AMGEN RETIREMENT AND SAVINGS PLAN
Overview
Plan Contact
- Address: ONE AMGEN CENTER DRIVE,,THOUSAND OAKS,CA
- Contact person: VINCE BRIGANDI
- Phone: (805) 447-1000
Plan General Information
At the end of 2022, the total retirement plan assets of AMGEN RETIREMENT AND SAVINGS PLAN is $6,005,374,824.This plan was established in 1985.
At the end of 2022, the total number of retirement plan participants in AMGEN RETIREMENT AND SAVINGS PLAN is 18851
In 2022, the average participant retirement account value for AMGEN RETIREMENT AND SAVINGS PLAN is $318,570
In 2022, the estimated average employee contribution amount per participant for AMGEN RETIREMENT AND SAVINGS PLAN is $9,504
In 2022, the estimated average employer match for an employee in AMGEN RETIREMENT AND SAVINGS PLAN is approximately $10,708
In 2022, AMGEN RETIREMENT AND SAVINGS PLAN allocates $201,864,096 to match its employees’ contributions, providing an employer match rate of 113.29% of their contributions
In 2022, the total retirement plan asset growth rate of AMGEN RETIREMENT AND SAVINGS PLAN is -16.46%
In 2022, the estimated aggregate retirement account investment gain/loss for AMGEN RETIREMENT AND SAVINGS PLAN is -16.06%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of AMGEN RETIREMENT AND SAVINGS PLAN is 0.20%.
Enrollment Features
AMGEN RETIREMENT AND SAVINGS PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.