Plan Snapshot
- Plan Sponsor: Boston Scientific Corporation
- Sponsor EIN: 042695240
- Sponsor Address: 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH, MA, 01752
- Plan Type: 401(k)
- Total Participants: 21,923
- Total Assets: $6.8B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 21,923 | $6.8B | $144.8M | $221.7M |
| 2023 | 20,639 | $5.8B | $133.8M | $204.6M |
| 2022 | 19,881 | $4.9B | $122.7M | $187.0M |
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 |
|---|---|---|---|---|
| ERNST & YOUNG LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ERNST & YOUNG LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $2,394,003 | — | — | — | — |
| 2023 | $2,033,463 | — | — | — | — |
| 2022 | $2,476,804 | — | — | — | — |