Retirement plan

IBM 401 (K) PLUS PLAN

Name: INTERNATIONAL BUSINESS MACHINES CORPORATION - IBM 401 (K) PLUS PLAN (2016) Form 5500
Creator: INTERNATIONAL BUSINESS MACHINES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBM 401 (K) PLUS PLAN, INTERNATIONAL BUSINESS MACHINES CORPORATION

INTERNATIONAL BUSINESS MACHINES CORPORATIONEIN 13-0871985Plan #005PY 2016

NEW ORCHARD ROAD, MD 261 - ARMONK, NY 10504800-796-9876

Other plans on this EIN

2 filings

#001Retirement-$52.86B assets #006Retirement-$706K assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$50200.8M

+5.9% from 2015

Total participants

189,179

-0.8% from 2015

Average account balance

$269,477

+6.8% from 2015

Annual return

8.95%

+11.62 pp from 2015

Benchmarks

See 69 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants>=10,000

Cohort69 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$60.39B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$409K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

147,543

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

95.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$940.76M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.64%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$244

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 29 by compensation

Provider	Service type	Compensation
STATE STREET GLOBAL ADVISORS2+ years Filed as: STATESTREET Service code 18 · EIN 04-1867445	Custodial (other than securities); Ot...	$10,605,096
PRUDENTIAL RETIREMENT INSURANCE AND2+ years Filed as: PRUDENTIAL INSURANCE COMPANY Service code 51 · EIN 22-1211670	Investment Mgmt Fees	$7,427,802
METLIFE LIFE INSURANCE COMPANY2+ years Filed as: METROPOLITAN LIFE INSURANCE COMPANY Service code 73 · EIN 13-5581829	Other insurance fees and expenses	$6,370,115
RBC WEALTH MANAGEMENT2+ years Filed as: RBC CAPITAL MARKETS Service code 67 · EIN 13-5357855	Other insurance wrap fees	$5,324,956
FINANCIAL ENGINES2+ years Service code 26 · EIN 94-3250323	Advisory (Participants)	$5,041,230
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$4,930,519
PIMCO FUNDS2+ years Filed as: PIMCO Service code 51 · EIN 33-0629048	Investment Mgmt Fees	$4,454,250
JP MORGAN INVESTMENT MANAGEMENT INC2+ years Filed as: NEW YORK LIFE INSURANCE COMPANY Service code 51 · EIN 13-5582869	Investment Mgmt Fees	$3,438,810
THE VANGUARD GROUP, INC.2+ years Filed as: VANGUARD Service code 51 · EIN 23-1945930	Investment Mgmt Fees	$2,270,785
BRIDGEWATER2+ years Service code 51 · EIN 13-2871809	Investment Mgmt Fees	$1,891,662

Reportable transactions (Schedule G)

8 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	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX

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Plan features & details

Pension benefit codes2E2F2J2K2O3J2G2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants 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.
2J
Code section 401(k) feature
Cash 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.
2K
Code section 401(m) arrangement
Employee 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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3J
U.S.-based Puerto Rico dual-qualified plan
U.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

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$46.9M

$584 / participant

Investment mgmt$24M52.0%
Contract admin$5M10.5%
Other / not subdivided$18M37.5%

% of EOY assets

0.093%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$269,477

$3,611,051-92.5%

$123,894+117.5%

$329,111-18.1%

Participation rate

96.4%

60.7%+35.7pp

81.4%+15.0pp

67.9%+28.5pp

Annual return

8.95%

14.13%-5.2pp

47.52%-38.6pp

16.35%-7.4pp

Employer contribution / active EE

$7,797

$1,947+300.4%

$4,617+68.9%

$2,303+238.5%

Participant deferral / active EE

$13,555

$4,426+206.3%

$5,984+126.5%

$3,682+268.2%

Admin fee / account holder

$252

$9,731-97.4%

$8,357-97.0%

$754-66.6%

Provider

Service type

Compensation

STATE STREET GLOBAL ADVISORS2+ years

Filed as: STATESTREET

Service code 18 · EIN 04-1867445

Custodial (other than securities); Ot...

$10,605,096

PRUDENTIAL RETIREMENT INSURANCE AND2+ years

Filed as: PRUDENTIAL INSURANCE COMPANY

Service code 51 · EIN 22-1211670

Investment Mgmt Fees

$7,427,802

METLIFE LIFE INSURANCE COMPANY2+ years

Filed as: METROPOLITAN LIFE INSURANCE COMPANY

Service code 73 · EIN 13-5581829

Other insurance fees and expenses

$6,370,115

RBC WEALTH MANAGEMENT2+ years

Filed as: RBC CAPITAL MARKETS

Service code 67 · EIN 13-5357855

Other insurance wrap fees

$5,324,956

FINANCIAL ENGINES2+ years

Service code 26 · EIN 94-3250323

Advisory (Participants)

$5,041,230

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$4,930,519

PIMCO FUNDS2+ years

Filed as: PIMCO

Service code 51 · EIN 33-0629048

Investment Mgmt Fees

$4,454,250

JP MORGAN INVESTMENT MANAGEMENT INC2+ years

Filed as: NEW YORK LIFE INSURANCE COMPANY

Service code 51 · EIN 13-5582869

Investment Mgmt Fees

$3,438,810

THE VANGUARD GROUP, INC.2+ years

Filed as: VANGUARD

Service code 51 · EIN 23-1945930

Investment Mgmt Fees

$2,270,785

BRIDGEWATER2+ years

Service code 51 · EIN 13-2871809

Investment Mgmt Fees

$1,891,662

IBM 401 (K) PLUS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBM 401 (K) PLUS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion