Form 11-K
Table of Contents

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
     
þ   ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2009
OR
     
o   TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                      to                     
Commission file number 001-16671
AMERISOURCEBERGEN EMPLOYEE INVESTMENT PLAN
(Full title of the plan)
AMERISOURCEBERGEN CORPORATION
(Name of issuer of the securities held pursuant to the plan)
     
1300 Morris Drive, Chesterbrook, PA   19087-5594
     
(Address of principal executive offices of issuer of securities)   (Zip code)
 
 

 

 


Table of Contents

AmerisourceBergen Employee Investment Plan
Financial Statements and Supplemental Schedule
December 31, 2009 and 2008 and for the year ended December 31, 2009 with Report of Independent Registered Public Accounting Firm

 

 


 

AmerisourceBergen Employee Investment Plan
Financial Statements and Supplemental Schedule
December 31, 2009 and 2008 and for the year ended December 31, 2009
Table of Contents
         
    1  
 
       
Audited Financial Statements
       
 
       
    2  
 
       
    3  
 
       
    4  
 
       
Supplemental Schedule and Additional Information
       
 
       
    14  
 
       
    15  
 
       
 Exhibit 23.1

 

 


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Report of Independent Registered Public Accounting Firm
To the AmerisourceBergen Corporation Benefits Committee
We have audited the accompanying statements of net assets available for benefits of the AmerisourceBergen Employee Investment Plan as of December 31, 2009 and 2008, and the related statement of changes in net assets available for benefits for the year ended December 31, 2009. 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 the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Plan’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2009 and 2008, and the changes in its net assets available for benefits for the year ended December 31, 2009, in conformity with U.S. generally accepted accounting principles.
Our audits were performed for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2009, is presented for purposes of additional analysis and is not a required part of the financial statements but is 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 schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in our audits of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole.
/s/ Ernst & Young LLP
Philadelphia, Pennsylvania
June 21, 2010

 

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Table of Contents

AmerisourceBergen Employee Investment Plan
Statements of Net Assets Available for Benefits
                 
    As of December 31,  
    2009     2008  
Assets
               
Investments
               
Registered investment companies
  $ 244,324,798     $ 168,309,798  
Common collective trust fund
    77,414,214       77,893,230  
Common stock funds
    43,091,719       29,550,855  
Participant loans
    9,945,211       9,005,894  
 
           
Total investments
    374,775,942       284,759,777  
 
           
 
               
Receivables
               
Unsettled trades
          93,905  
Employer contributions
    3,919,948       3,672,878  
 
           
Total receivables
    3,919,948       3,766,783  
 
           
 
               
Net assets reflecting investments at fair value
    378,695,890       288,526,560  
 
               
Adjustment from fair value to contract value for interest in common collective trust relating to fully-benefit responsive investment contracts
    972,639       3,160,936  
 
           
 
               
Net assets available for benefits
  $ 379,668,529     $ 291,687,496  
 
           
See accompanying notes.

 

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AmerisourceBergen Employee Investment Plan
Statement of Changes in Net Assets Available for Benefits
Year ended December 31, 2009
         
Additions:
       
Additions to net assets attributed to:
       
Interest and dividend income
  $ 7,702,180  
Net appreciation in fair value of investments
    63,075,293  
 
 
Contributions:
       
Participant
    26,190,832  
Employer
    17,517,035  
Rollover
    1,899,735  
 
     
 
    45,607,602  
 
     
 
       
Total additions
    116,385,075  
 
     
 
       
Deductions:
       
Deductions of net assets attributed to:
       
Benefits paid to participants
    28,244,719  
Administrative expenses
    159,323  
 
     
Total deductions
    28,404,042  
 
     
 
       
Net increase
    87,981,033  
Net assets available for benefits:
       
Beginning of year
    291,687,496  
 
     
End of year
  $ 379,668,529  
 
     
See accompanying notes.

