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Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan04/01/1985
  • Net Assets as of 12/31/2019 $5,916,179,678
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • 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 12/31/2019

  • Active (Eligible) Participants11,728
  • Retired or separated participants receiving benefits372
  • Other retired or separated participants entitled to future benefits6,236
  • Subtotal18,336
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits42
  • Total18,378
  • Total number of participants as of 01/01/201917,328
  • Number of participants with account balances18,349
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • AddressOne Amgen Center Drive, Ms 21-2-A
  • CityThousand Oaks
  • StateCA
  • Zip91320-0000
  • Telephone(805) 447-1000
  • EIN95-3540776
  • Industry Code325410
  • Named AdministratorVince Brigandi

Audit Information

  • Audit StatusAudited
  • AuditorErnst & Young
  • Auditor EIN34-6565596
  • 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.
2O ESOP other than a leveraged ESOP An Employee Stock Ownership Plan (ESOP) is a type of employee benefit plan designed to invest primarily in employer stock.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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. Yes $775
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 $2,000,000
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 $1,503,358,005
Contributions $366,877,217
Cash Contributions $366,877,217
Cash from Employers $179,147,842
Cash from Participants $153,491,729
Others (including rollovers) $34,237,646
Noncash Contributions $0
Total Earnings on Investments $1,048,259,172
Total Interest $9,043,972
Interest-Bearing Cash $405,941
U.S. Government Securities $3,428,941
Corporate Debt Instruments $3,223,913
Loans (other than to participants) $0
Participant Loans $1,904,266
Interest from Other Investments $80,911
Total Dividends $33,610,955
Preferred Stock $0
Common Stock $21,090,348
Rents $0
Net gain (loss) on sale of assets $117,857,312
Aggregate Proceeds $1,662,351,845
Aggregate Carrying Amount $1,544,494,533
Total Unrealized Appreciation (depreciation) of assets $254,108,899
Real Estate $0
Other $254,108,899
Net investment gain (loss) from common/collective trusts $568,661,796
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 $64,976,238
Other Income $88,221,616
Expenses $406,140,866
Total Benefit Payments $395,484,457
Directly to participants or beneficiaries, including direct rollovers $395,484,457
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $-61,217
Interest expense $0
Total Administrative Expenses $10,717,626
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $7,925,658
Other Administrative Fees $2,791,968
Net Income $1,097,217,139
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 $5,929,843,858 $4,838,587,101 22.55%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $6,958,954 $12,500,546 -44.33%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $6,958,954 $12,500,546 -44.33%
General Investments $22,222,723 $164,656,469 -86.50%
Interest-bearing cash $22,222,565 $879,088 2427.91%
U.S. Government Securities $158 $159,905,517 -100.00%
Corporate Debt Instruments $27,748 $117,573,416 -99.98%
Preferred $0 $3,871,864 -100.00%
All Other $27,748 $113,701,552 -99.98%
Corporate Stocks $1,112,114,319 $944,718,082 17.72%
Preferred $0 $0 0.0%
Common $1,112,114,319 $944,718,082 17.72%
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 $35,491,847 $36,568,115 -2.94%
Value of interest in common/collective trusts $3,513,949,118 $2,488,838,177 41.19%
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 $316,496,761 $308,833,562 2.48%
Value of funds held in insurance co. general account $92,411,938 $84,431,938 9.45%
Other Investments $452,436,073 $366,428,867 23.47%
Employer-related Investments $377,734,377 $317,909,793 18.82%
Employer Securities $377,734,377 $317,909,793 18.82%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $13,664,180 $19,624,562 -30.37%
Benefit Claims Payable (1) $3,099,317 $878,929 252.62%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $10,564,863 $18,745,633 -43.64%
Net Assets $5,916,179,678 $4,818,962,539 22.77%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Vanguard Fiduciary Trust Company
  • Galliard Capital
  • Wells Fargo
  • Artisan Partners Ltd. Partnership
  • Sei Trust Company
  • Altrinsic Global Advisors, 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
Merrill Lynch Pierce Fenner & Smith Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Participant loan processing, Participant communication, Direct payment from the plan, Investment management fees paid directly by plan, Recordkeeping fees NONE $3,087,312 $0 $3,087,312
Columbus Circle Investors Investment management, Investment management fees paid directly by plan, Soft dollars commissions NONE $1,007,241 $0 $1,007,241
Sands Capital Management, LLC Investment management, Investment management fees paid directly by plan NONE $884,688 $0 $884,688
Jp Morgan Investment Mgmt Inc Investment advisory (plan), Investment management, Direct payment from the plan, Investment management fees paid directly by plan NONE $713,352 $0 $713,352
Nwq Investment Mgmt Co. LLC Investment management, Investment management fees paid directly by plan, Soft dollars commissions NONE $713,184 $0 $713,184
Boston Partners Global Investors Investment management, Investment management fees paid directly by plan, Securities brokerage commissions and fees NONE $696,063 $0 $696,063
Sustainable Growth Advisers, Lp Investment management, Investment management fees paid directly by plan, Soft dollars commissions NONE $627,811 $0 $627,811
Hotchkis and Wiley Capital Mgmt Investment management, Investment management fees paid directly by plan NONE $564,460 $0 $564,460
Wasatch Advisors Investment management, Investment management fees paid directly by plan NONE $541,326 $0 $541,326
Vulcan Value Partners Investment management, Investment management fees paid directly by plan NONE $494,456 $0 $494,456
Northern Trust Company Trustee (directed), Investment management, Direct payment from the plan, Investment management fees paid indirectly by plan, Float revenue NONE $489,036 $0 $489,036
Metropolitan West Asset Mgmt LLC Investment management, Investment management fees paid directly by plan NONE $354,948 $0 $354,948
Dodge & Cox Inc. Investment management, Investment management fees paid directly by plan NONE $326,086 $0 $326,086
Vulcan Value Partners, LLC Investment management, Investment management fees paid directly by plan NONE $164,354 $0 $164,354
Blackrock Investment management, Investment management fees paid directly by plan NONE $108,564 $0 $108,564
Total $10,772,881 $0 $10,772,881

