Plan Snapshot
- Plan Sponsor: Thermo Fisher Scientific INC.
- Sponsor EIN: 042209186
- Sponsor Address: 300 INDUSTRY DRIVE, PITTSBURGH, PA, 152751001
- Plan Type: DB
- Total Participants: 1,313
- Total Assets: $894.2M
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 | 1,313 | $894.2M | $0 | $0 |
| 2023 | 1,517 | $947.4M | $0 | $0 |
| 2022 | 1,679 | $937.0M | $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 |
|---|---|---|---|---|
| AON HEWITT CONSULTING, INC | ACTUARIAL/ RECORDKEEPING | $1,366,000 | — | $1,366,000 |
| AON INVESTMENTS USA INC. | INVESTMENT CONSULTING | $861,000 | — | $861,000 |
| THE BANK OF NEW YORK MELLON | TRUSTEE | $553,000 | — | $553,000 |
| PRICEWATERHOUSECOOPERS LLP | AUDITOR | $77,000 | — | $77,000 |
| BAKERHOSTETLER | LEGAL | $44,000 | — | $44,000 |
| ALIGHT FINANCIAL SOLUTIONS, LLC | RECORDKEEPER | $24,000 | — | $24,000 |
| Q&F BENEFIT ADMINISTRATION | CONTRACT ADMINISTRATOR | $12,000 | — | $12,000 |
| ATESSA BENEFITS | CONSULTING | $8,000 | — | $8,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AON HEWITT CONSULTING, INC — ACTUARIAL/ RECORDKEEPING
- PRICEWATERHOUSECOOPERS LLP — AUDITOR
- BAKERHOSTETLER — LEGAL
- ALIGHT FINANCIAL SOLUTIONS, LLC — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,945,000
- Estimated Expense Ratio: 0.329% 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 | $4,574,000 | $861,000 | — | $77,000 | — |
| 2023 | $4,850,000 | $853,000 | — | $77,000 | — |
| 2022 | $4,429,000 | $760,000 | — | — | $2,141,000 |