 

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AmerisourceBergen Employee Investment Plan
Notes to Financial Statements
NOTE 1 — DESCRIPTION OF PLAN
The following description of the AmerisourceBergen Employee Investment Plan (the “Plan”) provides only general information. Participants should refer to the Plan Agreement for a more complete description of the Plan’s provisions.
General
The Plan is a defined contribution plan that covers eligible employees of AmerisourceBergen Corporation and affiliated companies (collectively, the “Company”), who have at least 30 days of continuous employment or 1,000 hours of service during 12 consecutive months, beginning with the first hour of service, and are age 21 or older. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”).
Contributions
Each year, participants are entitled to contribute 1% to 25% of their pretax annual compensation, as defined in the Plan, to the extent that the contributions comply with Internal Revenue Code (“IRC”) limitations. Participants may also contribute amounts representing distributions and/or transfers from other qualified defined benefit or defined contribution plans. The Company contributes to the Plan for each participating employee an amount equal to 100% of the participant’s contributions up to 3% of eligible pretax compensation and 50% of the participant’s contributions for the next 2% of eligible pretax compensation.
Additional amounts may be contributed to each participating employee’s account for those employees currently employed by the Company on the last day of the last pay period of the Plan year, at the discretion of the Company. The Company elected to make discretionary contributions of $3,752,512 and $3,479,035 for the 2009 and 2008 Plan years, respectively.
Upon enrollment, a participant may direct the investment of employee and employer contributions to any of the Plan’s fund options. Participants may change their investment options at any time.
Participant Accounts
A separate account is maintained for each investment option of a participant by type of contribution. Each participant’s account is credited with the participant’s contributions and allocations of (a) the Company’s contributions and, (b) Plan earnings, and is charged with an allocation of (a) administrative expenses and (b) Plan losses. Allocations are based on participant earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.

 

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AmerisourceBergen Employee Investment Plan
Notes to Financial Statements
Vesting
Participants immediately vest in their own contributions and actual earnings or losses thereon.
In addition, participants are immediately vested in their Company matching contributions, and actual earnings or losses thereon. The vesting of the Company discretionary contribution, if any, is based on a graded schedule as follows:
         
    Vested  
Years of Service   Percentage  
Less than 2 years
    0 %
2 years but less than 3 years
    25 %
3 years but less than 4 years
    50 %
4 years but less than 5 years
    75 %
5 years or more
    100 %
Participant Loans
Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000, reduced by the highest outstanding loan balance in the last twelve months or 50% of their vested account balance. This amount will be transferred from the participant’s account and placed in a separate Participant Loan Fund. Interest charged on participant loans is credited to the individual participant accounts.
The term of the loan may not exceed five years unless it qualifies as a primary residence loan, in which case the loan may not exceed ten years. Participant loans are collateralized by the vested balance in the participant’s account and bear interest at the Prime Rate (as determined by the Administrator as of the date the loan is processed) plus one percent. Foreclosure on defaulted participant loans does not occur until a distributable event, as defined, occurs. At December 31, 2009 and 2008, participant loans are shown as separate investments of the Plan, with interest rates ranging from 4.0% to 10.5%.
Payment of Benefits
Upon termination of service, death, disability or retirement, the vested portion of a participant’s account, less any loans outstanding, may be distributed in a lump sum (or, in certain defined situations, in annual installments). In addition, hardship withdrawals are permitted if certain criteria are met. Hardship withdrawals require a suspension from contributions to the Plan for a period of six months after receipt of the distribution.

 

