PlanOptica
Retirement plan

PFIZER CONSOLIDATED PENSION PLAN

PFIZER INCEIN 13-5315170Plan #001PY 2018
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100 ROUTE 206 NORTH - PEAPACK, NJ 079770000908-901-8000pfizer.comLinkedIn10001+ employeespharmaceuticals
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8 filings
#002Retirement-$14.07B assets#019Retirement-$109.4M assets#017Retirement-$32.7M assets#027Retirement-$1.1M assets#021Retirement--#023Retirement--#026Retirement--#012Retirement--
Prospect flagsHigh retiree %Low returnsLow participationWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(908) 901-8000
Plan administrator signer
STEPHEN PENNACCHIO
Signed 10/09/2019
Plan administrator entity
THE RETIREMENT COMMITTEE
EIN 132875255
100 ROUTE 206 NORTH · PEAPACK, NJ 07977
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Summary metrics

Total assets (EOY)
$12276.6M
-9.3% from 2016
Total participants
96,456
+2.4% from 2016
Average account balance
$0
No prior year
Annual return
-6.16%
-10.54 pp from 2016

Benchmarks

See 223 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort223 peers
Snapshot2018
Participant deferral / active EE
$0
median $34
Employer contribution / active EE
$0
median $5,100
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $7,764,297
Admin fee / account holder
$0
median $62,356
Annual return
-6.16%
median -3.72%
Overall peer rank
6th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$9.97B
Average account balance
Total assets / participants with a balance (line 6g)
$189K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
44,876
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$1.24B
Contributions per participant
Average employer and participant contribution per enrolled participant
$97K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-2.20%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Enrolled actuary

1 attachment
SB

ANDREW E. WALINSKY

MERCER
Enrollment #1706097
1717 ARCH STREET, SUITE 1100
PHILADELPHIA, PA 19103
(215) 982-4351
Signed 2019-09-18

Top hat statement on fileNQDC

Filed July 27, 2011 (most recent of 5 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes1A3F
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

4 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
KPMG LLP
Auditor EIN
135565207
Audit fees
(not subdivided)
Opinion code
Unqualified