Reliance Steel & Aluminum 401k PSDS Scan 12/31/2008

This plan was helped a little by company stock RS and hurt by 2008. The Balanced portfolio had most of the money in the stable value fund FMIP in the scan. The employee portfolio had a money market fund FRTXX and company stock as their two largest holdings but they also had money in several target retirement funds that have not done well. Most have negative 5yr returns and 1.1% was the best return of any fund in that group. Bonds out perform them in most plans.