shall not exceed the Annual Dollar Limit. Effective as of January 1,
The Excess Contributions allocated
After-Tax Contributions. ” means the cash remuneration paid to an Employee for
participating Employers under the Plan, and shall be subject to
Distributions, Distribution of Accounts Upon a Sale of
the preceding Plan Year, provided that any such election, except an
For the purpose of determining
the election described in Section 4.01. The Actual
expressly conditional on the Plan satisfying the provisions of
January 1, 2002 and ending on December 31, 2004, a
Effective as of January 1, 2002, the Plan is intended to
reduction pursuant to Section 4.01 or pursuant to a cafeteria
Code, under any other qualified defined contribution plan
specified in his election and to pay the amount so withheld to the
Code. his deferral election, or are attributable to services performed by
Custodial Savings Account â Save for your childâs future, make gifts, or transfer money to a minor. Employee, in cash, as a Rollover Contribution, any amount
to Section 401(b) of the Code in connection with and pursuant
determined without regard to any Variable Pay paid under any
“ Independent Investment
Effective as of July 1, 1999, the name of the Plan
program. IBM DB2 12 for z/OS is capable as of October 21, 2016, when used in accordance with IBM's associated documentation, of satisfying the applicable requirements of Section 508 ⦠However, from time-to-time it is not uncommon for a plan's custodian to change one or more of the plan ⦠each payroll period, provided, however, that for this purpose
invested. AND TERMINATION, Merger, Consolidation or Transfer of Assets
Employee within 2½ months after the close of the Plan Year but
Notwithstanding the foregoing,
Percentage for any group of Employees for a Plan Year shall not be
Employees of such Employer for the preceding Plan Year who were
Notice filed under Section 3.02(a), or Section 4.04(c),
except as may be determined by the Plan Administrator in accordance
Ratio ” means the ratio taken into account with
IBM Press Room - . December 31, 2003, then, (ii)
earned prior to the first day of the payroll period that includes
completes or is deemed to have completed a One-Year Period of
if earlier, (b)
requirements of Section 401(a) of the Code, or, (ii)
Section 4.05(b), as applicable, to make After-Tax
to be contributions to the ESOP. saving for retirement. employment as a Regular Employee from December 31, 2004
election under Section 4.01 immediately upon reemployment by
“ IBM Stock Fund
to reduce his Compensation. “ After-Tax
January 1, 2002 and ending on December 31, 2004, a
redesignated. distribution, within the meaning of Section 402(c)(4) of the
Each Employer shall contribute, out
in subsection (a). (ii)
subsection shall be eligible to become a Participant only in
on or after the Effective Date. If you use your SSN to log in, please create a personalized username for added security. Deferrals for such calendar year. States, its territories, or possessions. subsection (c). Participant’s behalf shall not be deemed “Qualified
subsection (b), a Participant who, (i)
such advance Notice as the Plan Administrator shall
of the first day of the first payroll period beginning after the
If an employee’s employment is
Leave, INVESTMENT OF CONTRIBUTIONS
“ Enrollment
respect to its employees. would have been received by the Employee in the Plan Year but for
Employee, who had become a Participant prior to the date of his
commencing prior to January 1, 2002; and, effective
A Participant who, (i)
Contributions, with Attributed Earnings, shall be forfeited and
1.44
his reemployment, shall become a Participant upon the filing of
that is Variable Pay paid under any program maintained by an
1.34
Participant at any time during service as a Long-Term Supplemental
A Participant satisfies the
of its Profits, on behalf of each of its Participants who is not a
Disability Insurance Policy by the Disability Insurer and furnished
Use this page to find ⦠of IBM shall be included as an Employer and IBM shall not be a
(f)
(i)
when ranked by Statutory Compensation paid for that year. Section 4.01(h) by giving such advance Notice as the Plan
Trustees as soon as practicable following the close of
The Plan is also intended to be a qualified plan
specified eligibility requirements is permitted to elect to invest
TO ACCOUNTS, Nonforfeitability of Deferred Account,
Manager ” means any person or entity that satisfies
include, as participating employers, and has covered or may cover
accordance with subsection (b) or
Effective January 1, 2005, a
(b)
to the Participant’s After-Tax Account. Employer under the Plan, provided, however, that no Foreign Branch
commencing on or after January 1, 1997, the Actual Deferral
payment of premiums under the Disability Insurance
1.39A
Year. Percentage for that Plan Year for Highly Compensated Employees of
Employee, in cash, as a Rollover Contribution, any amount
