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: 519
- Total Participants: 46,188
- Total Assets: $33.6M
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 | 46,188 | $33.6M | $668.9M | $164.2M |
| 2023 | 50,667 | $29.7M | $597.9M | $159.9M |
| 2022 | 53,360 | $35.4M | $509.7M | $181.7M |
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 |
|---|---|---|---|---|
| AETNA | Other Service Provider | $12,899,460 | — | $12,899,460 |
| ANTHEM INSURANCE | Other Service Provider | $11,714,941 | — | $11,714,941 |
| FIDELITY | Recordkeeper | $8,077,238 | — | $8,077,238 |
| CVS CAREMARK | Other Service Provider | $4,605,402 | — | $4,605,402 |
| MEQUILIBRIUM | Other Service Provider | $1,269,715 | — | $1,269,715 |
| VIRGIN PULSE | Other Service Provider | $1,144,765 | — | $1,144,765 |
| MERCER | Investment Advisor | $656,963 | — | $656,963 |
| WILLIS TOWERS WATSON | Recordkeeper | $476,165 | — | $476,165 |
| ERNST & YOUNG | Auditor | $404,249 | — | $404,249 |
| MERATIVE | Other Service Provider | $253,092 | — | $253,092 |
| KPMG | Auditor | $180,000 | — | $180,000 |
| ISLAND PEER REVIEW ORGANIZATION | Other Service Provider | $35,255 | — | $35,255 |
| CORE SOLUTIONS (MEDIFIT) | Other Service Provider | $33,673 | — | $33,673 |
| ALTERITY | Other Service Provider | $13,450 | — | $13,450 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY — Recordkeeper
- MERCER — Investment Advisor
- WILLIS TOWERS WATSON — Recordkeeper
- ERNST & YOUNG — Auditor
- KPMG — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,764,368
- Estimated Expense Ratio: 124.459% 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 | $45,095,457 | — | $45,095,457 | — | — |
| 2023 | $44,834,277 | — | $44,834,277 | — | — |
| 2022 | $49,928,294 | — | $49,928,294 | — | — |