Plan Snapshot
- Plan Sponsor: International Business Machines Corporation
- Sponsor EIN: 130871985
- Sponsor Address: ONE NEW ORCHARD ROAD, MD 261, ARMONK, NY, 10504
- Plan Type: Health & Welfare
- Plan Number: 518
- Total Participants: 10,141
- Total Assets: $15.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 10,141 | $15.1M | $213.4M | $33.6M |
| 2023 | 12,067 | $19.5M | $246.7M | $38.3M |
| 2022 | 13,523 | $13.6M | $357.0M | $43.2M |
| 2020 | 19,659 | $17.3M | $339.9M | $55.7M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY | Recordkeeper | $2,692,413 | — | $2,692,413 |
| AETNA | Other Service Provider | $1,229,613 | — | $1,229,613 |
| UNITED HEALTHCARE | Other Service Provider | $1,160,541 | — | $1,160,541 |
| ANTHEM INSURANCE | Other Service Provider | $931,576 | — | $931,576 |
| CVS CAREMARK | Other Service Provider | $237,113 | — | $237,113 |
| METROPOLITAN LIFE | Other Service Provider | $103,228 | — | $103,228 |
| ERNST & YOUNG | Auditor | $55,125 | — | $55,125 |
| BUDCO | Other Service Provider | $9,462 | — | $9,462 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY — Recordkeeper
- ERNST & YOUNG — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,419,071
- Estimated Expense Ratio: 42.407% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $6,420,571 | — | $6,420,571 | — | — |
| 2023 | $8,278,255 | — | $8,278,255 | — | — |
| 2022 | $7,766,418 | — | $7,766,418 | — | — |
| 2020 | $8,674,878 | — | $8,674,878 | — | — |