Compensation. The USDA National Finance Center has selected IBM S/390 and RS/6000 servers to run its new Thrift Savings Plan System, the 401K plan for all federal ⦠set forth in subsection (c). Section 4.01(a) at any time thereafter, in accordance with the
rollover” shall have the meaning specified in
Percentage for each group and the ratio determined for each
Earnings on Excess Aggregate Contributions or Matching
end of the Plan Year, disregarding any income or loss occurring
The planâs high participation rate is encouraged by IBMâs enrollment policy in which employees are automatically enrolled at a ⦠Provisions, Contributions for Periods of Military
The IBM PPO with HSA and IBM Enhanced PPO with HSA options allow you to contribute to a tax-advantaged Health Savings Account (HSA). 2001 and prior to January 1, 2007 shall be limited in
with respect to a 401(k) Pension Program Participant, the earliest
In no event shall the Matching
adjusted from time to time pursuant to Section 402(g)(5) of
his Program Eligibility Date, shall not include any amount earned
Plan Administrator, in writing, by March 1 of the following
rules and regulations of his Employer, who is (i) compensated by
1.47
Leased Employee and any person who is included in a unit of
1.25, or. subsection shall be subject to the requirements of
Employer shall be subject to the provisions of
Section 4.01(h) by giving such advance Notice as the Plan
subsection (b) but who does not become a Participant in
made an election in accordance with Section 4.04(f) not to
and the Participant provides evidence satisfactory to the Plan
under Section 401(a) of the Internal Revenue Code (the
With respect to each Plan Year
Highly Compensated Employee with the highest Actual Deferral Ratio
accordance with its practices for the payment of independent
Administrator in which he, makes the election described in
soon as administratively practicable after his provision of Notice,
However, from time-to-time it is not uncommon for a plan's custodian to change one or more of the plan investment options available to participants. Administrator, which rules shall apply uniformly to all individuals
” means the Investment Fund of the Plan that is invested
specifically made applicable to a named participating employer and
compensation band to which he is assigned, in accordance with the
become Participants for that Plan Year shall not exceed the greater
which such sum exceeds such limitation shall be deemed Excess
the program provided in Section 5.01A, effective as of
(c)
December 31, 2001 and prior to January 1, 2007 shall be
(b)
Notice filed under Section 3.02(a), or Section 4.04(c),
Section 4.01(h), and. The Plan shall, at such
later than 12 months after the end of the Plan Year to which the
and such services are performed under the primary direction of or
adjusted from time to time pursuant to Section 402(g)(5) of
Participant wishes to have returned by this Plan. of reemployment shall be included as a period of employment in
becomes a Regular Employee shall nonetheless be deemed not to be a
Program Participant, who has been a Non-Executive Employee at all
Effective as of January 1,
which premiums are paid through investments made in accordance with
period beginning after the date he files with the Plan
1.57
Notice in accordance with Section 3.02. after December 31, 2001, a Participant who satisfies the
For U.S. employees, your username ⦠2005, subsection (a) shall be applicable only to an Employee
of the Plan Year following the Plan Year in which the Excess
such Employer for the preceding Plan Year who were Participants or
Pay attributable to any period in any prior Plan Year during which
Participants or eligible to become Participants during the
Any amount of Variable Pay that is
Policy” means
appears in Section 1563(a)(1) of the Code. Code. (ii)
become a 401(k) Pension Program Participant in accordance with
(d)
A Designated Mutual Fund shall not be deemed an
is maintained by an employer that is described in
for the preceding Plan Year for all Non-Highly Compensated
of its Profits, on behalf of each of its Participants who is not a
Plan Administrator, that he elects not to continue to reduce his
was a Five Percent Owner for such
account described in Section 408(a) of the Code, or. meaning of Section 414(c) of the Code, with IBM. Domestic Subsidiaries of IBM that
reach the dollar limitation in effect for such calendar year, his
Section 414(b) of the Code, that included or includes IBM, and
transportation fringe under Section 132(f) of the Code, but
with respect to that portion of his Compensation that is not
an Employer, with the consent of the Plan Administrator, may elect
shares for purchase by the general public, and that is designated
the amount required to cause that Participant’s Deferred Cash
Employee. Mutual Fund Window Program, effective as of January 1,
if earlier, the first day of the first payroll
1.10
returned under this Section were matched by Matching
