401(k) · DOL Form 5500 · 2023
International Business Machines Corporation 401(k) Plan
Data updated 2026-08-25
- $57.4B
- Total assets Mega-plan scale
- 54,912
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $1.0M
- Avg per participant High balance/head
Official DOL plan name: IBM 401 (K) Plus Plan · Sponsored by International Business Machines Corporation · New York · Professional & Technical Services
$57.4B in assets, 54,912 participants
International Business Machines Corporation's IBM 401 (K) Plus Plan reported $57.4B in total assets and 54,912 participants in its 2023 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #20,321 in Professional & Technical Services (20,321 peers)
Coverage in New York
IBM 401 (K) Plus Plan covers 54,912 participants in New York, 69x the typical New York plan (state average ~798 per filing). Assets: $57.4B.
- #20,321
- in Professional & Technical Services (20,321 peers)
- +7.6%
- assets growth YoY
- 576×
- vs typical plan assets (national mean)
IBM 401 (K) Plus Plan's outsized position by total assets
IBM 401 (K) Plus Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$57,428,456,306 Highest reported value at or above every one of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
IBM 401 (K) Plus Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBM 401 (K) Plus Plan is a mega filing (54,912 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- IBM 401 (K) Plus Plan reported net income rose from -$14.2B in the plan year 2022 filing to $4.7B in the plan year 2023 filing.
- IBM 401 (K) Plus Plan end-of-year assets rose from $53.4B in the plan year 2022 filing to $57.4B in the plan year 2023 filing.
- IBM 401 (K) Plus Plan reported participants fell from 56,376 in the plan year 2022 filing to 54,912 in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 130871985 · International Business Machines Corporation PY 2023 · 401(k)
IBM 401 (K) Plus Plan · $57.4B · 54,912 · 100th
- TYPE $57.4B
- NET 54,912
- BOOK 100th
- VS-ST 401(k)
- BOY near The Bank of America 401(k) Plan
- SCH ind #20321
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in New York →
IBM 401 (K) Plus Plan in the asset neighbourhood
New York filing particulars
| Total Assets (Beginning of Year) | $53.4B |
|---|---|
| Net Assets (End of Year) | $56.4B |
| Net Income | $4.7B |
| Employer EIN | 130871985 |
| Plan Effective Date | 1983-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (International Business Machines Corporation)
Sponsor-wide plan assets over time
All International Business Machines Corporation plans reported in each filing year
- Latest sponsor-wide plan assets
- $78.3B 0.712905096080379% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 72,807 | $78.9B |
| 2023 | 3 | 69,793 | $82.4B |
| 2024 | 3 | 100,688 | $78.3B |
Nearby 401(k) Plans in New York
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Pfizer Savings Plan $19.6B · 30,033
- Morgan Stanley 401(k) Plan $19.2B · 55,363
- The Pepsico Savings Plan $13.7B · 133,597
- The Goldman Sachs 401(k) Plan $11.4B · 24,866
- McKinsey & Company, Inc. (Psrp) Profit Sharing Retirement Plan $9.1B · 17,796
Scale composition for IBM 401 (K) Plus Plan
IBM 401 (K) Plus Plan reports $57.4B in end-of-year assets across 54,912 participants (0.47% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.058% of 93,925,755 covered participants) - about $1.0M per participant (7.6x the national average assets-per-participant) . Net income for plan year 2023 was $4.7B.
This plan identity (EIN 130871985, plan #005) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $53.4B to $60.4B (+13.2%) while covered participants moved from 56,376 to 52,674 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 56,376 | $53.4B | Open filing |
| 2023 | 54,912 | $57.4B | This page |
| 2024 · index core | 52,674 | $60.4B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- IBM 401(k) Plan (401(k), $60.4B, 52,674 participants)
- IBM Personal Pension Plan (Defined Benefit (Pension), $17.9B, 48,014 participants)
IBM 401 (K) Plus Plan's out-of-state 401(k) peers by assets and headcount
Outside New York, the nearest 401(k) by assets is The Bank of America 401(k) Plan in NC ($54.8B); by covered participants it is Ross Stores, Inc. 401(k) Savings Plan in CA (55,389 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($57.4B here).
- The Bank of America 401(k) Plan (NC) $54.8B · 173,899
- Microsoft Corporation Savings Plus 401(k) Plan (WA) $53.2B · 123,296
- Rtx Savings Plan (CT) $52.8B · 123,037
- Wells Fargo & Company 401(k) Plan (CA) $51.8B · 193,919
Similar participant headcount
Nearest other-state filings by covered participants (54,912 participants); asset peers above are excluded.
- Ross Stores, Inc. 401(k) Savings Plan (CA) 55,389 · 477 off
- Truist Financial Corporation 401(k) Savings Plan (NC) 55,480 · 568 off
- Centene Management Corporation Retirement Plan (MO) 53,822 · 1,090 off
- The Progressive 401(k) Plan (OH) 56,176 · 1,264 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.