THERMO FISHER SCIENTIFIC INC. 401(K) RETIREMENT PLAN

The Thermo Fisher Scientific Inc. 401(k) Retirement Plan is a large defined contribution plan with 68,375 participant accounts and $10.26 billion in net assets at year-end 2024. Fidelity Management Trust Company became the trustee on January 1, 2024, replacing T. Rowe Price, though T. Rowe Price Retirement Active Trust target-date funds remain the core of the lineup alongside State Street index CITs and a small set of active equity and fixed-income options. The menu combines an active glidepath default with low-cost index building blocks across U.S. large cap, small/mid cap, international, bonds, and TIPS, plus a T. Rowe Price stable value option and company stock.

Participants: 52,601 Plan assets: $10,263,366,209 Plan number: 001 Form 5500 plan year: 2024 Last verified: May 24, 2026 View Form 5500
Employer match
100% match on first 6% of pay, after 1 year of service
Investment options
30
funds in the lineup
Auto-enrollment
Auto-enrolled at 3% of eligible compensation, invested in a designated asset allocation trust fund (target-date default) until changed by the participant

By Zac Murphy, CFA charterholder and CFP professional. Published May 24, 2026. Verified against Form 5500 plan year 2024.

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Fund lineup

Fund Asset Class Type
Dodge & Cox Stock Fund Class X US Large Cap Active
Vanguard Treasury Money Market Fund Investor Shares Money Market Other
T. Rowe Price Retirement 2005 Active Trust Class K Target-date Active
T. Rowe Price Retirement 2010 Active Trust Class K Target-date Active
T. Rowe Price Retirement 2015 Active Trust Class K Target-date Active
T. Rowe Price Retirement 2020 Active Trust Class K Target-date Active
T. Rowe Price Retirement 2025 Active Trust Class K Target-date Active
T. Rowe Price Retirement 2030 Active Trust Class K Target-date Active
T. Rowe Price Retirement 2035 Active Trust Class K Target-date Active
T. Rowe Price Retirement 2040 Active Trust Class K Target-date Active
T. Rowe Price Retirement 2045 Active Trust Class K Target-date Active
T. Rowe Price Retirement 2050 Active Trust Class K Target-date Active
T. Rowe Price Retirement 2055 Active Trust Class K Target-date Active
T. Rowe Price Retirement 2060 Active Trust Class K Target-date Active
T. Rowe Price Retirement 2065 Active Trust Class K Target-date Active
State Street S&P 500 Index Securities Lending Series Fund Class II US Large Cap Index
State Street Russell Small/Mid Cap Index Securities Lending Series Fund Class II US Small Cap Index
State Street Global All Cap Equity Ex-U.S. Index Securities Lending Series Fund Class II International Equity Index
State Street U.S. Bond Index Securities Lending Series Fund Class XIV US Bonds Index
State Street U.S. Inflation Protected Bond Index Securities Lending Series Fund Class II US Bonds Index
Fidelity Blue Chip Growth Commingled Pool Class O US Large Cap Active
Jennison US Small-Cap Equity Fund Class 9 US Small Cap Active
Capital Group EuroPacific Growth Trust (US) Class U4 International Equity Active
FIAM Core Plus Commingled Pool Class C US Bonds Active
T. Rowe Price Stable Value Common Trust Fund R Stable Value Other
Great Gray CIT III for MetLife Group Annuity Contract No. 25554 Class J Stable Value Other
Voya Blended Stable Value I Stable Value Other
Voya Blended Stable Value II Stable Value Other
Voya Blended Stable Value III Stable Value Other
Thermo Fisher Scientific Inc. Common Stock Company Stock 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 first 6% of pay, after 1 year of service
Match cap 6% of pay
Effective match rate 100%
Vesting 100% vested in Company matching contributions after 2 years of service; participant contributions are immediately vested
Waiting period Immediate eligibility to participate (date of hire); 1 year of service required to receive Company match
$
Contribute this much to capture the full match
6% of your eligible pay, every paycheck.

100% match on first 6% of pay, after 1 year of service Contributing less than 6% of your eligible pay leaves part of Thermo Fisher Scientific, Inc.'s match unclaimed.

What the match is worth at your pay After 1 year of service, contributing 6%
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 Thermo Fisher Scientific, 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 U.S. Bond Index Securities Lending Series Fund Class XIV 70%
Vanguard Treasury Money Market Fund Investor Shares 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 U.S. Bond Index Securities Lending Series Fund Class XIV 49%
Vanguard Treasury Money Market Fund Investor Shares 21%
State Street S&P 500 Index Securities Lending Series Fund Class II 19%
State Street Global All Cap Equity Ex-U.S. Index Securities Lending Series Fund Class II 8%
State Street Russell Small/Mid Cap 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 U.S. Bond Index Securities Lending Series Fund Class XIV 28%
State Street Global All Cap Equity Ex-U.S. Index Securities Lending Series Fund Class II 15%
Vanguard Treasury Money Market Fund Investor Shares 12%
State Street Russell Small/Mid Cap 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 All Cap Equity Ex-U.S. Index Securities Lending Series Fund Class II 20%
State Street U.S. Bond Index Securities Lending Series Fund Class XIV 14%
State Street Russell Small/Mid Cap Index Securities Lending Series Fund Class II 8%
Vanguard Treasury Money Market Fund Investor Shares 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 All Cap Equity Ex-U.S. Index Securities Lending Series Fund Class II 25%
State Street Russell Small/Mid Cap 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.