Retirement plan

THERMO FISHER SCIENTIFIC INC. 401(K) RETIREMENT PLAN

Name: THERMO FISHER SCIENTIFIC, INC. - THERMO FISHER SCIENTIFIC INC. 401(K) RETIREMENT PLAN (2022) 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 2022

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

Other plans on this EIN

1 filing

#100Retirement-$937.0M assets

Prospect flagsNo flags tripped

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)

$6601.2M

-14.5% from 2021

Total participants

56,856

+5.9% from 2021

Average account balance

$119,115

-20.8% from 2021

Annual return

-16.41%

-32.94 pp from 2021

Benchmarks

See 38 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants>=10,000

Cohort38 peers

Snapshot2022

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 7 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC8+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$738,000
NEPC, LLC5 years Service code 16 PO BOX 4110 · WOBURN, MA 01888	Consulting	$178,000
ALTERITY GROUP1 year Filed as: ALTERITY GROUP LLC Service code 16 1320 19TH STREET NW, SUITE 700 · WASHINGTON, DC 20036	Consulting	$101,000
BAKER & HOSTETLER LLP6 years Service code 29 PO BOX 70189 · CLEVELAND, OH 44190	Legal	$90,000
PRICEWATERHOUSECOOPERS LLP6 years Service code 10 PO BOX 7247-8001 · PHILADELPHIA, PA 19170	Accounting	$82,000
HAGER STRATEGIC1 year Service code 16 1320 19TH STREET NW, SUITE 700 · WASHINGTON, DC 20036	Consulting	$10,000
ALIGHT SOLUTIONS LLC1 year Service code 16 PO BOX 95135 · CHICAGO, IL 60694	Consulting	$6,000

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$29 / participant

Investment mgmt$178K14.8%
Other / not subdivided$1M85.2%

% of EOY assets

0.018%

all-in expense ratio

Categories reported

1 / 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: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$119,115

$80,242+48.4%

$119,622-0.4%

$89,433+33.2%

Participation rate

96.5%

78.3%+18.2pp

79.3%+17.2pp

71.3%+25.2pp

Annual return

-16.41%

-12.97%-3.4pp

-14.98%-1.4pp

-11.88%-4.5pp

Employer contribution / active EE

$5,597

$2,684+108.5%

$4,232+32.3%

$3,021+85.3%

Participant deferral / active EE

$8,852

$4,686+88.9%

$5,601+58.0%

$5,125+72.7%

Admin fee / account holder

$22

$66-67.2%

$10,328-99.8%

$79-72.6%

Provider

Service type

Compensation

T ROWE PRICE RPS INC8+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$738,000

NEPC, LLC5 years

Service code 16

PO BOX 4110 · WOBURN, MA 01888

Consulting

$178,000

ALTERITY GROUP1 year

Filed as: ALTERITY GROUP LLC

Service code 16

1320 19TH STREET NW, SUITE 700 · WASHINGTON, DC 20036

Consulting

$101,000

BAKER & HOSTETLER LLP6 years

Service code 29

PO BOX 70189 · CLEVELAND, OH 44190

Legal

$90,000

PRICEWATERHOUSECOOPERS LLP6 years

Service code 10

PO BOX 7247-8001 · PHILADELPHIA, PA 19170

Accounting

$82,000

HAGER STRATEGIC1 year

Service code 16

1320 19TH STREET NW, SUITE 700 · WASHINGTON, DC 20036

Consulting

$10,000

ALIGHT SOLUTIONS LLC1 year

Service code 16

PO BOX 95135 · CHICAGO, IL 60694

Consulting

$6,000

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