AbbVie 401(k) Plan

Officially: ABBVIE SAVINGS PLAN

The AbbVie Savings Plan covered 39,371 total participants as of year-end 2024, with 38,275 holding account balances and total plan assets of approximately $13.39 billion. Empower Retirement serves as recordkeeper and Empower Trust Company, LLC serves as custodian and trustee. The plan operates under two contribution structures -- a legacy formula for participants hired before January 1, 2022, and the AbbVie Savings Plan Plus (ASP+) formula with automatic enrollment for those hired on or after that date. The investment menu is built primarily around State Street collective trust target-date and index funds, with AbbVie common stock as a meaningful holding (approximately $2.19 billion).

Participants: 37,767 Plan assets: $13,388,913,371 Plan number: 001 Form 5500 plan year: 2024 Last verified: May 29, 2026 View Form 5500
Employer match
100% match on the first 6% of eligible pay for ASP+ participants (hired on or after January 1, 2022)
Investment options
26
funds in the lineup
Auto-enrollment
ASP+ participants who do not affirmatively enroll or opt out within 30 days of hire or eligibility are automatically enrolled at a 3% pre-tax contribution rate; default fund and escalation not disclosed in the 2024 filing.

By Zac Murphy, CFA charterholder and CFP professional. Published May 29, 2026. Verified against Form 5500 plan year 2024.

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Fund lineup

Fund Asset Class Type
AbbVie Inc. Common Shares Company Stock Other
Abbott Laboratories Common Shares Company Stock Other
Vanguard Federal Money Market Money Market Active
Capital Group EuroPacific Growth Trust, Class U2 International Equity Active
Capital Group Growth Fund of America, Class U4 US Large Cap Active
Capital Group Washington Mutual Investors Trust, Class U3 US Large Cap Active
Diamond Hill Small/Mid-Cap Portfolio US Small Cap Active
Galliard Stable Return Fund W Stable Value Other
Galliard Managed Income Fund Core Stable Value Other
State Street Target Retirement 2020 Securities Lending Series Fund Class IV Target-date Other
State Street Target Retirement 2025 Securities Lending Series Fund Class IV Target-date Other
State Street Target Retirement 2030 Securities Lending Series Fund Class IV Target-date Other
State Street Target Retirement 2035 Securities Lending Series Fund Class IV Target-date Other
State Street Target Retirement 2040 Securities Lending Series Fund Class IV Target-date Other
State Street Target Retirement 2045 Securities Lending Series Fund Class IV Target-date Other
State Street Target Retirement 2050 Securities Lending Series Fund Class IV Target-date Other
State Street Target Retirement 2055 Securities Lending Series Fund Class IV Target-date Other
State Street Target Retirement 2060 Securities Lending Series Fund Class IV Target-date Other
State Street Target Retirement 2065 Securities Lending Series Fund Class IV Target-date Other
State Street Target Retirement Income Securities Lending Series Fund Class IV Target-date Other
State Street Global Allcap Equity Ex-US Index Securities Lending Series Fund Class II International Equity Index
State Street Russell Small/Mid Index Securities Lending Series Fund Class II US Small Cap Index
State Street S&P 500 Index Securities Lending Series Fund Class II US Large Cap Index
State Street US Bond Index Securities Lending Series Fund Class XIV US Bonds Index
TCW Metwest Total Return Bond Fund Class A US Bonds Active
Self-Directed Brokerage Account Other Other

Why our allocations use only index funds

The actively managed funds in this plan cost more per year than the plan's index funds, which run roughly 0.02% to 0.06%. Decades of research on long-term active fund performance do not support reliable outperformance net of fees, which is why the allocation ideas below may consider using only the low-cost index options.

Employer match

Match summary
100% match on the first 6% of eligible pay for ASP+ participants (hired on or after January 1, 2022)
Match cap 100% of pay
Effective match rate 6%
Vesting Matching contributions vest 100% after 2 years of credited service; ASP+ annual employer contributions vest gradually (20% per year, fully vested after 5 years).
Waiting period Eligible employees may participate after their date of hire; ASP+ auto-enrollment begins after a 30-day period from hire
$
Contribute this much to capture the full match
100% of your eligible pay, every paycheck.

100% match on the first 6% of eligible pay for ASP+ participants (hired on or after January 1, 2022) Contributing less than 100% of your eligible pay leaves part of AbbVie Inc's match unclaimed.

