Retirement plan

THERMO FISHER SCIENTIFIC INC. 401(K) RETIREMENT PLAN

Name: THERMO FISHER SCIENTIFIC INC. - THERMO FISHER SCIENTIFIC INC. 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: THERMO FISHER SCIENTIFIC INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THERMO FISHER SCIENTIFIC INC. 401(K) RETIREMENT PLAN, THERMO FISHER SCIENTIFIC INC.

THERMO FISHER SCIENTIFIC INC.EIN 04-2209186Plan #001PY 2024

300 INDUSTRY DRIVE - PITTSBURGH, PA 15275781-622-1000

Other plans on this EIN

1 filing

#100Retirement-$894.2M assets

Prospect flagsFailed to provide benefitCorrective distributions

Top hat statement on fileNQDC

Filed December 19, 2002 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$10263.4M

+36.7% from 2023

Total participants

72,605

+38.0% from 2023

Average account balance

$150,104

+2.9% from 2023

Annual return

39.79%

+21.71 pp from 2023

Benchmarks

See 43 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants>=10,000

Cohort43 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$10.26B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$150K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

68,375

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

91.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$745.90M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+39.79%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$27

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 10 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$918,563
NEPC, LLC10+ years Filed as: NEPC LLC Service code 27 · EIN 26-1429809	Advisory (Plan)	$314,587
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$254,171
BAKER & HOSTETLER LLP8 years Service code 29 · EIN 34-0082025	Legal	$152,864
PRICEWATERHOUSECOOPERS LLP8 years Service code 10 · EIN 13-4008324	Accounting	$111,500
PBMARES, LLP1 year Service code 10 · EIN 54-0737372	Accounting	$43,707
KELLY SERVICES INC1 year Filed as: KELLY SERVICES LLC Service code 16 · EIN 47-3597831	Consulting	$30,566
AON CONSULTING1 year Filed as: AON CONSULTING, INC. Service code 16 · EIN 22-2232264	Consulting	$24,254
ALIGHT SOLUTIONS LLC3 years Service code 16 · EIN 82-1061233	Consulting	$9,874
ATESSA BENEFITS1 year Service code 16 · EIN 47-4435064	Consulting	$6,101

Plan features & details

Pension benefit codes2J2K2S2T2E3H2G2F

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.9M

$36 / participant

Recordkeeping$898K48.0%
Investment mgmt$255K13.6%
Legal$158K8.4%
Contract admin$20K1.1%
Other / not subdivided$541K28.9%

% of EOY assets

0.018%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICEWATERHOUSECOOPERS LLC
Auditor EIN: 134008324
Audit fees: $155,207
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$150,104

$96,807+55.1%

$165,071-9.1%

$106,553+40.9%

Participation rate

91.9%

79.1%+12.8pp

78.6%+13.3pp

69.8%+22.1pp

Annual return

39.79%

17.39%+22.4pp

70.17%-30.4pp

17.37%+22.4pp

Employer contribution / active EE

$5,090

$2,888+76.3%

$4,347+17.1%

$3,359+51.6%

Participant deferral / active EE

$9,147

$5,055+80.9%

$6,035+51.6%

$5,562+64.4%

Admin fee / account holder

$27

$66-58.4%

$12,695-99.8%

$80-65.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$918,563

NEPC, LLC10+ years

Filed as: NEPC LLC

Service code 27 · EIN 26-1429809

Advisory (Plan)

$314,587

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$254,171

BAKER & HOSTETLER LLP8 years

Service code 29 · EIN 34-0082025

Legal

$152,864

PRICEWATERHOUSECOOPERS LLP8 years

Service code 10 · EIN 13-4008324

Accounting

$111,500

PBMARES, LLP1 year

Service code 10 · EIN 54-0737372

Accounting

$43,707

KELLY SERVICES INC1 year

Filed as: KELLY SERVICES LLC

Service code 16 · EIN 47-3597831

Consulting

$30,566

AON CONSULTING1 year

Filed as: AON CONSULTING, INC.

Service code 16 · EIN 22-2232264

Consulting

$24,254

ALIGHT SOLUTIONS LLC3 years

Service code 16 · EIN 82-1061233

Consulting

$9,874

ATESSA BENEFITS1 year

Service code 16 · EIN 47-4435064

Consulting

$6,101

THERMO FISHER SCIENTIFIC INC. 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THERMO FISHER SCIENTIFIC INC. 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion