International Business Machines Corp., Armonk, N.Y., added a Barclays Global Investors REIT fund and PIMCO High Yield and Emerging Markets bond funds as investment options in its $21 billion 401(k) plan, said Kendra Collins, IBM spokeswoman. The plan now offers 23 options.
Separately, the plan is adding a feature that automatically rebalances participants' accounts every 90 days to their chosen asset allocations, said Ms. Collins. The plan will also allow departing participants to roll over all or part of their savings into a new annuity feature. It will also offer a new mutual fund window next year.