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FORM 5500 DATA

Anheuser-Busch 401k Savings and Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/08/1985
  • Net Assets as of 12/31/2019 $3,259,565,000
  • Plan Number59
  • Plan Type Multiple Employer
  • Is the plan collectively bargained?Yes
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants13,532
  • Retired or separated participants receiving benefits111
  • Other retired or separated participants entitled to future benefits5,245
  • Subtotal18,888
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits45
  • Total18,933
  • Total number of participants as of 01/01/201918,498
  • Number of participants with account balances18,722
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested457

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • AddressOne Busch Place 202-9N
  • CitySt Louis
  • StateMO
  • Zip63118-1852
  • Telephone(314) 577-2000
  • EIN43-1162835
  • Industry Code312120
  • Named AdministratorErik Mosley

Audit Information

  • Audit StatusAudited
  • AuditorClark, Schaefer, Hackett & Co.
  • Auditor EIN31-0800053
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
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.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all 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 A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees 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 if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $1,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? Yes
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? Yes

Financials

Income and Expense Statement

Income $746,638,000
Contributions $167,625,000
Cash Contributions $167,625,000
Cash from Employers $56,807,000
Cash from Participants $100,855,000
Others (including rollovers) $9,963,000
Noncash Contributions $0
Total Earnings on Investments $579,013,000
Total Interest $2,680,000
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $2,680,000
Interest from Other Investments $0
Total Dividends $21,796,000
Preferred Stock $0
Common Stock $3,366,000
Rents $0
Net gain (loss) on sale of assets $10,601,000
Aggregate Proceeds $65,131,000
Aggregate Carrying Amount $54,530,000
Total Unrealized Appreciation (depreciation) of assets $23,801,000
Real Estate $0
Other $23,801,000
Net investment gain (loss) from common/collective trusts $454,914,000
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $65,221,000
Other Income $0
Expenses $319,632,000
Total Benefit Payments $317,922,000
Directly to participants or beneficiaries, including direct rollovers $317,922,000
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $5,000
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $1,705,000
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $1,705,000
Net Income $427,006,000
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $3,259,565,000 $2,811,937,000 15.92%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $1,738,000 $1,595,000 8.97%
Employer Contributions $1,738,000 $1,595,000 8.97%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $54,194,000 $54,599,000 -0.74%
Value of interest in common/collective trusts $2,420,270,000 $1,988,460,000 21.72%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $637,083,000 $635,981,000 0.17%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $146,280,000 $131,302,000 11.41%
Employer Securities $146,280,000 $131,302,000 11.41%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $3,259,565,000 $2,811,937,000 15.92%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • The Vanguard Group, Inc

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
The Vanguard Group, Inc. Recordkeeping and information management (computing, tabulating, data processing, etc.), Consulting (general), Trustee (directed), Investment advisory (participants), Participant loan processing, Investment management fees paid indirectly by plan, Other fees NONE $1,639,965 $0 $1,639,965
Dimeo Schneider & Associates LLC Investment advisory (plan) NONE $86,913 $0 $86,913
Rr Donnelley & Sons Co. Participant communication NONE $39,158 $0 $39,158
Clark, Schaefer, Hackett & Co. Accounting (including auditing) NONE $22,600 $0 $22,600
Broadridge Recordkeeping and information management (computing, tabulating, data processing, etc.) NONE $11,847 $0 $11,847
Rubinbrown, LLP Accounting (including auditing) NONE $6,300 $0 $6,300
Total $1,806,783 $0 $1,806,783

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Vftc Inst 500 Index Trust Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $512,494,429
Vftc Inst Ext Mkt Index Trust Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $336,393,301
Vftc Target Retirement 2025 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $266,356,692
Vftc Target Retirement 2030 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $229,807,135
Vftc Ttl Bond Mkt Index Trust Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $226,866,758
Vftc Target Retirement 2020 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $175,195,389
Vftc Target Retirement 2035 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $147,331,200
Vftc Target Retirement 2040 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $113,174,400
Vftc Target Retirement 2045 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $103,939,664
Trp Blue Chip Growth Trust T2 Class T. Rowe Price Trust Company DFE: Common/Collective Trust $87,715,261
Vftc Target Retirement 2050 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $77,873,627
Vftc Target Retirement 2055 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $65,282,064
Vftc Target Retirement 2015 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $33,026,946
Vftc Target Retirement Inco Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $22,669,735
Vftc Target Retirement 2060 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $19,856,013
Vftc Target Retirement 2065 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $2,286,994
Total $2,420,269,608

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.