IBM Corp. , Stamford, Conn., will outsource the administration of its...

IBM Corp., Stamford, Conn., will outsource the administration of its $56 billion pension plan, its health and welfare plans, and human resources functions to Fidelity Employer Services, a division of Fidelity Investments. Terms of the deal were not disclosed. As part of the arrangement, 450 IBM employees who provide transaction and administrative support to IBM’s U.S. employees and retirees will transfer to Fidelity.