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MONSANTO COMPANY PENSION PLAN 401k Plan overview

Plan NameMONSANTO COMPANY PENSION PLAN
Plan identification number 002

MONSANTO COMPANY PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:BAYER CORPORATION
Employer identification number (EIN):251339219
NAIC Classification:325410

Additional information about BAYER CORPORATION

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2531577

More information about BAYER CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MONSANTO COMPANY PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022021-01-01
0022021-01-01

Plan Statistics for MONSANTO COMPANY PENSION PLAN

401k plan membership statisitcs for MONSANTO COMPANY PENSION PLAN

Measure Date Value
2023: MONSANTO COMPANY PENSION PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0113,094
Total number of active participants reported on line 7a of the Form 55002023-01-014,257
Number of retired or separated participants receiving benefits2023-01-013,338
Number of other retired or separated participants entitled to future benefits2023-01-014,423
Total of all active and inactive participants2023-01-0112,018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-01707
Total participants2023-01-0112,725
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-0138
2022: MONSANTO COMPANY PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-312,584,836,656
Acturial value of plan assets2022-12-312,521,193,272
Funding target for retired participants and beneficiaries receiving payment2022-12-31756,068,319
Number of terminated vested participants2022-12-314,739
Fundng target for terminated vested participants2022-12-31333,478,331
Active participant vested funding target2022-12-31549,617,969
Number of active participants2022-12-314,817
Total funding liabilities for active participants2022-12-31555,293,169
Total participant count2022-12-3113,682
Total funding target for all participants2022-12-311,644,839,819
Balance at beginning of prior year after applicable adjustments2022-12-31602,446,888
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-31602,446,888
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-31624,074,731
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-310
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-312,436,716
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-0113,535
Total number of active participants reported on line 7a of the Form 55002022-01-014,457
Number of retired or separated participants receiving benefits2022-01-013,313
Number of other retired or separated participants entitled to future benefits2022-01-014,505
Total of all active and inactive participants2022-01-0112,275
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-01819
Total participants2022-01-0113,094
Number of participants with account balances2022-01-010
2021: MONSANTO COMPANY PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-312,811,757,262
Acturial value of plan assets2021-12-312,538,341,512
Funding target for retired participants and beneficiaries receiving payment2021-12-31903,264,396
Number of terminated vested participants2021-12-314,743
Fundng target for terminated vested participants2021-12-31325,685,591
Active participant vested funding target2021-12-31571,777,628
Number of active participants2021-12-315,240
Total funding liabilities for active participants2021-12-31577,622,043
Total participant count2021-12-3118,316
Total funding target for all participants2021-12-311,806,572,030
Balance at beginning of prior year after applicable adjustments2021-12-31523,502,683
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-31523,502,683
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-31602,446,888
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-310
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-311,575,176
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-0118,315
Total number of active participants reported on line 7a of the Form 55002021-01-014,933
Number of retired or separated participants receiving benefits2021-01-016,545
Number of other retired or separated participants entitled to future benefits2021-01-014,673
Total of all active and inactive participants2021-01-0116,151
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011,754
Total participants2021-01-0117,905
Number of participants with account balances2021-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0134

Financial Data on MONSANTO COMPANY PENSION PLAN

Measure Date Value
2023 : MONSANTO COMPANY PENSION PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$367,264,084
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$283,648,597
Total income from all sources (including contributions)2023-12-31$172,669,792
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$110,752,420
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$110,752,420
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$0
Value of total assets at end of year2023-12-31$2,403,676,172
Value of total assets at beginning of year2023-12-31$2,258,143,313
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$0
Total interest from all sources2023-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$73,836,806
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$73,836,806
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$1,000,000
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-12-31$367,264,084
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2023-12-31$283,648,597
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$61,917,372
Value of net assets at end of year (total assets less liabilities)2023-12-31$2,036,412,088
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$1,974,494,716
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in master investment trust accounts at end of year2023-12-31$2,403,676,172
Value of interest in master investment trust accounts at beginning of year2023-12-31$2,258,143,313
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$110,752,420
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31SCHNEIDER DOWNS & CO., INC
Accountancy firm EIN2023-12-31251408703
2022 : MONSANTO COMPANY PENSION PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$283,648,597
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$293,032,158
Total income from all sources (including contributions)2022-12-31$-503,136,005
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$107,205,936
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$107,205,936
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$0
Value of total assets at end of year2022-12-31$2,258,143,313
Value of total assets at beginning of year2022-12-31$2,877,868,815
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$0
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$68,495,868
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$68,495,868
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$283,648,597
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$293,032,158
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-610,341,941
Value of net assets at end of year (total assets less liabilities)2022-12-31$1,974,494,716
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$2,584,836,657
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in master investment trust accounts at end of year2022-12-31$2,258,143,313
Value of interest in master investment trust accounts at beginning of year2022-12-31$2,877,868,815
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$107,205,936
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31SCHNEIDER DOWNS & CO., INC
Accountancy firm EIN2022-12-31251408703
2021 : MONSANTO COMPANY PENSION PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$293,032,158
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$305,694,983
Total income from all sources (including contributions)2021-12-31$95,418,931
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$322,339,536
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$322,339,536
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$0
Value of total assets at end of year2021-12-31$2,877,868,815
Value of total assets at beginning of year2021-12-31$3,117,452,245
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$0
Total interest from all sources2021-12-31$72,219,023
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2021-12-31$189,534,000
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$293,032,158
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$305,694,983
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-226,920,605
Value of net assets at end of year (total assets less liabilities)2021-12-31$2,584,836,657
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$2,811,757,262
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Interest earned on other investments2021-12-31$72,219,023
Value of interest in master investment trust accounts at end of year2021-12-31$2,877,868,815
Value of interest in master investment trust accounts at beginning of year2021-12-31$3,117,452,245
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$132,805,536
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Disclaimer
Accountancy firm name2021-12-31SCHNEIDER DOWNS & CO., INC
Accountancy firm EIN2021-12-31251408703

Form 5500 Responses for MONSANTO COMPANY PENSION PLAN

2023: MONSANTO COMPANY PENSION PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: MONSANTO COMPANY PENSION PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: MONSANTO COMPANY PENSION PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

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