Retirement plan

AMGEN RETIREMENT AND SAVINGS PLAN

Name: AMGEN INC. - AMGEN RETIREMENT AND SAVINGS PLAN (2021) Form 5500
Creator: AMGEN INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMGEN RETIREMENT AND SAVINGS PLAN, AMGEN INC.

AMGEN INC.EIN 95-3540776Plan #001PY 2021

ONE AMGEN CENTER DRIVE, MS 21-2-A - THOUSAND OAKS, CA 913200000805-447-1000amgen.comLinkedIn10001+ employeesbiotechnology

Prospect flagsLow returnsHigh feesHigh assets / participantFailed to transmit contributions

Top hat statement on fileNQDC

Filed March 20, 2002 (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.

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Total assets (EOY)

$7188.2M

-6.8% from 2016

Total participants

18,851

-1.1% from 2016

Average account balance

$382,394

-5.8% from 2016

Annual return

10.23%

-8.73 pp from 2016

Benchmarks

See 49 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort49 peers

Snapshot2021

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Analytics

Total assets (EOY)

Plan-year ending balance

$7.72B

Not enough data

1 years with asset history on file

Average account balance

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

$342K

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.

22,574

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$505.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$34K

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

+12.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$432

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 10 of 15 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH7+ years Service code 15 · EIN 13-5674085	Recordkeeping	$4,236,427
VULCAN VALUE PARTNERS7+ years Service code 28 · EIN 39-2051712	Investment Management	$1,377,338
ARROWMARK PARTNERS2 years Service code 28 · EIN 39-2068140	Investment Management	$1,251,544
SANDS CAPITAL MANAGEMENT, LLC3 years Service code 28 · EIN 20-2830751	Investment Management	$1,163,860
SNYDER CAPITAL MANAGEMENT2 years Filed as: SNYDER CAPITAL MANAGEMENT L.P. Service code 28 · EIN 04-3370184	Investment Management	$958,439
SUSTAINABLE GROWTH ADVISORS7+ years Filed as: SUSTAINABLE GROWTH ADVISERS, LP Service code 28 · EIN 05-0571266	Investment Management	$940,658
ARISTOTLE CAPITAL MANAGEMENT2 years Service code 28 · EIN 47-1867873	Investment Management	$907,948
PZENA INVESTMENT MANAGEMENT1 year Service code 28 · EIN 13-3860154	Investment Management	$695,530
WELLINGTON TRUST COMPANY2 years Service code 28 · EIN 04-2755549	Investment Management	$407,311
NORTHERN TRUST COMPANY1 year Filed as: NORTHERN TRUST INVESTMENTS INC Service code 28 · EIN 36-3608252	Investment Management	$398,021

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

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Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3H2O

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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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)).

Opportunity flags

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$13.1M

$1142 / participant

Investment mgmt$9M68.5%
Other / not subdivided$4M31.5%

% of EOY assets

0.182%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERNST & YOUNG
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$382,394

$239,209+59.9%

$106,554+258.9%

$106,520+259.0%

Participation rate

99.5%

89.6%+9.9pp

76.1%+23.4pp

71.3%+28.2pp

Annual return

10.23%

17.49%-7.3pp

26.80%-16.6pp

19.28%-9.1pp

Employer contribution / active EE

$16,824

$6,641+153.3%

$2,819+496.8%

$2,840+492.3%

Participant deferral / active EE

$14,911

$9,673+54.2%

$4,398+239.0%

$4,948+201.4%

Admin fee / account holder

$695

$95+631.9%

$7,408-90.6%

$75+833.1%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH7+ years

Service code 15 · EIN 13-5674085

Recordkeeping

$4,236,427

VULCAN VALUE PARTNERS7+ years

Service code 28 · EIN 39-2051712

Investment Management

$1,377,338

ARROWMARK PARTNERS2 years

Service code 28 · EIN 39-2068140

Investment Management

$1,251,544

SANDS CAPITAL MANAGEMENT, LLC3 years

Service code 28 · EIN 20-2830751

Investment Management

$1,163,860

SNYDER CAPITAL MANAGEMENT2 years

Filed as: SNYDER CAPITAL MANAGEMENT L.P.

Service code 28 · EIN 04-3370184

Investment Management

$958,439

SUSTAINABLE GROWTH ADVISORS7+ years

Filed as: SUSTAINABLE GROWTH ADVISERS, LP

Service code 28 · EIN 05-0571266

Investment Management

$940,658

ARISTOTLE CAPITAL MANAGEMENT2 years

Service code 28 · EIN 47-1867873

Investment Management

$907,948

PZENA INVESTMENT MANAGEMENT1 year

Service code 28 · EIN 13-3860154

Investment Management

$695,530

WELLINGTON TRUST COMPANY2 years

Service code 28 · EIN 04-2755549

Investment Management

$407,311

NORTHERN TRUST COMPANY1 year

Filed as: NORTHERN TRUST INVESTMENTS INC

Service code 28 · EIN 36-3608252

Investment Management

$398,021

AMGEN RETIREMENT AND SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMGEN RETIREMENT AND SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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