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SCHERING-PLOUGH PUERTO RICO EMPLOYEES' RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NameSCHERING-PLOUGH PUERTO RICO EMPLOYEES' RETIREMENT SAVINGS PLAN
Plan identification number 002

SCHERING-PLOUGH PUERTO RICO EMPLOYEES' RETIREMENT SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan not intended to be qualified - A plan not intended to be qualified under Code sections 401, 403, or 408.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SCHERING-PLOUGH PRODUCTS, LLC has sponsored the creation of one or more 401k plans.

Company Name:SCHERING-PLOUGH PRODUCTS, LLC
Employer identification number (EIN):222626254
NAIC Classification:325410

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SCHERING-PLOUGH PUERTO RICO EMPLOYEES' RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022010-01-01MARK MCDONOUGH MARK MCDONOUGH2011-10-19
0022009-01-01MARK MCDONOUGH MARK MCDONOUGH2010-10-14

Financial Data on SCHERING-PLOUGH PUERTO RICO EMPLOYEES' RETIREMENT SAVINGS PLAN

Measure Date Value
2010 : SCHERING-PLOUGH PUERTO RICO EMPLOYEES' RETIREMENT SAVINGS PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$5,449,065
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$2,461,358
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$2,461,358
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$2,772,627
Value of total assets at end of year2010-12-31$34,073,775
Value of total assets at beginning of year2010-12-31$31,086,068
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$0
Total interest from all sources2010-12-31$74,496
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$691,200
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$482,190
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$55,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$1,614,508
Participant contributions at end of year2010-12-31$1,464,566
Participant contributions at beginning of year2010-12-31$1,546,770
Participant contributions at end of year2010-12-31$39,344
Participant contributions at beginning of year2010-12-31$55,210
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$53,841
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$52,781
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$2,987,707
Value of net assets at end of year (total assets less liabilities)2010-12-31$34,073,775
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$31,086,068
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$27,334,729
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$24,574,109
Interest on participant loans2010-12-31$74,496
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$1,910,742
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
Was there a failure to transmit to the plan any participant contributions2010-12-31Yes
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$5,147,336
Assets. Invements in employer securities at beginning of year2010-12-31$4,815,431
Contributions received in cash from employer2010-12-31$1,158,119
Employer contributions (assets) at end of year2010-12-31$33,959
Employer contributions (assets) at beginning of year2010-12-31$41,767
Income. Dividends from common stock2010-12-31$209,010
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$2,461,358
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31PRICEWATERHOUSECOOPERS LLP
Accountancy firm EIN2010-12-31134008324

Form 5500 Responses for SCHERING-PLOUGH PUERTO RICO EMPLOYEES' RETIREMENT SAVINGS PLAN

2010: SCHERING-PLOUGH PUERTO RICO EMPLOYEES' RETIREMENT SAVINGS PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: SCHERING-PLOUGH PUERTO RICO EMPLOYEES' RETIREMENT SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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