Disney 401k (SIP) Plan PSDS Scan 12-31-2010

The Disney 401k plan was helped by company stock DIS this year and the Balanced portfolio invested 5.7% ot the portfolio in company stock. The employee portfolio invested 24.8% of that portfolio in the stock and it is their largest holding with the bond fund PTTRX (10.7%) and the money market fund FMPXX (10.1%) rounding out their top 3 holdings. The investment options are the same and the 3D scan image is starting to look healthier to me but is still a lifeboat portfolio. Interestingly the Balanced portfolio and the employee have similar top 3 holdings but with very different percentages.

Broadcom 401k Plan PSDS Scan 12-31-2010

Like the last two 401k scans Broadcom stock BRCM is not an investment option in the plan. Howerver, this plan has a bit stronger equity line up and a Balanced portfolio 5yr APR = 7.09% with a Sharpe ratio of 1.33. Broadcom is near UCI where I have served on several advisory boards and I spent a little extra time looking at the plan. The 3D scan image has a shape similar to the Google and Apple scans because the highest return option is a conservative option, the emerging market option DFEVX is a value fund. To better image the plan I used a Sharpe ratio color coded 2D graphic of the scan and focused this scan image. Even though the plan has 28 options the design space scan shows a compact image indicating the plan options are conservative. My usual comment about target date funds applies, they are highly correlated and participants should own no more than two and some plans enforce that limit. A good plan that might be a contender this year for the top 401k plan year end list.

Apple 401k Plan PSDS Scan 12-31-2010

The Apple 401k plan does not include company stock AAPL and the Balanced portfolio has a modest 5yr APR = 4.87%.  That portfolio's largest holding is WFSRF the Wells Fargo stable return fund. I have no data on the employee asset allocation. The plan has a strong fixed income offering and a very average equity offering. The equity fund FCNTX has Apple stock as its largest holding but it is no AAPL when it comes to performance. In the scan the BGI LifePath funds were represented by the corresponding Vanguard funds which have 5yr market data.

Google 401k Plan PSDS Scan 12-31-2010

The Google 401k plan does not include company stock GOOG as an investment option. The 27 investment options in the plan produced a 5yr APR = 6.0% with a Sharpe ratio of 1.70. I have no data on employee asset allocation. In the scan three investment options, TCCMX, EIIGX and VFIFX did not yet have 5yr data and the Morningstar catagory data were used to complete 5yr market data for these three funds. The ubiquitous PIMCO bond fund PTTRX is not in this plan but a very similar total return bond fund MWTIX is in the plan and it is the largest holding in the Balanced portfolio at 28.7% of the portfolio. MWTIX also has the highest 5yr return of all the plan options which produced an unusal 3D scan image. Interesting.

Beckman Coulter 401k (SP) Plan PSDS Scan

This plan was helped by company stock BEC this year and it is in the Balanced portfolio which improved performance over last year. However it is still a lifeboat portfolio with the 3 largest holdings being the stable value fund (34.5%), the money market fund PRRXX  (14.5%), and the Fixed Income Fund BKT in the scan at 13.4%. The three largest holdings in the employee portfolio are the stable value fund, TRBCX and company stock. Not a bad plan but the 5yr performance is just average.

Hawaii 457 (I$P) Plan PSDS Scan 12-31-2010

The state of Hawaii 457 plan has a Balanced portfolio a bit above average with a 5yr APR = 5.96% and a Sharpe ratio of 1.95. In the scan the BlackRock Income Trust is BKT and the 2015 Fund etc. are the Vanguard funds which have 5yr data. The BlackRock SM/Mid Cap Index in the scan is FUNDS the same US Government 401k plan fund also provided by BlackRock. A good plan with a stylish name, Island $avings Plan.

PepsiCo 401k Plan PSDS Scan 12-31-2010

The PepsiCo 401k plan has a New Fund Line Up and now offers 12 core funds plus the existing 9 target date funds. Check plan documents on the web for details. Most of the new funds are from BlackRock and several of the old core funds like RYLPX are still in the plan but not all. FDIVX is now closed to both new contributions and transfers. Company stock PEP helped plan performance a little and the Balanced portfolio invested 1.6% of the portfolio in the stock. The employee portfolio invested 27.5% of that portfolio in the stock. All in all a good plan that improved its Fixed Income offering with the addition of the PIMCO bond fund PTTRX.