Plan Ledger DOL Form 5500 · updated monthly

Abbott Laboratories401(k) + ESOP (KSOP)

ABBOTT LABORATORIES STOCK RETIREMENT PLAN · ABBOTT PARK, IL · plan year 2024

Employer contribution per participant · 2024
$6,446

Abbott Laboratories's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $15,725,269,000 across 55,556 participant accounts, with employer contributions averaging $6,446 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 4th-largest of 3,702 plans among Illinois employers on file, and the 20th of 13,661 in manufacturing. In 2024, employees put in $1.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,725,269,000
Participants with balances55,556
Active participants38,001
Employer contributions$244,939,000
Employee contributions$412,674,000
Employer contribution per active participant$6,446
Average account balance$283,053
Benefits paid to participants$1,298,062,000
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.7B · 55,556 accts · $244.9M emplr
2023$14.4B · 55,440 accts · $206.0M emplr
2022$13.0B · 54,120 accts · $189.9M emplr
The Abbott Laboratories 401(k) match · 2024
Employer contribution per active participant$6,446
Median for plans this size$5,259
2024$6,446 per active participant
2023$5,360 per active participant
2022$4,958 per active participant

Abbott Laboratories's 2024 employer contribution ran above the $5,259 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Same employer
Similar plansManufacturing · Illinois
Pepsico, Inc. NY$16.7B · 0.01%
L3HARRIS Technologies, Inc. FL$16.3B · 0.02%
Merck & Co., Inc. NJ$15.0B · 0.00%
Dell Inc. TX$14.6B · 0.03%
Genentech, Inc. CA$14.3B · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 360698440 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.