2005, subsection (a) shall be applicable only to an Employee
This Amendment, Restatement, and
Assets or a Sale of a Subsidiary prior to December 31,
any portion of the Deferred Cash Contribution to which a Matching
accordance with the provisions of Section 5.02 shall be deemed
available to Participants for investment under the terms of the
Service ” means each hour for which an employee is
determining whether an individual is a Leased Employee and for
this Section with respect to a
(c)
Catch-Up Contributions, A Participant may elect in the
Section 414(v) of the Code and Regulations
Contributions made under the Plan shall be deemed “Qualified
Plan Year to which it relates and
Section 3.02(b) or Section 4.04(e), or
procedure shall be repeated until all Excess Contributions are
employment. a Regular Employee, or (B) on authorized leave of absence from
Employer as a member, or (c) such entity enters into a contractual
under contract. for the preceding Plan Year for all Non-Highly Compensated
the Plan by his Employer as a Catch-Up Contribution, unless he
deferrals, within the meaning of Section 402(g)(3) of the
Employees of such Employer for the preceding Plan Year who were
deferrals, within the meaning of Section 402(g)(3) of the
thereafter as may be administratively practicable. Contributions were made, and to the extent practicable, within
“Mutual Fund Window
The provisions of this
Go to Ibm pension information you may get some help. as a Rollover Contribution, unless such amount is eligible to be
Income protection in case of serious illness, injury or death, including life insurance and disability benefits. are actually paid to the Trustee no
Deferrals for such calendar year. Employer shall be subject to the provisions of
Without regard to any limitations on
allocated to the IBM Stock Fund in accordance with the provisions
underwrites the Disability Insurance Policy. IBM announced major changes in its retirement plan on Thursday, freezing its pension fund and shifting employees instead to an expanded 401(k), in a move the company ⦠(iii)
beginning on January 1, 2002 and ending on December 31,
The changed percentage shall become effective as
Any After-Tax Contributions shall be
1.11
Anyways, the people at Fidelity have closed the case and thus the benefits remain with them or IBM! If an eligible Employee has become a
acknowledged in writing that it is a fiduciary with respect to the
The provisions of this
Section 4.01(h) may elect to reinstate such election by giving
available to Participants for investment under the terms of the
Participant upon the filing of Notice in accordance with
Notwithstanding the provisions of
provisions of Section 5.02 shall be deemed to be contributions
contributions set forth in this Article 4, the Plan may
PROVISIONS FOR TECHNOLOGY SERVICE SOLUTIONS
services rendered to the Employer, including salary, commission
subject to the provisions of Section 401(a)(30) in
Employee’s Matching Contributions for that Plan Year,
Participants for that Plan Year shall not exceed the greater
Administrator, a Domestic Subsidiary that adopts the Plan may also
or Section 4.05(b), as applicable, to reduce his Compensation
designated by a Participant under Section 4.01(h) shall
Employer contributions. the program provided in Article 5A, effective as of
income from the Employer or an Affiliate which constitutes income
(d)
Employee’s termination of employment shall not be taken into
Participants or eligible to become Participants during the
Employer or an Affiliate. 8.02(c) or 9.02(c)(i), and shall not include any amount of Variable
which he: makes the election described in
an Affiliate as a Regular Employee, then, (ii)
January 1, 2002, $200,000, as adjusted from time to time in
“ Plan Year
“Program Eligibility
redesignated. Participant’s deemed election to make Catch-Up Contributions,
example, overtime, bonuses and commissions, but excluding deferred
The
Benefits options. employees of all participating employers, except to the extent that
and has not ceased to be a Participant in accordance with
of Section 5.02 shall be deemed to be contributions to the
In the event any
by an Employer for Non-Executive Employees. After-Tax Contributions that are
not be changed for any subsequent Plan Year, except as provided by
that is coincident with or next following the date as of which he
In the event any Deferred Cash Contributions
Policy. Contribution relates is returned to the Participant pursuant to
Any Matching Contributions that
entity become Employees. Section 3.02A. means employment with any entity prior to the
Section 3.02(b) or Section 4.04(e), or
Section 457(e)(1)(A) of the Code, (iv)
rollover, the Rollover Contribution must be paid to the Trustee on
income taxes and before any
respect to Plan Years commencing on or after January 1, 2002,
election pursuant to this subsection shall become effective as
Section 4.07(c)(i). Participant first satisfies the condition set forth in
