Allegheny Technologies files several 11-k reports every year. The scan this year is for "The 401k Plan" which is a little different from last years 401k scan. In this Plan the Self-directed accounts have different investment options and they are not in the scan.
The Balanced portfolio 5y APR at 4.61% is below average and the Sharpe ratio at 1.44 is above average. That is because the GIC is over 50% of the Balanced portfolio. Company stock ATI has a 5yr APR of 10.6% but is very volatile reducing the stocks Sharpe ratio to 0.089 and it is only 1.3% of the Balanced portfolio. In the scan VTXVX holds all the Target Date Funds to keep from distorting the standard deviation forecast. TDF funds are not diversified by design. The employee portfolio collective TDF funds holdings are more than the company stock ATI which is 12.5% of their portfolio. In my opinion anyone near retirement should have more in bond funds than this employee portfolio which has 5.3% collectively in VBMFX, VIPSX and VTINX. The Balanced portfolio has 27% invested in these funds.
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