Friday, August 13, 2010
XTO Energy 401k Plan PSDS Scan 12-31-2009
A lot has happened since the scan last year. The company XTO Energy is now owned by Exxon Mobile and the company stock in the scan is XOM. Today 8-13-2010 was the last day the old stock was listed. The Balanced portfolio invested 6.6% of the plan in XOM stock and 75.1% of the plan in the Wells Fargo stable value fund DSVG1 in the scan. The employee portfolio investment in company stock was 75.2% of the portfolio using 12-31-2009 asset allocation data. That is way too much even for Exxon Mobile stock in my opinion especially for a retiree.
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