2023 Form 5500 filing — Ibm 401 (K) Plus Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240713053616NAL0010553539001) for Ibm 401 (K) Plus Plan, reported by International Business Machines Corporation under EIN 13-0871985 and plan number 005. It reports 164,744 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240713053616NAL0010553539001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- International Business Machines Corporation
- EIN
- 13-0871985
- Plan number
- 005
- Location
- Armonk, NY
- Participants
- 164,744
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $57,428,456,306
- Total liabilities (EOY)
- $1,043,840,058
- Net assets (EOY)
- $56,384,616,248
- Employer contributions
- $538,656,721
- Participant contributions
- $955,221,817
- Total income / additions
- $10,236,961,665
- Benefits paid
- $5,516,124,508
- Administrative expenses
- $37,862,814
- Total expenses
- $5,553,987,322
- Net increase / (decrease)
- $4,682,974,343
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Statestreet | PARTY-IN-INTEREST | $9,531,033 | $0 |
| Pimco | PARTY-IN-INTEREST | $5,678,140 | $0 |
| Prudential Insurance Company | PARTY-IN-INTEREST | $4,498,979 | $0 |
| Metropolitan Life Insurance Company | PARTY-IN-INTEREST | $3,815,725 | not reported in the loaded dataset |
| The Loomis, Sayles & Company, L.P. | PARTY-IN-INTEREST | $2,787,583 | not reported in the loaded dataset |
| Rbc Capital Markets | PARTY-IN-INTEREST | $2,744,118 | not reported in the loaded dataset |
| Massachusetts Mutual Life Insurance | PARTY-IN-INTEREST | $2,265,955 | $0 |
| Bridgewater | PARTY-IN-INTEREST | $2,049,515 | $0 |
| New York Life Insurance Company | PARTY-IN-INTEREST | $1,949,804 | not reported in the loaded dataset |
| Ibm | EMPLOYER | $1,637,924 | not reported in the loaded dataset |
| Western Asset Management | PARTY-IN-INTEREST | $1,381,564 | not reported in the loaded dataset |
| Vanguard | PARTY-IN-INTEREST | $1,226,698 | not reported in the loaded dataset |
| Voya | PARTY-IN-INTEREST | $887,734 | $0 |
| Baird Advisors | PARTY-IN-INTEREST | $781,420 | not reported in the loaded dataset |
| Blackrock Financial Management | PARTY-IN-INTEREST | $631,659 | not reported in the loaded dataset |
| Mackay Shields, LLC | PARTY-IN-INTEREST | $618,500 | not reported in the loaded dataset |
| Jp Morgan | PARTY-IN-INTEREST | $427,681 | not reported in the loaded dataset |
| Barings LLC | PARTY-IN-INTEREST | $371,375 | not reported in the loaded dataset |
| Pricewaterhousecoopers Llp | PARTY-IN-INTEREST | $352,760 | not reported in the loaded dataset |
| Northeast Retirement Services, Inc. | PARTY-IN-INTEREST | $285,000 | not reported in the loaded dataset |
| Edelman Financial Engines, LLC | PARTY-IN-INTEREST | $248,430 | not reported in the loaded dataset |
| Neuberger Berman | PARTY-IN-INTEREST | $235,497 | not reported in the loaded dataset |
| Fidelity Investments Institutional | PARTY-IN-INTEREST | $191,125 | $0 |
| Callan Consulting | PARTY-IN-INTEREST | $170,000 | not reported in the loaded dataset |
| Paul Hastings | PARTY-IN-INTEREST | $97,536 | not reported in the loaded dataset |
| Mercer Investment Consulting Inc. | PARTY-IN-INTEREST | $36,251 | not reported in the loaded dataset |
| Ivins, Phillips And Barker | PARTY-IN-INTEREST | $28,356 | not reported in the loaded dataset |
| Morningstar | PARTY-IN-INTEREST | $22,000 | not reported in the loaded dataset |
| Evestment Alliance LLC | PARTY-IN-INTEREST | $17,113 | not reported in the loaded dataset |
| Tamale | PARTY-IN INTEREST | $14,765 | not reported in the loaded dataset |
| Andersen Tax LLC | PARTY-IN-INTEREST | $5,750 | not reported in the loaded dataset |