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ABRAXIS BIOSCIENCE SAVINGS AND RETIREMENT PLAN 401k Plan overview

Plan NameABRAXIS BIOSCIENCE SAVINGS AND RETIREMENT PLAN
Plan identification number 002

ABRAXIS BIOSCIENCE SAVINGS AND RETIREMENT 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.
  • 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.
  • 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 contribtions 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

CELGENE CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:CELGENE CORPORATION
Employer identification number (EIN):222711928
NAIC Classification:325410

Additional information about CELGENE CORPORATION

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2088605

More information about CELGENE CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ABRAXIS BIOSCIENCE SAVINGS AND RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022013-01-01ERNEST MEYER
0022012-01-01ERNEST MEYER
0022011-01-01ERNEST MEYER ERNEST MEYER2012-09-25

Plan Statistics for ABRAXIS BIOSCIENCE SAVINGS AND RETIREMENT PLAN

401k plan membership statisitcs for ABRAXIS BIOSCIENCE SAVINGS AND RETIREMENT PLAN

Measure Date Value
2013: ABRAXIS BIOSCIENCE SAVINGS AND RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-014
Total number of active participants reported on line 7a of the Form 55002013-01-010
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-010
Number of participants with account balances2013-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: ABRAXIS BIOSCIENCE SAVINGS AND RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01508
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-014
Total of all active and inactive participants2012-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-014
Number of participants with account balances2012-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: ABRAXIS BIOSCIENCE SAVINGS AND RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01894
Total number of active participants reported on line 7a of the Form 55002011-01-010
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-01508
Total of all active and inactive participants2011-01-01508
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01508
Number of participants with account balances2011-01-01508
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010

Financial Data on ABRAXIS BIOSCIENCE SAVINGS AND RETIREMENT PLAN

Measure Date Value
2013 : ABRAXIS BIOSCIENCE SAVINGS AND RETIREMENT PLAN 2013 401k financial data
Total income from all sources2013-01-17$1,741
Expenses. Total of all expenses incurred2013-01-17$64,144
Benefits paid (including direct rollovers)2013-01-17$64,144
Total plan assets at end of year2013-01-17$0
Total plan assets at beginning of year2013-01-17$62,403
Value of fidelity bond covering the plan2013-01-17$5,000,000
Other income received2013-01-17$1,741
Net income (gross income less expenses)2013-01-17$-62,403
Net plan assets at end of year (total assets less liabilities)2013-01-17$0
Net plan assets at beginning of year (total assets less liabilities)2013-01-17$62,403
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-01-17$0
2012 : ABRAXIS BIOSCIENCE SAVINGS AND RETIREMENT PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$10
Total unrealized appreciation/depreciation of assets2012-12-31$10
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$2,367,752
Total loss/gain on sale of assets2012-12-31$1,905
Total of all expenses incurred2012-12-31$22,546,997
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$22,546,997
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$0
Value of total assets at end of year2012-12-31$62,403
Value of total assets at beginning of year2012-12-31$20,241,648
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$0
Total interest from all sources2012-12-31$8,900
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$203,667
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$203,250
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$5,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Participant contributions at end of year2012-12-31$0
Participant contributions at beginning of year2012-12-31$215,165
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$-20,179,245
Value of net assets at end of year (total assets less liabilities)2012-12-31$62,403
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$20,241,648
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$62,370
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$20,005,832
Interest on participant loans2012-12-31$8,900
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$2,153,270
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Assets. Invements in employer securities at end of year2012-12-31$33
Assets. Invements in employer securities at beginning of year2012-12-31$9,385
Income. Dividends from common stock2012-12-31$417
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$22,546,997
Assets. Corporate common stocks other than exployer securities at end of year2012-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2012-12-31$11,266
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$22,533
Aggregate carrying amount (costs) on sale of assets2012-12-31$20,628
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31CNM LLP
Accountancy firm EIN2012-12-31651202484
2011 : ABRAXIS BIOSCIENCE SAVINGS AND RETIREMENT PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-16,661
Total unrealized appreciation/depreciation of assets2011-12-31$-16,661
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$-303,223
Total loss/gain on sale of assets2011-12-31$-779
Total of all expenses incurred2011-12-31$12,816,247
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$12,816,247
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$0
Value of total assets at end of year2011-12-31$20,241,648
Value of total assets at beginning of year2011-12-31$33,361,118
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$0
Total interest from all sources2011-12-31$24,897
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$386,338
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2011-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$385,296
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$5,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Participant contributions at end of year2011-12-31$215,165
Participant contributions at beginning of year2011-12-31$684,347
Assets. Other investments not covered elsewhere at end of year2011-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$119
Other income not declared elsewhere2011-12-31$1,543
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-13,119,470
Value of net assets at end of year (total assets less liabilities)2011-12-31$20,241,648
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$33,361,118
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$20,005,832
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$32,543,167
Interest on participant loans2011-12-31$24,897
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-698,561
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Assets. Invements in employer securities at end of year2011-12-31$9,385
Assets. Invements in employer securities at beginning of year2011-12-31$73,037
Income. Dividends from common stock2011-12-31$1,042
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$12,816,247
Assets. Corporate common stocks other than exployer securities at end of year2011-12-31$11,266
Assets. Corporate common stocks other than exployer securities at beginning of year2011-12-31$60,448
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$414,907
Aggregate carrying amount (costs) on sale of assets2011-12-31$415,686
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31CNM LLP
Accountancy firm EIN2011-12-31651202484
2010 : ABRAXIS BIOSCIENCE SAVINGS AND RETIREMENT PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$-2,631
Total unrealized appreciation/depreciation of assets2010-12-31$-2,631
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$13,028,697
Total loss/gain on sale of assets2010-12-31$63,871
Total of all expenses incurred2010-12-31$9,458,879
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$9,450,575
Value of total corrective distributions2010-12-31$5,187
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$8,706,003
Value of total assets at end of year2010-12-31$33,361,118
Value of total assets at beginning of year2010-12-31$29,791,300
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$3,117
Total interest from all sources2010-12-31$45,016
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$587,069
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2010-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$584,774
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$5,000,000
If this is an individual account plan, was there a blackout period2010-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$5,473,051
Participant contributions at end of year2010-12-31$684,347
Participant contributions at beginning of year2010-12-31$701,759
Assets. Other investments not covered elsewhere at end of year2010-12-31$119
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$1,267
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$774,078
Other income not declared elsewhere2010-12-31$4,617
Administrative expenses (other) incurred2010-12-31$3,117
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$3,569,818
Value of net assets at end of year (total assets less liabilities)2010-12-31$33,361,118
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$29,791,300
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$32,543,167
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$28,988,165
Interest on participant loans2010-12-31$45,016
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$3,624,752
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
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$73,037
Assets. Invements in employer securities at beginning of year2010-12-31$57,581
Contributions received in cash from employer2010-12-31$2,458,874
Income. Dividends from common stock2010-12-31$2,295
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$9,450,575
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31Yes
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$60,448
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$42,528
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
Aggregate proceeds on sale of assets2010-12-31$1,693,137
Aggregate carrying amount (costs) on sale of assets2010-12-31$1,629,266
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31CNM LLP
Accountancy firm EIN2010-12-31651202484

Form 5500 Responses for ABRAXIS BIOSCIENCE SAVINGS AND RETIREMENT PLAN

2013: ABRAXIS BIOSCIENCE SAVINGS AND RETIREMENT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingYes
2013-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: ABRAXIS BIOSCIENCE SAVINGS AND RETIREMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: ABRAXIS BIOSCIENCE SAVINGS AND RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes

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