Southern Co. 401k (ESP) Plan PSDS Scan 12-31-2009

Company stock SO was down not up in 2009. That continued the lifeboat portfolio trend for the Balanced portfolio which invested almost everything in the stable value fund SVF.hpx in the scan and a GIC trust. The employee portfolio invested 60.7% of the plan in company stock which still has a positive 5yr APR = 4.33% but with more volatility risk. Not a prudent portfolio in my opinion. The plan needs better equity diversification.