Retirement plan

THE RETIREMENT AND SAVINGS PLAN FOR AMGEN MANUFACTURING, LIMITED

Name: AMGEN MANUFACTURING, LIMITED - THE RETIREMENT AND SAVINGS PLAN FOR AMGEN MANUFACTURING, LIMITED (2021) 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 2021

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$685.4M

-9.4% from 2016

Total participants

3,197

-4.6% from 2016

Average account balance

$214,793

-5.0% from 2016

Annual return

8.51%

-5.91 pp from 2016

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

$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

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Service providers

Top 10 of 12 by compensation

Provider	Service type	Compensation
ARROWMARK PARTNERS2 years Service code 28 · EIN 39-2068140	Investment Management	$137,027
MERRILL LYNCH PIERCE FENNER & SMITH7+ years Filed as: MERRILL LYNCH FENNER & SMITH Service code 15 · EIN 13-5674085	Recordkeeping	$130,406
VULCAN VALUE PARTNERS7+ years Service code 28 · EIN 39-2051712	Investment Management	$116,826
SANDS CAPITAL MANAGEMENT, LLC3 years Service code 28 · EIN 20-2830751	Investment Management	$101,311
SNYDER CAPITAL MANAGEMENT2 years Filed as: SNYDER CAPITAL MANAGEMENT L. P. Service code 28 · EIN 04-3370184	Investment Management	$87,470
ARISTOTLE CAPITAL MANAGEMENT2 years Service code 28 · EIN 47-1867873	Investment Management	$82,201
SUSTAINABLE GROWTH ADVISORS7+ years Filed as: SUSTAINABLE GROWTH ADVISERS LP Service code 28 · EIN 05-0571266	Investment Management	$81,297
PZENA INVESTMENT MANAGEMENT1 year Service code 28 · EIN 13-3860154	Investment Management	$61,607
WELLINGTON TRUST COMPANY2 years Service code 28 · EIN 04-2755549	Investment Management	$38,513
NORTHERN TRUST COMPANY5 years Filed as: NORTHERN TRUST INVESTMENTS INC Service code 28 · EIN 36-3608252	Investment Management	$33,958

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

$950K

$363 / participant

Investment mgmt$821K86.4%
Other / not subdivided$129K13.6%

% of EOY assets

0.139%

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

$214,793

$114,195+88.1%

$106,554+101.6%

$93,010+130.9%

Participation rate

99.8%

86.4%+13.4pp

76.1%+23.6pp

73.9%+25.9pp

Annual return

8.51%

22.18%-13.7pp

26.80%-18.3pp

158.70%-150.2pp

Employer contribution / active EE

$7,661

$4,009+91.1%

$2,819+171.7%

$2,705+183.2%

Participant deferral / active EE

$7,411

$5,908+25.4%

$4,398+68.5%

$4,561+62.5%

Admin fee / account holder

$298

$105+184.3%

$7,408-96.0%

$152+96.3%

Provider

Service type

Compensation

ARROWMARK PARTNERS2 years

Service code 28 · EIN 39-2068140

Investment Management

$137,027

MERRILL LYNCH PIERCE FENNER & SMITH7+ years

Filed as: MERRILL LYNCH FENNER & SMITH

Service code 15 · EIN 13-5674085

Recordkeeping

$130,406

VULCAN VALUE PARTNERS7+ years

Service code 28 · EIN 39-2051712

Investment Management

$116,826

SANDS CAPITAL MANAGEMENT, LLC3 years

Service code 28 · EIN 20-2830751

Investment Management

$101,311

SNYDER CAPITAL MANAGEMENT2 years

Filed as: SNYDER CAPITAL MANAGEMENT L. P.

Service code 28 · EIN 04-3370184

Investment Management

$87,470

ARISTOTLE CAPITAL MANAGEMENT2 years

Service code 28 · EIN 47-1867873

Investment Management

$82,201

SUSTAINABLE GROWTH ADVISORS7+ years

Filed as: SUSTAINABLE GROWTH ADVISERS LP

Service code 28 · EIN 05-0571266

Investment Management

$81,297

PZENA INVESTMENT MANAGEMENT1 year

Service code 28 · EIN 13-3860154

Investment Management

$61,607

WELLINGTON TRUST COMPANY2 years

Service code 28 · EIN 04-2755549

Investment Management

$38,513

NORTHERN TRUST COMPANY5 years

Filed as: NORTHERN TRUST INVESTMENTS INC

Service code 28 · EIN 36-3608252

Investment Management

$33,958

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