2023 Form 5500 filing — Ibm Medical Plan For Regular Full-Time And Regular Part-Time Employees
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 20241001100024NAL0003176403001) for Ibm Medical Plan For Regular Full-Time And Regular Part-Time Employees, reported by International Business Machines Corporation under EIN 13-0871985 and plan number 519. It reports 53,416 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241001100024NAL0003176403001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- International Business Machines Corporation
- EIN
- 13-0871985
- Plan number
- 519
- Location
- Armonk, NY
- Participants
- 53,416
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $29,655,702
- Total liabilities (EOY)
- $57,222,144
- Net assets (EOY)
- -$27,566,442
- Employer contributions
- $597,922,670
- Participant contributions
- $159,857,460
- Total income / additions
- $760,362,069
- Benefits paid
- $713,071,633
- Administrative expenses
- $44,834,277
- Total expenses
- $757,905,910
- Net increase / (decrease)
- $2,456,159
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Aetna | PARTY-IN-INTEREST | $13,546,236 | not reported in the loaded dataset |
| Anthem Insurance | PARTY-IN-INTEREST | $11,634,568 | not reported in the loaded dataset |
| Fidelity | PARTY-IN-INTEREST | $8,775,104 | not reported in the loaded dataset |
| Cvs Caremark | PARTY-IN-INTEREST | $3,889,015 | not reported in the loaded dataset |
| Mequilibrium | PARTY-IN-INTEREST | $801,773 | not reported in the loaded dataset |
| Mercer | PARTY-IN-INTEREST | $499,271 | not reported in the loaded dataset |
| Core Solutions (Medifit) | PARTY-IN-INTEREST | $389,058 | not reported in the loaded dataset |
| Merative | PARTY-IN INTEREST | $347,922 | not reported in the loaded dataset |
| Ernst & Young | PARTY-IN INTEREST | $313,896 | not reported in the loaded dataset |
| Willis Towers Watson | PARTY-IN INTEREST | $206,840 | not reported in the loaded dataset |
| Labcorp | PARTY-IN INTEREST | $76,830 | not reported in the loaded dataset |
| Island Peer Review Organization | PARTY-IN INTEREST | $27,470 | not reported in the loaded dataset |
| Alterity | PARTY-IN INTEREST | $26,850 | not reported in the loaded dataset |
| Budco | PARTY-IN INTEREST | $6,530 | not reported in the loaded dataset |