Alcatel-Lucent, Murray Hill, N.J., added a balanced real asset commingled fund managed by Wellington Management as an investment option in its 401(k) plan, according to employee materials posted on the company's website.
No funds were removed as a result of the balanced real asset fund's inclusion in the plan's investment option lineup.
Also, in the target-date fund lineup, the 401(k) plan added two new underlying investments: a customized real asset fund managed by Wellington Management, and an emerging markets equity fund managed by T. Rowe Price.
The 401(k) plan also added the Short Term Bond Fund, replacing the Stable Value Fund. Both funds are managed by BlackRock and Pyramis Global Advisors.
As of Dec. 31, the balanced real asset commingled fund's allocation was 54% fixed income, 29.5% global inflation-sensitive equities and 16.5% commodities.
The fixed-income allocation was split into 50% U.S. inflation-linked bonds and 4% emerging markets inflation-linked bonds.
Global inflation-sensitive equities were split into 15% energy, 5% agriculture, 3.5% precious metals equities, 3% enduring assets, and 3% metals and mining.
Commodities were split into 15% diversified commodities and 1.5% precious metals commodities.
As of Sept. 30, the Alcatel-Lucent Savings Plan had $6.6 billion in assets, according to a Pensions & Investments estimate.
Scott Deo, director-investment operations, and Kurt Steinert, spokesman, did not return phone calls by press time.
