Retirement plan

IBM 401(K) PLAN

Name: INTERNATIONAL BUSINESS MACHINES CORPORATION - IBM 401(K) PLAN (2025) Form 5500
Creator: INTERNATIONAL BUSINESS MACHINES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBM 401(K) PLAN, INTERNATIONAL BUSINESS MACHINES CORPORATION

INTERNATIONAL BUSINESS MACHINES CORPORATIONEIN 13-0871985Plan #005PY 2025

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

Prospect flagsHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$64476.9M

+6.8% from 2024

Total participants

144,897

-3.3% from 2024

Average account balance

$454,060

+10.9% from 2024

Annual return

16.10%

+1.46 pp from 2024

Benchmarks

See 151 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort151 peers

Snapshot2025

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

Analytics

Total assets (EOY)

Plan-year ending balance

$64.48B

Not enough data

1 years with asset history on file

Average account balance

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

$454K

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.

142,001

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.

93.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$955.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+16.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$282

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 27 by compensation

Provider	Service type	Compensation
STATE STREET GLOBAL ADVISORS11+ years Filed as: STATESTREET Service code 21 · EIN 04-1867445	Bank Trustee	$6,745,444
PIMCO FUNDS11+ years Filed as: PIMCO Service code 51 · EIN 33-0629048	Investment Mgmt Fees	$5,636,231
PRUDENTIAL RETIREMENT INSURANCE AND11+ years Filed as: PRUDENTIAL INSURANCE COMPANY Service code 51 · EIN 22-1211670	Investment Mgmt Fees	$3,698,674
LOOMIS SAYLES11+ years Filed as: THE LOOMIS, SAYLES & COMPANY, L.P. Service code 51 · EIN 04-3200030	Investment Mgmt Fees	$2,529,889
RBC WEALTH MANAGEMENT11+ years Filed as: RBC CAPITAL MARKETS Service code 67 · EIN 41-1416330	Other insurance wrap fees	$2,106,853
IBM11+ years Service code 14 · EIN 13-0871985	Plan Administrator	$1,806,723
METLIFE LIFE INSURANCE COMPANY11+ years Filed as: METROPOLITAN LIFE INSURANCE COMPANY Service code 73 · EIN 13-5581829	Other insurance fees and expenses	$1,607,924
BLACKROCK11+ years Filed as: BLACKROCK FINANCIAL MANAGEMENT Service code 28 · EIN 13-3806691	Investment Management	$1,549,572
BRIDGEWATER11+ years Service code 51 · EIN 13-2871809	Investment Mgmt Fees	$1,535,501
JP MORGAN INVESTMENT MANAGEMENT INC11+ years Filed as: NEW YORK LIFE INSURANCE COMPANY Service code 28 · EIN 13-5582869	Investment Management	$1,498,871

Reportable transactions (Schedule G)

3 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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$40.1M

$838 / participant

Trustee / custodial$3M6.4%
Investment mgmt$33M81.3%
Legal$52K0.1%
Salaries / allowances$2M4.5%
Other / not subdivided$3M7.7%

% of EOY assets

0.062%

all-in expense ratio

Categories reported

4 / 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: $356,310
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$454,060

$166,271+173.1%

$147,318+208.2%

$166,271+173.1%

Participation rate

93.9%

79.1%+14.8pp

82.1%+11.9pp

79.1%+14.8pp

Annual return

16.10%

15.58%+0.5pp

70.43%-54.3pp

15.58%+0.5pp

Employer contribution / active EE

$4,136-100.0%

$4,593-100.0%

$4,136-100.0%

Participant deferral / active EE

$19,967

$7,214+176.8%

$7,906+152.5%

$7,214+176.8%

Admin fee / account holder

$282

$445-36.5%

$13,708-97.9%

$445-36.5%

Provider

Service type

Compensation

STATE STREET GLOBAL ADVISORS11+ years

Filed as: STATESTREET

Service code 21 · EIN 04-1867445

Bank Trustee

$6,745,444

PIMCO FUNDS11+ years

Filed as: PIMCO

Service code 51 · EIN 33-0629048

Investment Mgmt Fees

$5,636,231

PRUDENTIAL RETIREMENT INSURANCE AND11+ years

Filed as: PRUDENTIAL INSURANCE COMPANY

Service code 51 · EIN 22-1211670

Investment Mgmt Fees

$3,698,674

LOOMIS SAYLES11+ years

Filed as: THE LOOMIS, SAYLES & COMPANY, L.P.

Service code 51 · EIN 04-3200030

Investment Mgmt Fees

$2,529,889

RBC WEALTH MANAGEMENT11+ years

Filed as: RBC CAPITAL MARKETS

Service code 67 · EIN 41-1416330

Other insurance wrap fees

$2,106,853

IBM11+ years

Service code 14 · EIN 13-0871985

Plan Administrator

$1,806,723

METLIFE LIFE INSURANCE COMPANY11+ years

Filed as: METROPOLITAN LIFE INSURANCE COMPANY

Service code 73 · EIN 13-5581829

Other insurance fees and expenses

$1,607,924

BLACKROCK11+ years

Filed as: BLACKROCK FINANCIAL MANAGEMENT

Service code 28 · EIN 13-3806691

Investment Management

$1,549,572

BRIDGEWATER11+ years

Service code 51 · EIN 13-2871809

Investment Mgmt Fees

$1,535,501

JP MORGAN INVESTMENT MANAGEMENT INC11+ years

Filed as: NEW YORK LIFE INSURANCE COMPANY

Service code 28 · EIN 13-5582869

Investment Management

$1,498,871

IBM 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBM 401(K) 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