401(k) Retirement Plan · Active
IBM PERSONAL PENSION PLAN
INTERNATIONAL BUSINESS MACHINES CORPORATION·EIN 130871985
ONE NEW ORCHARD ROAD, MD 261 · ARMONK, NY 10504
Plan year
2024
Plan #
001
Industry
Filing ACK
202509260932…
Prospect flagsNo flags tripped
Summary metrics
Total assets (EOY)
$17919.9M
$0 per participant
Active participants
144,666
46.9% participation
Participation rate
46.9%
7th percentile
Annual return
2.47%
4th percentile
Admin expense
1.36%
% 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$00th pctile
- Employer contribution$00th pctile
- Participation rate46.9%7th pctile
- Assets per participant$00th pctile
- Expense efficiency$1,6810th pctile
- Annual return2.47%4th 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
-$7.04B
Start of year to end of year
Section 04
Asset composition
End-of-year allocation
Cash drag vs peers
Plan cash
3.7%
Peer average
0.6%
High vs peersPeer marker at 0.6%
Section 04
Service providers
Top 10 of 50 by compensation
| Provider | Service type | Compensation |
|---|---|---|
FIDELITY INVESTMENTS Service code 37 | Loan Processing | $11,108,495 |
TOWERS WATSON DELAWARE INC. Service code 11 | Actuarial | $10,305,311 |
IBM Service code 15 | Recordkeeping | $5,948,231 |
NISA INVESTMENT ADVISORS Service code 51 | Investment Mgmt Fees | $3,992,785 |
NORTHERN TRUST COMPANY Service code 51 | Investment Mgmt Fees | $3,566,930 |
JP MORGAN INVESTMENT MGMT Service code 27 | Advisory (Plan) | $2,557,406 |
VOYA INVESTMENT MANAGEMENT CO Service code 13 | Contract Administrator | $2,077,521 |
IFM INVESTORS (US) LLC Service code 28 | Investment Management | $1,782,608 |
ALLSPRING GLOBAL INVESTMENTS, LLC Service code 28 | Investment Management | $1,640,745 |
METLIFE INVESTMENT MGMT HOLDINGS, L Service code 51 | Investment Mgmt Fees | $1,531,336 |
Section 05Plan features & details
ShowHide features, contributions, expenses, fidelity bond & compliancePension benefit codes1A1C1I3H3J
Section 05
Plan features & details
ShowHide features, contributions, expenses, fidelity bond & compliance
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.
Contributions
Employer total$0
Participant total$0
Employer / P$0
Participant / P$0
Expenses
Admin expenses$72,355,518
Per participant$1,680.65
% of assets0.40%
Fidelity bond
Coverage amount$150,000,000
% of assets0.84%Below ERISA §412 10% minimum
Section 06
Other plans under this sponsor
Same EIN ·130871985