[ INDEX ]
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
____________________
FORM 11-K
[ X ] |
|
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE |
|
|
SECURITIES EXCHANGE ACT OF 1934
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For the fiscal year ended |
September 29, 1999 |
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OR
[ ]
|
|
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE |
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|
SECURITIES EXCHANGE ACT OF 1934
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For the transition period from |
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to |
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Commission file number 33-32465
BERGEN BRUNSWIG PRE-TAX INVESTMENT RETIREMENT ACCOUNT
(Full title of the plan)
BERGEN BRUNSWIG CORPORATION
(Name of issuer of the securities held pursuant to the plan)
4000 Metropolitan Drive, Orange, California |
|
92868-3510 |
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|
(Address of principal executive offices of
|
|
(Zip code) |
issuer of securities) |
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|
[ COVER ]
BERGEN BRUNSWIG PRE-TAX INVESTMENT RETIREMENT ACCOUNT
INDEX
[ COVER ] |
[ INDEX ]
INDEPENDENT AUDITORS' REPORT
Bergen Brunswig Pre-Tax Investment
Retirement Account:
We have audited the accompanying statements of net assets
available for benefits of the Bergen Brunswig Pre-Tax Investment Retirement
Account (the Plan) as of September 29, 1999 and 1998, and the related
statements of changes in net assets available for benefits for the years
ended September 29, 1999 and 1998 and the period from January 1, 1997 to
September 29, 1997. These financial statements are the responsibility of
the Plan's management. Our responsibility is to express an opinion on
these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally
accepted in the United States of America. Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures
in the financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that
our audits provide a reasonable basis for our opinion.
In our opinion, such financial statements present fairly, in all material
respects, the net assets available for benefits of the Plan as of September 29,
1999 and 1998, and the changes in net assets available for benefits for the
years ended September 29, 1999 and 1998 and the period from January 1, 1997
to September 29, 1997 in conformity with accounting principles generally
accepted in the United States of America.
Our audits were conducted for the purpose of forming an opinion on the
basic financial statements taken as a whole. The supplemental information by
fund is presented for the purpose of additional analysis of the basic financial
statements rather than to present information regarding the net assets available
for benefits and changes in net assets available for benefits of the individual
funds, and is not a required part of the basic financial statements. Also, the
accompanying supplemental schedules of (1) Line 27a - Schedule of Assets Held
for Investment Purposes as of September 29, 1999, and (2) Line 27d - Schedule of
Reportable Transactions for the year ended September 29, 1999 are presented
for the purpose of additional analysis and are not a required part of the
basic financial statements, but are supplementary information required by
the Department of Labor's Rules and Regulations for Reporting and Disclosure
under the Employee Retirement Income Security Act of 1974. This supplemental
information and supplemental schedules are the responsibility of the Plan's
management. Such supplemental information by fund and supplemental schedules
have been subjected to the auditing procedures applied in our audits of the
basic financial statements and, in our opinion, are fairly stated in all
material respects when considered in relation to the basic financial statements
taken as a whole.
/s/ Deloitte & Touche
LLP
Costa Mesa, California
March 24, 2000
[ COVER ] |
[ INDEX ]
|
|
BERGEN BRUNSWIG PRE-TAX INVESTMENT RETIREMENT ACCOUNT |
|
|
|
|
|
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS |
|
|
AS OF SEPTEMBER 29, 1999 |
|
|
|
|
|
SUPPLEMENTAL INFORMATION BY FUND |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MERRILL |
|
|
|
|
|
|
|
|
|
GEORGE |
|
|
|
LYNCH |
|
MERRILL |
|
MERRILL |
|
|
|
FIDELITY |
|
PUTNAM |
|
COMPANY |
|
GLOBAL |
|
LYNCH |
|
LYNCH |
|
|
|
MAGELLAN |
|
FUND |
|
STOCK |
|
ALLOCATION |
|
EQUITY INDEX |
|
CAPITAL |
|
|
|
FUND |
|
CLASS A |
|
FUND |
|
FUND A |
|
TRUST 1 |
|
FUND A |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSETS: |
|
Investments |
$ |
68,517,674 |
$ |
14,357,606 |
$ |
18,660,912 |
$ |
5,410,402 |
$ |
19,482,069 |
$ |
6,299,621 |
|
Interfund transfers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
receivable |
|
48,673 |
|
11,302 |
|
31,537 |
|
4,557 |
|
12,214 |
|
4,557 |
|
Contributions receivable |
|
198,238 |
|
46,669 |
|
105,242 |
|
21,599 |
|
91,868 |
|
28,620 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ASSETS |
|
68,764,585 |
|
14,415,577 |
|
18,797,691 |
|
5,436,558 |
|
19,586,151 |
|
6,332,798 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES: |
|
Interfund transfers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
payable |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET ASSETS AVAILABLE |
|
FOR BENEFITS |
$ |
68,764,585 |
$ |
14,415,577 |
$ |
18,797,691 |
$ |
5,436,558 |
$ |
19,586,151 |
$ |
6,332,798 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See accompanying notes to financial statements.
|
|
|
BERGEN BRUNSWIG PRE-TAX INVESTMENT RETIREMENT ACCOUNT |
|
|
|
|
|
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS (Continued) |
|
|
AS OF SEPTEMBER 29, 1999 |
|
|
|
|
|
SUPPLEMENTAL INFORMATION BY FUND |
|
|
|
|
|
|
|
|
|
|
MERRILL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LYNCH |
|
MERRILL |
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
|
LYNCH |
|
MERRILL |
TEMPLETON |
|
|
|
|
|
|
|
|
BOND FUND |
RETIREMENT |
LYNCH |
|
FOREIGN |
|
AIM |
|
|
|
|
|
|
|
INVESTMENT |
PRESERVATION |
GROWTH |
|
FUND |
CONSTELLATION |
|
|
|
|
|
|
GRADE A |
|
TRUST |
|
FUND A |
|
CLASS 1 |
|
FUND A |
|
LOANS |
|
TOTAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSETS: |
|
Investments |
$ |
3,727,457 |
$ |
62,521,312 |
$ |
1,700,970 |
$ |
1,204,255 |
$ |
2,764,258 |
$ |
11,703,533 |
$ |
216,350,069 |
|
Interfund transfers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
receivable |
|
2,552 |
|
61,619 |
|
2,005 |
|
911 |
|
2,370 |
|
- |
|
182,297 |
|
Contributions receivable |
|
14,915 |
|
323,473 |
|
12,524 |
|
7,610 |
|
23,740 |
|
- |
|
874,498 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ASSETS |
|
3,744,924 |
|
62,906,404 |
|
1,715,499 |
|
1,212,776 |
|
2,790,368 |
|
11,703,533 |
|
217,406,864 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES: |
|
Interfund transfers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
payable |
|
- |
|
- |
|
- |
|
- |
|
- |
|
182,297 |
|
182,297 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES |
|
- |
|
- |
|
- |
|
- |
|
- |
|
182,297 |
|
182,297 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET ASSETS AVAILABLE |
|
FOR BENEFITS |
$ |
3,744,924 |
$ |
62,906,404 |
$ |
1,715,499 |
$ |
1,212,776 |
$ |
2,790,368 |
$ |
11,521,236 |
$ |
217,224,567 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See accompanying notes to financial statements.
