International Business Machines
International Business Machines Corporation · ARMONK, NY · IBM (NYSE) · Professional, scientific, and technical services · sponsor EIN 13-0871985 · 1 plan with Schedule H financials, latest plan year 2024
SEC registrant: International Business Machines Corp.
Plan terms
Quoted from International Business Machines Corporation's SEC filing. The figures on this page cover the plan year ended 2024-12-31, a different period: terms may have changed between the two. The plan document governs; these are the filing's own words.
Vesting
“Participants in the Plan are at all times fully vested in their account balance, including employee contributions, prior IBM contributions and earnings thereon, if any.”
As stated in International Business Machines Corporation's Form 11-K filed 2026-06-26 (SEC): source document; plan description note, vesting section.
Automatic enrollment
“Newly hired employees are automatically enrolled at 5 percent of eligible salary and performance pay after approximately 30 days of employment with IBM, unless they elect otherwise.”
As stated in International Business Machines Corporation's Form 11-K filed 2026-06-26 (SEC): source document; plan description note, contributions section.
IBM 401(K) PLAN
Plan year 2024-01-01 to 2024-12-31 · $60,393,556,150 in assets · 147,543 participants with a balance · >$1B bucket, single-employer · plan number 005
At a glance
Recordkeeping fees per participant (headline)
$0.08
higher than 0% of the 790 plans of similar size (>$1B) that report it
= recordkeeping_fees / participants_with_balance. Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250718120137NAL0000793987001, received 2025-07-18 · participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250718120137NAL0000793987001, received 2025-07-18
Administrative expenses excluding investment management, per participant
$41.68
higher than 45% of the 1,045 plans of similar size (>$1B) that report it
= admin_excl_invmgmt / participants_with_balance. derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250718120137NAL0000793987001, received 2025-07-18 · participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250718120137NAL0000793987001, received 2025-07-18
Administrative expenses per participant
$244.42
higher than 95% of the 1,076 plans of similar size (>$1B) that report it
= admin_expenses / participants_with_balance. Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250718120137NAL0000793987001, received 2025-07-18 · participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250718120137NAL0000793987001, received 2025-07-18
Administrative expenses as a share of assets
0.060%
higher than 65% of the 1,076 plans of similar size (>$1B) that report it
= admin_expenses / assets_eoy. Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250718120137NAL0000793987001, received 2025-07-18 · assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250718120137NAL0000793987001, received 2025-07-18
Employer contributions per participant
not reported
Employer share of total contributions
not reported
Percentiles compare this plan with the Schedule H plans of the same asset bucket and plan year, excluding final filings; a percentile is shown only where at least 50 comparable plans report the figure. The match formula is not in the filing; only amounts are shown.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 3J · 2G fully participant-directed · 2S pre-approved plan document · 2T default investment (QDIA) Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250718120137NAL0000793987001, received 2025-07-18
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| STATESTREET | PARTY-IN-INTEREST | 21 Trustee (bank, trust company or similar); 50 Direct payment from the plan | $6,706,853 | no |
| PRUDENTIAL INSURANCE COMPANY | PARTY-IN-INTEREST | 51 Investment management fees paid directly by plan; 67 Other insurance wrap fees | $3,965,588 | yes |
| PIMCO | PARTY-IN-INTEREST | 51 Investment management fees paid directly by plan; 99 Other fees | $3,483,088 | yes |
| THE LOOMIS, SAYLES & COMPANY, L.P. | PARTY-IN-INTEREST | 51 Investment management fees paid directly by plan | $2,648,010 | no |
| RBC CAPITAL MARKETS | PARTY-IN-INTEREST | 67 Other insurance wrap fees | $2,372,860 | no |
| NEW YORK LIFE INSURANCE COMPANY | PARTY-IN-INTEREST | 28 Investment management; 51 Investment management fees paid directly by plan | $1,689,647 | no |
| METROPOLITAN LIFE INSURANCE COMPANY | PARTY-IN-INTEREST | 73 Other insurance fees and expenses | $1,638,084 | no |
| BRIDGEWATER | PARTY-IN-INTEREST | 51 Investment management fees paid directly by plan | $1,615,035 | yes |
| MASSACHUSETTS MUTUAL LIFE INSURANCE | PARTY-IN-INTEREST | 67 Other insurance wrap fees | $1,560,271 | yes |
| IBM | EMPLOYER | 14 Plan administrator; 99 Other fees; 35 Employee (plan sponsor); 50 Direct payment from the plan | $1,405,037 | no |
| VANGUARD | PARTY-IN-INTEREST | 51 Investment management fees paid directly by plan | $1,388,233 | no |