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AmerisourceBergen Employee Investment Plan
Notes to Financial Statements
Forfeited Accounts
If participants separate from service before becoming fully vested in their accounts, the portion of the account attributable to nonvested employer contributions plus/minus actual earnings or losses thereon is not forfeited until the earlier of the date the participant receives a distribution or the date the participant incurs a five-year break in service. Forfeited balances of terminated participants’ nonvested accounts are used to reduce future Company matching contributions. During the year ended December 31, 2009, employer matching contributions were reduced by $100,879 from forfeited nonvested accounts. Forfeited nonvested accounts totaled $100,114 and $62,873 at December 31, 2009 and 2008, respectively.
Plan Termination
Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, the Plan’s net assets available for benefits after Plan expenses will be distributed to each participant according to his or her account balance, which will be immediately 100% vested.
NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting
The accompanying financial statements have been prepared on the accrual basis in accordance with U.S. generally accepted accounting principles.
New Accounting Pronouncements
On December 31, 2009, the Plan adopted Accounting Standards Update (“ASU”) No. 2009-1, “Topic 105 - Generally Accepted Accounting Principles,” which amended ASC 105, “Generally Accepted Accounting Principles,” to establish the Accounting Standards Codification, (the “Codification”) as the source of authoritative GAAP recognized by the Financial Accounting Standards Board (“FASB”) to be applied by nongovernmental entities. On the effective date, the Codification superseded all then-existing accounting and reporting standards. All previous references to the superseded standards in the Plan’s financial statements have been replaced by references to the applicable sections of the Codification. The adoption of these sections did not have a material impact on the Plan’s financial statements.
In January 2010, the FASB issued ASU No. 2010-06, “Improving Disclosures about Fair Value Measurements” (“ASU No. 2010-06”), which primarily requires new disclosures related to the levels within the fair value hierarchy. An entity is required to disclose significant transfers in and out of Levels 1 and 2 of the fair value hierarchy, and separately present information related to purchases, sales, issuances, and settlements in the reconciliation of fair value measurements classified as Level 3. In addition, ASU 2010-06 amends the fair value disclosure requirement for pension and postretirement benefit plan assets to require this disclosure at the investment class level. ASU 2010-06 is effective for interim and annual reporting periods beginning after December 15, 2009, except for the disclosures related to purchases, sales, issuances and settlements for Level 3 fair value measurements, which will be effective for reporting periods beginning after December 15, 2010. Adoption of ASU 2010-06 did not have a material impact on the Plan’s financial statements.

 

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AmerisourceBergen Employee Investment Plan
Notes to Financial Statements
In September 2009, the FASB issued ASU No. 2009-12, “Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent)” (“ASU 2009-12”), which amends the Fair Value Measurements and Disclosures Topic of the FASB ASC to permit the use of net asset value per share, without further adjustment, to estimate the fair value of investments in investment companies that do not have readily determinable fair values. The net asset value per share must be calculated in a manner consistent with the measurement principles of the Financial Services — Investment Companies Topic of the FASB ASC and can be used by investors in investments such as hedge funds, private equity funds, venture capital funds, and real estate funds. If it were probable the investment will be sold for an amount other than net asset value, the investor would be required to estimate the fair value of the investment considering all of the rights and obligations of the investment and any other market available data. In addition, the amendments require enhanced disclosure for the investments within the scope of this accounting update. The accounting guidance in ASU 2009-12 is effective for periods ending after December 15, 2009, and early adoption is permitted. Adoption of ASU No. 2009-12 did not have a material impact on the Plan’s financial statements.
In October 2008, the Financial Accounting Standards Board (“FASB”) issued ASC 820-10-65-2, “Determining the Fair Value of a Financial Asset When the Market for That Asset Is Not Active,” which clarifies the application of ASC 820, “Fair Value Measurements and Disclosures,” in markets that are not active and provides an example to illustrate key considerations in determining the fair value of a financial asset when the market for an asset is not active. The guidance in ASC 820-10-65-2 was effective upon issuance, including prior periods for which financial statements had not been issued. The Plan adopted ASC 820 effective January 1, 2008. Adoption of ASC 820-10-65-2 did not have a material impact on the Plan’s financial statements.
In April 2009, the FASB issued ASC 820-10-65-4, “Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly.” ASC 820-10-65-4 supersedes ASC 820-10-65-2 and amends ASC 820 to provide additional guidance on estimating fair value when the volume and level of activity for an asset or liability have significantly decreased in relation to normal market activity for the asset or liability. ASC 820-10-65-4 also provides additional guidance on circumstances that may indicate that a transaction is not orderly and on defining major categories of debt and equity securities in meeting the disclosure requirements of ASC 820. ASC 820-10-65-4 is effective for reporting periods ending after June 15, 2009. Adoption of ASC 820-10-65-4 did not have a material impact on the Plan’s financial statements.