What the match is worth at your pay After 1 year of service, contributing 100%
Annual pay Your contribution Employer match Total to 401(k)

Estimates assume a constant salary and the match formula shown above. Your actual match depends on your plan's exact terms.

The cost of contributing only --%

On a $60,000 salary, contributing just half the match threshold would leave about -- in employer match unclaimed each year. Invested over 20 years at a hypothetical 7% annual return, that forgone match could have grown to roughly -- (a hypothetical illustration, not a projection). The match is the highest-return contribution you will make all year.

Sources

  • Plan metadata (employer, participants, assets, plan year): Form 5500 annual return/report, plan year 2024 -- view filing
  • Summary Plan Description (SPD) and fee disclosure (404a-5), where available from the plan administrator.

This page is for educational purposes only and does not constitute investment, tax, or legal advice, nor a recommendation to buy or sell any security. Information is drawn from public Form 5500 filings and plan documents and may be incomplete or out of date. You may consider consulting a qualified professional and confirming all details with your plan administrator before making decisions. Waterfall Planning is not affiliated with AbbVie Inc.

Find your risk profile

Answer 13 questions to see which allocation fits your situation.

Question 1 of 13

Risk assessment methodology based on Grable, J. E., & Lytton, R. H. (1999). Financial risk tolerance revisited: The development of a risk assessment instrument. Financial Services Review, 8, 163-181.

Allocation ideas

Five sample mixes built from this plan's funds, from conservative to growth. Take the assessment above to see which one fits your risk profile.

Recommended for you (based on your risk profile)
Conservative
Conservative

Capital preservation with minimal market exposure, built from bonds and stable value.

US equity   International   Bonds   Stable value
State Street US Bond Index Securities Lending Series Fund Class XIV 70%
Vanguard Federal Money Market 30%
0% stocks / 100% bonds
Recommended for you (based on your risk profile)
Income & A Little Growth
Income & A Little Growth

Mostly bonds with a small stock sleeve for modest growth.

US equity   International   Bonds   Stable value
State Street US Bond Index Securities Lending Series Fund Class XIV 49%
Vanguard Federal Money Market 21%
State Street S&P 500 Index Securities Lending Series Fund Class II 19%
State Street Global Allcap Equity Ex-US Index Securities Lending Series Fund Class II 8%
State Street Russell Small/Mid Index Securities Lending Series Fund Class II 3%
30% stocks / 70% bonds
Recommended for you (based on your risk profile)
Balanced
Balanced

A classic 60/40 split of stocks and bonds.

US equity   International   Bonds   Stable value
State Street S&P 500 Index Securities Lending Series Fund Class II 39%
State Street US Bond Index Securities Lending Series Fund Class XIV 28%
State Street Global Allcap Equity Ex-US Index Securities Lending Series Fund Class II 15%
Vanguard Federal Money Market 12%
State Street Russell Small/Mid Index Securities Lending Series Fund Class II 6%
60% stocks / 40% bonds
Recommended for you (based on your risk profile)
Growth & Income
Growth & Income

Stock-heavy with a bond cushion for a long horizon.

US equity   International   Bonds   Stable value
State Street S&P 500 Index Securities Lending Series Fund Class II 52%
State Street Global Allcap Equity Ex-US Index Securities Lending Series Fund Class II 20%
State Street US Bond Index Securities Lending Series Fund Class XIV 14%
State Street Russell Small/Mid Index Securities Lending Series Fund Class II 8%
Vanguard Federal Money Market 6%
80% stocks / 20% bonds
Recommended for you (based on your risk profile)
Growth
Growth

All stocks for maximum long-term growth potential, with higher short-term volatility.

US equity   International   Bonds   Stable value
State Street S&P 500 Index Securities Lending Series Fund Class II 65%
State Street Global Allcap Equity Ex-US Index Securities Lending Series Fund Class II 25%
State Street Russell Small/Mid Index Securities Lending Series Fund Class II 10%
100% stocks / 0% bonds
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These allocation ideas are educational illustrations built from this plan's available funds and a standard risk-tolerance assessment. They are not personalized investment advice or a recommendation, and risk tolerance is only one factor in an investment decision. You may consider consulting a qualified professional before making changes to your account.