|
[ COVER ] |
[ INDEX ]
|
|
BERGEN BRUNSWIG PRE-TAX INVESTMENT RETIREMENT ACCOUNT |
|
|
|
|
|
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS |
|
|
AS OF SEPTEMBER 29, 1998 |
|
|
|
|
|
SUPPLEMENTAL INFORMATION BY FUND |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MERRILL |
|
|
|
|
|
|
|
|
|
GEORGE |
|
|
|
LYNCH |
|
MERRILL |
|
MERRILL |
|
|
|
FIDELITY |
|
PUTNAM |
|
COMPANY |
|
GLOBAL |
|
LYNCH |
|
LYNCH |
|
|
|
MAGELLAN |
|
FUND |
|
STOCK |
|
ALLOCATION |
|
EQUITY INDEX |
|
CAPITAL |
|
|
|
FUND |
|
CLASS A |
|
FUND |
|
FUND A |
|
TRUST 1 |
|
FUND A |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSETS: |
|
Investments |
$ |
55,383,788 |
$ |
15,775,193 |
$ |
29,081,612 |
$ |
5,291,916 |
$ |
15,210,626 |
$ |
7,007,691 |
|
Interfund transfers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
receivable |
|
36,684 |
|
9,414 |
|
16,660 |
|
4,303 |
|
7,841 |
|
3,855 |
|
Contributions receivable |
|
160,538 |
|
49,406 |
|
77,146 |
|
26,092 |
|
69,028 |
|
32,413 |
|
Interest and dividend |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
income receivable |
|
12,101 |
|
3,288 |
|
94,328 |
|
1,479 |
|
2,812 |
|
1,276 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ASSETS |
|
55,593,111 |
|
15,837,301 |
|
29,269,746 |
|
5,323,790 |
|
15,290,307 |
|
7,045,235 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES: |
|
Interfund transfers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
payable |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET ASSETS AVAILABLE |
|
FOR BENEFITS |
$ |
55,593,111 |
$ |
15,837,301 |
$ |
29,269,746 |
$ |
5,323,790 |
$ |
15,290,307 |
$ |
7,045,235 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See accompanying notes to financial statements.
|
|
BERGEN BRUNSWIG PRE-TAX INVESTMENT RETIREMENT ACCOUNT |
|
|
|
|
|
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS (Continued) |
|
|
AS OF SEPTEMBER 29, 1998 |
|
|
|
|
|
SUPPLEMENTAL INFORMATION BY FUND |
|
|
|
|
|
|
|
|
|
|
MERRILL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LYNCH |
|
MERRILL |
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
|
LYNCH |
|
MERRILL |
TEMPLETON |
|
|
|
|
|
|
|
|
BOND FUND |
RETIREMENT |
LYNCH |
|
FOREIGN |
|
AIM |
|
|
|
|
|
|
|
INVESTMENT |
PRESERVATION |
GROWTH |
|
FUND |
CONSTELLATION |
PARTICIPANT |
|
|
|
|
|
GRADE A |
|
TRUST |
|
FUND A |
|
CLASS 1 |
|
FUND A |
|
LOANS |
|
TOTAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSETS: |
|
Investments |
$ |
3,635,764 |
$ |
64,194,962 |
$ |
2,626,807 |
$ |
1,127,718 |
$ |
2,134,696 |
$ |
11,157,826 |
$ |
212,628,599 |
|
Interfund transfers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
receivable |
|
2,352 |
|
48,485 |
|
2,750 |
|
852 |
|
2,014 |
|
- |
|
135,210 |
|
Contributions receivable |
|
15,057 |
|
256,145 |
|
18,866 |
|
6,299 |
|
15,964 |
|
- |
|
726,954 |
|
Interest and dividend |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
income receivable |
|
794 |
|
16,194 |
|
868 |
|
325 |
|
675 |
|
- |
|
134,140 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ASSETS |
|
3,653,967 |
|
64,515,786 |
|
2,649,291 |
|
1,135,194 |
|
2,153,349 |
|
11,157,826 |
|
213,624,903 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES: |
|
Interfund transfers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
payable |
|
- |
|
- |
|
- |
|
- |
|
- |
|
135,210 |
|
135,210 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES |
|
- |
|
- |
|
- |
|
- |
|
- |
|
135,210 |
|
135,210 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET ASSETS AVAILABLE |
|
FOR BENEFITS |
$ |
3,653,967 |
$ |
64,515,786 |
$ |
2,649,291 |
$ |
1,135,194 |
$ |
2,153,349 |
$ |
11,022,616 |
$ |
213,489,693 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See accompanying notes to financial statements.
[ COVER ] |
[ INDEX ]
|
|
|
|
BERGEN BRUNSWIG PRE-TAX INVESTMENT RETIREMENT ACCOUNT |
|
|
|
|
|
|
|
|
|
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS |
|
|
|
|
FOR THE YEAR ENDED SEPTEMBER 29, 1999 |
|
|
|
|
|
|
|
|
|
SUPPLEMENTAL INFORMATION BY FUND |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MERRILL |
|
|
|
|
|
|
|
|
|
|
GEORGE |
|
|
|
LYNCH |
|
MERRILL |
|
MERRILL |
|
|
|
|
FIDELITY |
|
PUTNAM |
|
COMPANY |
|
GLOBAL |
|
LYNCH |
|
LYNCH |
|
|
|
|
MAGELLAN |
|
FUND |
|
STOCK |
|
ALLOCATION |
EQUITY INDEX |
CAPITAL |
|
|
|
|
FUND |
|
CLASS A |
|
FUND |
|
FUND A |
|
TRUST 1 |
|
FUND A |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADDITIONS: |
|
|
Contributions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Participants |
$ |
3,483,473 |
$ |
934,642 |
$ |
1,944,735 |
$ |
444,292 |
$ |
1,730,528 |
$ |
662,576 |
|
|
|
|
Employer |
|
1,418,375 |
|
379,296 |
|
752,091 |
|
179,276 |
|
636,945 |
|
237,173 |
|
|
|
Transfers of participant balances |
|
11,003,332 |
|
561,037 |
|
17,603,833 |
|
733,789 |
|
4,764,413 |
|
201,987 |
|
|
|
Interest income |
|
271,352 |
|
61,685 |
|
148,328 |
|
26,094 |
|
60,959 |
|
22,619 |
|
|
|
Dividend income |
|
5,841,995 |
|
1,555,219 |
|
329,243 |
|
633,584 |
|
- |
|
462,979 |
|
|
|
Participant loans |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
|
|
Participant loan repayments |
|
1,085,902 |
|
253,428 |
|
713,507 |
|
102,406 |
|
274,313 |
|
102,829 |
|
|
|
Net increase in fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
of investments |
|
11,188,295 |
|
- |
|
- |
|
709,413 |
|
3,292,874 |
|
188,757 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ADDITIONS |
|
34,292,724 |
|
3,745,307 |
|
21,491,737 |
|
2,828,854 |
|
10,760,032 |
|
1,878,920 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DEDUCTIONS: |
|
|
Withdrawals |
|
6,089,503 |
|
1,511,969 |
|
1,843,229 |
|
629,404 |
|
876,315 |
|
803,445 |
|
|
|
