# International Business Machines Corporation Health & Welfare Plan
Source: https://planprovider.pro/companies/international-business-machines-corporation-130871985-518

> International Business Machines Corporation's Health & Welfare plan: 10,141 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fidelity-investments) — Recordkeeper

- [ERNST & YOUNG](https://planprovider.pro/provider/ernst-and-young-llp) — 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|—|—|

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