Plan Snapshot
- Plan Sponsor: International Business Machines Corporation
- Sponsor EIN: 130871985
- Sponsor Address: ONE NEW ORCHARD ROAD, MD 261, ARMONK, NY, 10504
- Plan Type: 401(k)
- Total Participants: 49,030
- Total Assets: $60.4B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 49,030 | $60.4B | $0 | $940.8M |
| 2023 | 52,674 | $57.4B | $538.7M | $955.2M |
| 2022 | 54,912 | $53.4B | $489.5M | $942.5M |
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 |
|---|---|---|---|---|
| STATESTREET | Other Service Provider | $6,706,853 | — | $6,706,853 |
| PRUDENTIAL INSURANCE COMPANY | Recordkeeper | $3,965,588 | — | $3,965,588 |
| PIMCO | Other Service Provider | $3,483,088 | — | $3,483,088 |
| THE LOOMIS, SAYLES & COMPANY, L.P. | Other Service Provider | $2,648,010 | — | $2,648,010 |
| RBC CAPITAL MARKETS | Recordkeeper | $2,372,860 | — | $2,372,860 |
| NEW YORK LIFE INSURANCE COMPANY | Recordkeeper | $1,689,647 | — | $1,689,647 |
| METROPOLITAN LIFE INSURANCE COMPANY | Other Service Provider | $1,638,084 | — | $1,638,084 |
| BRIDGEWATER | Other Service Provider | $1,615,035 | — | $1,615,035 |
| MASSACHUSETTS MUTUAL LIFE INSURANCE | Other Service Provider | $1,560,271 | — | $1,560,271 |
| IBM | Other Service Provider | $1,405,037 | — | $1,405,037 |
| VANGUARD | Other Service Provider | $1,388,233 | — | $1,388,233 |
| BLACKROCK FINANCIAL MANAGEMENT | Other Service Provider | $1,076,149 | — | $1,076,149 |
| WESTERN ASSET MANAGEMENT | Other Service Provider | $1,068,031 | — | $1,068,031 |
| JP MORGAN | Recordkeeper | $978,703 | — | $978,703 |
| BAIRD ADVISORS | Other Service Provider | $847,967 | — | $847,967 |
| VOYA | Other Service Provider | $818,460 | — | $818,460 |
| DODGE & COX | Other Service Provider | $778,449 | — | $778,449 |
| MACKAY SHIELDS, LLC | Recordkeeper | $400,983 | — | $400,983 |
| BARINGS LLC | Other Service Provider | $367,790 | — | $367,790 |
| NORTHEAST RETIREMENT SERVICES, INC. | Other Service Provider | $285,781 | — | $285,781 |
| NEUBERGER BERMAN | Other Service Provider | $258,473 | — | $258,473 |
| WILLIS TOWERS WATSON | Recordkeeper | $210,312 | — | $210,312 |
| EDELMAN FINANCIAL ENGINES, LLC | Other Service Provider | $164,003 | — | $164,003 |
| JELLYVISION LAB, INC. | Other Service Provider | $146,887 | — | $146,887 |
| PAUL HASTINGS | Other Service Provider | $126,903 | — | $126,903 |
| IVINS, PHILLIPS AND BARKER | Other Service Provider | $61,338 | — | $61,338 |
| MORNINGSTAR | Other Service Provider | $23,500 | — | $23,500 |
| MERCER INVESTMENT CONSULTING INC. | Other Service Provider | $18,532 | — | $18,532 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $12,104 | — | $12,104 |
| ANDERSEN TAX LLC | Other Service Provider | $5,750 | — | $5,750 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PRUDENTIAL INSURANCE COMPANY — Recordkeeper
- RBC CAPITAL MARKETS — Recordkeeper
- NEW YORK LIFE INSURANCE COMPANY — Recordkeeper
- JP MORGAN — Recordkeeper
- MACKAY SHIELDS, LLC — Recordkeeper
- WILLIS TOWERS WATSON — Recordkeeper
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,122,821
- Estimated Expense Ratio: 0.060% 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 | $36,062,497 | $29,912,272 | — | $5,750 | — |
| 2023 | $37,862,814 | $33,342,253 | — | $358,510 | — |
| 2022 | $36,489,247 | $27,698,741 | $2,033,510 | — | $2,344,963 |