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AMERICAN BUSINESS MACHINES 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameAMERICAN BUSINESS MACHINES 401(K) RETIREMENT PLAN
Plan identification number 001

AMERICAN BUSINESS MACHINES 401(K) RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

AMERICAN BUSINESS MACHINES has sponsored the creation of one or more 401k plans.

Company Name:AMERICAN BUSINESS MACHINES
Employer identification number (EIN):952263507
NAIC Classification:423800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AMERICAN BUSINESS MACHINES 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01JUDITH G. JONES2020-10-13 JUDITH G. JONES2020-10-13
0012018-01-01
0012017-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01
0012012-01-01JUDITH JONES2013-10-11 JUDITH JONES2013-10-11
0012011-01-01JUDITH JONES2012-10-11 JUDITH JONES2012-10-11
0012010-01-01JUDITH JONES2011-10-12 JUDITH JONES2011-10-12

Plan Statistics for AMERICAN BUSINESS MACHINES 401(K) RETIREMENT PLAN

401k plan membership statisitcs for AMERICAN BUSINESS MACHINES 401(K) RETIREMENT PLAN

Measure Date Value
2019: AMERICAN BUSINESS MACHINES 401(K) RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01103
Total number of active participants reported on line 7a of the Form 55002019-01-0189
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-016
Total of all active and inactive participants2019-01-0195
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0195
Number of participants with account balances2019-01-0134
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010

Financial Data on AMERICAN BUSINESS MACHINES 401(K) RETIREMENT PLAN

Measure Date Value
2019 : AMERICAN BUSINESS MACHINES 401(K) RETIREMENT PLAN 2019 401k financial data
Total income from all sources2019-12-31$199,163
Expenses. Total of all expenses incurred2019-12-31$22,326
Benefits paid (including direct rollovers)2019-12-31$22,276
Total plan assets at end of year2019-12-31$761,083
Total plan assets at beginning of year2019-12-31$584,246
Value of fidelity bond covering the plan2019-12-31$80,000
Total contributions received or receivable from participants2019-12-31$65,264
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$133,899
Net income (gross income less expenses)2019-12-31$176,837
Net plan assets at end of year (total assets less liabilities)2019-12-31$761,083
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$584,246
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022019-12-31$2,293
Total contributions received or receivable from employer(s)2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$50
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0

Form 5500 Responses for AMERICAN BUSINESS MACHINES 401(K) RETIREMENT PLAN

2019: AMERICAN BUSINESS MACHINES 401(K) RETIREMENT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes

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