The $4.5 billion 401(k) plan at Eli Lilly & Co. underwent a bit of an overhaul this month, adding a real assets option, increasing exposure to emerging markets and including a fixed-income option.

It's been almost eight years since the plan was reviewed.

"The driver was a part of Lilly's commitment to better benefits and competitive benefit plans for our employees," said Bryan Dunnivant, investment director of the pension and benefits group.

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