IBM 401(k) Plus Plan

Plan nameIBM 401(k) Plus Plan
LocationArmonk, NY
Asset size ($mm)$61,000
Participants173,513
IndustryTechnology
Participation rate97%
Average deferral rate9.9%
# of funds offered156
Investment reviewAnnually
True-up matchYes
Match vesting periodImmediately upon enrollment
EligibilityImmediately upon hire
Default deferral rate5%
Default investmentTDF (all types)
Automatic escalationOpt-in
Systematic withdrawalsYes
Fee equalizationNo
  
Match rate100% on first 5% of salary
% receiving full match>75%
Maximum employer contribution6%
  
Financial education 
Saving/BudgetingYes
Investing strategiesYes
College savingYes
Credit/Debt managementYes
Tax/Estate planningYes
Retiree health costs/savings optionsYes
 
RecordkeeperFidelity
Note: Match rates and employer contributions are simplified for reporting purposes and may have other attributes (e.g., caps/limits, tiers, etc.) not listed here.
E_NOTICE Error in file single-awards.php at line 27: Undefined variable: pid