Transfers of participant |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
balances |
|
13,229,781 |
|
2,818,343 |
|
5,978,450 |
|
1,992,189 |
|
5,146,129 |
|
1,661,769 |
|
|
|
Administrative expenses |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
|
|
Participant loans |
|
1,801,966 |
|
297,678 |
|
- |
|
94,493 |
|
441,744 |
|
126,143 |
|
|
|
Participant loan repayments |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
|
|
Net decrease in fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
of investments |
|
- |
|
539,041 |
|
24,142,113 |
|
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL DEDUCTIONS |
|
21,121,250 |
|
5,167,031 |
|
31,963,792 |
|
2,716,086 |
|
6,464,188 |
|
2,591,357 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET INCREASE (DECREASE) |
|
13,171,474 |
|
(1,421,724 |
) |
(10,472,055 |
) |
112,768 |
|
4,295,844 |
|
(712,437 |
) |
|
NET ASSETS AVAILABLE FOR |
|
BENEFITS AT BEGINNING OF PERIOD |
|
55,593,111 |
|
15,837,301 |
|
29,269,746 |
|
5,323,790 |
|
15,290,307 |
|
7,045,235 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET ASSETS AVAILABLE FOR |
|
BENEFITS AT END OF PERIOD |
$ |
68,764,585 |
$ |
14,415,577 |
$ |
18,797,691 |
$ |
5,436,558 |
$ |
19,586,151 |
$ |
6,332,798 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See accompanying notes to financial statements. |
|
|
|
|
BERGEN BRUNSWIG PRE-TAX INVESTMENT RETIREMENT ACCOUNT |
|
|
|
|
|
|
|
|
|
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
(Continued) |
|
|
|
|
FOR THE YEAR ENDED SEPTEMBER 29, 1999 |
|
|
|
|
|
|
|
|
|
SUPPLEMENTAL INFORMATION BY FUND |
|
|
|
|
|
|
|
|
|
|
|
|
|
MERRILL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LYNCH |
|
MERRILL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
|
LYNCH |
|
MERRILL |
|
TEMPLETON |
|
|
|
|
|
|
|
|
|
|
BOND FUND |
|
RETIREMENT |
|
LYNCH |
|
FOREIGN |
|
AIM |
|
|
|
|
|
|
|
|
INVESTMENT |
PRESERVATION |
GROWTH |
|
FUND |
CONSTELLATION |
PARTICIPANT |
|
|
|
|
|
|
GRADE A |
|
TRUST |
|
FUND A |
|
CLASS 1 |
|
FUND A |
|
LOANS |
|
TOTAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADDITIONS: |
|
|
Contributions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Participants |
$ |
417,133 |
$ |
3,993,532 |
$ |
293,449 |
$ |
137,728 |
$ |
391,985 |
$ |
- |
$ |
14,434,073 |
|
|
|
Employer |
|
132,273 |
|
2,649,615 |
|
115,214 |
|
48,644 |
|
133,886 |
|
- |
|
6,682,788 |
|
|
Transfers of participant balances |
|
1,151,195 |
|
18,062,577 |
|
202,271 |
|
353,212 |
|
752,929 |
|
- |
|
55,390,575 |
|
|
Interest income |
|
16,878 |
|
328,759 |
|
11,133 |
|
5,197 |
|
11,146 |
|
- |
|
964,150 |
|
|
Dividend income |
|
244,186 |
|
3,891,092 |
|
22,024 |
|
131,533 |
|
55,871 |
|
- |
|
13,167,726 |
|
|
Participant loans |
|
- |
|
- |
|
- |
|
- |
|
- |
|
5,192,709 |
|
5,192,709 |
|
|
Participant loan repayments |
|
57,359 |
|
1,983,656 |
|
45,377 |
|
20,106 |
|
55,206 |
|
- |
|
4,694,089 |
|
|
Net increase in fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
of investments |
|
- |
|
- |
|
- |
|
189,856 |
|
506,428 |
|
- |
|
16,075,623 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ADDITIONS |
|
2,019,024 |
|
30,909,231 |
|
689,468 |
|
886,276 |
|
1,907,451 |
|
5,192,709 |
|
116,601,733 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DEDUCTIONS: |
|
|
Withdrawals |
|
349,463 |
|
10,009,737 |
|
115,982 |
|
23,924 |
|
113,821 |
|
- |
|
22,366,792 |
|
|
Transfers of participant |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
balances |
|
1,204,896 |
|
20,060,452 |
|
1,437,526 |
|
765,466 |
|
1,095,574 |
|
- |
|
55,390,575 |
|
|
Administrative expenses |
|
- |
|
213,387 |
|
- |
|
- |
|
- |
|
- |
|
213,387 |
|
|
Participant loans |
|
72,937 |
|
2,235,037 |
|
42,370 |
|
19,304 |
|
61,037 |
|
- |
|
5,192,709 |
|
|
Participant loan repayments |
|
- |
|
- |
|
- |
|
- |
|
- |
|
4,694,089 |
|
4,694,089 |
|
|
Net decrease in fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
of investments |
|
300,771 |
|
- |
|
27,382 |
|
- |
|
- |
|
- |
|
25,009,307 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL DEDUCTIONS |
|
1,928,067 |
|
32,518,613 |
|
1,623,260 |
|
808,694 |
|
1,270,432 |
|
4,694,089 |
|
112,866,859 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET INCREASE (DECREASE) |
|
90,957 |
|
(1,609,382 |
) |
(933,792 |
) |
77,582 |
|
637,019 |
|
498,620 |
|
3,734,874 |
|
NET ASSETS AVAILABLE |
|
|
FOR BENEFITS AT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BEGINNING OF PERIOD |
|
3,653,967 |
|
64,515,786 |
|
2,649,291 |
|
1,135,194 |
|
2,153,349 |
|
11,022,616 |
|
213,489,693 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET ASSETS AVAILABLE |
|
|
FOR BENEFITS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AT END OF PERIOD |
$ |
3,744,924 |
$ |
62,906,404 |
$ |
1,715,499 |
$ |
1,212,776 |
$ |
2,790,368 |
$ |
11,521,236 |
$ |
217,224,567 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See accompanying notes to financial statements. |
[ COVER ] |
[ INDEX ]
|
|
|
|
BERGEN BRUNSWIG PRE-TAX INVESTMENT RETIREMENT ACCOUNT |
|
|
|
|
|
|
|
|
|
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS |
|
|
|
|
FOR THE YEAR ENDED SEPTEMBER 29, 1998 |
|
|
|
|
|
|
|
|
|
SUPPLEMENTAL INFORMATION BY FUND |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MERRILL |
|
|
|
|
|
|
|
|
|
|
GEORGE |
|
|
|
LYNCH |
|
MERRILL |
|
MERRILL |
|
|
|
|
FIDELITY |
|
PUTNAM |
|
COMPANY |
|
GLOBAL |
|
LYNCH |
|
LYNCH |
|
|
|
|
MAGELLAN |
|
FUND |
|
STOCK |
|
ALLOCATION |
EQUITY INDEX |
CAPITAL |
|
|
|
|
FUND |
|
CLASS A |
|
FUND |
|
FUND A |
|
TRUST 1 |
|
FUND A |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADDITIONS: |
|
|
Contributions: |
|
|
|
Participants |
$ |
3,130,349 |
$ |
1,012,854 |
