New Report on Employer Stock in 401(k) Plans

A new report from the Democratic Policy Committee in the U.S. Senate shows that 40% of Fortune 50 corporations had employer stock in their plans. Seventeen of the companies had more than 50% of their assets invested in company stock. Procter & Gamble heads the list, with 94.7%, followed by General Electric (77%), Morgan Stanley Dean Witter (77%), McKesson (72%), Home Depot (72%), and Albertsons (71%).