PACCAR 401k (SIP) Plan PSDS Scan 21-31-2010

The PACCAR 401k Balanced portfolio was helped by company stock PCAR again this year and it remains a volatile stock with an off the chart STD of 41.11%. The stock is still the largest holding of the employee portfolio by far with the next two largest holdings being FCNTX and the stable value trust fund FMIP2. There were a few changes in the Plan investment options and one of them, FASIX, is in the Balanced portfolio at 8.6% of the portfolio. PTTRX remains the largest holding. A good plan and a good but volatile company stock.

APTARGROUP 401k (PSSP) PSDS Scan 12-31-2010

The APTARGROUP 401k Balanced portfolio invested 13% of the Plan in company stock ATR this year. It did very well in 2010 and has a 5yr APR of 14.4% with a 5yr Sharpe ratio of 0.526. There were very few changes in investment options and the scan this year included the Fidelity stable value trust fund FMIP. The Balanced portfolio 5yr APR of 6.41% is above average. This is a good 401k Plan helped by company stock this year.

IRA 2012 Portfolio Design Study 12-31-2010 Data

This is a work in progress and will change during year end testing. The Blog is a convenient way to interact with others involved in the review process.

A Reed Elsevier Roth 401k Rollover Portfolio Scan 12-31-2010

The Reed Elsevier US Salary Investment Plan has a Roth 401k Rollover Elections form on the Web. It caught my attention and here is a portfolio design scan for those Elections or a proxy if they do not yet have 5yr data. In the scan only the Target Date Funds, Income and 2020 are in the scan for the usual reasons, they are highly correlated by design. Many 401k Plans limit participants to one or two TDFs for the same reason. In the scan the US Government 401k (TSP) Target Date Funds for Income & 2020 are proxies.

SSgA Yield Enhanced Fund...................................SSHYX
SSgA Bond Market Index Fund.............................SSBMX
SSgA Target Retirement Income Fund....................L-inc
SSgA Target Retirement 2020 Fund........................L2020
Dodge & Cox International Fund......................DODFX
SSgA S&P 500 Index Fund..............................SVSPX
Domini Social Equity Fund.......................................DSEFX
SSgA Russell 2000 Index Fund................................IWM
Hartford Midcap HLS Fund.....................................HIMCX
Smith Barney Large Cap Growth..............................TLGUX
American Funds Fundamental Investors Fund...........ANCFX
SSgA Emerging Markets Fund.................................SSEMX
Hartford Small Company HLS Fund.........................MDY
SSgA Daily EAFE....................................................EFA
American Funds New Perspectives...........................ANWPX

The Balanced portfolio by rule only contains investment options with a positive 5yr Sharpe ratio and a few funds like DSEFX have 0% invested in them. The Balanced portfolio 5yr APR is 6.62% which is above average but the STD volatility risk is probably too high for some retirees. I found this rollover form an efficient and interesting way to define Roth 401k options for employees.

Marsh & McLennan 401k (SIP) Plan PSDS Scan 12-31-2010

The Masrsh & McLennan 401k was last scanned in 2008. Since then the Balanced portfolio has improved to a 5yr APR of 5.41% with a Sharpe ratio of 2.01 and it is still a lifeboat portfolio. It has over 70% invested in the GIC and the bond fund PTTRX. The employee portfolio includes money in company stock MMC and a large GIC. According to the SEC 11-k report those two options amounted to 0.5% of a large Master Trust that holds money for several retirement plans. I included those two investment options in the scan this year. The employee portfolio's largest holding is collectively the LifePath Target Date funds represented by STLAX and STLCX in the scan. That is a trend I see more often in 401k plans now. All in all a good Plan but not a very good company stock the last 5 years.

Cytec Industries 401k (ESP) Plan PSDS Scan 12-31-2010

The Cytec 401k Plan was not helped by company stock CYT which has a 5yr APR of 3.05% and a barely positive Sharpe ratio of 0.004. Cytec is large specialty chemicals company that also makes composite materials for Boeing and other aerospace companies. The Plan is small and Vanguard is the trustee I think. The SEC 11-k report only provided investment options at the category level and I used Vanguard funds mostly in the design scan. The Balanced portfolio three largest holdings are VRST the stable value fund, a bond fund VBIIX and VBINX a balanced fund. The employee portfolio largest holdings are company stock CYT, VRST and VBINX. A good plan and a company that provides specialty materials and processes to several industries.

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

The Travelers 401k (SP) Plan Balanced portfolio's performance improved over last year but remains a conservative lifeboat portfolio. It has most of the Plan in a GIC and two income funds PTTRX and VRST a stable value trust fund. The GIC is also the largest holding of the employee portfolio followed by two equity funds VINIX and AGTHX. Company stock TRV has a 5yr APR of 6.94% with a Sharpe ratio of 0.29 and it is in both the Balanced and employee portfolios. This insurance company 401k Plan is conservative with a good company stock the last 5 years.