Plan Ledger DOL Form 5500 · updated monthly

Thermo Fisher Scientific, Inc.401(k)

THERMO FISHER SCIENTIFIC INC. 401(K) RETIREMENT PLAN · PITTSBURGH, PA · plan year 2025

Reported admin expense ratio · 2025
0.02%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Thermo Fisher Scientific, Inc. reported $2,255,020 in plan administrative expenses for 2025: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,575 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio rose from 0.017% to 0.021%. The plan sits in the over $1B size bracket, benchmarked here against 141 comparable plans and shown alongside other wholesale trade employers. By assets it is the 3rd-largest of 3,651 plans among Pennsylvania employers on file, and the 2nd of 4,246 in wholesale trade. In 2025, employees put in $1.80 for every $1.00 the employer contributed; active participation has grown from 41,102 to 49,247 since 2022.

Plan summary
Net assets, end of year$11,682,943,608
Participants with balances68,126
Active participants49,247
Employer contributions$274,534,701
Employee contributions$494,425,407
Employer contribution per active participant$5,575
Average account balance$171,490
Benefits paid to participants$1,117,724,450
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$11.7B · 68,126 accts · $274.5M emplr
2024$10.3B · 68,375 accts · $266.7M emplr
2023$7.5B · 51,462 accts · $209.6M emplr
2022$6.6B · 55,419 accts · $230.1M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$1,297,565
Investment management$707,782
Audit (IQPA)$126,565
Total administrative$2,255,020
The Thermo Fisher Scientific, Inc. 401(k) match · 2025
Employer contribution per active participant$5,575
Median for plans this size$5,084
2025$5,575 per active participant
2024$5,090 per active participant
2023$5,797 per active participant
2022$5,597 per active participant

Thermo Fisher Scientific, Inc.'s 2025 employer contribution ran above the $5,084 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.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20258
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,297,565
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$510,579
NEPC LLC · Investment advisory (plan)$197,203
BAKER & HOSTETLER LLP · Legal$93,019
PRICEWATERHOUSECOOPERS LLP · Accounting / audit$85,300
PBMARES, LLP · Accounting / audit$41,265
AON CONSULTING, INC. · Consulting$18,885
ATESSA BENEFITS · Other services$5,200

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$2,255,020 · 0.02%
2024$1,872,007 · 0.02%
2023$1,485,000 · 0.02%
2022$1,205,000 · 0.02%
Same employer
Similar plansWholesale Trade · Pennsylvania
Cargill, Incorporated MN$8.9B · 0.04%
Nike, Inc. OR$5.9B · 0.04%
McKesson Corporation TX$5.7B · 0.02%
Sysco Corporation TX$5.2B · 0.05%
Cencora, Inc. PA$2.4B · 0.04%
Ricoh USA, Inc. PA$2.2B · 0.05%
Wesco Distribution, Inc. PA$1.9B · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042209186 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.