 

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AmerisourceBergen Employee Investment Plan
Notes to Financial Statements
Use of Estimates
The preparation of financial statements, in conformity with U.S. generally accepted accounting principles, requires management to make estimates that affect the amounts reported in the financial statements, accompanying notes, and supplemental schedule. Actual results could differ from those estimates.
Investment Valuation and Income Recognition
The Plan’s investments are stated at fair value. Shares of Registered Investment Companies are quoted at market prices, which represent the net asset value of shares held by the Plan at year-end. The Plan’s interest in the Common Collective Trust Fund is valued based on information reported by the investment advisor using the audited financial statements of the Common Collective Trust Fund at year-end. The AmerisourceBergen Common Stock Fund is valued at its year-end closing price (constituting market value of shares owned, plus un-invested cash position). Participant Loans are valued at their outstanding balances, which approximate fair value.
As described in ASC 946-210-45-9, “Fully Benefit-Responsive Investment Contracts,” investment contracts held by a defined contribution plan are required to be reported at fair value. However, contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined contribution plan attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. The Plan invests in investment contracts through a common collective trust, Fidelity Managed Income Portfolio II Class II. As required by ASC 946-210-45-9, the statements of net assets available for benefits present the fair value of the plan’s holdings of Fidelity Managed Income Portfolio II Class II as of December 31, 2009 and 2008, and the adjustment from fair value to contract value. The fair value of the Plan’s interest in the Fidelity Managed Income Portfolio II Class II is based on information reported by the issuer of the common collective trust at year-end. The contract value of Fidelity Managed Income Portfolio II Class II represents contributions plus earnings, less participant withdrawals and administrative expenses.
Purchases and sales of investments are recorded on a trade-date basis. Interest income is accrued when earned. Dividend income is recorded on the ex-dividend date. Capital gain distributions are recorded as a component of dividend income.
Payment of Benefits
Benefits are recorded when paid.

 

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AmerisourceBergen Employee Investment Plan
Notes to Financial Statements
NOTE 3 — FAIR VALUE MEASUREMENTS
Effective January 1, 2008 the Plan adopted ASC 820, “Fair Value Measurements and Disclosures.” ASC 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurements). Adoption of ASC 820 did not have a material impact on the Plan’s financial statements.
The three levels of the fair value hierarchy under ASC 820 are described below:
Level 1    Financial assets and liabilities whose values are based on unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.
 
Level 2    Financial assets and liabilities whose values are based on the following:
  a)   Quoted prices for similar assets or liabilities in active markets;
 
  b)   Quoted prices for identical or similar assets or liabilities in non-active markets;
 
  c)   Pricing models whose inputs are observable for substantially the full term of the asset or liability;
 
  d)   Pricing models whose inputs are derived principally from or corroborated by observable market data through correlation or other means for substantially the full term of the asset or liability.
Level 3    Financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable. These inputs reflect management’s own judgment about the assumptions a market participant would use in pricing the asset or liability.

 

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AmerisourceBergen Employee Investment Plan
Notes to Financial Statements
Below are the Plan’s financial instruments carried at fair value on a recurring basis by their ASC 820 fair value hierarchy levels:
                                 
As of December 31, 2009  
            Level 1     Level 2        
            Quoted Prices     Significant     Level 3  
            in Active     Other     Significant  
    Total Fair     Markets For     Observable     Unobservable  
Investments   Value     Identical Assets     Inputs     Inputs  
Registered Investment Companies:
                               
Equity Funds
    143,327,270       143,327,270              
Blended Funds
    73,272,347       73,272,347              
Bond Fund
    27,725,181       27,725,181              
Common Stock Fund
    43,091,719       43,091,719              
Common Collective Trust Fund
    77,414,214             77,414,214        
Participant Loans
    9,945,211                   9,945,211  
                                 
As of December 31, 2008  
            Level 1     Level 2        
            Quoted Prices     Significant     Level 3  
            in Active     Other     Significant  
    Total Fair     Markets For     Observable     Unobservable  
Investments   Value     Identical Assets     Inputs     Inputs  
Registered Investment Companies:
                               
