The Hess 401k was helped by company stock HES and the Balanced portfolio invested 3.6% of the portfolio in company stock. The employee portfolio has 38.8% of that portfolio invested in company stock, too much for a retiree in my opinion. The stock is very volatile. However, the employee portfolio does have a 5yr APR = 8.60% with a positive Sharpe ratio of 0.32. Not too bad. Their 3 largest holdings are company stock, the money market fund BRRXX and the 2020 target date fund TRRBX. All in all a good plan with good diversification.
No comments:
Post a Comment