$ |
1,479,845 |
$ |
581,132 |
$ |
1,161,489 |
$ |
644,377 |
|
|
|
Employer |
|
993,199 |
|
326,109 |
|
452,658 |
|
191,699 |
|
350,617 |
|
198,379 |
|
|
Transfers of participant balances |
|
6,909,842 |
|
2,194,927 |
|
7,485,889 |
|
740,426 |
|
5,936,627 |
|
1,688,767 |
|
|
Interest income |
|
254,788 |
|
84,168 |
|
117,413 |
|
38,801 |
|
54,629 |
|
29,375 |
|
|
Dividend income |
|
3,832,347 |
|
1,509,782 |
|
364,156 |
|
901,067 |
|
- |
|
589,912 |
|
|
Participant loans |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
|
Participant loan repayments |
|
1,048,933 |
|
277,315 |
|
497,069 |
|
142,053 |
|
196,753 |
|
127,648 |
|
|
Net increase in fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
of investments |
|
135,089 |
|
- |
|
6,287,252 |
|
- |
|
1,241,213 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ADDITIONS |
|
16,304,547 |
|
5,405,155 |
|
16,684,282 |
|
2,595,178 |
|
8,941,328 |
|
3,278,458 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DEDUCTIONS: |
|
|
Withdrawals |
|
3,921,273 |
|
1,667,798 |
|
1,398,704 |
|
537,373 |
|
629,016 |
|
713,748 |
|
|
Transfers of participant |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
balances |
|
7,169,625 |
|
2,266,637 |
|
13,333,355 |
|
2,352,444 |
|
3,461,707 |
|
1,240,679 |
|
|
Administrative expenses |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
|
Participant loans |
|
1,548,269 |
|
420,381 |
|
- |
|
138,128 |
|
319,115 |
|
129,486 |
|
|
Participant loan repayments |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
|
Net decrease in fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
of investments |
|
- |
|
682,873 |
|
- |
|
1,425,810 |
|
- |
|
743,372 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL DEDUCTIONS |
|
12,639,167 |
|
5,037,689 |
|
14,732,059 |
|
4,453,755 |
|
4,409,838 |
|
2,827,285 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET INCREASE (DECREASE) |
|
3,665,380 |
|
367,466 |
|
1,952,223 |
|
(1,858,577) |
|
4,531,490 |
|
451,173 |
|
NET ASSETS AVAILABLE FOR |
|
|
BENEFITS AT BEGINNING OF PERIOD |
|
51,927,731 |
|
15,469,835 |
|
27,317,523 |
|
7,182,367 |
|
10,758,817 |
|
6,594,062 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET ASSETS AVAILABLE FOR |
|
|
BENEFITS AT END OF PERIOD |
$ |
55,593,111 |
$ |
15,837,301 |
$ |
29,269,746 |
$ |
5,323,790 |
$ |
15,290,307 |
$ |
7,045,235 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See accompanying notes to financial statements.
|
|
|
|
|
BERGEN BRUNSWIG PRE-TAX INVESTMENT RETIREMENT ACCOUNT
|
|
|
|
|
|
|
|
|
|
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
(Continued) |
|
|
|
|
FOR THE YEAR ENDED SEPTEMBER 29, 1998 |
|
|
|
|
|
|
|
|
|
SUPPLEMENTAL INFORMATION BY FUND |
|
|
|
|
|
|
|
|
|
|
|
|
|
MERRILL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LYNCH |
|
MERRILL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
|
LYNCH |
|
MERRILL |
|
TEMPLETON |
|
|
|
|
|
|
|
|
|
|
BOND FUND |
|
RETIREMENT |
|
LYNCH |
|
FOREIGN |
|
AIM |
|
|
|
|
|
|
|
|
INVESTMENT |
PRESERVATION |
GROWTH |
|
FUND |
CONSTELLATION |
PARTICIPANT |
|
|
|
|
|
|
GRADE A |
|
TRUST |
|
FUND A |
|
CLASS 1 |
|
FUND A |
|
LOANS |
|
TOTAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADDITIONS: |
|
|
Contributions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Participants |
$ |
298,491 |
$ |
4,212,849 |
$ |
407,848 |
$ |
153,836 |
$ |
279,070 |
$ |
- |
$ |
13,362,140 |
|
|
|
Employer |
|
98,224 |
|
1,674,035 |
|
109,886 |
|
37,296 |
|
65,775 |
|
- |
|
4,497,877 |
|
|
Transfers of participant balances |
|
941,651 |
|
14,814,513 |
|
3,153,123 |
|
1,386,787 |
|
3,022,013 |
|
- |
|
48,274,565 |
|
|
Interest income |
|
17,680 |
|
3,385,863 |
|
19,623 |
|
7,251 |
|
13,259 |
|
- |
|
4,022,850 |
|
|
Dividend income |
|
210,293 |
|
- |
|
174,397 |
|
93,444 |
|
69,051 |
|
- |
|
7,744,449 |
|
|
Participant loans |
|
- |
|
- |
|
- |
|
- |
|
- |
|
4,905,397 |
|
4,905,397 |
|
|
Participant loan repayments |
|
74,907 |
|
1,977,208 |
|
71,074 |
|
20,413 |
|
42,908 |
|
- |
|
4,476,281 |
|
|
Net increase in fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
of investments |
|
87,343 |
|
- |
|
- |
|
- |
|
- |
|
- |
|
7,750,897 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ADDITIONS |
|
1,728,589 |
|
26,064,468 |
|
3,935,951 |
|
1,699,027 |
|
3,492,076 |
|
4,905,397 |
|
95,034,456 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DEDUCTIONS: |
|
|
Withdrawals |
|
497,228 |
|
6,666,968 |
|
100,517 |
|
71,959 |
|
144,212 |
|
|
|
16,348,796 |
|
|
Transfers of participant |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
balances |
|
648,753 |
|
13,319,709 |
|
1,713,071 |
|
894,480 |
|
1,874,105 |
|
- |
|
48,274,565 |
|
|
Administrative expenses |
|
- |
|
111,870 |
|
- |
|
- |
|
- |
|
- |
|
111,870 |
|
|
Participant loans |
|
85,908 |
|
2,042,580 |
|
118,794 |
|
22,660 |
|
80,076 |
|
- |
|
4,905,397 |
|
|
Participant loan repayments |
|
- |
|
- |
|
- |
|
- |
|
- |
|
4,476,281 |
|
4,476,281 |
|
|
Net decrease in fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
of investments |
|
- |
|
- |
|
1,121,556 |
|
347,137 |
|
240,551 |
|
- |
|
4,561,299 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL DEDUCTIONS |
|
1,231,889 |
|
22,141,127 |
|
3,053,938 |
|
1,336,236 |
|
2,338,944 |
|
4,476,281 |
|
78,678,208 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET INCREASE (DECREASE) |
|
496,700 |
|
3,923,341 |
|
882,013 |
|
362,791 |
|
1,153,132 |
|
429,116 |
|
16,356,248 |
|
NET ASSETS AVAILABLE |
|
|
FOR BENEFITS AT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BEGINNING OF PERIOD |
|
3,157,267 |
|
60,592,445 |
|
1,767,278 |
|
772,403 |
|
1,000,217 |
|
10,593,500 |
|
