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Retirement plan

TEVA PHARMACEUTICALS RETIREMENT SAVINGS PLAN (PUERTO RICO)

TEVA PHARMACEUTICALSEIN 22-1734359Plan #002PY 2021
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400 INTERPACE PKWY - PARSIPPANY, NJ 07054215-591-3000
Other plans on this EIN
1 filing
#004Retirement-$2.37B assets
Prospect flagsHigh feesLow participationLow employer contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(215) 591-3000
Plan administrator signer
EDUARDO NASI CHEIDE DE GRACA
Signed 09/27/2022
How to read this page

Summary metrics

Total assets (EOY)
$6.9M
+3.3% from 2016
Total participants
75
+8.5% from 2016
Average account balance
$101,421
-11.4% from 2016
Annual return
9.56%
-4.93 pp from 2016

Benchmarks

See 103,166 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants<25
Cohort103,166 peers
Snapshot2021
Participant deferral / active EE
$0
median $5,339
Employer contribution / active EE
$80
median $2,842
Participation rate
58.8%
median 100.0%
Avg account balance
$101,421
median $102,243
Admin fee / account holder
$4,042
median $764
Annual return
9.56%
median 13.54%
Overall peer rank
22nd percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$5.93M
Average account balance
Total assets / participants with a balance (line 6g)
$119K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
50
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
56.3%
Contributions (total)
Employer and participant dollars contributed each year
$1K
Contributions per participant
Average employer and participant contribution per enrolled participant
$80
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+9.93%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$12630
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.

Top hat statement on fileNQDC

Filed January 19, 2016 (most recent of 3 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 codes2E2F2G2J2K2S2T3H3J
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    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 contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
  • 3J
    U.S.-based Puerto Rico dual-qualified plan
    U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

3 tripped
  • OpportunityLow participation

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

  • OpportunityLow employer contribution

    Employer contribution per participant is in the bottom quintile of the peer cohort.

  • OpportunityHigh fees

    Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II
Admin total
$275K
$16170 / participant
  • Other / not subdivided$275K100.0%
% of EOY assets
3.986%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
No opinion code on file for this filing.
Auditor firm
(not reported)
Auditor EIN
-
Audit fees
(not subdivided)
Opinion code
-