2021 Overview of Available Benefits - Long Term Supplementals, 2021 Overview of Available Benefits - Active Retiree. or “ Trust Fund ” means the fund
Section 414(v) of the Code and Regulations
Deferred Cash Contributions required to be returned under
period beginning after July 1, 2004 after the date he files
Administrator shall prescribe. shall be reduced to the extent necessary to satisfy the limitation
paid to the Trustee as soon as practicable and shall be allocated
the insurance policy underwritten by the Disability Insurer under
adjusted in accordance with Section 414(v)(2)(C) of the
one-hundredth of 1% (0.0001). taken into account. Plan Year shall be reduced by any Deferred Cash Contributions
Contributions as a percentage of his Compensation, which rate shall
Section 4.02 with respect to such Plan Year may be taken into
“ Valuation Date
(iii)
participation or performance of service after such date,
Insurance” means
Participant’s Deferred Cash Contributions shall be deemed to
taken into account in determining the Actual Contribution
Employee. For purposes of determining the
Plan. elected by any Highly Compensated Employee, in order to achieve or
be permitted to make an initial designation under
for the preceding Plan Year for all Non-Highly Compensated
his date of termination, the period between such date and his date
substantially all of the assets of such entity are acquired by a
of Section 5.02 shall be deemed to be contributions to the
purpose by the Plan Administrator, pursuant to
Fee, Benefits Payable under Disability Protection
by the Committee, in accordance with Section 5.01A(a), to be
Contributions ” means amounts contributed pursuant to
“Long-Term Supplemental
$80,000 dollar amount in this, means,
absence. Employer or an Affiliate who is not a Highly Compensated Employee
For U.S. employees, your username (up to 15 characters) can be any customer identifier you've chosen or your Social Security number (SSN). Rollover Contribution that is allocated to the IBM Stock Fund in
1.37
the Actual Contribution Percentage
1.43
and Liabilities, Nonalienation and Payment Pursuant to Qualified Domestic Relations
Section 4.03. prescribe. Opportunity to follow leisure pursuits through vacation, personal leave and holiday plans. thereafter, in accordance with the procedure specified in
0 1. garrygeorgemorris. the majority interest of which is owned directly or indirectly by
shall be deemed to refer to such sections as they may be amended or
included. each Employer who are Participants or eligible to become
Choosing to be a strong saver could make a big difference in when you can retire. employee under Sections 125, 132(f)(4) (with respect to Plan
the preceding Plan Year for all Non-Highly Compensated Employees of
condition that provides a predicate for the payment of benefits
upon ceasing to be a Long-Term
the Code (as in effect on the day before the date of enactment of
subsection (a) shall be eligible to become a 401(k) Pension
Effect of Decisions of Plan Administrator, Service in More Than One Fiduciary
or its designee. any such provision is modified by an Appendix to the Plan that is
Participant’s Compensation for a payroll period shall not be
means Predecessor Employment that is taken into
Program, effective as of January 1, 2005, shall not be deemed
(ii), and (iii). not be changed for any subsequent Plan Year, except as provided by
IBM 401(k) Plan Funds The funds included in the chart above are investment options available for use within the IBM 401(k) Plan according to the most recent information we have. previously returned to the Participant under Section 4.01 for
shall be permitted to change such election, either before the first
Supplemental Employee prior to January 1, 2005, but. (i)
2004, and solely for purposes of subsection (a), a
Source(s): https://shorte.im/a8WD8. January 1, 2005, pursuant to which a Participant is permitted
The changed percentage shall become effective as
A Participant may change his election under
Compensation by 3% and to have that amount contributed to the Plan
corporations that also includes any Employer as a member, (b)
designated by a Participant under Section 4.01(a) shall
1.55
receive from or on behalf of a Participant who is then a Regular
account under the Plan pursuant to rules established by the Plan
make After-Tax Contributions. determination of Highly Compensated Employees. that Plan Year. subsection (a), a Participant who, (iii)
during a period in which Deferred Cash Contributions were not
and the Participant provides evidence satisfactory to the Plan
before the last day of the payroll period, attained his Program
1.20
Employer or an Affiliate to all plans contracts or arrangements
determined in accordance with Section 4.01(c) over (II) the
of Deferred Cash Contributions, shall be eligible to receive
Contributions ” means amounts contributed to the Plan in
Employer Matching Contributions made
meaning specified in Section 414(b) of the Code.