197,133,445 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET ASSETS AVAILABLE |
|
|
FOR BENEFITS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AT END OF PERIOD |
$ |
3,653,967 |
$ |
64,515,786 |
$ |
2,649,291 |
$ |
1,135,194 |
$ |
2,153,349 |
$ |
11,022,616 |
$ |
213,489,693 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See accompanying notes to financial statements. |
[ COVER ] |
[ INDEX ]
|
|
|
BERGEN BRUNSWIG PRE-TAX INVESTMENT RETIREMENT ACCOUNT |
|
|
|
|
|
|
|
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS |
|
|
|
FOR THE PERIOD FROM JANUARY 1, 1997 TO SEPTEMBER 29, 1997 |
|
|
|
|
|
|
|
|
SUPPLEMENTAL INFORMATION BY FUND |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MERRILL |
|
|
|
|
|
|
|
|
|
|
GEORGE |
|
|
|
LYNCH |
|
MERRILL |
|
MERRILL |
|
|
|
|
FIDELITY |
|
PUTNAM |
|
COMPANY |
|
GLOBAL |
|
LYNCH |
|
LYNCH |
|
|
|
|
MAGELLAN |
|
FUND |
|
STOCK |
|
ALLOCATION |
EQUITY INDEX |
CAPITAL |
|
|
|
|
FUND |
|
CLASS A |
|
FUND |
|
FUND A |
|
TRUST 1 |
|
FUND A |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADDITIONS: |
|
|
Contributions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Participants |
$ |
2,403,471 |
$ |
812,270 |
$ |
898,476 |
$ |
599,412 |
$ |
883,756 |
$ |
490,868 |
|
|
|
Employer |
|
717,663 |
|
227,103 |
|
301,793 |
|
156,808 |
|
174,489 |
|
131,852 |
|
|
Transfers of participant balances |
|
4,053,832 |
|
1,265,751 |
|
5,956,323 |
|
1,379,506 |
|
4,197,647 |
|
737,233 |
|
|
Interest income |
|
169,243 |
|
49,113 |
|
66,865 |
|
27,571 |
|
24,202 |
|
20,146 |
|
|
Dividend income |
|
1,200,049 |
|
357,941 |
|
225,375 |
|
158,442 |
|
- |
|
290,077 |
|
|
Participant loans |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
|
Participant loan repayments |
|
736,560 |
|
215,274 |
|
274,385 |
|
121,035 |
|
110,656 |
|
89,336 |
|
|
Net increase in fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
of investments |
|
10,294,052 |
|
2,161,656 |
|
11,744,945 |
|
718,615 |
|
2,067,365 |
|
808,048 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ADDITIONS |
|
19,574,870 |
|
5,089,108 |
|
19,468,162 |
|
3,161,389 |
|
7,458,115 |
|
2,567,560 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DEDUCTIONS: |
|
|
Withdrawals |
|
2,227,203 |
|
752,597 |
|
785,255 |
|
211,352 |
|
445,418 |
|
175,466 |
|
|
Transfers of participant |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
balances |
|
7,373,801 |
|
1,843,298 |
|
6,246,217 |
|
1,622,787 |
|
1,219,808 |
|
1,147,438 |
|
|
Administrative expenses |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
|
Participant loans |
|
1,374,736 |
|
298,979 |
|
- |
|
225,009 |
|
205,048 |
|
135,042 |
|
|
Participant loan repayments |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL DEDUCTIONS |
|
10,975,740 |
|
2,894,874 |
|
7,031,472 |
|
2,059,148 |
|
1,870,274 |
|
1,457,946 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET INCREASE (DECREASE) |
|
8,599,130 |
|
2,194,234 |
|
12,436,690 |
|
1,102,241 |
|
5,587,841 |
|
1,109,614 |
|
NET ASSETS AVAILABLE FOR |
|
|
BENEFITS AT BEGINNING OF PERIOD |
|
43,328,601 |
|
13,275,601 |
|
14,880,833 |
|
6,080,126 |
|
5,170,976 |
|
5,484,448 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET ASSETS AVAILABLE FOR |
|
|
BENEFITS AT END OF PERIOD |
$ |
51,927,731 |
$ |
15,469,835 |
$ |
27,317,523 |
$ |
7,182,367 |
$ |
10,758,817 |
$ |
6,594,062 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See accompanying notes to financial statements. |
|
|
|
|
BERGEN BRUNSWIG PRE-TAX INVESTMENT RETIREMENT ACCOUNT |
|
|
|
|
|
|
|
|
|
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
(Continued) |
|
|
|
|
FOR THE PERIOD FROM JANUARY 1, 1997 TO SEPTEMBER 29, 1997 |
|
|
|
|
|
|
|
|
|
SUPPLEMENTAL INFORMATION BY FUND |
|
|
|
|
|
|
|
|
|
|
|
|
|
MERRILL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LYNCH |
|
MERRILL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
|
LYNCH |
|
MERRILL |
|
TEMPLETON |
|
|
|
|
|
|
|
|
|
|
BOND FUND |
|
RETIREMENT |
|
LYNCH |
|
FOREIGN |
|
AIM |
|
|
|
|
|
|
|
|
INVESTMENT |
PRESERVATION |
GROWTH |
|
FUND |
CONSTELLATION |
PARTICIPANT |
|
|
|
|
|
|
GRADE A |
|
TRUST |
|
FUND A |
|
CLASS 1 |
|
FUND A |
|
LOANS |
|
TOTAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADDITIONS: |
|
|
Contributions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Participants |
$ |
272,687 |
$ |
2,645,938 |
$ |
58,857 |
$ |
33,699 |
$ |
26,711 |
$ |
- |
$ |
9,126,145 |
|
|
|
Employer |
|
70,346 |
|
1,114,009 |
|
12,095 |
|
6,535 |
|
6,669 |
|
- |
|
2,919,362 |
|
|
Transfers of participant balances |
|
225,524 |
|
9,077,582 |
|
1,911,218 |
|
2,025,376 |
|
1,313,297 |
|
- |
|
32,143,289 |
|
|
Interest income |
|
12,886 |
|
2,828,542 |
|
2,413 |
|
1,981 |
|
1,279 |
|
- |
|
3,204,241 |
|
|
Dividend income |
|
147,014 |
|
- |
|
6,637 |
|
- |
|
- |
|
- |
|
2,385,535 |
|
|
Participant loans |
|
- |
|
- |
|
- |
|
- |
|
- |
|
4,379,997 |
|
4,379,997 |
|
|
Participant loan repayments |
|
50,784 |
|
1,020,405 |
|
7,679 |
|
6,334 |
|
4,102 |
|
- |
|
2,636,550 |
|
|
Net increase in fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
of investments |
|
21,386 |
|
- |
|
201,570 |
|
41,011 |
|
67,107 |
|
- |
|
28,125,755 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ADDITIONS |
|
800,627 |
|
16,686,476 |
|
2,200,469 |
|
2,114,936 |
|
1,419,165 |
|
4,379,997 |
|
84,920,874 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DEDUCTIONS: |
|
|
Withdrawals |
|
80,235 |
|
4,941,044 |
|
- |
|
- |
|
- |
|
(155,140) |
|
9,463,430 |
|
|
Transfers of participant |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
balances |
|
896,612 |
|
9,629,338 |
|
422,323 |
|
1,334,877 |
|
406,790 |
|
- |
|
32,143,289 |
|
|
Administrative expenses |
|
- |
|
63,129 |
