401(k) Retirement Plan · Active
IBM 401(K) PLAN
INTERNATIONAL BUSINESS MACHINES CORPORATION·EIN 130871985
ONE NEW ORCHARD ROAD, MD 261 · ARMONK, NY 10504
Plan year
2024
Plan #
005
Industry
Filing ACK
202507181201…
Prospect flagsNo flags tripped
Summary metrics
Total assets (EOY)
$60393.6M
$409,329 per participant
Active participants
149,818
37.7% participation
Participation rate
37.7%
1st percentile
Annual return
14.64%
31st percentile
Admin expense
0.18%
% of assets
Flag timeline
Issue history by plan year
Tripped years: 0Watched years: 0
2021
Clean
2022
Clean
2023
Clean
2024
Clean
CleanWatchedTripped (shade = count)
Section 02
How this plan compares
Peer groupIndustry54, Assets>$1B, Participants>=10,000, Snapshot2024
- Participant contribution$19,18785th pctile
- Employer contribution$00th pctile
- Participation rate37.7%1st pctile
- Assets per participant$409,32989th pctile
- Expense efficiency$7364th pctile
- Annual return14.64%31st pctile
Overall peer rank
- Bottom quartile
- Mid
- Top quartile
Averaged across 6 normalized metrics within the selected peer group.
Fee trend
Return trend
Section 03
10-year trajectory2021 - 2024
How plan year 2024 played out
Asset flow
+$2.97B
Start of year to end of year
Section 04
Asset composition
End-of-year allocation
Cash drag vs peers
Plan cash
1.4%
Peer average
0.6%
High vs peersPeer marker at 0.6%
Section 04
Service providers
Top 10 of 30 by compensation
| Provider | Service type | Compensation |
|---|---|---|
STATESTREET Service code 21 | Bank Trustee | $6,706,853 |
PRUDENTIAL INSURANCE COMPANY Service code 51 | Investment Mgmt Fees | $3,965,588 |
PIMCO Service code 51 | Investment Mgmt Fees | $3,483,088 |
THE LOOMIS, SAYLES & COMPANY, L.P. Service code 51 | Investment Mgmt Fees | $2,648,010 |
RBC CAPITAL MARKETS Service code 67 | Other insurance wrap fees | $2,372,860 |
NEW YORK LIFE INSURANCE COMPANY Service code 28 | Investment Management | $1,689,647 |
METROPOLITAN LIFE INSURANCE COMPANY Service code 73 | Other insurance fees and expenses | $1,638,084 |
BRIDGEWATER Service code 51 | Investment Mgmt Fees | $1,615,035 |
MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 67 | Other insurance wrap fees | $1,560,271 |
IBM Service code 14 | Plan Administrator | $1,405,037 |
Section 05Plan features & details
ShowHide features, contributions, expenses, fidelity bond & compliancePension benefit codes2E2F2J2K2O3J2G2S2T
Section 05
Plan features & details
ShowHide features, contributions, expenses, fidelity bond & compliance
Pension benefit codes2E2F2J2K2O3J2G2S2T
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2OESOP other than a leveraged ESOPEmployee stock ownership plan that is not leveraged.
- 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.
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
Contributions
Employer total$0
Participant total$940,757,089
Employer / P$0
Participant / P$19,187
Expenses
Admin expenses$36,062,497
Per participant$735.52
% of assets0.06%
Fidelity bond
Coverage amount$150,000,000
% of assets0.25%Below ERISA §412 10% minimum
Section 06
Other plans under this sponsor
Same EIN ·130871985