Equity Funds
    100,868,931       100,868,931              
Blended Funds
    46,156,228       46,156,228              
Bond Fund
    21,284,639       21,284,639              
Common Stock Funds
    29,550,855       29,550,855              
Common Collective Trust Fund
    77,893,230             77,893,230        
Participant Loans
    9,005,894                   9,005,894  
The table below sets forth a summary of changes in the fair value of the Plan’s Level 3 investment assets and liabilities for the year ended December 31, 2009:
                         
    Beginning     Purchases, Sales, Issuances,     Ending Fair  
Investment   Fair Value     Settlements, Net     Value  
Participant Loans
  $ 9,005,894     $ 939,317     $ 9,945,211  

 

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AmerisourceBergen Employee Investment Plan
Notes to Financial Statements
NOTE 4 — RELATED PARTY TRANSACTIONS
The Plan invests in shares of registered investment companies and a common collective trust fund managed by an affiliate of Fidelity Management Trust Company (“Fidelity”). Fidelity acts as trustee for investments in the Plan. Transactions in such investments qualify as party-in-interest transactions and are exempt from the prohibited transaction rules.
The plan held investments in AmerisourceBergen common stock with a fair value of $43,091,719 and $29,550,831 as of December 31, 2009 and 2008, respectively. Dividends of $411,532 were received during the year ended December 31, 2009.
NOTE 5 — INVESTMENTS
The individual investments that represent 5% or more of the Plan’s net assets available for benefits are as follows:
                 
    December 31,  
    2009     2008  
Legg Mason Value Trust Fund, Inc. — Financial Intermediary Class
  $ 21,567,746     $ 14,909,897  
Fidelity Growth Company Fund
    29,287,785       19,256,604  
Fidelity Diversified International Fund
    28,099,709       20,318,146  
Fidelity Freedom 2020 Fund
    21,729,257       16,463,506  
Fidelity Managed Income Portfolio II Class II (stated at contract value)
    78,386,853       81,054,166  
AmerisourceBergen Common Stock Fund
    43,091,719       29,550,831  
PIMCO Total Return Fund — Institutional Class
    27,725,181       21,284,639  
During the year ended December 31, 2009, the Plan’s investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated in value as follows:
         
Registered investment companies
  $ 49,278,096  
Common stock funds
    13,797,197  
 
     
 
  $ 63,075,293  
 
     
The investment objective of the Fidelity Managed Income Portfolio II Class II (“MIP II”) is to seek the preservation of capital. To achieve its investment objective, MIP II invests in assets (typically fixed-income securities or bond funds and may include derivative instruments such as futures contracts and swap agreements) and enters into “wrapper” contracts issued by third-parties, and invests in cash equivalents represented by shares in a money market fund. MIP II seeks to minimize its exposure to wrap credit risk through, among other means, diversification of the wrap contracts across an approved group of issuers. MIP II’s ability to receive amounts due pursuant to these contracts is dependent upon the issuer’s ability to meet their financial obligations. The Plan is required to provide Fidelity with advance notification in the event that it elects to fully liquidate its investment in MIP II.

 

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AmerisourceBergen Employee Investment Plan
Notes to Financial Statements
NOTE 6 — TAX STATUS
The Plan has received a determination letter from the Internal Revenue Service (“IRS”) dated May 5, 2008, stating that the Plan is qualified under Section 401(a) of the IRC and, therefore, the related trust is exempt from taxation. Subsequent to this determination by the IRS, the Plan was amended. Once qualified, the Plan is required to operate in conformity with the IRC to maintain its qualification. The Plan administrator believes the Plan is being operated in compliance with the applicable requirements of the IRC and, therefore, believes that the Plan, as amended, is qualified and the related trust is tax-exempt.
NOTE 7 — RISKS AND UNCERTAINTIES
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits.
NOTE 8 — RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500
The following is a reconciliation of net assets available for benefits per the financial statements to Form 5500:
                 
    December 31,  
    2009     2008  
Net assets available for benefits per the financial statements
  $ 379,668,529     $ 291,687,496  
Adjustment from contract value to fair value for interest in common collective trust relating to fully-benefit responsive investment contracts
    (972,639 )     (3,160,936 )
Participant loans deemed distributed
    (158,150 )     (116,893 )
 
