2/21/2006: Plan Sponsor of the Year, IBM, Ahead of Its Time (PLANSPONSOR)

Excerpt: While it has garnered fewer headlines, Big Blue's proactive approach also has led the company to find innovative ways to offer some of the plusses of a traditional pension plan within the defined contribution context. The company claims that its 401(k) plan participants pay much less than do workers at most comparable employers, and it recently has introduced groundbreaking new features to the 401(k) plan that seem destined to be the wave of the future[.]