Retirement plan
IBM PERSONAL PENSION PLAN
INTERNATIONAL BUSINESS MACHINES CORPORATIONEIN 13-0871985Plan #001PY 2015
NEW ORCHARD ROAD, MD 261 - ARMONK, NY 10504800-796-9876
Other plans on this EIN
2 filingsProspect flagsHigh retiree %Wind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
GREGG NELSON
Signed 09/30/2016
Summary metrics
Total assets (EOY)
$52589M
-0.5% from 2016
Total participants
287,809
+2.1% from 2016
Average account balance
$0
No prior year
Annual return
-1.01%
-8.05 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort209 peers
Snapshot2015
0
Participant deferral / active EE
$0
median $28
0
Employer contribution / active EE
$0
median $5,273
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $47,522
0
Admin fee / account holder
$0
median $275
46
Annual return
-1.01%
median -0.88%
Overall peer rank
46of 100
46th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$17.92B
Average account balance
Total assets / participants with a balance (line 6g)
$124K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
101,614
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
Not enough data
0 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
Not enough data
0 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+2.47%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 10 of 50 by compensation
| Provider | Service type | Compensation |
|---|---|---|
FESCO1+ years Service code 14 · EIN 04-3275867 | Plan Administrator | $14,753,984 |
BRIDGEWATER1+ years Service code 51 · EIN 13-2871809 | Investment Mgmt Fees | $13,950,427 |
JP MORGAN CHASE BANK, NA1+ years Service code 27 · EIN 13-4994650 | Advisory (Plan) | $8,327,598 |
TOWERS WATSON WYATT WORLDWIDE1+ years Service code 51 · EIN 53-0181291 | Investment Mgmt Fees | $6,003,426 |
PIMCO1+ years Service code 51 · EIN 33-0629048 | Investment Mgmt Fees | $5,225,964 |
AEW CAPITAL MANAGEMENT1+ years Service code 51 · EIN 04-3329433 | Investment Mgmt Fees | $5,132,866 |
IBM1+ years Service code 15 · EIN 13-0871985 | Recordkeeping | $4,483,869 |
JP MORGAN INVESTMENT MGMT1+ years Service code 27 · EIN 13-3200244 | Advisory (Plan) | $4,365,461 |
NISA INVESTMENT ADVISORS1+ years Service code 51 · EIN 48-1140940 | Investment Mgmt Fees | $4,072,904 |
CLARION PARTNERS LLC1+ years Service code 52 · EIN 13-3379970 | Indirect Investment Fees | $3,561,510 |
Enrolled actuary
1 attachment
SB
PETER GUTMAN
TOWERS WATSON DELAWARE INC.
Enrollment #1403286
335 MADISON AVE.
NEW YORK, NY 10017
(212) 309-3400
Signed 2016-09-19
Reportable transactions (Schedule G)
106 rows
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 1 Loan in default | MORRISON KNUDSEN CORPORATION | — | 720 PARK BOULEVARD P. O. BOX 73 BOISE, ID 83712 | — |
| Part 1 Loan in default | HARRAH'S JAZZ COMPANY | — | 925 SOUTH WHITE STREET NEW ORLEANS, LA 70125 | — |
| Part 1 Loan in default | LEHMAN BROTHERS HOLDINGS INC | — | 1271 6TH AVENUE NEW YORK, NY 10018 | — |
| Part 1 Loan in default | LEAR CORPORATION | — | 21557 TELEGRAPH ROAD SOUTHFIELD, MI 48033 | — |
| Part 1 Loan in default | LEHMAN BROTHERS HOLDINGS INC | — | 1271 6TH AVE NEW YORK, NY 10018 | — |
| Part 1 Loan in default | LANDSBANKI | — | — | — |
| Part 1 Loan in default | LEAR CORPORATION | — | 21557 TELEGRAPH ROAD SOUTHFIELD, MI 48033 | — |
| Part 1 Loan in default | LEHMAN BROTHERS HOLDINGS INC | — | 1271 6TH AVENUE NEW YORK, NY 10018 | — |
| Part 1 Loan in default | QUEBECOR WORLD INC | — | — | — |
| Part 1 Loan in default | LEAR CORPORATION | — | 21557 TELEGRAPH ROAD SOUTHFIELD, MI 48033 | — |
| Part 1 Loan in default | GLITNIR BANK | — | — | — |
| Part 1 Loan in default | GLITNIR BANK | — | — | — |
| Part 1 Loan in default | LEHMAN BROTHERS CAP TR VII | — | 1271 6TH AVENUE NEW YORK, NY 10018 | — |
| Part 1 Loan in default | LEHMAN BROTHERS HOLDINGS INC | — | 1271 6TH AVENUE NEW YORK, NY 10018 | — |
| Part 1 Loan in default | QUEBECOR WORLD INC | — | — | — |
| Part 1 Loan in default | HOLLINGER | — | — | — |
| Part 1 Loan in default | INTANDEM FILMS PLC | — | — | — |
| Part 1 Loan in default | WASHINGTON MUTUAL INC | — | 1201 3RD AVE SEATTLE, WA 98101 | — |
| Part 1 Loan in default | SIGMA FINANCE INC | — | 4261 PARK ROAD ANN ARBOR, MI 48103 | — |
| Part 1 Loan in default | KAUPTHING BANK HF. | — | — | — |
| Part 1 Loan in default | LEHMAN BROTHERS HOLDINGS INC | — | 1271 6TH AVENUE NEW YORK, NY 10018 | — |
| Part 1 Loan in default | LEHMAN BROTHERS HOLDINGS INC | — | 1271 6TH AVENUE NEW YORK, NY 10018 | — |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 98157D601 1/2/2007 | — | $2K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 98157D601 1/2/2007 | — | $53K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 98157D601 1/2/2007 | — | $61K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 98157D601 1/11/2007 | — | $2K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 896239100 1/4/2007 | — | $1K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 95709T100 2/1/2007 | — | $4K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 00130H105 2/21/2007 | — | $6K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 03840J106 3/13/2007 | — | $525 |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 228903100 3/27/2007 | — | $6K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 00206R102 1/30/2007 | — | $409 |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 98157D601 4/11/2007 | — | $22K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 98157D601 4/11/2007 | — | $96K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 98157D601 4/11/2007 | — | $162K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 98157D601 4/11/2007 | — | $220K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 98157D601 4/12/2007 | — | $11K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 337932107 1/12/2007 | — | $2K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 337932107 1/12/2007 | — | $1K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 337932107 1/12/2007 | — | $26K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 126650100 4/10/2007 | — | $9K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 205887102 4/4/2007 | — | $1K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 