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INTERNATIONAL BUSINESS MACHINES CORPORATION

IBM 401(K) PLAN

401(k)2025EIN 130871985PN 005form_5500
Filed Jul 17, 2026
Original filing
End-of-year assets

$64,476,933,873

Net assets $63,339,527,693

Active participants

47,838

142,001 participant accounts

Service providers

31

17 service categories

Fidelity bond

$150,000,000

Bond reported

Plan & sponsor record
Plan name
IBM 401(K) PLAN
Effective date
Jul 1, 1983
Sponsor
INTERNATIONAL BUSINESS MACHINES CORPORATION
Business code
541519
Administrator
—
Administrator EIN
—
Address
ONE NEW ORCHARD ROAD, MD 261 · ARMONK, NY, 10504
Annual plan activity
Beginning assets$60,393,556,150
Ending assets$64,476,933,873
Employer contributions—
Participant contributions$955,181,003
Total income$10,351,686,643
Benefits paid$6,593,689,650
Administrative expenses$40,093,591
Net income$3,717,903,402
Schedule D · end of year
Investments by manager
  • VANGUARD FIDUCIARY TRUST COMPANY$15.8B
  • CAPITAL GROUP$604M
  • BRIDGEWATER ASSOCIATES, LP$557M
  • AQR CAPITAL MANAGEMENT$333M
  • NEUBERGER BERMAN TRUST COMPANY N.A.$326M
  • STATE STREET BANK AND TRUST COMPANY$321M
  • PRUDENTIAL INSURANCE CO.$284M
  • Other (3 more)$358M
Schedule C · direct and indirect
Compensation by provider
  • STATESTREET$7M
  • PIMCO$6M
  • PRUDENTIAL INSURANCE COMPANY$4M
  • THE LOOMIS, SAYLES & COMPANY, L.P.$3M
  • NEW YORK LIFE INSURANCE COMPANY$2M
  • RBC CAPITAL MARKETS$2M
  • IBM$2M
  • Other (18 more)$13M
Schedule C
Service providers
31
ProviderServicesLocationDirect compensation
STATESTREETEIN 041867445
  • 21Trustee (bank, trust company, or similar financial institution)
  • 50Direct payment from the plan
—$6,745,444
PIMCOEIN 330629048
  • 51Investment management fees paid directly by plan
  • 99Other fees
—$5,636,231
PRUDENTIAL INSURANCE COMPANYEIN 221211670
  • 51Investment management fees paid directly by plan
  • 67Other insurance wrap fees
—$3,698,674
THE LOOMIS, SAYLES & COMPANY, L.P.EIN 043200030
  • 51Investment management fees paid directly by plan
—$2,529,889
RBC CAPITAL MARKETSEIN 411416330
  • 67Other insurance wrap fees
—$2,106,853
IBMEIN 130871985
  • 14Plan administrator
  • 99Other fees
  • 35Employee (plan sponsor)
  • 50Direct payment from the plan
—$1,806,723
METROPOLITAN LIFE INSURANCE COMPANYEIN 135581829
  • 73Other insurance fees and expenses
—$1,607,924
BLACKROCK FINANCIAL MANAGEMENTEIN 133806691
  • 28Investment management
  • 50Direct payment from the plan
  • 51Investment management fees paid directly by plan
—$1,549,572
BRIDGEWATEREIN 132871809
  • 51Investment management fees paid directly by plan
—$1,535,501
NEW YORK LIFE INSURANCE COMPANYEIN 135582869
  • 28Investment management
  • 51Investment management fees paid directly by plan
—$1,498,871
VANGUARDEIN 231945930
  • 51Investment management fees paid directly by plan
—$1,476,358
MASSACHUSETTS MUTUAL LIFE INSURANCEEIN 041590850
  • 67Other insurance wrap fees
—$1,392,278
JP MORGANEIN 133200244
  • 27Investment advisory (plan)
  • 28Investment management
  • 51Investment management fees paid directly by plan
—$1,306,765
BAIRD ADVISORSEIN 396037917
  • 28Investment management
—$891,305
DODGE & COXEIN 941441976
  • 51Investment management fees paid directly by plan
  • 52Investment management fees paid indirectly by plan
  • 68Soft dollars commissions
—$821,347
VOYAEIN 883236443
  • 16Consulting (general)
—$778,137
MACKAY SHIELDS, LLCEIN 135582869
