My interest is in scanning 401k portfolios to image the efficient frontier and highlite portfolios that have high risk adjusted returns. The portfolio with highest Sharpe ratio will appear in the scan image for each 401k plan posted.
Tuesday, November 8, 2011
Paychex Inc. 401k (IRP) Plan PSDS Scan 12-31-2010
The Paychex 401k Plan has not been scanned before. Company stock PAYX pays a nice dividend but the stock total return 5yr APR is negative. The Balanced portfolio 5yr APR of 4.93% is little below average and its largest holdings are all bond funds and income options. In the scan the ClearCourse variable annuity is represented by the Wells Fargo Stable Return Fund, WFSRF. The largest equity holding STCSX is only 4.8% of the Balanced portfolio. Company stock PAYX is the largest holding of the employee portfolio which has a 5yr APR of 3.22%. The Plan could use a few new equity options in my opinion.



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