IBM Personal Pension Plan

Corporate pension· Armonk, New York

Corporate pension, based in Armonk, New York, reporting $18B in assets, for 140,566 participants.

Composed from this allocator's classification, location and filed figures.

Assets
$18B
Funded ratio
71.9%
Fund commitments
10
Managers
9
As of · the latest dated event for this allocator; each figure carries its own filing or report date

Nothing material in the last 90 days. Last change: 31 Dec 2024, Russell Investment Group no longer appears on IBM Personal Pension Plan's Schedule C as pension consultant (plan year 2024 vs 2023).

10 more advisers, 6 more managers, 20 more commitments and 24 more dated events

Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.

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Capital path

who backs this record, through what, into what; each name opens its own path
IBM Personal Pension Plan
Funds committed to
All 10

Relationship network

130 connected entities23 observed commitments16 repeat counterparties14 dated commitments shown here, 2022 to 2024

From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.

What stands out
Reading the network
  • Sponsor
  • Fund or vehicle
  • Service provider
›How strength and recency are read

Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

Size, funding, policy and commitments, with their basesCorporate pensionShow
Corporate pension
Assets
$18B
Total assets, Dec 31, 2024 reported
Funded
71.9%
Jan 1, 2024
Private markets target
no policy read
policy Dec 31, 2024
Commitments
10
11 managers on Schedule C
Plan sponsor: International Business Machines Corporation

Allocation policy

Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 3.6%
  • Non-interest-bearing cash 0.1%
  • Corporate debt instruments (other) 21.9%
  • Corporate debt instruments (preferred) 0.4%
  • U.S. Government securities 38.6%
  • Employer securities 0.0%
  • Other investments 12.4%
  • Partnership/joint venture interests 8.2%
  • 103-12 investment entities 0.8%
  • Common/collective trusts 3.0%
  • Pooled separate accounts 3.3%
  • Registered investment companies 2.5%
  • Common stock 3.6%
  • Preferred stock 0.0%

Consultants and advisers

13 firms

+10 more consultants and advisers advise this allocator

Every name, record and relationship behind this count, with the source on each.

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People

No investment staff or executives have been read for this allocator yet.

Manager roster

9 managers on the commitment tape
From the plan’s own commitment disclosures

+6 more managers received commitments

Every name, record and relationship behind this count, with the source on each.

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From Schedule C (investment management, code 28)

+53 more Schedule C managers

Every name, record and relationship behind this count, with the source on each.

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What changed

29 events
  • Dec 31, 2024Holding started
    IBM Personal Pension Plan first reports an interest in Russell 2000 Index Nl Fund (State Street - Russell 2000): $38M at 2024-12-31
    with State Street Global Advisors Trust Companyaskebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    IBM Personal Pension Plan no longer reports Western Asset Mgt Opportunistic V (last held $23M at 2023-12-31; absent from the 2024-12-31 filing)
    with Western Asset Mgt Opportunistic Vaskebsa.dol.gov
  • Dec 31, 2024Holding started
    IBM Personal Pension Plan first reports an interest in TWO Sigma International Core Fund: $81M at 2024-12-31
    with TWO Sigma International Core Fundaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Income Research no longer appears on IBM Personal Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Income Research & Mgmt. Inc.askebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Russell Investment Group no longer appears on IBM Personal Pension Plan's Schedule C as pension consultant (plan year 2024 vs 2023)
    with Frank Russell Companyaskebsa.dol.gov

+24 more dated events

Every name, record and relationship behind this count, with the source on each.

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Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.

Commitments

23 rows, 0 dated closings
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Privest Accountseparate accountPrudential Insurance Company of AmePooled vehicles$590M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Jpmcb Global Emerging Mkts Discovercollective trustJP Morgan Chase BankPooled vehicles$34.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Emerging Markets Alpha Tilts Fundcollective trustBlackrock Institutional Trust Company, N.A.Public equity$42.3M heldDisclosed holdingaskebsa.dol.gov

+20 more commitments

Every fund and manager this allocator committed to, with the amount, date and source on each.

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Size and funding

33 readings
Total assets
$18B Dec 31, 2024 reported Form 5500
$25B (2023-12) · $26B (2022-12)
Plan assets
$24B Jan 1, 2024 reported Form 5500
$25B (2023-01) · $52B (2022-01)
Net assets
$18B Dec 31, 2024 reported Form 5500
$24B (2023-12) · $25B (2022-12)
Funded ratio
71.9% Jan 1, 2024 reported Form 5500
72.3% (2023-01) · 87.9% (2022-01)
Funding target
$19B Jan 1, 2024 reported Form 5500
$20B (2023-01) · $36B (2022-01)
Discount rate
5.07% Jan 1, 2024 reported Form 5500
5.13% (2023-01) · 5.26% (2022-01)
Participants
140,566 Jan 1, 2024 reported Form 5500
144,002 (2023-01) · 250,506 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$0 (2023-12) · $0 (2022-12)
Benefits paid
$7.7B Dec 31, 2024 reported Form 5500
$1.7B (2023-12) · $20B (2022-12)
Net investment income
-$6.9B Dec 31, 2024 reported Form 5500
-$720M (2023-12) · -$27B (2022-12)
Investment management fees
$28.7M Dec 31, 2024 reported Form 5500
$39.4M (2023-12) · $64.2M (2022-12)

Form 5500 filings

3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 2024140,566$24B$19B71.9%$18B$1.5BNot disclosedNot disclosed
2023 to Dec 31, 2023144,002$25B$20B72.3%$25B$1.7BNot disclosedNot disclosed
2022 to Dec 31, 2022250,506$52B$36B87.9%$26B$3.2BNot disclosedNot disclosed
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • Fidelity Investments codes 37 64 65 71 $11.1M PY2024
  • Towers Watson Delaware Inc. codes 11 51 $10.3M PY2024
  • Ibm codes 15 50 51 56 $5.9M PY2024

+209 more service providers

Every name, record and relationship behind this count, with the source on each.

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Provenance

Identifiers: EIN-PN 130871985-001
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 29, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.
Capital chain

IBM Personal Pension Plan sits on 43 traced paths of capital across the graphs.

Consultant to allocator to manager

DFX traced 43 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

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Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

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Record history

29 dated events on the change ledger, latest event first
  • Holding in a pooled vehicle started
    2024-12-31source on record
  • Holding in a pooled vehicle ended
    2024-12-31source on record
  • Holding in a pooled vehicle started
    2024-12-31source on record

+26 more changes on this record's ledger

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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

›Connections

every published relationship on the graph

+70 connections on the graph

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