|
- |
|
- |
|
- |
|
- |
|
63,129 |
|
|
Participant loans |
|
103,793 |
|
2,006,708 |
|
10,868 |
|
7,656 |
|
12,158 |
|
- |
|
4,379,997 |
|
|
Participant loan repayments |
|
- |
|
- |
|
- |
|
- |
|
- |
|
2,636,550 |
|
2,636,550 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL DEDUCTIONS |
|
1,080,640 |
|
16,640,219 |
|
433,191 |
|
1,342,533 |
|
418,948 |
|
2,481,410 |
|
48,686,395 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET INCREASE (DECREASE) |
|
(280,013) |
|
46,257 |
|
1,767,278 |
|
772,403 |
|
1,000,217 |
|
1,898,587 |
|
36,234,479 |
|
NET ASSETS AVAILABLE |
|
|
FOR BENEFITS AT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BEGINNING OF PERIOD |
|
3,437,280 |
|
60,546,188 |
|
- |
|
- |
|
- |
|
8,694,913 |
|
160,898,966 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET ASSETS AVAILABLE |
|
|
FOR BENEFITS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AT END OF PERIOD |
$ |
3,157,267 |
$ |
60,592,445 |
$ |
1,767,278 |
$ |
772,403 |
$ |
1,000,217 |
$ |
10,593,500 |
$ |
197,133,445 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See accompanying notes to financial statements. |
[ COVER ]
|
[ INDEX ]
BERGEN BRUNSWIG PRE-TAX INVESTMENT RETIREMENT ACCOUNT
NOTES TO FINANCIAL STATEMENTS
FOR THE YEARS ENDED SEPTEMBER 29, 1999 AND 1998
AND THE PERIOD FROM JANUARY 1, 1997 TO SEPTEMBER 29, 1997
1. |
PLAN DESCRIPTION AND SIGNIFICANT
ACCOUNTING POLICIES |
|
|
|
|
The following brief description of the
Bergen Brunswig Pre-Tax Investment Retirement Account ("Plan") is provided
for general information purposes only. Participants should refer to the Plan
Agreement for more complete information. |
|
|
|
|
A. |
General |
|
|
|
|
|
The Plan was established effective
September 1, 1984. The Plan is a deferred compensation and profit sharing
plan covering substantially all employees of Bergen Brunswig Corporation
and its subsidiaries ("Employer") who have completed more than 30 days of
service. The Plan is subject to the provisions of the Employee Retirement
Income Security Act of 1974 ("ERISA"). The accounting records of the Plan
are maintained on the accrual basis. |
|
|
|
|
B. |
Funding Policy |
|
|
|
|
|
Participants are entitled to defer 2%
to 15% of their pre-tax compensation through contributions to the Plan up to
a maximum of $10,000 in calendar 1999. Participants are not allowed to make
any other contributions to the Plan except for rollover contributions from
other retirement plans. The Employer contributes $1.00 for each $1.00 invested
by the participant up to the participant's investment of 3% of the participant's
salary, and $0.50 for each additional $1.00 invested by the participant up to
the participant's investment of an additional 2% of the participant's salary.
All participants vest immediately in the Employer's contributions from the
first day of participation in the Plan. The Employer may also make an additional
contribution to the Plan at the Employer's discretion. Expenses of the Plan, up
to the amount of forfeitures of Employer contributions made prior to January 1,
1999 when the Plan provided for a vesting schedule, are paid by the Plan.
Expenses of the Plan in excess of Employer contribution forfeitures are paid
directly by the Employer. For the years ended September 29, 1999 and 1998
and the period from January 1, 1997 to September 29, 1997, expenses of
$213,387, $111,870 and $63,129, respectively, were paid by the Plan from
forfeitures of Employer contributions. |
|
C. |
Investments |
|
|
|
|
|
Upon joining the Plan, participants can
elect to invest their accounts in the following options: |
|
|
|
|
|
1. |
|
Fidelity Magellan Fund (primarily equity
securities); |
|
|
|
|
|
|
2. |
|
George Putnam Fund Class A (primarily debt
and equity securities); |
|
|
|
|
|
|
3. |
|
Company Stock Fund (Bergen Brunswig
Corporation Class A Common Stock); |
|
|
|
|
|
|
4. |
|
Merrill Lynch Global Allocation Fund A
(primarily United States and foreign equity, debt and money market securities);
|
|
|
|
|
|
|
5. |
|
Merrill Lynch Equity Index Trust 1
(primarily equity securities included in the Standard & Poors 500 Index);
|
|
|
|
|
|
|
6. |
|
Merrill Lynch Capital Fund A (primarily
equity, debt, convertible and money market securities); |
|
|
|
|
|
|
7. |
|
Merrill Lynch Corporate Bond Fund
Investment Grade A (primarily high-grade, taxable, fixed income securities);
|
|
|
|
|
|
|
8. |
|
Merrill Lynch Retirement Preservation
Trust (primarily broadly diversified Guaranteed Investment Contracts, U.S.
Government and U.S. Government agency and money market securities); |
|
|
|
|
|
|
9. |
|
Merrill Lynch Growth Fund A (primarily
United States and foreign equity securities); |
|
|
|
|
|
|
10. |
|
Templeton Foreign Fund Class I (primarily
foreign debt and equity securities); and |
|
|
|
|
|
|
11. |
|
AIM Constellation Fund A (primarily
equity securities). |
|
|
|
|
|
Participants have direct, daily access
to investment and account information (including change of investment
direction, fund transfers and deferral percentage) through The Merrill
Lynch Participant Service Center or through the Merril Lynch Benefits
Online SM Internet
Website. |
|
|
The Fidelity Magellan Fund, the George
Putnam Fund Class A, the Company Stock Fund, the Merrill Lynch Global
Allocation Fund A, the Merrill Lynch Equity Index Trust 1, the Merrill
Lynch Capital Fund A, the Merrill Lynch Corporate Bond Fund Investment
Grade A, the Merrill Lynch Growth Fund A, the Templeton Foreign Fund
Class 1 and the AIM Constellation Fund A are stated at fair value as
determined by quoted market prices. The Merrill Lynch Retirement
Preservation Trust is stated at cost, which approximates fair value.
