UNITED BUSINESS MACHINES, INC. EMPLOYEES' 401(K) PLAN
Plan Contact
- Address: 9218 GAITHER ROAD,GAITHERSBURG,MD
- Contact person: DORIS A GREEN
- Phone: (703) 917-0100
Plan General Information
UNITED BUSINESS MACHINES, INC. EMPLOYEES' 401(K) PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of UNITED BUSINESS MACHINES, INC. EMPLOYEES' 401(K) PLAN is $12,243,367.00.This plan was established in 1999.
UNITED BUSINESS MACHINES, INC. EMPLOYEES' 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in UNITED BUSINESS MACHINES, INC. EMPLOYEES' 401(K) PLAN is 106
UNITED BUSINESS MACHINES, INC. EMPLOYEES' 401(K) PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for UNITED BUSINESS MACHINES, INC. EMPLOYEES' 401(K) PLAN is $115,503.00
UNITED BUSINESS MACHINES, INC. EMPLOYEES' 401(K) PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for UNITED BUSINESS MACHINES, INC. EMPLOYEES' 401(K) PLAN is $4,290.00.
UNITED BUSINESS MACHINES, INC. EMPLOYEES' 401(K) PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in UNITED BUSINESS MACHINES, INC. EMPLOYEES' 401(K) PLAN is approximately $1,064.00
Investing in this additonal $1,064.00 for 20 years would give you extra $68,107.00, assuming a 10% annual return.
Investing in this additonal $1,064.00 for 20 years would give you extra $68,107.00, assuming a 10% annual return.
UNITED BUSINESS MACHINES, INC. EMPLOYEES' 401(K) PLAN Total Employer Contribution and Match Rate
In 2022, UNITED BUSINESS MACHINES, INC. EMPLOYEES' 401(K) PLAN allocates $112,803.00 to match its employees' contributions, providing an employer match rate of 24.23% of their contributions
UNITED BUSINESS MACHINES, INC. EMPLOYEES' 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of UNITED BUSINESS MACHINES, INC. EMPLOYEES' 401(K) PLAN is -17.08%.
UNITED BUSINESS MACHINES, INC. EMPLOYEES' 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for UNITED BUSINESS MACHINES, INC. EMPLOYEES' 401(K) PLAN is -16.35%. This measures the effectiveness of the plan participants' investments in the year.
UNITED BUSINESS MACHINES, INC. EMPLOYEES' 401(K) PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of UNITED BUSINESS MACHINES, INC. EMPLOYEES' 401(K) PLAN is 0.65%.
Enrollment Features
UNITED BUSINESS MACHINES, INC. EMPLOYEES' 401(K) PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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