New Jersey › Manufacturing › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
The Bausch & Lomb Retirement Benefits Plan
Sponsored by Bausch + Lomb Americas Inc., Bridgewater, NJ
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
The Bausch & Lomb Retirement Benefits Plan is a cash balance pension plan sponsored by Bausch + Lomb Americas Inc. of Bridgewater, New Jersey. For the plan year ending 31 Dec 2024 it reported 3,885 participants, 546 of them active, and net assets of $155M.
Net assets came to $39,992 per participant, well below the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well below the $67,961 median for defined benefit plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $389K: $100 per participant, well below the same-size median of $325. Administrative expenses charged to the plan were $1.6M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $224M in 2021 to $155M in 2024 (down 31%), and participants from 4,354 to 3,885 (down 11%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $39,992 | $87,935 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $10,593 | $6,915 | $10,244 |
| Schedule C compensation per participant | $100 | $325 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.25% | 0.41% | 0.47% | 0.42% |
| Administrative expenses per participant | $409 | $513 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 plans), manufacturing (1,532) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 3,885 | $155M | $39,992 | — | — | $389K |
| 2023 | 4,013 | $164M | $40,960 | $2.7M | — | $246K |
| 2022 | 4,181 | $162M | $38,729 | — | — | $276K |
| 2021 | 4,354 | $224M | $51,452 | — | — | $513K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$164,374,370
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$7,537,998
- Benefits paid$14,955,796
- Administrative expenses$1,587,510
- Total expenses$16,543,306
- Net income−$9,005,308
- Net transfers$0
- Net assets, end of year$155,369,062
Participants
- Active participants546
- Retired or separated, receiving benefits1,988
- Retired or separated, entitled to future benefits1,094
- Total participants, end of year3,885
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Northern Trust Investments Inc. | Trustee (bank, trust company, or similar financial institution); Trustee (directed) | $319,192 | $0 |
| Mercer US Inc. | Actuarial; Consulting (pension) | $70,265 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$1,198,053
- Investment advisory and management fees$244,187
- Trustee and custodial fees$75,000
- Actuarial fees$70,265
- Other trustee fees and expenses$5
- Total administrative expenses$1,587,510
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$155M · 99.8%
- Receivables$251K · 0.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmInsero & Co. CPAS, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $10,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1BBenefits are primarily flat dollar (includes dollars per year of service)1CCash balance or similar plan1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 334610.
Other plans of Bausch + Lomb Americas Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Bausch & Lomb Americas Inc. Retirement Savings Plan | 5,862 | $811M |
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Curtiss Wright Corporation Retirement Plan | Curtiss Wright Corporation | 4,499 | $873M | $193,985 |
| Syensqo USA Pension Plan | Cytec Industries, Inc., Member of the Syensqo Group | 3,523 | $333M | $94,526 |
| Sun Chemical Retirement Plan | Sun Chemical Corporation | 4,574 | $315M | $68,955 |
| Local 888 Pension Fund | Board of Trustees Local 888 Pension Fund | 3,519 | $46.0M | $13,066 |
| Formosa Plastics Corporation, U.S.A. Pension Plan | Formosa Plastics Corporation, U.S.A. | 4,727 | $346M | $73,110 |
| Retirement Plan for Employees of Reckitt Benckiser LLC | Reckitt Benckiser LLC | 3,126 | $251M | $80,222 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is The Bausch & Lomb Retirement Benefits Plan?
3,885 participants at the end of the plan year ending 31 Dec 2024, of whom 546 were active employees, with net assets of $155,369,062. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Bausch + Lomb Americas Inc. contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $389,457 in compensation to service provider organisations, $100 per participant or 0.25% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $1,587,510. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Bausch + Lomb Americas Inc.. Trustee or custodian: Northern Trust Investments Inc.. The financial statements were audited by Insero & Co. CPAS, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 8 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 85-4359919, plan 020, received 8 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.