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POZEN INC. RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NamePOZEN INC. RETIREMENT SAVINGS PLAN
Plan identification number 001

POZEN INC. 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.
  • 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

ARALEZ PHARMACEUTICALS US INC. (SUCCESSOR BY MERGER TO POZEN INC.) has sponsored the creation of one or more 401k plans.

Company Name:ARALEZ PHARMACEUTICALS US INC. (SUCCESSOR BY MERGER TO POZEN INC.)
Employer identification number (EIN):474626948
NAIC Classification:424210
NAIC Description:Drugs and Druggists' Sundries Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan POZEN INC. RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012020-01-01
0012019-01-01

Plan Statistics for POZEN INC. RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for POZEN INC. RETIREMENT SAVINGS PLAN

Measure Date Value
2020: POZEN INC. RETIREMENT SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0153
Total number of active participants reported on line 7a of the Form 55002020-01-010
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-010
Number of participants with account balances2020-01-010
2019: POZEN INC. RETIREMENT SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0194
Total number of active participants reported on line 7a of the Form 55002019-01-010
Number of retired or separated participants receiving benefits2019-01-011
Number of other retired or separated participants entitled to future benefits2019-01-0152
Total of all active and inactive participants2019-01-0153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0153
Number of participants with account balances2019-01-0152

Financial Data on POZEN INC. RETIREMENT SAVINGS PLAN

Measure Date Value
2020 : POZEN INC. RETIREMENT SAVINGS PLAN 2020 401k financial data
Transfers to/from the plan2020-12-24$0
Total plan liabilities at end of year2020-12-24$0
Total plan liabilities at beginning of year2020-12-24$0
Total income from all sources2020-12-24$56,090
Expenses. Total of all expenses incurred2020-12-24$3,175,608
Benefits paid (including direct rollovers)2020-12-24$3,174,138
Total plan assets at end of year2020-12-24$0
Total plan assets at beginning of year2020-12-24$3,119,518
Value of fidelity bond covering the plan2020-12-24$500,000
Total contributions received or receivable from participants2020-12-24$0
Expenses. Other expenses not covered elsewhere2020-12-24$0
Contributions received from other sources (not participants or employers)2020-12-24$0
Other income received2020-12-24$56,090
Noncash contributions received2020-12-24$0
Net income (gross income less expenses)2020-12-24$-3,119,518
Net plan assets at end of year (total assets less liabilities)2020-12-24$0
Net plan assets at beginning of year (total assets less liabilities)2020-12-24$3,119,518
Total contributions received or receivable from employer(s)2020-12-24$0
Value of certain deemed distributions of participant loans2020-12-24$0
Value of corrective distributions2020-12-24$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-24$1,470
2019 : POZEN INC. RETIREMENT SAVINGS PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$938,993
Expenses. Total of all expenses incurred2019-12-31$2,712,711
Benefits paid (including direct rollovers)2019-12-31$2,704,083
Total plan assets at end of year2019-12-31$3,119,518
Total plan assets at beginning of year2019-12-31$4,893,236
Value of fidelity bond covering the plan2019-12-31$500,000
Total contributions received or receivable from participants2019-12-31$45,581
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$893,412
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$-1,773,718
Net plan assets at end of year (total assets less liabilities)2019-12-31$3,119,518
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$4,893,236
Assets. Value of participant loans2019-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022019-12-31$0
Total contributions received or receivable from employer(s)2019-12-31$0
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$8,628

Form 5500 Responses for POZEN INC. RETIREMENT SAVINGS PLAN

2020: POZEN INC. RETIREMENT SAVINGS PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingYes
2020-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: POZEN INC. RETIREMENT SAVINGS PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes

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