| BLACKROCK FINANCIAL MANAGEMENT | PARTY-IN-INTEREST | 28 Investment management; 50 Direct payment from the plan; 51 Investment management fees paid directly by plan | $1,076,149 | no |
| WESTERN ASSET MANAGEMENT | PARTY-IN-INTEREST | 51 Investment management fees paid directly by plan | $1,068,031 | no |
| JP MORGAN | PARTY-IN-INTEREST | 27 Investment advisory (plan); 28 Investment management; 51 Investment management fees paid directly by plan | $978,703 | no |
| BAIRD ADVISORS | PARTY-IN-INTEREST | 28 Investment management | $847,967 | no |
| VOYA | PARTY-IN-INTEREST | 16 Consulting (general) | $818,460 | yes |
| DODGE & COX | PARTY-IN-INTEREST | 51 Investment management fees paid directly by plan; 52 Investment management fees paid indirectly by plan; 68 Soft dollars commissions | $778,449 | yes |
| MACKAY SHIELDS, LLC | PARTY-IN-INTEREST | 51 Investment management fees paid directly by plan | $400,983 | no |
| BARINGS LLC | PARTY-IN-INTEREST | 51 Investment management fees paid directly by plan | $367,790 | no |
| NORTHEAST RETIREMENT SERVICES, INC. | PARTY-IN-INTEREST | 49 Other services | $285,781 | no |
| NEUBERGER BERMAN | PARTY-IN-INTEREST | 51 Investment management fees paid directly by plan | $258,473 | no |
| WILLIS TOWERS WATSON | PARTY-IN-INTEREST | 16 Consulting (general) | $210,312 | no |
| EDELMAN FINANCIAL ENGINES, LLC | PARTY-IN-INTEREST | 26 Investment advisory (participants); 28 Investment management | $164,003 | no |
| JELLYVISION LAB, INC. | PARTY-IN-INTEREST | 16 Consulting (general) | $146,887 | no |
| PAUL HASTINGS | PARTY-IN-INTEREST | 29 Legal | $126,903 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250718120137NAL0000793987001, received 2025-07-18.
Full record
| Field | Value | Source |
|---|---|---|
| Plan sponsor | INTERNATIONAL BUSINESS MACHINES CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Plan name | IBM 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Sponsor EIN / plan number | 13-0871985 / 005 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Sponsor location | ARMONK, NY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Industry (business code) | 541519, Professional, scientific, and technical services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Filing received | 2025-07-18 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Participants, beginning of year | 156,865 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Active participants | 49,030 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Participants, end of year | 149,818 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Participants with an account balance | 147,543 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Total assets, beginning of year | $57,428,456,306 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Total assets, end of year | $60,393,556,150 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Net assets, end of year | $59,358,554,739 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Total income | $9,164,443,955 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Net income | $2,744,079,949 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Participant contributions | $940,757,089 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Other contributions (incl. rollovers) | $564,548 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Total contributions | $941,321,637 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Benefit payments | $6,384,301,509 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Total expenses (incl. benefit payments) | $6,420,364,006 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Total administrative expenses | $36,062,497 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Recordkeeping fees | $12,104 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| IQPA audit fees | $5,750 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Investment advisory and management fees | $29,912,272 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Administrative expenses excluding investment management | $6,150,225 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Held in common/collective trusts | $15,317,817,282 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Held in mutual funds | $9,193,282,485 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250718120137NAL0000793987001, received 2025-07-18 |
| Independent auditor | PRICEWATERHOUSECOOPERS LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250718120137NAL0000793987001, received 2025-07-18 |
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $57,428,456,306 | $60,393,556,150 | 5.2% |
| Participants with a balance | 154,910 | 147,543 | -4.8% |
| Administrative expenses | $37,862,814 | $36,062,497 | -4.8% |
| Recordkeeping fees per participant | $1.23 | $0.08 | -93.4% |
| Employer contributions | $538,656,721 | not reported |
Prior filing 20240713053616NAL0010553539001, received 2024-07-13; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: INTERNATIONAL BUSINESS MACHINES CORPORATION; SEC registrant: INTERNATIONAL BUSINESS MACHINES CORP (CIK 51143, matched by EIN; display name from the Form 11-K cover).