) - held $44 billion of 401 assets for some 66,000 workers at the end of 2018, 36% of which was made up of company stock, according to the filings that contain the latest available data.
He said company stock can easily accumulate in 401 accounts that receive matching contributions in shares, and that workers tend not to rebalance their portfolios when they get lopsided. “Ultimately, participants go where they are nudged.” But workers at Chevron were near the top of the list with the most lopsided bets on company shares. Chevron’s 401 plan held $6.4 billion in company stock at the end of 2018, or 38% of nearly $17 billion in net assets, disclosures show.
Exxon stopped matching in company shares in 2006. But investing in company stock remains one of many investment options for employees, company spokeswoman Ashley Alemayehu said.
Mintgecko Oh please - Canadian oil has been in a bear market since 2014.
Which is the reason you never bet your own horse.
The assumption here seems to be ignorant of the price hedging that US oil companies use to reduce exposure to wild swings in price....
If your retiring today. Please
Not again 🤦♂️ when will they learn? Enron anyone?
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