Benefits Leader Reins In 401(k)s

What IBM has initiated - to curb escalating retirement expenses - will have BIG ramifications for your retirement planning. Expect others in the corporate world to watch and adopt.

".....the financial implications for employees could be significant."


From WSJ

By KELLY GREENE

International Business Machines Corp., IBM +1.19% a bellwether for employee benefits, is overhauling its retirement program to contribute once a year to employee 401(k) accounts in a lump-sum payment.

Starting next year, IBM's contributions, which generally range from 6% to 10% of pay, will take place Dec. 31. Workers who leave the company before Dec. 15 won't qualify for the match, unless they retire.

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