Plan Snapshot
- Plan Sponsor: Thermo Fisher Scientific INC.
- Sponsor EIN: 042209186
- Sponsor Address: 300 INDUSTRY DRIVE, PITTSBURGH, PA, 15275
- Plan Type: 401(k)
- Total Participants: 52,390
- Total Assets: $10.3B
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 | 52,390 | $10.3B | $266.7M | $479.2M |
| 2023 | 36,150 | $7.5B | $209.6M | $360.0M |
| 2022 | 41,102 | $6.6B | $230.1M | $363.8M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $918,563 | — | $918,563 |
| NEPC LLC | INVESTMENT ADVISOR | $314,587 | — | $314,587 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $254,171 | — | $254,171 |
| BAKER & HOSTETLER LLP | ATTORNEY/LEGAL | $152,864 | — | $152,864 |
| PRICEWATERHOUSECOOPERS LLP | ACCOUNTANT/AUDITOR | $111,500 | — | $111,500 |
| PBMARES, LLP | ACCOUNTING | $43,707 | — | $43,707 |
| KELLY SERVICES LLC | CONSULTANT | $30,566 | — | $30,566 |
| AON CONSULTING, INC. | CONSULTANT | $24,254 | — | $24,254 |
| ALIGHT SOLUTIONS LLC | CONSULTANT | $9,874 | — | $9,874 |
| ATESSA BENEFITS | CONSULTANT | $6,101 | — | $6,101 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- NEPC LLC — INVESTMENT ADVISOR
- STRATEGIC ADVISORS, INC. — ADVISOR
- BAKER & HOSTETLER LLP — ATTORNEY/LEGAL
- PRICEWATERHOUSECOOPERS LLP — ACCOUNTANT/AUDITOR
- PBMARES, LLP — ACCOUNTING
- AON CONSULTING, INC. — CONSULTANT
- ALIGHT SOLUTIONS LLC — CONSULTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,866,187
- Estimated Expense Ratio: 0.018% 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 | $1,872,007 | $255,237 | $20,400 | $155,207 | — |
| 2023 | $1,485,000 | $200,000 | — | $85,000 | — |
| 2022 | $1,205,000 | $178,000 | — | — | $289,000 |