Morgan Stanley 401k Plan PSDS Scan 12/31/2008

This plan as of 12/31/2008 had 22% of the plan invested in company stock MS which had a negative 5yr annualized return 0f -17.85%. That reduced the employee porfolio return to a negative 5yr APR = -2.28%. The Balanced portfolio had 77.7% invested in the stable value fund SVF.hpx in the scan and the employee portfolio had 19.2% in the stable value fund. This not a bad plan but the company stock like many other bank stocks have been in a Black Swan market for more than a year.