Company ESOP as percentage of portfolio

I've been with my current company for about 6 years, and have become fully vested in the ESOP plan as of last year.

I've been maxing out my 401k, and the current balance is around $175,000. My company ESOP account is at a similar balance around $175,000. ESOP shares are allocated each year based on a percentage of salary, and appreciate based on company value.

If the ESOP continues to pace my 401k, I could see it becoming a significant percentage of my overall retirement portfolio by the time I reach my FIRE date in 15 years or so.

Do you guys see being locked into company stock like this as a risk? Would you consider moving companies just to diversify those funds?

submitted by /u/conconcon
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