FRTXX in the scan. The funds were PCVAX 2.4%, FICDX 3.9%, FHKCX 2.8%, FEMKX 2.2%, FGOVX 15 %, FIGRX 0.2%, FISMX 0.2%, FLATX 8.1%, FNMIX 1.7%, FSUTX 4.3%, PTTRX 11.8%, TPINX 17.6%, OAKBX 4.6% and FRTXX 25.2%. The Fidelity cash portfolio was represented by FRTXX.

Tuesday, November 24, 2009

Affiliated Computer Services 401k (SP) PSDS Scan 12/31/2008

















This plan was not helped by company stock ACS and the Balanced portfolio invested 80.2% of the plan in the Wells Fargo stable value fund DSVG1 in the scan. It was also the largest holding in the employee portfolio as of 12/31/2008 at 24.8% of the plan. That was enough to produce a positive 5yr APR = 1.29% for the employee portfolio but not enough for a positive 5yr Sharpe ratio. The Mellon funds without 5yr data were replaced by similar Vanguard funds as possible.

Monday, November 23, 2009

Allegheny Energy 401k (ESOSP) PSDS Scan 12/31/2008

















This plan was helped by company stock AYE and the Balanced portfolio had 5.3% in the stock
and 88.2% in the stable value fund SVF.hpx in the scan. The employee portfolio had AYE as their largest holding which helped their portfolio to a 5yr APR of 7.6% and a positive 5yr Sharpe ratio. The T. Rowe Price target retirement funds without 5yr data were represented by Fidelity Freedom funds for the same target year.

Friday, November 20, 2009

Dress Barn 401k (SP) Plan PSDS Scan 7/31/2008

















The latest SEC 11-k report for this plan is for 7/31/2008 and it provides an interesting look at a plan before the 2008 sell off began. I used FUNDG as a proxy for the stable value fund because that data were available by month. The Balanced portfolio has investments in all the plan funds and 49.3% in the stable value fund. It was also the largest employee holding at 8.3% of the plan. The employee portfolio had a 5yr APR = 10.54% and a Sharpe ratio of 1.58.

Thursday, November 19, 2009

RALCORP HOLDINGS 401k (SIP) PSDS Scan 12/31/2008



















This small plan has Vanguard as trustee and invests mostly in their funds. The so called Balanced portfolio has 82.7% in vested in a Vanguard stable value fund VRST in the scan. It is also the largest holding of the employee portfolio as of 12/31/2008. Company stock RAH has done well with a 5yr APR = 13.8% and a positive 5yr Sharpe ratio.

Wednesday, November 18, 2009

Massey Energy 401k (PSP) Plan PSDS Scan 12/31/2008

















This plan was hurt by company stock MEE and 2008 like many. The Balanced portfolio is 98.1% invested in the stable value fund SVF.hpx in the scan and the employee portfolio has 43.5% invested in the stable value fund. The off the chart volatility of the company stock continues and it is up 194.2% YTD as of 11-17-2009. Keep in mind volatitly kills compounding.

Monday, November 16, 2009

Alcatel-Lucent Savings Plan PSDS Scan 12/31/2008

















Alcatel acquired Lucent 11/30/2006 and the Lucent Savings Plan became the Alcatel-Lucent Savings Plan. The SEC 11-k report for 12/31/2008 lists only the investments that represent 5% or more of the plan and that does not include company stock ALU which had a 5yr APR of -29.48%. The plan trustee is Fidelity and I used Fidelity funds and one ETF fund for the "Lucent" SMA funds in the plan. The Balanced portfolio has 77.1% of the plan in the stable value fund FMIP in the scan and the employee portfolio also has the stable value fund as its largest holding at 34.3%.

Friday, November 13, 2009

MOSAIC 401k (IP) Plan PSDS Scan 12/31/2008


















This company stock MOS has the highest STD of any scanned to date, STD = 156.90%. The Balanced portfolio is another lifeboat portfolio with 93.0% invested in the stable value fund VRST in the scan. It is also the largest holding of the employee portfolio which also has 18.4% invested in company stock producing a 5yr APR = 7.77%.

Thursday, November 12, 2009

Fortune Brands 401k (RSP) Plan PSDS Scan 12/31/208

















Like many plans this one was hurt by company stock FO and 2008. The plan has no stable value fund but does have a money market fund FRTXX and that is where 67.8% of the money is in the Balanced portfolio. The employee portfolio has 4.1% of the plan in company stock. The plan trustee is Fidelity and they have an excellent stable value fund which would be a nice addition especially for those about to retire and retirees.

Tuesday, November 10, 2009

Nokia 401k (RSP) Plan PSDS Scan 12/31/2008


















This plan was last scanned 6/30/2008. A lot happend in the next six months including the addition of Seimens participants. The Balanced portfolio has 86.6% of the plan in the stable value fund FMIP in the scan. It is the largest employee holding too as of 12/31/2008.

Monday, November 9, 2009

Spectra Energy 401k (RSP) Plan PSDS Scan 12/31/2008

















This company stock does not have 5yr data but it does own DUK as well as SE stock in the plan and a composite was used in the scan. The Balanced portfolio had 83.1% of the plan in PTTRX and 16.9% in the SSgA conservative balanced portfolio SMA fund. The employee portfolio had over 60% their money in company stock as of 12/31/2008 which delivered a small negative 5yr return.

Wednesday, November 4, 2009

ATMOS Energy 401k (SPT) Plan PSDS Scan 12/31/2008


















Another lifeboat portfolio with the Balanced portfolio having 92.2% of the plan in the stable value fund represented by the index SVF.hpx in the scan. The employee portfolio had company stock ATO as their largest holding at 37.4%. That reduced their 5yr APR to 2.09%. In the scan the T.Rowe Price target retirement funds without 5yr data were repesented by the corresponding year Vanguard fund.

Tuesday, November 3, 2009

Genworth Financial 401k (RSP) PSDS Scan 12/31/2008


















This company stock GNW did not have 5yr data as of 12/31/2008 and was not included in the scan. The Balanced portfolio had 78% of the plan in the stable value fund SVF.hpx in the scan. The employee portfolio largest holding was the BGI pension strategy trust fund represented in the scan by FUNDF in the US Governement 401k (TSP) plan. All in all a good plan but company stock as of 11/2/2009 had a 5yr average APR = -14.1% according to Morninstar. The employee portfolio had 2.5% invested in the stock as of 12/31/2008.

Monday, November 2, 2009

Genentech 401k Plan PSDS Scan 12/31/2008


















This company was bought by Roche 3/26/2009 for $95/share. The scan is based on the last SEC 11-k form I could find. The Balanced portfolio has most of the plan in a Fidelity stable value fund FMIP in the scan. The employees owned 1.1 million shares of company stock DNA in the plan and I put that money in a Fidelity money market fund in the scan.