Par Pharmaceutical, Inc. 401(k) Plan (terminated 2016): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2016, when $133.3 million was transferred out of the plan. Assets moved to the ENDO SAVINGS AND INVESTMENT PLAN (sponsored by ENDO USA, INC.). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

Par Pharmaceutical, Inc. 401(k) Plan Facts (plan year 2016)

Plan name
PAR PHARMACEUTICAL, INC. RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PAR PHARMACEUTICAL, INC.
Participants
1,677
Former employees with a balance
0
Employer contributions
$3,007,864 in plan year 2016 (21% of all contributions)
Plan year
Jan 1, 2016 – Dec 31, 2016
Plan established
Oct 1, 1983
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2016 (Jan 1, 2016 – Dec 31, 2016), filed Oct 12, 2017. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2016

  • $14.4 million went into the plan in contributions, $3.01 million of it from the employer (21%).
  • $12.9 million was paid out to participants.
  • Investment and other income added $8.94 million.

How the Par Pharmaceutical, Inc. 401(k) changed, 2011–2016

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2011925$52.6 million$1.16 million$3.61 million
2012853$61.6 million$1.24 million$3.65 million
20131,106$83.8 million$1.74 million$6.32 million
20141,077$93.0 million$1.99 million$6.94 million
20151,644$122.9 million$3.16 million$10.7 million
2016 (final)1,677$0$3.01 million$12.9 million

Par Pharmaceutical, Inc. 401(k) Contact Information

Phone
845-573-0310
Mailing address
1 RAM RIDGE RD, CHESTNUT RIDGE NY 109776714
Plan sponsor
PAR PHARMACEUTICAL, INC.
Employer identification number (EIN)
22-2228342
Plan number
002

Questions about the Par Pharmaceutical, Inc. 401(k)

Is the Par Pharmaceutical, Inc 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2016. Its assets were transferred to the ENDO SAVINGS AND INVESTMENT PLAN.

Does Par Pharmaceutical, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2016 the employer contributed $3.01 million, 21% of all contributions.

Does the Par Pharmaceutical, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Par Pharmaceutical, Inc 401(k) plan?

1,677 participants at the start of plan year 2016.

Who manages the Par Pharmaceutical, Inc 401(k) accounts?

Principal is the plan's recordkeeper, which is where participants log in to see their balance.

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