ConAgra Foods 401k (SP) Plan PSDS Scan 12-31-2010

The ConAgra 401k Balanced portfolio's performance improved a little over last year and company stock CAG is 2.4% of the portfolio. Last year it was 0.0%. The SEC 11-k report does not include employee asset allocation data and a Uniform portfolio is provided for comparison purposes. The ConAgra 401k limits a participant's Target Date investment to one of the 12 Alliance Bernstein Target Date funds in the Plan. I think that is prudent given the highly correlated nature of these funds independent of the provider. Several 401k Plans have a similar rule. All things considered this is a good Plan that would be better if a few sector funds were among its equity options. Morningstar defines 8 sector categories from communications to utilities.