Retirement plan

AMNEAL PHARMACEUTICALS LLC AND SUBSIDIARIES 401(K) PLAN

Name: AMNEAL PHARMACEUTICALS LLC - AMNEAL PHARMACEUTICALS LLC AND SUBSIDIARIES 401(K) PLAN (2021) Form 5500
Creator: AMNEAL PHARMACEUTICALS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMNEAL PHARMACEUTICALS LLC AND SUBSIDIARIES 401(K) PLAN, AMNEAL PHARMACEUTICALS LLC

AMNEAL PHARMACEUTICALS LLCEIN 90-0186021Plan #001PY 2021

50 HORSEBLOCK ROAD - BROOKHAVEN, NY 11719631-952-0214amneal.comLinkedIn5001-10000 employeespharmaceuticals

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$203.1M

-45.7% from 2018

Total participants

3,498

-35.4% from 2018

Average account balance

$60,946

-16.5% from 2018

Annual return

20.45%

-36.91 pp from 2018

Benchmarks

See 394 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort394 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$278.49M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

3,629

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.

93.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$32.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+15.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$87

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Service code 37 · EIN 04-2647786	Loan Processing	$242,934
EISNERAMPER LLP2 years Service code 10 · EIN 13-1639826	Accounting	$50,752
MORGAN STANLEY SMITH BARNEY5+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 26 · EIN 20-8764829	Advisory (Participants)	$45,000

Plan features & details

Pension benefit codes2K2T3D2F2G2J

Plan features

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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$339K

$146 / participant

Other / not subdivided$339K100.0%

% of EOY assets

0.167%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EISNERAMPER LLP
Auditor EIN: 871363769
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,946

$114,195-46.6%

$106,554-42.8%

$93,010-34.5%

Participation rate

92.8%

86.4%+6.4pp

76.1%+16.7pp

73.9%+18.9pp

Annual return

20.45%

22.18%-1.7pp

26.80%-6.4pp

158.70%-138.3pp

Employer contribution / active EE

$4,109

$4,009+2.5%

$2,819+45.7%

$2,705+51.9%

Participant deferral / active EE

$7,836

$5,908+32.6%

$4,398+78.1%

$4,561+71.8%

Admin fee / account holder

$102

$105-2.9%

$7,408-98.6%

$152-33.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Service code 37 · EIN 04-2647786

Loan Processing

$242,934

EISNERAMPER LLP2 years

Service code 10 · EIN 13-1639826

Accounting

$50,752

MORGAN STANLEY SMITH BARNEY5+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 26 · EIN 20-8764829

Advisory (Participants)

$45,000

AMNEAL PHARMACEUTICALS LLC AND SUBSIDIARIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMNEAL PHARMACEUTICALS LLC AND SUBSIDIARIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

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