2023 Form 5500 filing — Ibm Benefits Plan For Retired 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 20241105145619NAL0008906353001) for Ibm Benefits Plan For Retired Employees, reported by International Business Machines Corporation under EIN 13-0871985 and plan number 518. It reports 121,872 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241105145619NAL0008906353001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- International Business Machines Corporation
- EIN
- 13-0871985
- Plan number
- 518
- Location
- Armonk, NY
- Participants
- 121,872
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $19,461,397
- Total liabilities (EOY)
- $22,067,432
- Net assets (EOY)
- -$2,606,035
- Employer contributions
- $246,720,200
- Participant contributions
- $38,278,796
- Total income / additions
- $287,006,769
- Benefits paid
- $264,943,853
- Administrative expenses
- $8,278,255
- Total expenses
- $273,222,108
- Net increase / (decrease)
- $13,784,661
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity | PARTY-IN-INTEREST | $3,926,699 | not reported in the loaded dataset |
| Fidelity | PARTY-IN-INTEREST | $2,589,690 | not reported in the loaded dataset |
| Aetna | PARTY-IN-INTEREST | $2,030,011 | not reported in the loaded dataset |
| Anthem Insurance | PARTY-IN-INTEREST | $1,620,414 | not reported in the loaded dataset |
| Aetna | PARTY-IN-INTEREST | $1,564,242 | not reported in the loaded dataset |
| United Healthcare | PARTY-IN INTEREST | $1,189,816 | not reported in the loaded dataset |
| Anthem Insurance | PARTY-IN-INTEREST | $1,056,774 | not reported in the loaded dataset |
| Cvs Caremark | PARTY-IN-INTEREST | $315,213 | not reported in the loaded dataset |
| Cvs Caremark | PARTY-IN-INTEREST | $306,868 | not reported in the loaded dataset |
| Metropolitan Life | PARTY-IN-INTEREST | $191,325 | not reported in the loaded dataset |
| Mercer | PARTY-IN-INTEREST | $185,603 | not reported in the loaded dataset |
| Metropolitan Life | PARTY-IN-INTEREST | $124,973 | not reported in the loaded dataset |
| Optum Health (Ubh) | PARTY-IN INTEREST | $110,188 | not reported in the loaded dataset |
| Hta, LLC | PARTY-IN-INTEREST | $102,960 | not reported in the loaded dataset |
| United Healthcare | PARTY-IN-INTEREST | $66,458 | not reported in the loaded dataset |
| Budco | PARTY- INTEREST | $64,580 | not reported in the loaded dataset |
| Ernst & Young | PARTY-IN INTEREST | $60,199 | not reported in the loaded dataset |
| Ernst & Young | PARTY-IN INTEREST | $42,804 | not reported in the loaded dataset |
| Budco | PARTY- INTEREST | $41,023 | not reported in the loaded dataset |