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)
- Plan Number: 005
- Total Participants: 144,897
- Total Assets: $64.5B
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. |
|---|---|---|---|---|
| 2025 | 144,897 | $64.5B | $0 | $0 |
| 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 | $6,745,444 | — | $6,745,444 |
| PIMCO | Other Service Provider | $5,636,231 | — | $5,636,231 |
| PRUDENTIAL INSURANCE COMPANY | Other Service Provider | $3,698,674 | — | $3,698,674 |
| THE LOOMIS, SAYLES & COMPANY, L.P. | Other Service Provider | $2,529,889 | — | $2,529,889 |
| RBC CAPITAL MARKETS | Other Service Provider | $2,106,853 | — | $2,106,853 |
| IBM | Other Service Provider | $1,806,723 | — | $1,806,723 |
| METROPOLITAN LIFE INSURANCE COMPANY | Other Service Provider | $1,607,924 | — | $1,607,924 |
| BLACKROCK FINANCIAL MANAGEMENT | Other Service Provider | $1,549,572 | — | $1,549,572 |
| BRIDGEWATER | Other Service Provider | $1,535,501 | — | $1,535,501 |
| NEW YORK LIFE INSURANCE COMPANY | Other Service Provider | $1,498,871 | — | $1,498,871 |
| VANGUARD | Other Service Provider | $1,476,358 | — | $1,476,358 |
| MASSACHUSETTS MUTUAL LIFE INSURANCE | Other Service Provider | $1,392,278 | — | $1,392,278 |
| JP MORGAN | Other Service Provider | $1,306,765 | — | $1,306,765 |
| BAIRD ADVISORS | Other Service Provider | $891,305 | — | $891,305 |
| DODGE & COX | Other Service Provider | $821,347 | — | $821,347 |
| VOYA | Other Service Provider | $778,137 | — | $778,137 |
| MACKAY SHIELDS, LLC | Other Service Provider | $608,232 | — | $608,232 |
| WESTERN ASSET MANAGEMENT | Other Service Provider | $366,514 | — | $366,514 |
| PRICEWATERHOUSECOOPERS LLP | Other Service Provider | $356,310 | — | $356,310 |
| BARINGS LLC | Other Service Provider | $353,008 | — | $353,008 |
| NORTHEAST RETIREMENT SERVICES, INC. | Other Service Provider | $285,000 | — | $285,000 |
| NEUBERGER BERMAN | Other Service Provider | $270,838 | — | $270,838 |
| WILLIS TOWERS WATSON | Other Service Provider | $203,536 | — | $203,536 |
| PAUL HASTINGS | Other Service Provider | $46,085 | — | $46,085 |
| MORNINGSTAR | Other Service Provider | $25,100 | — | $25,100 |
| ANDERSEN TAX LLC | Other Service Provider | $6,000 | — | $6,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,902,495
- Estimated Expense Ratio: 0.059% 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 |
|---|---|---|---|---|---|
| 2025 | $6,633,783,241 | $32,612,435 | — | $356,310 | — |
| 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 |