Retirement plan

BAUSCH HEALTH COMPANIES INC. RETIREMENT SAVINGS PLAN

Name: BAUSCH HEALTH COMPANIES INC. - BAUSCH HEALTH COMPANIES INC. RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: BAUSCH HEALTH COMPANIES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAUSCH HEALTH COMPANIES INC. RETIREMENT SAVINGS PLAN, BAUSCH HEALTH COMPANIES INC.

BAUSCH HEALTH COMPANIES INC.EIN 98-0448205Plan #001PY 2020

400 SOMERSET CORP. BLVD. - BRIDGEWATER, NJ 08807908-927-1400

Other plans on this EIN

2 filings

#020Retirement-$230.8M assets #012Retirement-$4.7M assets

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$1306.3M

+75.9% from 2021

Total participants

9,166

-3.4% from 2021

Average account balance

$145,731

-6.6% from 2021

Annual return

18.01%

+58.28 pp from 2021

Benchmarks

See 53 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort53 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$690.98M

Not enough data

1 years with asset history on file

Average account balance

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

$163K

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.

4,232

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.

89.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$32.79M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+16.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$125

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 5 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.1+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$398,160
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Service code 37 · EIN 04-2647786	Loan Processing	$338,828
PORTFOLIO EVALUATIONS, INC.1+ years Service code 27 · EIN 22-3188064	Advisory (Plan)	$37,500
MERCER1+ years Service code 27 · EIN 30-0282430	Advisory (Plan)	$35,885
INSERO & CO. CPAS, LLP1+ years Service code 10 · EIN 47-5324570	Accounting	$24,150

Plan features & details

Pension benefit codes2G2J2K2T3D3H2F

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.
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

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

$858K

$140 / participant

Investment mgmt$398K46.4%
Other / not subdivided$460K53.6%

% of EOY assets

0.066%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: INSERO & CO. CPAS, LLP
Auditor EIN: 475324570
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$145,731

$146,341-0.4%

$98,920+47.3%

$93,223+56.3%

Participation rate

96.7%

89.3%+7.4pp

76.0%+20.7pp

74.9%+21.8pp

Annual return

18.01%

16.85%+1.2pp

196.47%-178.5pp

19.29%-1.3pp

Employer contribution / active EE

$4,383

$4,823-9.1%

$2,689+63.0%

$2,680+63.6%

Participant deferral / active EE

$8,566

$7,126+20.2%

$4,245+101.8%

$4,563+87.7%

Admin fee / account holder

$96

$63+52.5%

$6,643-98.6%

$79+20.8%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.1+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$398,160

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Service code 37 · EIN 04-2647786

Loan Processing

$338,828

PORTFOLIO EVALUATIONS, INC.1+ years

Service code 27 · EIN 22-3188064

Advisory (Plan)

$37,500

MERCER1+ years

Service code 27 · EIN 30-0282430

Advisory (Plan)

$35,885

INSERO & CO. CPAS, LLP1+ years

Service code 10 · EIN 47-5324570

Accounting

$24,150

BAUSCH HEALTH COMPANIES INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAUSCH HEALTH COMPANIES INC. RETIREMENT SAVINGS 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