The FMC Technolgies 401k plan Balanced portfolio continues to be helped by company stock FTI which is volatile. Interestingly the 5yr portfolio performance is a bit lower than last year because the stable value fund FMIP2 in the scan is a bit lower. That is a good sign. The Balanced portfolio is much more diversified this year as seen in the 3D scan image. It also shows the employee portfolio asset allocation for assets > 5% of the plan.
The Balanced portfolio continues to be helped by company stock AEP but not as much as last year. The plan trustee is JP Morgan Chase and the current SEC 11-k report investment options are mostly Mellon Capital Management and JP Morgan SMA funds and a large domestic common stock trust. The scan this year is a bit different from previous years. In the scan the JP Morgan Strategic Property Fund is represented by EIIPX and the JPMCB Liquidty Fund by VMMXX a Vanguard money market fund. The employee portfolio asset allocation for assets > 5% of plan is shown in the 3D scan image. Interestingly the largest holding is the intermediate term bond fund PGBOX in the scan and not the stable value fund or company stock.
This is a large plan that was among the best last year and will be again this year, no thanks to company stock which still does not have a positive 5yr APR. The Balanced portfolio improved performance over last year and now includes 32 of the 37 investment options in the scan. The plan has several more options with very little money invested in them that are not in the scan. The employee portfolio invested 10.5% of that portfolio in company stock as shown in the 3D scan image. I have many friends at Intel from my years at MSC Software and I wish them well.
The IBM plan Balanced portfolio was helped by company stock IBM and it invested 4.3% of the portfolio in the stock. The employee portfolio invested 6.0% in the stock as shown in the 3D scan image. This plan has 32 investment option catagories listed in the SEC 11-k report and their 401k web site has over 100 investment funds in a spreadsheet like format with employee portfolio tracking tools available. IBM does take care of business. In the scan this year Vanguard funds were used for every catagory with 3 exceptions FIREX, PEBIX and PTTRX. That was to better align the scan with the 11-k report and it was less personal than last years scan.
This plan Balanced portfolio continues to be helped by company stock SWN although it is one of the most volatile stocks around. It had a bad year in 2010 and till has a positive 5yr Sharpe ratio. All but one of the investment options are in the Balanced portfolio with the stable value fund SVF.hpx in the scan being the largest holding. The employee portfolio asset allocation for options with 5% or more of the plan are shown in the 3D scan image along with the Balanced portfolio asset allocation.
The Hewitt Index historical asset allocation posted on the Web for August 2010 was used for this portfolio design scan. All 13 catagories in the index were represnted by investement options from the 249 401k plans that were scanned in 2010. I used DIA as a proxy for company stock and the self-directed window proxy is FCNTX.
Every year this plan is helped by company stock RRC and I try add it to my Sharpe stock portfolio but it is just too volatile for an old retiree. The Balanced portfolio invested 3.1% of the plan in the stock and the employee portfolio invested 43.6% in the stock. This company owns rights to natural gas fields in North America. The 3 largest holdings in the Balanced portfolio are the stable value fund (25.7%) SVF.hpx in the scan, the bond fund (22.7%) PTTRX and the international bond fund (10.3%) OIBAX. This plan has 23 options and only 6 do not have positive 5yr Sharpe ratios.
