International Business Machines Corp., Armonk, N.Y., is adding a feature to its $21 billion 401(k) plan that automatically rebalances participants' accounts every 90 days to their chosen asset allocations, said Kendra Collins, IBM spokeswoman. 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.
Separately, the plan added a Barclays Global Investors REIT fund and a PIMCO High Yield and Emerging Markets bond funds to its investment options, said Ms. Collins. The plan now offers 23 options.