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FORM 5500 DATA

MillerCoors L.L.C. Consolidated Retirement and Thrift Savings Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan02/01/1990
  • Net Assets as of 12/31/2019 $451,975,901
  • Plan Number49
  • 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 12/31/2019

  • Active (Eligible) Participants2,352
  • Retired or separated participants receiving benefits98
  • Other retired or separated participants entitled to future benefits784
  • Subtotal3,234
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits25
  • Total3,259
  • Total number of participants as of 01/01/20193,164
  • Number of participants with account balances3,098
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested20

Expenses

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

Sponsor Information

  • Address3939 West Highland Blvd.
  • CityMilwaukee
  • StateWI
  • Zip53208-2816
  • Telephone(414) 931-2000
  • EIN26-2387410
  • Industry Code312120

Plan Administrator Information

  • Administrator NameMillercoors LLC Benefit Plan Compliance and Admin Subcommittee
  • Address3939 West Highland Blvd.
  • CityMilwaukee
  • StateWI
  • Zip53208-2816
  • Telephone(414) 931-2000
  • Administrator EIN36-4642904

Audit Information

  • Audit StatusAudited
  • AuditorSb and Company LLC
  • Auditor EIN20-2153727
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope 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.
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 $20,000,000
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 $99,213,185
Contributions $28,038,533
Cash Contributions $28,038,533
Cash from Employers $11,643,060
Cash from Participants $15,702,670
Others (including rollovers) $692,803
Noncash Contributions $0
Total Earnings on Investments $71,174,652
Total Interest $3,301,953
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $610,642
Interest from Other Investments $2,691,311
Total Dividends $6,001,741
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $32,001,388
Net investment gain (loss) from pooled separate accounts $5,343,196
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 $24,526,374
Other Income $0
Expenses $40,375,325
Total Benefit Payments $40,270,114
Directly to participants or beneficiaries, including direct rollovers $40,270,114
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $60,720
Interest expense $0
Total Administrative Expenses $44,491
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $44,491
Net Income $58,837,860
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 $451,975,901 $393,138,041 14.97%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
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 $13,981,523 $14,027,747 -0.33%
Value of interest in common/collective trusts $191,681,594 $152,066,296 26.05%
Value of interest in pooled separate accounts $20,481,847 $16,340,910 25.34%
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 $130,808,410 $111,843,848 16.96%
Value of funds held in insurance co. general account $95,022,527 $98,859,240 -3.88%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
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 $451,975,901 $393,138,041 14.97%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Invest Instit Oper Co 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
Fidelity Invest Instit Oper Co Inc. Participant loan processing, Recordkeeping fees, Account maintenance fees Recordkeeper $44,491 $0 $44,491
Total $44,491 $0 $44,491

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Invest Instit Oper Co Inc. Dodge & Cox Stock Sub-transfer agency fees Annualized Formula - 0.10% $0
Fidelity Invest Instit Oper Co Inc. Pru Stable Value Sub-transfer agency fees Annualized Formula - 0.05% $0
Fidelity Invest Instit Oper Co Inc. Virtus Emrg Mkt Op I - Virtu Sub-transfer agency fees Annualized Formula - 0.25% $0
Fidelity Invest Instit Oper Co Inc. Dodge & Cox Stock Intl Stk Sub-transfer agency fees Annualized Formula - 0.10% $0
Fidelity Invest Instit Oper Co Inc. Jh Dscpl Val Mdcp I - John H Sub-transfer agency fees Annualized Formula - 0.10% $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

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
Vanguard Target 2025 Vanguard Target Inc DFE: Common/Collective Trust $36,282,625
Vanguard Target 2035 Vanguard Target Inc DFE: Common/Collective Trust $29,187,258
Vanguard Target 2030 Vanguard Target Inc DFE: Common/Collective Trust $28,761,716
Vanguard Target 2020 Vanguard Target Inc DFE: Common/Collective Trust $26,744,028
Vanguard Target 2040 Vanguard Target Inc DFE: Common/Collective Trust $19,003,603
Vanguard Target 2045 Vanguard Target Inc DFE: Common/Collective Trust $17,687,692
Vanguard Target 2050 Vanguard Target Inc DFE: Common/Collective Trust $11,767,276
Vanguard Target Inc Vanguard Target Inc DFE: Common/Collective Trust $9,653,657
Vanguard Target 2015 Vanguard Target Inc DFE: Common/Collective Trust $6,891,704
Vanguard Target 2055 Vanguard Target Inc DFE: Common/Collective Trust $3,765,644
Loomis Sayles Core Bond Loomis Sayles Collective Investment Trusts DFE: Common/Collective Trust $1,308,624
Vanguard Target 2060 Vanguard Target Inc DFE: Common/Collective Trust $510,098
Vanguard Target 2065 Vanguard Target Inc DFE: Common/Collective Trust $117,669
Total $191,681,594