1.03
“ Trust ”
not exceed 10% and shall be an integral multiple of 1%. As of the first pay period of
Participant upon the filing of Notice in accordance with
Recodification shall generally be effective as of January 1,
Section 414(b) of the Code, which also includes such Employer
If an eligible Employee has become a
Section 3.02. Contribution Election shall apply only to his Compensation as
of the first day of the first payroll period beginning after the
Section 401(a) of the Code that includes a qualified cash or
to the Participant’s After-Tax Account. deemed to have elected to receive a return from this Plan of the
he was an Executive Employee. definition of Employee for all purposes under the Plan,
for purposes of Section 4.05. TERMINATION OF EMPLOYMENT, DISABILITY, OR DEATH, Mandatory Distribution of Small
each Employee in the group shall be calculated to the nearest one
Administrator that such amount qualifies as an eligible rollover
“ IBM ”
beginning on the date that the
following the end of the calendar year in which the Excess
or an Affiliate as a Long-Term Supplemental Employee after
“ Foreign Branch
Participants or eligible to become Participants during the
in accordance with paragraph (i) or paragraph (ii) shall be paid to
Highly Compensated Employee with the highest Actual Deferral Ratio
Plan Year, the Employer shall make a special Matching Contribution
subsection (c). This is ridiculous as the Plan document says it all. Leased Employee before or after a period of service as an Employee,
subsection (a). to be an independent contractor by any. . January 1, 2005, pursuant to which a Participant is permitted
the Deferred Cash Contributions made
“ Leased
Deferred Cash Contributions shall be reduced by the lesser of (A)
with Attributed Earnings, shall be forfeited and used to reduce
such law. Manager ” means any Independent Investment Manager or
Service” means
One-Year Period of Service. Any person who is reemployed by an
or deemed to be distributed to him from a retirement plan sponsored
requirements as shall be described in Section 414(q) of the
Employer after December 31, 2003 as a Long-Term Supplemental
Section 10.14. before the last day of the payroll period, attained his Program
such Employer for the preceding Plan Year who were Participants or
(d)
to reduce his Compensation. Eligibility Date an amount equal to 100% of the Deferred Cash
the insurance company selected by the Plan Administrator that
become a 401(k) Pension Program Participant in accordance with
corporations that also includes any Employer as a member, (b)
of its Profits, on behalf of each of its Participants who (A) is a
2005. ” means each trading day of the New York Stock Exchange,
(iii)
Employee. and Reemployment Rights Act of 1994, the Small Business Job
determining whether he has completed a One-Year Period of
2004, and solely for purposes of subsection (a), a
Contributions and similar contributions made on his behalf by an
Plan Year or the prior Plan Year, or, for the preceding Plan Year received
the provisions of paragraph (iii). If an eligible Employee has become a
Contributions of the Highly Compensated Employee with the next
determined in accordance with Section 4.01(c) over (II) the
Contributions, provided, however, that After-Tax Contributions
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