Retirement plan

PFIZER CONSOLIDATED PENSION PLAN FOR EMPLOYEES RESIDENT IN PUERTO RICO

Name: PFIZER PHARMACEUTICALS LLC - PFIZER CONSOLIDATED PENSION PLAN FOR EMPLOYEES RESIDENT IN PUERTO RICO (2023) Form 5500
Creator: PFIZER PHARMACEUTICALS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PFIZER CONSOLIDATED PENSION PLAN FOR EMPLOYEES RESIDENT IN PUERTO RICO, PFIZER PHARMACEUTICALS LLC

PFIZER PHARMACEUTICALS LLCEIN 66-0577291Plan #004PY 2023

1000 MYLAN BOULEVARD - CANONSBURG, PA 15317724-514-1451

Other plans on this EIN

1 filing

#011Retirement-$51.1M assets

Prospect flagsHigh retiree %Low employer contributionWind-down / frozen

How to read this page

Total assets (EOY)

$586.8M

-1.0% from 2016

Total participants

8,049

+1.4% from 2016

Average account balance

No prior year

Annual return

13.63%

-8.67 pp from 2016

Benchmarks

See 110 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined benefit

Participants250-999

Cohort110 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$604.09M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$76K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

7,331

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.89M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.29%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH4 years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 51 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281	Investment Mgmt Fees	$712,749
BANCO POPULAR DE PUERTO RICO2 years Service code 21 · EIN 66-0561870 PO BOX 362708 · SAN JUAN, PR 009362708	Bank Trustee	$693,839
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY Service code 15 · EIN 04-3275867 200 SEAPORT BLVD · BOSTON, MA 02210	Recordkeeping	$425,639
MERCER3 years Service code 11 · EIN 13-2834414 1166 AVENUE OF THE AMERICAS · NEW YORK, NY 10036	Actuarial	$293,776
THE BANK OF NEW YORK MELLON3 years Filed as: BANK OF AMERICA Service code 21 · EIN 94-1687665 101 S TRYON ST · CHARLOTTE, NC 28280	Bank Trustee	$70,088

Enrolled actuary

1 attachment

Free accounts unlock saves, downloads, and 3-year history.

Plan features & details

Pension benefit codes1A3C

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).
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant 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.

Expense breakdown

Schedule H Part II

Admin total

$2.2M

$3385 / participant

Recordkeeping$426K19.4%
Trustee / custodial$764K34.8%
Investment mgmt$713K32.4%
Actuarial$294K13.4%
Other / not subdivided$7170.0%

% of EOY assets

0.374%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SCHNEIDER DOWNS & CO. INC.
Auditor EIN: 251408703
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$3,299,877-100.0%

$80,293-100.0%

$3,299,877-100.0%

Participation rate

0.0%

0.0%0pp

5.6%-5.6pp

2.3%-2.3pp

Annual return

13.63%

20.09%-6.5pp

15.31%-1.7pp

37.77%-24.1pp

Employer contribution / active EE

$15,382-100.0%

$28,686-100.0%

$15,798-100.0%

Participant deferral / active EE

$17-100.0%

$126-100.0%

$732-100.0%

Admin fee / account holder

$9,287-100.0%

$456-100.0%

$9,287-100.0%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH4 years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 51 · EIN 13-5674085

4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281

Investment Mgmt Fees

$712,749

BANCO POPULAR DE PUERTO RICO2 years

Service code 21 · EIN 66-0561870

PO BOX 362708 · SAN JUAN, PR 009362708

Bank Trustee

$693,839

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY

Service code 15 · EIN 04-3275867

200 SEAPORT BLVD · BOSTON, MA 02210

Recordkeeping

$425,639

MERCER3 years

Service code 11 · EIN 13-2834414

1166 AVENUE OF THE AMERICAS · NEW YORK, NY 10036

Actuarial

$293,776

THE BANK OF NEW YORK MELLON3 years

Filed as: BANK OF AMERICA

Service code 21 · EIN 94-1687665

101 S TRYON ST · CHARLOTTE, NC 28280

Bank Trustee

$70,088

PFIZER CONSOLIDATED PENSION PLAN FOR EMPLOYEES RESIDENT IN PUERTO RICO

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PFIZER CONSOLIDATED PENSION PLAN FOR EMPLOYEES RESIDENT IN PUERTO RICO

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion