Plan Snapshot
- Plan Sponsor: International Business Machines Corporation
- Sponsor EIN: 130871985
- Sponsor Address: ONE NEW ORCHARD ROAD, MD 261, ARMONK, NY, 10504
- Plan Type: DB
- Total Participants: 43,052
- Total Assets: $17.9B
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 | 43,052 | $17.9B | $0 | $0 |
| 2023 | 13,377 | $25.0B | $0 | $0 |
| 2022 | 14,881 | $25.5B | $0 | $0 |
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 INVESTMENTS | RECORDKEEPER | $11,108,495 | — | $11,108,495 |
| TOWERS WATSON DELAWARE INC. | PARTY-IN INTEREST | $10,305,311 | — | $10,305,311 |
| IBM | PARTY-IN INTEREST | $5,948,231 | — | $5,948,231 |
| NISA INVESTMENT ADVISORS | PARTY-IN INTEREST | $3,992,785 | — | $3,992,785 |
| NORTHERN TRUST COMPANY | PARTY-IN INTEREST | $3,566,930 | — | $3,566,930 |
| JP MORGAN INVESTMENT MGMT | PARTY-IN INTEREST | $2,557,406 | — | $2,557,406 |
| VOYA INVESTMENT MANAGEMENT CO | PARTY-IN INTEREST | $2,077,521 | — | $2,077,521 |
| IFM INVESTORS (US), LLC | PARTY-IN-INTEREST | — | $1,782,608 | $1,782,608 |
| ALLSPRING GLOBAL INVESTMENTS, LLC | PARTY-ININTEREST | $1,640,745 | — | $1,640,745 |
| METLIFE INVESTMENT MGMT HOLDINGS, L | PARTY-IN-INTEREST | $1,531,336 | — | $1,531,336 |
| BLACKROCK FINANCIAL MANAGEMENT, INC | PARTY-IN-INTEREST | $1,040,277 | — | $1,040,277 |
| LOOMIS, SAYLES & CO. | PARTY-IN-INTEREST | $976,124 | — | $976,124 |
| PIMCO | PARTY-ININTEREST | $974,505 | — | $974,505 |
| P/E GLOBAL LLC | PARTY-IN-INTEREST | $974,435 | — | $974,435 |
| WELLINGTON MANAGEMENT | PARTY-ININTEREST | $971,257 | — | $971,257 |
| WESTERN ASSET MANAGEMENT | PARTY-ININTEREST | $899,962 | — | $899,962 |
| CIBC ASSET MANAGEMENT | NONE | $823,082 | — | $823,082 |
| DODGE & COX | PARTY-ININTEREST | $619,278 | — | $619,278 |
| LOS ANGELES CAPITAL MGMT | PARTY-ININTEREST | $578,350 | $15,097 | $593,447 |
| MARATHON ASSET MANAGEMENT LLP | PARTY-ININTEREST | $368,706 | — | $368,706 |
| PUGH CAPITAL | PARTY-ININTEREST | $340,210 | — | $340,210 |
| SSGA | PARTY-ININTEREST | $315,494 | — | $315,494 |
| PRICEWATERHOUSECOOPERS LLP | Auditor | $313,453 | — | $313,453 |
| ANDERSEN TAX LLC | PARTY-IN-INTEREST | $313,453 | — | $313,453 |
| COVINGTON & BURLING LLP | PARTY-IN-INTEREST | $288,804 | — | $288,804 |
| MERCER INVESTMENT CONSULTING INC. | PARTY-IN-INTEREST | $271,655 | — | $271,655 |
| FACTSET | PARTY-IN-INTEREST | $271,375 | — | $271,375 |
| BLOOMBERG | PARTY-IN-INTEREST | $269,396 | — | $269,396 |
| AON CONSULTING | PARTY-IN-INTEREST | $251,263 | — | $251,263 |
| WELLINGTON TRUST | PARTY-IN-INTEREST | $225,694 | — | $225,694 |
| GARCIA HAMILTON & ASSOCIATES, L.P. | PARTY-IN-INTEREST | $221,950 | — | $221,950 |
| PORTFOLIO ADVISORS | PARTY-IN-INTEREST | $210,400 | — | $210,400 |
| EARNEST PARTNERS | PARTY-IN-INTEREST | $190,410 | — | $190,410 |
| LEGAL & GENERAL INV. MGMT. AMERICA | PARTY-IN-INTEREST | $106,855 | — | $106,855 |
| TAMALE | PARTY-IN-INTEREST | $105,896 | — | $105,896 |
| MSCI | PARTY-IN-INTEREST | $103,682 | — | $103,682 |
| SYSTEMATICA | PARTY-IN-INTEREST | $102,445 | — | $102,445 |
| NINETY ONE NORTH AMERICA INC. | PARTY-IN-INTEREST | $101,534 | — | $101,534 |
| K&L GATES, LLP | PARTY-IN INTEREST | $100,000 | — | $100,000 |
| EVESTMENT ALLIANCE LLC | PARTY-IN-INTERST | $88,907 | — | $88,907 |
| PAUL HASTINGS | PARTY-IN-INTEREST | $71,466 | — | $71,466 |
| JEFFERIES LLC | PARTY-ININTEREST | $61,453 | — | $61,453 |
| CHIOMENTI | PARTY-IN INTEREST | $53,378 | — | $53,378 |
| DAVID G. STIEBER, P.C. | PARTY-IN INTEREST | $26,113 | — | $26,113 |
| INSTITUTIONAL SHAREHOLDER SERVICES | PARTY-IN-INTEREST | $24,222 | — | $24,222 |
| MANPOWERGROUP | PARTY-IN-INTEREST | $13,592 | — | $13,592 |
| ALTERITY GROUP | PARTY-IN-INTEREST | $12,550 | — | $12,550 |
| PITCHBOOK DATA, INC. | PARTY-IN-INTEREST | $12,463 | — | $12,463 |
| CT CORPORATION SYSTEM CORP | PARTY-IN-INTEREST | $11,006 | — | $11,006 |
| INSTITUTIONAL LIMITED PARTNERS ASSO | PARTY-IN INTEREST | $7,500 | — | $7,500 |
| KPMG TAIWAN | PARTY-IN-INTEREST | $6,300 | — | $6,300 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS — RECORDKEEPER
- TOWERS WATSON DELAWARE INC. — PARTY-IN INTEREST
- JP MORGAN INVESTMENT MGMT — PARTY-IN INTEREST
- PRICEWATERHOUSECOOPERS LLP — Auditor
- COVINGTON & BURLING LLP — PARTY-IN-INTEREST
- MERCER INVESTMENT CONSULTING INC. — PARTY-IN-INTEREST
- AON CONSULTING — PARTY-IN-INTEREST
- MSCI — PARTY-IN-INTEREST
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,245,360
- Estimated Expense Ratio: 0.319% 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 | $72,355,518 | $28,684,531 | $316 | $313,453 | — |
| 2023 | $77,362,251 | $39,354,612 | $46,814 | $774,870 | — |
| 2022 | $118,831,105 | $64,239,702 | $10,956,992 | — | $2,731,742 |