# International Business Machines Corporation 401(k) Plan Source: https://planprovider.pro/companies/international-business-machines-corporation-401k-plan > International Business Machines Corporation's 401(k) plan: 49,030 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:** 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|PARTY-IN-INTEREST|$6,706,853|—|$6,706,853| | PRUDENTIAL INSURANCE COMPANY|PARTY-IN-INTEREST|$3,965,588|—|$3,965,588| | PIMCO|PARTY-IN-INTEREST|$3,483,088|—|$3,483,088| | THE LOOMIS, SAYLES & COMPANY, L.P.|PARTY-IN-INTEREST|$2,648,010|—|$2,648,010| | RBC CAPITAL MARKETS|PARTY-IN-INTEREST|$2,372,860|—|$2,372,860| | NEW YORK LIFE INSURANCE COMPANY|PARTY-IN-INTEREST|$1,689,647|—|$1,689,647| | METROPOLITAN LIFE INSURANCE COMPANY|PARTY-IN-INTEREST|$1,638,084|—|$1,638,084| | BRIDGEWATER|PARTY-IN-INTEREST|$1,615,035|—|$1,615,035| | MASSACHUSETTS MUTUAL LIFE INSURANCE|PARTY-IN-INTEREST|$1,560,271|—|$1,560,271| | IBM|EMPLOYER|$1,405,037|—|$1,405,037| | VANGUARD|PARTY-IN-INTEREST|$1,388,233|—|$1,388,233| | BLACKROCK FINANCIAL MANAGEMENT|PARTY-IN-INTEREST|$1,076,149|—|$1,076,149| | WESTERN ASSET MANAGEMENT|PARTY-IN-INTEREST|$1,068,031|—|$1,068,031| | JP MORGAN|PARTY-IN-INTEREST|$978,703|—|$978,703| | BAIRD ADVISORS|PARTY-IN-INTEREST|$847,967|—|$847,967| | VOYA|PARTY-IN-INTEREST|$818,460|—|$818,460| | DODGE & COX|PARTY-IN-INTEREST|$778,449|—|$778,449| | MACKAY SHIELDS, LLC|PARTY-IN-INTEREST|$400,983|—|$400,983| | BARINGS LLC|PARTY-IN-INTEREST|$367,790|—|$367,790| | NORTHEAST RETIREMENT SERVICES, INC.|PARTY-IN-INTEREST|$285,781|—|$285,781| | NEUBERGER BERMAN|PARTY-IN-INTEREST|$258,473|—|$258,473| | WILLIS TOWERS WATSON|PARTY-IN-INTEREST|$210,312|—|$210,312| | EDELMAN FINANCIAL ENGINES, LLC|PARTY-IN-INTEREST|$164,003|—|$164,003| | JELLYVISION LAB, INC.|PARTY-IN-INTEREST|$146,887|—|$146,887| | PAUL HASTINGS|PARTY-IN-INTEREST|$126,903|—|$126,903| | IVINS, PHILLIPS AND BARKER|PARTY-IN-INTEREST|$61,338|—|$61,338| | MORNINGSTAR|PARTY-IN-INTEREST|$23,500|—|$23,500| | MERCER INVESTMENT CONSULTING INC.|PARTY-IN-INTEREST|$18,532|—|$18,532| | FIDELITY INVESTMENTS INSTITUTIONAL|PARTY-IN-INTEREST|$12,104|—|$12,104| | PRICEWATERHOUSECOOPERS LLP|Auditor|$5,750|—|$5,750| | ANDERSEN TAX LLC|PARTY-IN-INTEREST|$5,750|—|$5,750| ### Verified Provider Profiles Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro: - [PRUDENTIAL INSURANCE COMPANY](https://planprovider.pro/provider/empower) — PARTY-IN-INTEREST - [RBC CAPITAL MARKETS](https://planprovider.pro/provider/royal-bank-of-canada) — PARTY-IN-INTEREST - [NEW YORK LIFE INSURANCE COMPANY](https://planprovider.pro/provider/john-hancock) — PARTY-IN-INTEREST - [JP MORGAN](https://planprovider.pro/provider/jp-morgan-asset-management) — PARTY-IN-INTEREST - [MACKAY SHIELDS, LLC](https://planprovider.pro/provider/john-hancock) — PARTY-IN-INTEREST - [WILLIS TOWERS WATSON](https://planprovider.pro/provider/lincoln-financial-group) — PARTY-IN-INTEREST - [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — PARTY-IN-INTEREST - [PRICEWATERHOUSECOOPERS LLP](https://planprovider.pro/provider/pricewaterhousecoopers-llp) — Auditor ## Plan Fees & Expenses Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings. - **Total Service Provider Fees:** $36,128,571 - **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| ## Similar Plans - 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