Investment transactions are recorded on a trade-date basis. |
|
|
|
|
|
Participants may borrow against a
maximum of 50% of their interests in the Plan up to $50,000, except that
participants may not borrow against their interest in the Company Stock
Fund. Participants are entitled to hold two loans simultaneously: a
short-term loan (1 to 5 years) and a long-term loan (5 to 15 years).
The long-term loan applies only to the purchase of a participant's primary
residence. Such loans are shown as separate investments of the Plan, with
interest rates ranging from 7% to 10%, and are stated at cost, which
approximates fair value. |
|
|
|
|
|
The number of participants in each fund
was as follows: |
|
|
|
|
September 29, |
|
|
|
|
|
|
|
|
1999 |
|
1998 |
|
|
|
|
|
|
|
|
Fidelity Magellan Fund |
2,558 |
|
2,417 |
|
|
George Putnam Fund Class A |
1,058 |
|
1,148 |
|
|
Company Stock Fund |
1,994 |
|
1,809 |
|
|
Merrill Lynch Global |
|
|
|
|
|
|
Allocation Fund A |
591 |
|
692 |
|
|
Merrill Lynch Equity Index Trust 1 |
1,080 |
|
900 |
|
|
Merrill Lynch Capital Fund A |
681 |
|
758 |
|
|
Merrill Lynch Corporate |
|
|
|
|
|
|
Bond Fund Investment Grade A |
552 |
|
549 |
|
|
Merrill Lynch Retirement |
|
|
|
|
|
|
Preservation Trust |
5,127 |
|
4,447 |
|
|
Merrill Lynch Growth Fund A |
287 |
|
335 |
|
|
Templeton Foreign Fund Class 1 |
184 |
|
148 |
|
|
AIM Constellation Fund A |
387 |
|
269 |
|
|
Participant Loans |
1,686 |
|
1,549 |
|
|
The total number of participants in the
Plan was less than the sum of the number of participants shown above because
many were participating in more than one fund. |
|
D. |
Benefit Distribution |
|
|
|
|
A participant's account shall be
distributed in a lump sum upon retirement, less any loans outstanding.
Account withdrawals are permitted by participants who have attained age
59-1/2 or who suffer certain financial hardships and meet criteria
established by the Internal Revenue Service. All participants not eligible
for normal retirement vest in Employer contributions immediately from the
first day of participation in the Plan. Participants who retire or terminate
employment prior to retirement may elect to receive their accounts in a lump
sum distribution or leave their accounts in the Plan if such accounts aggregate
$4,000 or more. Participants are 100% vested in their own contributions at all
times. Benefit distributions are recorded when paid. |
|
|
|
|
E. |
Death and Disability Benefits |
|
|
|
|
Upon the death of a participant, the
beneficiary receives, in a lump sum, the amount in the participant's account.
Participants who become disabled will receive distributions in accordance with
normal retirement benefits. |
|
|
|
F. |
Plan Termination |
|
|
|
|
The Employer has the right at any time to
declare the Plan terminated completely or as to any of the Employer's divisions,
facilities or operational units. |
|
|
|
G. |
Estimates |
|
|
|
|
The preparation of financial statements
in conformity with generally accepted accounting principles requires
management to make estimates and assumptions that affect the reported
amounts of assets and liabilities, disclosure of contingent assets and
liabilities at the date of the financial statements, and the reported
amounts of additions and deductions during the reporting periods. Actual
results could differ from those estimates.
|
|
|
|
H. |
Other |
|
|
|
|
Certain reclassifications have been made in
the 1998 and 1997 financial statements and notes to conform to 1999 presentations. |
|
|
|
|
2. |
INCOME TAX STATUS |
|
|
|
The Internal Revenue Service has
determined and informed the Company by letter dated February 10, 1997, that the
Plan and related trust are designed in accordance with applicable sections of
the Internal Revenue Code (the "Code"). The Plan has been amended
since receiving the determination letter. However, the Plan administrator
believes that the Plan is currently designed and being operated in compliance
with the applicable requirements of the Code and the related trust was
tax-exempt as of the financial statement date. Therefore, no provision
for income taxes has been included in the Plan's financial statements. |
|
|
3. |
CHANGE IN PLAN FISCAL YEAR |
|
|
|
Effective in September 1997, the Plan
changed its fiscal year from a twelve-month period ending December 31 to a
twelve-month period ending September 29. The Statements of Changes in Net
Assets Available for Plan Benefits are presented for the twelve-month periods
ended September 29, 1999 and 1998, and the period from January 1, 1997 to
September 29, 1997. |
|
|
4. |
CHANGE IN INVESTMENT OPTIONS |
|
|
|
On June 1, 1997, the following
investment options were added to the Plan: |
|
|
|
|
|
1. |
Merrill Lynch Growth Fund A
(primarily United States and foreign equity securities); |
|
|
|
|
|
2. |
Templeton Foreign Fund Class I
(primarily foreign debt and equity securities); and |
|
|
|
|
|
3. |
AIM Constellation Fund A (primarily
equity securities). |
|
|
5. |
OTHER |
|
|
|
|
Effective January 1, 1999, the following
changes were made to the Plan: |
|
|
|
|
1. |
All participants vest immediately in
Employer contributions from the first day of participation in the Plan. |
|
|
|
|
|
2. |
The Employer contributes $1.00 for
each $1.00 contributed by the participant, up to the participant's
investment of 3% of the participant's salary and contributes $.50 for each
additional $1.00 contributed by the participant, up to the participant's
investment of an additional 2% of the participant's salary. |
|
|
|
Effective July 1, 1997, the Plan was
amended to allow employees of the Employer to join the Plan after they have
completed 30 days of service, and to entitle participants to defer 2% to