  • 28Investment management
  • 51Investment management fees paid directly by plan
—$608,232
WESTERN ASSET MANAGEMENTEIN 521200960
  • 51Investment management fees paid directly by plan
—$366,514
PRICEWATERHOUSECOOPERS LLPEIN 134008324
  • 10Accounting (including auditing)
—$356,310
BARINGS LLCEIN 510504477
  • 51Investment management fees paid directly by plan
—$353,008
NORTHEAST RETIREMENT SERVICES, INC.EIN 042686260
  • 49Other services
—$285,000
NEUBERGER BERMANEIN 020654486
  • 51Investment management fees paid directly by plan
—$270,838
WILLIS TOWERS WATSONEIN 530181291
  • 16Consulting (general)
—$203,536
PAUL HASTINGSEIN 952209675
  • 29Legal
—$46,085
MORNINGSTAREIN —
  • 99Other fees
CHICAGO, IL$25,100
ANDERSEN TAX LLCEIN —
  • 10Accounting (including auditing)
SAN FRANCISCO, CA$6,000
CAPITAL RESEARCH AND MANAGEMENT COEIN 951411037
———
DIMENSIONAL FUND ADVISORS LPEIN 300447847
———
DODGE & COXEIN 941441976
———
FIDELITY INVESTMENTS INSTITUTIONALEIN 042647786
———
HUELER INVESTMENT SERVICES, INC.EIN 412019329
———
Schedule D
DFE & pooled interests
52
EntityTypeEIN / planEOY interest
VANGUARD INSTITUTIONAL 500 INDEX TRVANGUARD FIDUCIARY TRUST COMPANY
CCommon or collective trust816327546 / 001$9,735,162,497
VANGUARD RUSSELL 1000 GROWTH INDX TVANGUARD FIDUCIARY TRUST COMPANY
CCommon or collective trust226932947 / 001$3,279,838,826
VANGUARD RUSSELL 1000 VALUE INDX TRVANGUARD FIDUCIARY TRUST COMPANY
CCommon or collective trust226932951 / 001$1,130,045,762
VANGUARD RUSSELL 2000 GROWTH INDX TVANGUARD FIDUCIARY TRUST COMPANY
CCommon or collective trust226932966 / 001$634,875,842
BRIDGEWATER ALL WEATHER PORTFOLIOBRIDGEWATER ASSOCIATES, LP
E103-12 investment entity352427182 / 001$556,757,573
VANGUARD RUSSELL 2000 VALUE INDX TRVANGUARD FIDUCIARY TRUST COMPANY
CCommon or collective trust226932945 / 001$546,848,319
AQR GLOBAL RISK PARITY ENHANCED LIQAQR CAPITAL MANAGEMENT
CCommon or collective trust906194032 / 001$332,940,086
NEUBERGER BERMAN TR CO NANEUBERGER BERMAN TRUST COMPANY N.A.
CCommon or collective trust204797982 / 006$325,948,604
STATE STREET MSCI INDIA INDEX NON-LSTATE STREET BANK AND TRUST COMPANY
CCommon or collective trust043339578 / 001$308,608,015
PRIVESTPRUDENTIAL INSURANCE CO.
PPooled separate account221211670 / 020$284,451,604
VOYA PRIVATE CREDIT TRUST FUNDVOYA INVESTMENT TRUST CO.
CCommon or collective trust061440627 / 095$128,163,895
VANGUARD TARGET RETIREMENT 2030 TRUVANGUARD FIDUCIARY TRUST COMPANY
CCommon or collective trust906083979 / 001$107,680,078
CAPITAL GROUP GROWTH FUND OF AMERICCAPITAL GROUP
CCommon or collective trust956597294 / 662$100,647,535
VANGUARD TARGET RETIREMENT 2035 TRUVANGUARD FIDUCIARY TRUST COMPANY
CCommon or collective trust906083977 / 001$87,196,221
CAPITAL GROUP FUNDAMENTAL INVESTORSCAPITAL GROUP
CCommon or collective trust956597294 / 668$79,041,283
VANGUARD TARGET RETIREMENT 2025 TRUVANGUARD FIDUCIARY TRUST COMPANY
CCommon or collective trust906083981 / 001$71,795,010
VANGUARD TARGET RETIREMENT 2040 TRUVANGUARD FIDUCIARY TRUST COMPANY
CCommon or collective trust906083975 / 001$57,948,237
CAPITAL GROUP NEW WORLD TRUST U2CAPITAL GROUP
CCommon or collective trust956597294 / 664$53,187,183
CAPITAL GROUP AMERICAN BALANCED TRUCAPITAL GROUP
CCommon or collective trust956597294 / 672$50,992,638
CAPITAL GROUP NEW PERSPECTIVE TRUSTCAPITAL GROUP
CCommon or collective trust956597294 / 303$47,937,981
VANGUARD TARGET RETIREMENT 2045 TRUVANGUARD FIDUCIARY TRUST COMPANY
CCommon or collective trust906083973 / 001$47,833,099
