The year over year improvment in the plan increased the number of investment options in the Balanced portfolio to 10 and reduced the FE stock holding to 3.2% based on its current 5yr Sharpe ratio. The employee investment in company stock remains high at 23% which is too high for a retiree in my opinion. The Balanced and employee portfolios had similar 5yr returns of 4.96% and 4.30% but the employee portfolio was 3 times more volatile. A press release filed with the SEC per Rule 425 on 5-27-2009 confirmed a proposed merger with Allegheny Energy.
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