15% of their compensation through contributions to the Plan. Upon completion
of the 30-day service requirement, and unless participants direct otherwise,
participants are automatically enrolled in the Plan, deferring 2% of their
compensation through contributions to the Merrill Lynch Retirement
Preservation Trust. |
|
|
[ COVER ]
| [ INDEX ]
SUPPLEMENTAL SCHEDULE 1 |
|
BERGEN BRUNSWIG PRE-TAX INVESTMENT RETIREMENT ACCOUNT |
|
LINE 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES |
AS OF SEPTEMBER 29, 1999 |
|
|
|
DESCRIPTION OF |
|
FAIR |
|
|
IDENTITY OF ISSUE |
INVESTMENT |
|
VALUE |
|
COST |
|
|
FIDELITY MAGELLAN FUND |
Schedule |
|
$ |
68,517,674 |
|
$ |
51,352,026 |
|
|
|
|
|
|
|
|
|
GEORGE PUTNAM FUND CLASS A |
Schedule |
|
|
14,357,606 |
|
|
13,562,204 |
|
|
|
|
|
|
|
|
|
COMPANY STOCK FUND |
Schedule |
|
|
18,660,912 |
|
|
29,178,237 |
|
|
|
|
|
|
|
|
|
MERRILL LYNCH GLOBAL ALLOCATION FUND A |
Schedule |
|
|
5,410,402 |
|
|
5,272,386 |
|
|
|
|
|
|
|
|
|
MERRILL LYNCH EQUITY INDEX TRUST 1 |
Schedule |
|
|
19,482,069 |
|
|
14,135,376 |
|
|
|
|
|
|
|
|
|
MERRILL LYNCH CAPITAL FUND A |
Schedule |
|
|
6,299,621 |
|
|
6,246,342 |
|
|
|
|
|
|
|
|
|
MERRILL LYNCH CORPORATE BOND FUND |
|
|
|
|
|
|
|
|
INVESTMENT GRADE A |
Schedule |
|
|
3,727,457 |
|
|
3,903,001 |
|
|
|
|
|
|
|
|
|
MERRILL LYNCH RETIREMENT PRESERVATION TRUST |
Schedule |
|
|
62,521,312 |
|
|
62,521,312 |
|
|
|
|
|
|
|
|
|
MERRILL LYNCH GROWTH FUND A |
Schedule |
|
|
1,700,970 |
|
|
2,024,924 |
|
|
|
|
|
|
|
|
|
TEMPLETON FOREIGN FUND CLASS 1 |
Schedule |
|
|
1,204,255 |
|
|
1,183,477 |
|
|
|
|
|
|
|
|
|
AIM CONSTELLATION FUND A |
Schedule |
|
|
2,764,258 |
|
|
2,497,519 |
|
|
|
|
|
|
|
|
|
PARTICIPANT LOANS |
Schedule |
|
|
11,703,533 |
|
|
11,703,533 |
|
|
|
|
|
|
|
TOTAL INVESTMENTS |
|
|
$ |
216,350,069 |
|
$ |
203,580,337 |
|
|
|
|
|
|
|
SUPPLEMENTAL SCHEDULE 1 (DETAIL) |
|
|
BERGEN BRUNSWIG PRE-TAX INVESTMENT RETIREMENT ACCOUNT |
|
DETAIL - LINE 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES |
AS OF SEPTEMBER 29, 1999 |
|
|
|
|
|
|
FAIR |
|
|
SHARES |
|
DESCRIPTION |
|
VALUE |
|
COST |
|
|
|
|
|
|
|
|
|
|
|
|
|
567,810 |
|
|
FIDELITY MAGELLAN FUND |
|
$ |
68,517,674 |
|
$ |
51,352,026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
828,005 |
|
|
GEORGE PUTNAM FUND CLASS A |
|
$ |
14,357,606 |
|
$ |
13,562,204 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY STOCK FUND |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BERGEN BRUNSWIG CORPORATION |
|
|
|
|
|
|
1,798,642 |
|
|
CLASS A COMMON STOCK |
|
$ |
18,660,912 |
|
$ |
29,178,237 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
371,083 |
|
|
MERRILL LYNCH GLOBAL ALLOCATION FUND A |
|
$ |
5,410,402 |
|
$ |
5,272,386 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
223,495 |
|
|
MERRILL LYNCH EQUITY INDEX TRUST 1 |
|
$ |
19,482,069 |
|
$ |
14,135,376 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
191,071 |
|
|
MERRILL LYNCH CAPITAL FUND A |
|
$ |
6,299,621 |
|
$ |
6,246,342 |
|
|
|
|
|
|
|
|
SUPPLEMENTAL SCHEDULE 1 (DETAIL), CONTINUED |
|
|
BERGEN BRUNSWIG PRE-TAX INVESTMENT RETIREMENT ACCOUNT |
|
DETAIL - LINE 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES |
AS OF SEPTEMBER 29, 1999 |
|
|
|
|
|
|
|
|
FAIR |
|
|
SHARES |
|
DESCRIPTION |
|
VALUE |
|
COST |
|
|
|
|
|
MERRILL LYNCH CORPORATE BOND FUND |
|
|
|
|
|
|
344,179 |
|
|
|
INVESTMENT GRADE A |
|
$ |
3,727,457 |
|
$ |
3,903,001 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
62,521,312 |
|
|
MERRILL LYNCH RETIREMENT PRESERVATION TRUST |
|
$ |
62,521,312 |
|
$ |
62,521,312 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
78,170 |
|
|
MERRILL LYNCH GROWTH FUND A |
|
$ |
1,700,970 |
|
$ |
2,024,924 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
117,718 |
|
|
TEMPLETON FOREIGN FUND CLASS 1 |
|
$ |
1,204,255 |
|
$ |
1,183,477 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
85,660 |
|
|
AIM CONSTELLATION FUND A |
|
$ |
2,764,258 |
|
$ |
2,497,519 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PARTICIPANT LOANS |
|
|
|
|
|
|
|
|
|
PROMISSORY NOTES WITH VARIOUS DUE DATES |
|
|
|
|
|
|
11,703,533 |
|
|
|
AND INTEREST RATES FROM 7.00% TO 10.00%: |
|
$ |
11,703,533 |
|
$ |
11,703,533 |
|
|
|
|
|
|
|
|
|
[ COVER ]
| [ INDEX ]
SUPPLEMENTAL SCHEDULE 2 |
|
|
|
BERGEN BRUNSWIG PRE-TAX INVESTMENT RETIREMENT ACCOUNT |
|
LINE 27d - SCHEDULE OF REPORTABLE TRANSACTIONS |
FOR THE YEAR ENDED SEPTEMBER 29, 1999 |
|
|
|
|
|
|
NO. OF |
|
|
|
|
IDENTITY OF ISSUE |
|
TRADE TYPE |
|
TRADES |
|
AMOUNT |
|
GAIN |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FIDELITY MAGELLAN FUND |
|
Purchases |
|
795 |
|
$ |
23,079,382 |
|
|
|
|
|
Sales |
|
726 |
|
|
21,133,792 |
|
$ |
4,018,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY STOCK FUND |
|
Purchases |
|
619 |
|
|
21,570,400 |
|
|
|
|
|
Sales |
|
271 |
|
|
7,571,085 |
|
|
1,350,174 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MERRILL LYNCH RETIREMENT |
|
Purchases |
|
1,052 |
|
|
31,024,196 |
|
|
|
|
PRESERVATION TRUST |
|
Sales |
|
830 |
|
|
32,623,510 |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MERRILL LYNCH EQUITY |
|
Purchases |
|
530 |
|
|
7,669,652 |
|
|
|
|
INDEX TRUST I |
|
Sales |
|
458 |
|
|
6,467,027 |
|
|
1,099,723 |
[ COVER ]
|
[ INDEX ]
SIGNATURE
|
Pursuant to the requirements of the Securities Exchange
Act of 1934, the |
Retirement Strategy Committee has duly caused this annual
report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
BERGEN BRUNSWIG PRE-TAX
INVESTMENT RETIREMENT ACCOUNT |
|
|
|
|
|
|
|
by: |
/s/ |
Neil F. Dimick |
|
|
|
|
|
|
Neil F. Dimick
Executive Vice President,
Chief Financial Officer,
Bergen Brunswig Corporation |
March 23, 2000