BAUSCH HEALTH COMPANIES INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan THE BAUSCH & LOMB RETIREMENT BENEFITS PLAN
Measure | Date | Value |
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2020: THE BAUSCH & LOMB RETIREMENT BENEFITS PLAN 2020 401k membership |
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Market value of plan assets | 2020-12-31 | 217,023,128 |
Acturial value of plan assets | 2020-12-31 | 203,614,335 |
Funding target for retired participants and beneficiaries receiving payment | 2020-12-31 | 101,895,078 |
Number of terminated vested participants | 2020-12-31 | 1,563 |
Fundng target for terminated vested participants | 2020-12-31 | 61,926,871 |
Active participant vested funding target | 2020-12-31 | 31,092,433 |
Number of active participants | 2020-12-31 | 859 |
Total funding liabilities for active participants | 2020-12-31 | 31,505,797 |
Total participant count | 2020-12-31 | 4,728 |
Total funding target for all participants | 2020-12-31 | 195,327,746 |
Balance at beginning of prior year after applicable adjustments | 2020-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2020-12-31 | 0 |
Amount remaining of carryover balance | 2020-12-31 | 0 |
Amount remaining of prefunding balance | 2020-12-31 | 0 |
Present value of excess contributions | 2020-12-31 | 211,545 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-12-31 | 222,842 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-12-31 | 222,842 |
Reductions in prefunding balances due to elections or deemed elections | 2020-12-31 | 0 |
Balance of carryovers at beginning of current year | 2020-12-31 | 0 |
Balance of prefunding at beginning of current year | 2020-12-31 | 222,842 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2020-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2020-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-12-31 | 0 |
Liquidity shortfalls end of Q1 | 2020-12-31 | 0 |
Liquidity shortfalls end of Q2 | 2020-12-31 | 0 |
Liquidity shortfalls end of Q3 | 2020-12-31 | 0 |
Liquidity shortfalls end of Q4 | 2020-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2020-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2020-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2020-12-31 | 900,000 |
Net shortfall amortization installment of oustanding balance | 2020-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2020-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2020-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2020-12-31 | 0 |
Additional cash requirement | 2020-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2020-12-31 | 0 |
Unpaid minimum required contributions for current year | 2020-12-31 | 0 |
Unpaid minimum required contributions for all years | 2020-12-31 | 0 |
Total participants, beginning-of-year | 2020-01-01 | 4,689 |
Total number of active participants reported on line 7a of the Form 5500 | 2020-01-01 | 808 |
Number of retired or separated participants receiving benefits | 2020-01-01 | 2,031 |
Number of other retired or separated participants entitled to future benefits | 2020-01-01 | 1,448 |
Total of all active and inactive participants | 2020-01-01 | 4,287 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-01-01 | 244 |
Total participants | 2020-01-01 | 4,531 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-01-01 | 0 |
Measure | Date | Value |
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2020 : THE BAUSCH & LOMB RETIREMENT BENEFITS PLAN 2020 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total income from all sources (including contributions) | 2020-12-31 | $29,868,721 |
Total loss/gain on sale of assets | 2020-12-31 | $0 |
Total of all expenses incurred | 2020-12-31 | $16,087,685 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $14,950,148 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $0 |
Value of total assets at end of year | 2020-12-31 | $230,814,218 |
Value of total assets at beginning of year | 2020-12-31 | $217,033,182 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $1,137,537 |
Total interest from all sources | 2020-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $10,000,000 |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-12-31 | $13 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-12-31 | $546 |
Administrative expenses (other) incurred | 2020-12-31 | $795,689 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $13,781,036 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $230,814,218 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $217,033,182 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
Value of interest in common/collective trusts at end of year | 2020-12-31 | $230,814,205 |
Value of interest in common/collective trusts at beginning of year | 2020-12-31 | $215,890,636 |
Net investment gain or loss from common/collective trusts | 2020-12-31 | $29,868,721 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
Contributions received in cash from employer | 2020-12-31 | $0 |
Employer contributions (assets) at end of year | 2020-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2020-12-31 | $1,142,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $14,950,148 |
Contract administrator fees | 2020-12-31 | $341,848 |
Did the plan have assets held for investment | 2020-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
Accountancy firm name | 2020-12-31 | INSERO & CO. CPAS, LLP |
Accountancy firm EIN | 2020-12-31 | 475324570 |