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: 16,718
- Total Assets: $8.6B
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 | 16,718 | $8.6B | $300.0M | $23.1M |
| 2023 | 17,875 | $7.8B | $297.9M | $22.9M |
| 2022 | 17,382 | $6.8B | $297.9M | $25.3M |
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 |
|---|---|---|---|---|
| GRANT THORNTON LLP | Auditor | $35,000 | — | $35,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRANT THORNTON LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,000
- Estimated Expense Ratio: 0.000% 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 | $8,929,249 | — | $4,239,713 | $35,000 | — |
| 2023 | $9,354,874 | — | $4,919,181 | $46,850 | — |
| 2022 | $9,553,071 | — | $5,630,717 | — | $222,979 |