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FORM 5500 DATA

McKesson Corporation Profit-Sharing Investment Plan

Overview

Plan Information

  • Plan Year04/01/2014 — 03/31/2015
  • Date of Plan10/01/1972
  • Net Assets as of 03/31/2015 $4,203,657,000
  • Plan Number2
  • Plan Type Single Employer
  • Is the plan collectively bargained?Yes
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 03/31/2015

  • Active (Eligible) Participants31,734
  • Retired or separated participants receiving benefits266
  • Other retired or separated participants entitled to future benefits8,728
  • Subtotal40,728
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits148
  • Total40,876
  • Total number of participants as of 04/01/201442,910
  • Number of participants with account balances33,821
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested85

Expenses

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

Sponsor Information

  • AddressOne Post Street, 30th Floor
  • CitySan Francisco
  • StateCA
  • Zip94104
  • Telephone(415) 983-8300
  • EIN94-3207296
  • Industry Code424210
  • Named AdministratorJerry Warren

Audit Information

  • Audit StatusAudited
  • AuditorDeloitte & Touche LLP
  • Auditor EIN13-3891517
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2A Age/Service Weighted or New Comparability or Similar Plan Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New Comparability or Similar Plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate allowed under the permitted disparity rules of section 401(l)
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.
2H Partial participant-directed account plan Participants have the opportunity to direct the investment of a portion 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 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.
2P Leveraged ESOP An Employee Stock Ownership Plan (ESOP) that acquires employer securities with borrowed money or other debt-financing techniques.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
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 $100,000,000
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? No
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? No

Financials

Income and Expense Statement

Income $755,812,000
Contributions $266,892,000
Cash Contributions $266,892,000
Cash from Employers $81,420,000
Cash from Participants $185,472,000
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $423,144,000
Total Interest $15,565,000
Interest-Bearing Cash $5,000
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,974,896
Interest from Other Investments $13,585,104
Total Dividends $11,455,000
Preferred Stock $0
Common Stock $4,951,000
Rents $0
Net gain (loss) on sale of assets $15,817,000
Aggregate Proceeds $134,397,000
Aggregate Carrying Amount $118,580,000
Total Unrealized Appreciation (depreciation) of assets $241,090,000
Real Estate $241,090,000
Other $0
Net investment gain (loss) from common/collective trusts $129,360,000
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 $9,857,000
Other Income $65,776,000
Expenses $347,825,000
Total Benefit Payments $346,763,000
Directly to participants or beneficiaries, including direct rollovers $346,763,000
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $22,000
Certain deemed distributions of participant loans $-5,000
Interest expense $0
Total Administrative Expenses $1,045,000
Professional Fees $173,000
Contract Administrator Fees $825,000
Investment Advisory and management fees $47,000
Other Administrative Fees $0
Net Income $407,987,000
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

03/31/2015 03/31/2014 Change YOY
Total Assets $4,204,062,000 $3,595,412,000 16.93%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $5,807,000 $4,050,000 43.38%
Employer Contributions $5,806,000 $3,956,000 46.76%
Participant Contributions $0 $0 0.0%
Other Contributions $1,000 $94,000 -98.94%
General Investments $7,285,000 $6,158,000 18.30%
Interest-bearing cash $7,285,000 $6,158,000 18.30%
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 $47,984,000 $44,759,000 7.21%
Value of interest in common/collective trusts $1,808,939,000 $1,370,090,000 32.03%
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 $0 $107,582,000 -100.00%
Value of funds held in insurance co. general account $4,037,000 $4,034,000 0.07%
Other Investments $1,203,300,000 $1,104,130,000 8.98%
Employer-related Investments $1,126,710,000 $954,609,000 18.03%
Employer Securities $1,126,710,000 $954,609,000 18.03%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $405,000 $488,000 -17.01%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $405,000 $488,000 -17.01%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $4,203,657,000 $3,594,924,000 16.93%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Brown Advisory
  • Cadence Capital Management
  • Dodge & Cox
  • Eaton Vance Trust Company
  • Fidelity Investments Institutional
  • Fisher Investments
  • Jp Morgan
  • Standish Mellon Asset Management Co
  • State Street Global Advisors
  • Weatherbie Capital, LLC

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
Fidelity Investments Institutional Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees Recordkeeper $825,000 $0 $825,000
Deloitte & Touche LLP Accounting (including auditing) Accountant/Auditor $173,000 $0 $173,000
Callan Associates Consulting (general), Consulting fees Consultant $47,000 $0 $47,000
Total $1,045,000 $0 $1,045,000

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
S&P 500 Flagship Nonlending SE State Street Bank and Trust Company DFE: Common/Collective Trust $471,335,528
Target Retirement 2025 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $190,098,880
Target Retirement 2030 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $185,456,362
Target Retirement 2020 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $174,386,078
Target Retirement 2035 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $156,872,187
Passive Bond Market Index Sl S State Street Bank and Trust Company DFE: Common/Collective Trust $136,683,842
Fidelity Diversified Intl Com. Fidelity Management Trust Co. DFE: Common/Collective Trust $116,698,741
Target Retirement 2040 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $111,565,109
Target Retirement 2015 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $79,371,966
Target Retirement 2045 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $61,583,491
Target Retirement 2050 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $32,479,813
Eaton Vance Trust Co Equity Fund Eaton Vance Trust Company DFE: Common/Collective Trust $29,174,685
Target Retirement Income Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $26,397,406
Target Retirement 2010 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $22,836,612
Target Retirement 2055 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $10,156,823
Target Retirement 2060 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $3,841,477
Total $1,808,939,000

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Metlife 8,424
EIN 13-5581829
Industry Code 65978
Contract Number 32872
Contract Year 04/01/2014 — 03/31/2015
Value in General Account at Year End $4,037,000
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Unspecified
Balance at the end of the previous year $4,034,000
Additions $46,081
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $43,230
Transferred from separate account $0
Other $2,851
Total of Balance and Additions $4,080,081
Deductions $43,081
Disbursed from fund to pay benefits or purchase annuities during the year $43,081
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $4,037,000