Plan Ledger DOL Form 5500 · updated monthly

International Business Machines Corporation401(k) + ESOP (KSOP)

IBM 401 (K) PLUS PLAN · ARMONK, NY · plan year 2025

Reported admin expense ratio · 2025
0.07%

International Business Machines Corporation reported $40,093,591 in plan administrative expenses for 2025: 0.07% of average plan assets, above the peer median. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio rose from 0.06% to 0.07%. The plan sits in the over $1B size bracket, benchmarked here against 141 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1st-largest of 5,648 plans among New York employers on file, and the 1st of 11,654 in professional & technical services. active participation has shrunk from 54,912 to 47,838 since 2022.

Plan summary
Net assets, end of year$63,339,527,693
Participants with balances142,001
Active participants47,838
Employer contributions—
Employee contributions$955,181,003
Employer contribution per active participant—
Average account balance$446,050
Benefits paid to participants$6,593,689,650
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$63.3B · 142,001 accts
2024$59.4B · 147,543 accts
2023$56.4B · 154,910 accts · $538.7M emplr
2022$51.7B · 162,870 accts · $489.5M emplr
Administrative expenses, itemized · 2025
Investment management$32,612,435
Audit (IQPA)$356,310
Trustee / custodial$2,548,806
Total administrative$40,093,591
What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 202512
STATESTREET · Trustee$6,745,444
PIMCO$5,636,231
THE LOOMIS, SAYLES & COMPANY, L.P.$2,529,889
RBC CAPITAL MARKETS$2,106,853
IBM · Plan administrator$1,806,723
METROPOLITAN LIFE INSURANCE COMPANY$1,607,924
BLACKROCK FINANCIAL MANAGEMENT · Investment management$1,549,572
BRIDGEWATER$1,535,501
NEW YORK LIFE INSURANCE COMPANY · Investment management$1,498,871
VANGUARD$1,476,358
MASSACHUSETTS MUTUAL LIFE INSURANCE$1,392,278

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$40,093,591 · 0.07%
2024$36,062,497 · 0.06%
2023$37,862,814 · 0.07%
2022$36,489,247 · 0.06%
Same employer
Similar plansProfessional & Technical Services · New York
Oracle Corporation CA$35.0B · 0.03%
Amazon.com Services, LLC WA$34.6B · 0.02%
Amazon.com Services,Llc WA$26.2B · 0.02%
Deloitte LLP NY$11.0B · 0.07%
McKinsey & Company, Inc. NY$9.8B · 0.02%
Bloomberg L.P. NY$5.7B · 0.00%
Wpp Group USA, Inc. NY$4.7B · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 130871985 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.