           
Net assets available for benefits per Form 5500
  $ 378,537,740     $ 288,409,667  
 
           

 

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AmerisourceBergen Employee Investment Plan
Notes to Financial Statements
The following is a reconciliation of benefits paid to participants per the financial statements to Form 5500:
         
    Year Ended  
    December 31,  
    2009  
 
 
Benefits paid to participants per the financial statements
  $ 28,244,719  
Add: Amounts allocated on Form 5500 to deemed distributions of participant loans
    71,119  
Less: Amounts allocated on Form 5500 to repayments on participant loans previously deemed distributed
    (29,862 )
 
     
Benefits paid to participants per Form 5500
  $ 28,285,976  
 
     

 

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Schedule 1
AmerisourceBergen Employee Investment Plan
EIN: 23-2353106 Plan: 010
Schedule H, line 4i — Schedule of Assets (Held At End of Year)
December 31, 2009
                 
        Description of Investment, Including      
    Identity of Issue, Borrower, Lessor, or Similar   Maturity Date, Rate of Interest,      
    Party   Collateral, Par or Maturity Value   Current Value  
   
 
           
*  
Fidelity Diversified International Fund
  Registered Investment Company   $ 28,099,709  
*  
Fidelity Growth Company Fund
  Registered Investment Company     29,287,785  
*  
Fidelity Low-Priced Stock Fund
  Registered Investment Company     10,517,121  
*  
Fidelity Freedom Income Fund
  Registered Investment Company     1,578,751  
*  
Fidelity Freedom 2000 Fund
  Registered Investment Company     938,495  
*  
Fidelity Freedom 2005 Fund
  Registered Investment Company     274,021  
*  
Fidelity Freedom 2010 Fund
  Registered Investment Company     4,715,126  
*  
Fidelity Freedom 2015 Fund
  Registered Investment Company     4,203,852  
*  
Fidelity Freedom 2020 Fund
  Registered Investment Company     21,729,257  
*  
Fidelity Freedom 2025 Fund
  Registered Investment Company     5,434,114  
*  
Fidelity Freedom 2030 Fund
  Registered Investment Company     12,384,049  
*  
Fidelity Freedom 2035 Fund
  Registered Investment Company     6,436,015  
*  
Fidelity Freedom 2040 Fund
  Registered Investment Company     9,361,112  
*  
Fidelity Freedom 2045 Fund
  Registered Investment Company     4,248,885  
*  
Fidelity Freedom 2050 Fund
  Registered Investment Company     1,968,670  
*  
Fidelity Spartan U.S. Equity Index Fund
  Registered Investment Company     14,109,866  
   
Allianz NFJ Dividend Value Fund — Institutional Class
  Registered Investment Company     13,918,978  
   
Legg Mason Value Trust, Inc. — Financial Intermediary Class
  Registered Investment Company     21,567,746  
   
Morgan Stanley Institutional Fund, Inc. Small Company Growth Portfolio — Class P
  Registered Investment Company     6,629,114  
   
Munder Mid-Cap Core Growth Fund — Class Y
  Registered Investment Company     11,905,097  
   
PIMCO Total Return Fund — Institutional Class
  Registered Investment Company     27,725,181  
   
RS Value Fund — Class A Shares
  Registered Investment Company     7,291,854  
*  
Fidelity Managed Income Portfolio II Class II
  Common Collective Trust Fund     77,414,214  
*  
AmerisourceBergen Common Stock Fund
  Common Stock Fund     43,091,719  
*  
Participant Loans
  Interest rates from 4.0% to 10.5%     9,945,211  
   
 
         
   
 
           
Total  
 
      $ 374,775,942  
   
 
         
     
*   Party in Interest
Note: Cost information has not been presented as all investments are participant directed.

 

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Table of Contents

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the Plan) have duly caused this annual report to be signed on its behalf by the undersigned thereunto duly authorized.
         
  AmerisourceBergen Employee Investment Plan
 
 
  By:   /s/ June Barry    
    June Barry   
    Senior Vice President,
Human Resources
AmerisourceBergen Corporation 
 
June 21, 2010

 

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