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
State Street Bank & Trust Company 0
EIN 04-1867445
Industry Code 0000
Contract Number 107030
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $4,721,715
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 GROUP WRAP CONTRACT
Balance at the end of the previous year $4,673,666
Additions $313,077
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $131,170
Transferred from separate account $0
Other $181,907
Total of Balance and Additions $4,986,743
Deductions $265,028
Disbursed from fund to pay benefits or purchase annuities during the year $265,028
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $4,721,715
Transamerica Premier Life Insurance Company 0
EIN 52-0419790
Industry Code 66281
Contract Number MDA00788TR
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $5,935,427
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 GROUP WRAP CONTRACT
Balance at the end of the previous year $5,878,660
Additions $389,921
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $164,887
Transferred from separate account $0
Other $225,034
Total of Balance and Additions $6,268,581
Deductions $333,154
Disbursed from fund to pay benefits or purchase annuities during the year $333,154
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $5,935,427
Jpmorgan Chase Bank, N.A 0
EIN 13-2624428
Industry Code 0000
Contract Number AMILLER-2-07
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $8,105,702
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 GROUP WRAP CONTRACT
Balance at the end of the previous year $8,542,817
Additions $565,027
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $227,979
Transferred from separate account $0
Other $337,048
Total of Balance and Additions $9,107,844
Deductions $1,002,142
Disbursed from fund to pay benefits or purchase annuities during the year $1,002,142
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $8,105,702
The Prudential Insurance Company of America 0
EIN 22-1211670
Industry Code 68241
Contract Number 063049
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $7,114,091
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 GROUP WRAP CONTRACT
Balance at the end of the previous year $8,543,066
Additions $575,088
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $229,443
Transferred from separate account $0
Other $345,645
Total of Balance and Additions $9,118,154
Deductions $2,004,063
Disbursed from fund to pay benefits or purchase annuities during the year $2,004,063
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $7,114,091
American General Life Insurance Company 0
EIN 25-0598210
Industry Code 60488
Contract Number 1627804
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $4,794,011
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 OTHER
Balance at the end of the previous year $5,019,910
Additions $332,447
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $134,659
Transferred from separate account $0
Other $197,788
Total of Balance and Additions $5,352,357
Deductions $558,346
Disbursed from fund to pay benefits or purchase annuities during the year $558,346
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $4,794,011
Nationwide Life Insurance Company 0
EIN 31-4156830
Industry Code 00000
Contract Number FID_MIL_IP_1117
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $4,437,052
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 $4,459,556
Additions $297,793
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $123,627
Transferred from separate account $0
Other $174,166
Total of Balance and Additions $4,757,349
Deductions $320,297
Disbursed from fund to pay benefits or purchase annuities during the year $320,297
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $4,437,052
Lincoln National Life Insurance Company Act 0
EIN 35-0472300
Industry Code
Contract Number BVW9943F
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $1,663,700
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 $1,646,770
Additions $110,313
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $46,217
Transferred from separate account $0
Other $64,096
Total of Balance and Additions $1,757,083
Deductions $93,383
Disbursed from fund to pay benefits or purchase annuities during the year $93,383
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $1,663,700
Metropolitan Life Insurance Company 0
EIN
Industry Code
Contract Number 38104
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $1,266,638
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 $0
Additions $1,302,510
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $4,710
Transferred from separate account $0
Other $1,297,800
Total of Balance and Additions $1,302,510
Deductions $35,872
Disbursed from fund to pay benefits or purchase annuities during the year $24,906
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $10,966
Balance at the end of the current year $1,266,638
Pacific Life Insurance Company 0
EIN
Industry Code
Contract Number G-027835.20
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $1,120,971
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 $0
Additions $1,173,157
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $25,157
Transferred from separate account $0
Other $1,148,000
Total of Balance and Additions $1,173,157
Deductions $52,186
Disbursed from fund to pay benefits or purchase annuities during the year $42,481
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $9,705
Balance at the end of the current year $1,120,971