CAPITAL GROUP WASHINGTON MUTUAL INVCAPITAL GROUP
CCommon or collective trust956597294 / 671$47,029,369
FIDELITY FREEDOM 2030 COMMINGLED POFIDELITY INVESTMENTS
CCommon or collective trust204659714 / 201$45,462,609
CAPITAL GROUP INV CO OF AMERICA TRCAPITAL GROUP
CCommon or collective trust956597294 / 670$44,501,906
CAPITAL GROUP NEW ECONOMY TRUST U2CAPITAL GROUP
CCommon or collective trust956597294 / 663$43,771,192
FIDELITY FREEDOM 2025 COMMINGLED POFIDELITY INVESTMENTS
CCommon or collective trust204659714 / 200$42,674,064
CAPITAL GROUP AMERICAN MUTUAL TRUSTCAPITAL GROUP
CCommon or collective trust956597294 / 666$42,177,276
FIDELITY FREEDOM 2035 COMMINGLED POFIDELITY INVESTMENTS
CCommon or collective trust204659714 / 202$38,815,251
CAPITAL GROUP EUPAC TRUST U1CAPITAL GROUP
CCommon or collective trust956597294 / 661$38,440,195
VANGUARD TARGET RETIREMENT INCOME TVANGUARD FIDUCIARY TRUST COMPANY
CCommon or collective trust906083968 / 001$37,075,448
VANGUARD TARGET RETIREMENT 2020 TRUVANGUARD FIDUCIARY TRUST COMPANY
CCommon or collective trust906083983 / 001$32,385,445
VANGUARD TARGET RETIREMENT 2050 TRUVANGUARD FIDUCIARY TRUST COMPANY
CCommon or collective trust906083969 / 001$31,102,191
CAPITAL GROUP AMCAP TRUST U1CAPITAL GROUP
CCommon or collective trust956597294 / 660$30,392,706
FIDELITY FREEDOM 2040 COMMINGLED POFIDELITY INVESTMENTS
CCommon or collective trust204659714 / 203$30,316,882
CAPITAL GROUP WORLD GROWTH AND INCOCAPITAL GROUP
CCommon or collective trust956597294 / 667$25,504,278
FIDELITY FREEDOM 2020 COMMINGLED POFIDELITY INVESTMENTS
CCommon or collective trust204659714 / 199$18,235,481
VANGUARD TARGET RETIREMENT 2055 TRUVANGUARD FIDUCIARY TRUST COMPANY
CCommon or collective trust276715074 / 001$16,466,739
FIDELITY FREEDOM 2045 COMMINGLED POFIDELITY INVESTMENTS
CCommon or collective trust204659714 / 204$15,797,075
STATE STREET TRL MSCI EMERGING MKTSSTATE STREET BANK AND TRUST COMPANY
CCommon or collective trust566670229 / 001$12,676,507
FIDELITY FREEDOM 2050 COMMINGLED POFIDELITY INVESTMENTS
CCommon or collective trust204659714 / 205$9,215,758
FIDELITY FREEDOM 2015 COMMINGLED POFIDELITY INVESTMENTS
CCommon or collective trust204659714 / 198$7,242,221
PIMCO INFLATION RESPONSE MULTI-ASSEPACIFIC INVESTMENT MANAGEMENT COMPANY
CCommon or collective trust270834899 / 035$5,876,137
FIDELITY FREEDOM 2055 COMMINGLED POFIDELITY INVESTMENTS
CCommon or collective trust204659714 / 206$5,442,794
FIDELITY FREEDOM RETIREMENT COMMINGFIDELITY INVESTMENTS
CCommon or collective trust204659714 / 195$5,246,977
VANGUARD TARGET RETIREMENT 2065 TRUVANGUARD FIDUCIARY TRUST COMPANY
CCommon or collective trust826190443 / 001$4,407,995
VANGUARD TARGET RETIREMENT 2060 TRUVANGUARD FIDUCIARY TRUST COMPANY
CCommon or collective trust453799212 / 001$2,924,687
VANGUARD TARGET RETIREMENT 2070 TRUVANGUARD FIDUCIARY TRUST COMPANY
CCommon or collective trust877035538 / 001$2,652,805
FIDELITY FREEDOM 2010 COMMINGLED POFIDELITY INVESTMENTS
CCommon or collective trust204659714 / 197$2,004,129
FIDELITY FREEDOM 2065 COMMINGLED POFIDELITY INVESTMENTS
CCommon or collective trust204659714 / 208$1,959,275
FIDELITY FREEDOM 2060 COMMINGLED POFIDELITY INVESTMENTS
CCommon or collective trust204659714 / 207$1,373,477
FIDELITY FREEDOM 2070 COMMINGLED POFIDELITY INVESTMENTS
CCommon or collective trust204659714 / 221$199,353
VANGUARD EMPLOYEE BENEFIT INDEX FNDVANGUARD FIDUCIARY TRUST COMPANY
CCommon or collective trust233080210 / 001$0