The last Textron scan was 11-2008 just as the market was starting to crash. Company stock recovered a bit in 2009 but not enough to have a positive 5yr return. The Balanced portfolio is invested in 11 of the plan funds but most of the money is in the GIC 40%, the stable value fund 26.9% and the money market fund FIDXX 17.6%. The GIC is not a participant directed investment option but it is in the plan. The employee portfolio has company stock TXT as its largest investment at 28.2% which produced a negative 5yr return.
No comments:
Post a Comment