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
Coltv S&P 500 Eqty Index Fund Nl Northern Trust Company DFE: Common/Collective Trust $1,206,637,271
Extended Equity Mkt Index Fd Non-Le The Northern Trust Company DFE: Common/Collective Trust $446,716,849
Coltv Msci Acwi Ex-Us Index Nl Fund Northern Trust Company DFE: Common/Collective Trust $302,424,184
Coltv Agg Bond Index Fd-Non-Lend Northern Trust Company DFE: Common/Collective Trust $192,249,738
Wells Fargo Fixed Income Fund L Wells Fargo Bank DFE: Common/Collective Trust $166,411,813
Coltv Tips Index Fund-Non Lending Northern Trust Company DFE: Common/Collective Trust $130,177,192
Metlife Core Plus Collective Trust Metlife Investment Management DFE: Common/Collective Trust $122,696,241
Wellington Core Bond Plus Cit II Wellington DFE: Common/Collective Trust $122,510,964
Wells Fargo Fixed Income Fund F Wells Fargo Bank DFE: Common/Collective Trust $109,935,150
Artisan International Fund Artisan Partners DFE: Common/Collective Trust $97,414,313
Gqg Partners International Equity C Reliance Trust Company DFE: Common/Collective Trust $96,542,058
Altrinsic International Equity Fund Altrinsic Global Advisors DFE: Common/Collective Trust $72,415,376
High Yield Bond Fund Mackay-Shields Financial Corp DFE: Common/Collective Trust $71,872,713
Emerging Markets Equity Focus Fund Jp Morgan DFE: Common/Collective Trust $61,315,196
Ftse Rafi Emerging Index Nl Fund F Blackrock Institutional Trust Co. DFE: Common/Collective Trust $58,482,439
Coltv Short Term Investment Fund Northern Trust Company DFE: Common/Collective Trust $54,893,551
Schroder Global Strategic Bond Trst Schroder Investment Management DFE: Common/Collective Trust $34,821,192
Putnam Absolute Return Fixed Income Putnam Fiduciary Trust Co LLC DFE: Common/Collective Trust $34,821,033
Daily Russell 1000 Growth Eqty Indx The Northern Trust Company DFE: Common/Collective Trust $34,057,356
Daily Eafe Index Fd Non-Lending Northern Trust Company DFE: Common/Collective Trust $26,575,684
Daily Russell 2000 Value Index Fund The Northern Trust Company DFE: Common/Collective Trust $19,541,210
Wells Fargo Blackrock Stif Fund S Wells Fargo Bank DFE: Common/Collective Trust $19,050,751
Coll Global Real Estate Index The Northern Trust Company DFE: Common/Collective Trust $11,163,004
Daily Russell 1000 Value Eqty Index The Northern Trust Company DFE: Common/Collective Trust $9,146,672
Coltv Msci Emrgng Mkts Fd Non Lend Northern Trust Company DFE: Common/Collective Trust $6,859,287
Daily Russell 2000 Growth Eqty Indx The Northern Trust Company DFE: Common/Collective Trust $5,217,881
Total $3,513,949,118

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Metropolitan Life Insurance Company 0
EIN 13-5581829
Industry Code 65978
Contract Number GAC 32741
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
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 Guaranteed Investment
Balance at the end of the previous year $85,540,718
Additions $11,903,832
Contributions Deposited during the year $3,011,000
Dividends and credits $0
Interest credited during the year $2,292,832
Transferred from separate account $6,600,000
Other $0
Total of Balance and Additions $97,444,550
Deductions $6,600,000
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $6,600,000
Other $0
Balance at the end of the current year $90,844,550
The Prudential Insurance Company of America 0
EIN 22-1211670
Industry Code 68241
Contract Number 063654
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
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 Guaranteed Investment
Balance at the end of the previous year $79,872,403
Additions $10,381,571
Contributions Deposited during the year $7,989,000
Dividends and credits $0
Interest credited during the year $2,392,571
Transferred from separate account $0
Other $0
Total of Balance and Additions $90,253,974
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $90,253,974
Transamerica Premier Life Insurance Company 0
EIN 52-0419790
Industry Code 66281
Contract Number MDA00915TR
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
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 Guaranteed Investment
Balance at the end of the previous year $82,738,830
Additions $7,496,074
Contributions Deposited during the year $4,992,000
Dividends and credits $0
Interest credited during the year $2,504,074
Transferred from separate account $0
Other $0
Total of Balance and Additions $90,234,904
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $90,234,904
American General Life Insurance Company 0
EIN 25-0598210
Industry Code 60488
Contract Number 1648874
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
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 Guaranteed Investment
Balance at the end of the previous year $85,963,402
Additions $5,014,532
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $2,506,532
Transferred from separate account $0
Other $2,508,000
Total of Balance and Additions $90,977,934
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $90,977,934