Plan Snapshot
- Plan Sponsor: Abbott Laboratories
- Sponsor EIN: 360698440
- Sponsor Address: CORPORATE BENEFITS, D-589, AP6B-2, ABBOTT PARK, IL, 600646222
- Plan Type: DB
- Total Participants: 161
- Total Assets: $4.2B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 161 | $4.2B | $0 | $0 |
| 2023 | 168 | $4.0B | $0 | $0 |
| 2022 | 172 | $3.7B | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WELLINGTON TRUST COMPANY | Other Service Provider | $2,062,903 | — | $2,062,903 |
| BRANDYWINE GLOBAL INVESTMENT LLC | Other Service Provider | $1,712,072 | — | $1,712,072 |
| GMO LLC | Other Service Provider | $1,637,561 | — | $1,637,561 |
| MIDOCEAN CREDIT FUND MGMT, LP | Other Service Provider | $1,456,561 | — | $1,456,561 |
| WESTLAKE FINANCIAL GROUP | Other Service Provider | $1,325,348 | — | $1,325,348 |
| JENNISON ASSOCIATES LLC | Other Service Provider | $1,239,551 | — | $1,239,551 |
| ALIGHT SOLUTIONS LLC | Recordkeeper | $1,127,076 | — | $1,127,076 |
| ALIGNED INVESTORS GLOBAL | Other Service Provider | $954,475 | — | $954,475 |
| THE NORTHERN TRUST COMPANY | Other Service Provider | $752,891 | — | $752,891 |
| GRANITE INVESTMENT PARTNERS | Other Service Provider | $595,994 | — | $595,994 |
| LOOMIS SAYLES | Other Service Provider | $457,249 | — | $457,249 |
| CLIFFWATER LLC | Other Service Provider | $250,000 | — | $250,000 |
| AON CONSULTING | Recordkeeper | $174,851 | — | $174,851 |
| BURGISS GROUP LLC | Other Service Provider | $70,985 | — | $70,985 |
| GRANT THORNTON LLP | Auditor | $36,500 | — | $36,500 |
| GRANT THORNTON ADVISORS LLC | Other Service Provider | $10,300 | — | $10,300 |
| MCDERMOTT WILL & EMERY | Other Service Provider | $8,233 | — | $8,233 |
| SHANNON ASSOCIATES | Other Service Provider | $6,350 | — | $6,350 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS LLC — Recordkeeper
- AON CONSULTING — Recordkeeper
- GRANT THORNTON LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,878,900
- Estimated Expense Ratio: 0.328% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $16,403,979 | $11,841,055 | — | $36,500 | — |
| 2023 | $15,218,535 | $10,327,305 | — | $45,525 | — |
| 2022 | $15,474,112 | $11,037,051 | — | — | $221,633 |