Jefferies Group 401k (PSP) PSDS Scan 12/31/2008

Another good plan hurt by company stock and 2008. The Balanced (lifeboat) portfolio has almost all the money in Fidelity money market funds and there are lots of them. The plan does not have a stable value fund and that surprise because Fidelity has a good one, Fidelity Managed Income Portfolio. The employee portfolio as of 11/30/2008 had company stock, JEF, as its largest investment. All in all a good plan that could be better by adding a few other Fidelity funds.