Retirement plan

THE RETIREMENT AND SAVINGS PLAN FOR AMGEN MANUFACTURING, LIMITED

Name: AMGEN MANUFACTURING, LIMITED - THE RETIREMENT AND SAVINGS PLAN FOR AMGEN MANUFACTURING, LIMITED (2020) Form 5500
Creator: AMGEN MANUFACTURING, LIMITED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE RETIREMENT AND SAVINGS PLAN FOR AMGEN MANUFACTURING, LIMITED, AMGEN MANUFACTURING, LIMITED

AMGEN MANUFACTURING, LIMITEDEIN 98-0210484Plan #001PY 2020

PO BOX 4060, ROAD 31, KM 24.6 - JUNCOS, PR 007774060787-734-2000

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$611.3M

-9.4% from 2016

Total participants

2,980

-4.6% from 2016

Average account balance

$206,592

-5.0% from 2016

Annual return

12.56%

-5.91 pp from 2016

Benchmarks

See 388 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort388 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$779.53M

Not enough data

1 years with asset history on file

Average account balance

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

$244K

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.

3,190

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.

99.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$40.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+7.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$198

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 10 of 16 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH6+ years Filed as: MERRILL LYNCH FENNER & SMITH Service code 15 · EIN 13-5674085	Recordkeeping	$113,432
SANDS CAPITAL MANAGEMENT, LLC2 years Service code 28 · EIN 20-2830751	Investment Management	$95,797
SUSTAINABLE GROWTH ADVISORS6+ years Filed as: SUSTAINABLE GROWTH ADVISERS LP Service code 28 · EIN 05-0571266	Investment Management	$92,824
SNYDER CAPITAL MANAGEMENT1 year Filed as: SNYDER CAPITAL MANAGEMENT L. P. Service code 28 · EIN 04-3370184	Investment Management	$66,151
VULCAN VALUE PARTNERS6+ years Service code 28 · EIN 39-2051712	Investment Management	$41,968
HOTCHKIS & WILEY CAPITAL MANAGEMENT6+ years Filed as: HOTCHKIS AND WILEY CAPITAL MGMT LLC Service code 28 · EIN 95-4871957	Investment Management	$40,538
WELLS FARGO BANK, N.A.6+ years Filed as: GALLIARD CAPITAL MGMT, INC. Service code 28 · EIN 41-1813702	Investment Management	$37,518
NORTHERN TRUST COMPANY6+ years Service code 25 · EIN 36-1561860	Directed Trustee	$33,830
DODGE & COX6+ years Filed as: DODGE & COX INC Service code 28 · EIN 13-6033041	Investment Management	$33,806
MORGAN STANLEY SMITH BARNEY6+ years Filed as: JP MORGAN INVESTMENT MGMT INC. Service code 27 · EIN 13-3200244	Advisory (Plan)	$31,922

Plan features & details

Pension benefit codes2E2F2G2R3C2S2T3H

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$726K

$293 / participant

Investment mgmt$616K84.8%
Other / not subdivided$110K15.2%

% of EOY assets

0.119%

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: 034656596
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$206,592

$105,190+96.4%

$98,920+108.8%

$90,274+128.9%

Participation rate

99.2%

86.4%+12.8pp

76.0%+23.1pp

73.4%+25.8pp

Annual return

12.56%

18.52%-6.0pp

196.47%-183.9pp

53.97%-41.4pp

Employer contribution / active EE

$7,515

$3,831+96.2%

$2,689+179.4%

$2,523+197.8%

Participant deferral / active EE

$7,231

$5,616+28.8%

$4,245+70.3%

$4,231+70.9%

Admin fee / account holder

$245

$97+152.2%

$6,643-96.3%

$114+115.2%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH6+ years

Filed as: MERRILL LYNCH FENNER & SMITH

Service code 15 · EIN 13-5674085

Recordkeeping

$113,432

SANDS CAPITAL MANAGEMENT, LLC2 years

Service code 28 · EIN 20-2830751

Investment Management

$95,797

SUSTAINABLE GROWTH ADVISORS6+ years

Filed as: SUSTAINABLE GROWTH ADVISERS LP

Service code 28 · EIN 05-0571266

Investment Management

$92,824

SNYDER CAPITAL MANAGEMENT1 year

Filed as: SNYDER CAPITAL MANAGEMENT L. P.

Service code 28 · EIN 04-3370184

Investment Management

$66,151

VULCAN VALUE PARTNERS6+ years

Service code 28 · EIN 39-2051712

Investment Management

$41,968

HOTCHKIS & WILEY CAPITAL MANAGEMENT6+ years

Filed as: HOTCHKIS AND WILEY CAPITAL MGMT LLC

Service code 28 · EIN 95-4871957

Investment Management

$40,538

WELLS FARGO BANK, N.A.6+ years

Filed as: GALLIARD CAPITAL MGMT, INC.

Service code 28 · EIN 41-1813702

Investment Management

$37,518

NORTHERN TRUST COMPANY6+ years

Service code 25 · EIN 36-1561860

Directed Trustee

$33,830

DODGE & COX6+ years

Filed as: DODGE & COX INC

Service code 28 · EIN 13-6033041

Investment Management

$33,806

MORGAN STANLEY SMITH BARNEY6+ years

Filed as: JP MORGAN INVESTMENT MGMT INC.

Service code 27 · EIN 13-3200244

Advisory (Plan)

$31,922

THE RETIREMENT AND SAVINGS PLAN FOR AMGEN MANUFACTURING, LIMITED

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE RETIREMENT AND SAVINGS PLAN FOR AMGEN MANUFACTURING, LIMITED

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