IBM Reopens Defined Benefit Pension Plan—Will Other Corporates Follow?

IBM Retirement PlansPhoto credit: Wealth45.comAfter years of the decline of defined benefit (DB) plans for employee retirement, it was surprising to see IBM announce the reopening of its DB plan. Meanwhile, we continue to see headlines on the paucity of retirement savings workers have in their largely self-funded defined contribution (DC) plans.IBM’s traditional DB pension plan had $25.1 billion in assets in 2022. And IBM’s DC 401(k) Plus Plan had$53.2 billion in assets, according to the latest 11-K statem ...