Ibm Benefits Plan For Retired Employees — Form 5500 plan (International Business Machines Corporation)
Plain-English plan 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, Ibm Benefits Plan For Retired Employees is a benefit plan reported by International Business Machines Corporation under EIN 13-0871985 and plan number 518. The latest loaded filing year is 2023. The filing reports 164,989 participants and $17,330,998 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- International Business Machines Corporation
- EIN
- 13-0871985
- Plan number
- 518
- Plan type
- 2
- Location
- Armonk, NY
- Latest filing year
- 2023
- Participants
- 164,989
- End-of-year plan assets
- $17,330,998
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 164,989 | H, C | 20241001095939NAL0011320976001 |
| 2023 | 121,872 | H, C | 20241105145619NAL0008906353001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $19,461,397
- Total liabilities (EOY)
- $22,067,432
- Net assets (EOY)
- -$2,606,035
- Net assets (BOY)
- -$16,390,696
Income & contributions
- Employer contributions
- $246,720,200
- Participant contributions
- $38,278,796
- Total contributions
- $284,998,996
- Total income / additions
- $287,006,769
Expenses & distributions
- Benefits paid
- $264,943,853
- Administrative expenses
- $8,278,255
- Total expenses
- $273,222,108
- Net increase / (decrease)
- $13,784,661
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity | PARTY-IN-INTEREST | $3,926,699 | not reported in the loaded dataset | 2023 |
| Fidelity | PARTY-IN-INTEREST | $2,589,690 | not reported in the loaded dataset | 2023 |
| Aetna | PARTY-IN-INTEREST | $2,030,011 | not reported in the loaded dataset | 2023 |
| Anthem Insurance | PARTY-IN-INTEREST | $1,620,414 | not reported in the loaded dataset | 2023 |
| Aetna | PARTY-IN-INTEREST | $1,564,242 | not reported in the loaded dataset | 2023 |
| United Healthcare | PARTY-IN INTEREST | $1,189,816 | not reported in the loaded dataset | 2023 |
| Anthem Insurance | PARTY-IN-INTEREST | $1,056,774 | not reported in the loaded dataset | 2023 |
| Cvs Caremark | PARTY-IN-INTEREST | $315,213 | not reported in the loaded dataset | 2023 |
| Cvs Caremark | PARTY-IN-INTEREST | $306,868 | not reported in the loaded dataset | 2023 |
| Metropolitan Life | PARTY-IN-INTEREST | $191,325 | not reported in the loaded dataset | 2023 |
| Mercer | PARTY-IN-INTEREST | $185,603 | not reported in the loaded dataset | 2023 |
| Metropolitan Life | PARTY-IN-INTEREST | $124,973 | not reported in the loaded dataset | 2023 |
| Optum Health (Ubh) | PARTY-IN INTEREST | $110,188 | not reported in the loaded dataset | 2023 |
| Hta, LLC | PARTY-IN-INTEREST | $102,960 | not reported in the loaded dataset | 2023 |
| United Healthcare | PARTY-IN-INTEREST | $66,458 | not reported in the loaded dataset | 2023 |
| Budco | PARTY- INTEREST | $64,580 | not reported in the loaded dataset | 2023 |
| Ernst & Young | PARTY-IN INTEREST | $60,199 | not reported in the loaded dataset | 2023 |
| Ernst & Young | PARTY-IN INTEREST | $42,804 | not reported in the loaded dataset | 2023 |
| Budco | PARTY- INTEREST | $41,023 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for International Business Machines Corporation
- 2023 Form 5500 filing
- 2023 Form 5500 filing
- Form 5500 filings in NY
- 401(k) and benefit plan filings in Armonk, NY
- Fidelity — Schedule C compensation
- Aetna — Schedule C compensation
- Anthem Insurance — Schedule C compensation
- United Healthcare — Schedule C compensation
- Cvs Caremark — Schedule C compensation
- Metropolitan Life — Schedule C compensation
- Mercer — Schedule C compensation
- Optum Health (Ubh) — Schedule C compensation
- Hta, LLC — Schedule C compensation
- Budco — Schedule C compensation
- Ernst & Young — Schedule C compensation