PhillyInc

Employees of Ikon Office Solutions Inc. (NYSE: IKN) have to hope that their company does well. The company said in an SEC filing today that just under a third of their $755.8 million retirement fund, or $225.2 million, was invested in Ikon common stock as of the end of 2006. That's a lot of nest eggs in one basket. The Malvern document management company's next largest investment is $88.7 million in the Invesco Stable Value Fund. It has two $57 million investments in Vanguard funds. That's all well and good if Ikon's stock does well. Last year the retirement fund rose from $608.4 million to $755.8 million, alongside a rise in Ikon's share price from about $12.15 a share to just above $17 from January to January 2006-2007. But on Jan. 25 this year, the stock dropped more than $2 a share in one day. It's now trading in the $14 to $15 range.
- Jane M. Von Bergen