816074108 1/16/2007 | — | $6K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 45245W109 8/6/2007 | — | $9K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 975515107 6/28/2007 | — | $1K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 75952B105 7/6/2007 | — | $53K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 00184A105 8/3/2007 | — | $155K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 00184A105 8/9/2007 | — | $191K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 749121109 9/10/2007 | — | $2K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 834182107 10/18/2007 | — | $925 |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 371933102 11/1/2007 | — | $1K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 313586109 11/21/2007 | — | $17K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 17275R102 12/11/2007 | — | $10K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 00209A106 12/31/2007 | — | $590K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 343412102 1/25/2007 | — | $5K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 206197105 1/4/2008 | — | $1K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 17288Q109 3/13/2008 | — | $3K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 17288Q109 3/13/2008 | — | $26K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 53220KAB4 3/7/2008 | — | $10K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 339130AT3 3/5/2008 | — | $19K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 01859P609 1/30/2008 | — | $25K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 984121AT0 3/13/2008 | — | $6K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 984121AT0 3/13/2008 | — | $8K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 45327103 4/8/2008 | — | $2K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 45327103 4/8/2008 | — | $17K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 46072H108 4/10/2008 | — | $3K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 46072H108 4/10/2008 | — | $11K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 00753T105 2/4/2008 | — | $254K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 518415104 5/5/2008 | — | $5K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 58155Q103 5/30/2008 | — | $93K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 582266102 6/19/2008 | — | $6K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 28224R101 6/19/2008 | — | $593 |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 693475105 6/23/2008 | — | $18K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 285661203 8/8/2008 | — | $14K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 344912100 8/4/2008 | — | $4K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 999999999 9/22/2008 | — | $5K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 98147T104 12/2/2008 | — | $11K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 37932J202 8/7/2008 | — | $13K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 79860102 1/3/2009 | — | $2K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 110097102 2/12/2009 | — | $10K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 852061308 3/19/2009 | — | $1K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 293561882 1/6/2009 | — | $110K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 55262C100 5/14/2009 | — | $93K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS M51474100 5/29/2009 | — | $79K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 318672201 5/28/2009 | — | $15K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 144460102 5/27/2009 | — | $3K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 969455AA2 7/1/2009 | — | $11K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 969455AA2 7/1/2009 | — | $12K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 651641102 5/15/2009 | — | $486 |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 620076109 5/23/2009 | — | $1K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 620076109 5/23/2009 | — | $45K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 44093102 6/18/2009 | — | $59K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 902118BC1 4/24/2009 | — | $475K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 81238XPV7 7/28/2009 | — | $1K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 81240QKJ0 7/28/2009 | — | $2K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS "69073FAC7 " 8/13/2009 | — | $25K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 88033GAS9 9/29/2009 | — | $1K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 58155Q103 10/16/2009 | — | $25K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 581557AE5 10/21/2009 | — | $2K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 581557AE5 10/16/2009 | — | $69K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 893416107 11/6/2009 | — | $1K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 36866W106 11/9/2009 | — | $5K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 345838106 11/20/2009 | — | $640 |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 345838106 11/20/2009 | — | $6K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 02639EFR0 6/2/2009 | — | $1K |
| Part 3 Non-exempt transaction | J.P. MORGAN | FIDUCIARY (TRUSTEE) PROCEEDS 749121109 4/6/2010 | — | $2K |
Plan features & details
Pension benefit codes1A1C1I3H3J
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1CCash balance or similar planA cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
- 1IFrozen planAs of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
- 3JU.S.-based Puerto Rico dual-qualified planU.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.
Opportunity flags
2 tripped
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
- InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Expense breakdown
Schedule H Part II
Admin total
$151.0M
$3751 / participant
- Investment mgmt$98M64.7%
- Contract admin$22M14.4%
- Other / not subdivided$32M20.9%
% of EOY assets
0.287%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- PRICEWATERHOUSECOOPERS LLP
- Auditor EIN
- 134008324
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified