Chevron 401k (ESIP) Plan PSDS Scan 12-31-2011

Chevron's 401k and stock CVX continue to do well but the Balanced portfolio invested only in income funds except for 7.8% invested in company stock. The employee portfolio invested over 50% of that portfolio in company stock again this year. This plan is one of my favorites and I have owned over the years many of the Plan investment options but the last 5 years have not been kind to equity funds. VINIX for example has top 10 holdings that include Apple and other outstanding stocks but the funds 5yr return is slightly negative. The employee portfolio looks good to me but I would reduced the CVX holding a bit if you are near retirement.