Fisher Scientific International LLC 401(k) Review & Grade
Thermo Fisher 401(k) Retirement Plan for Employees of Puerto Rico
Pittsburgh, PAWholesale Trade634 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,345Employer $ per active participant
$3,446Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$32.7MNet plan assets, end of year
$45,845Average balance per account
Score breakdown
- Employer generosity31.1 / 5062th percentile for employer $ per participant
- Low cost20.2 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1530th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 81th |
| Employee saving | 30th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Fisher Scientific International put in about $2,345 per active participant, more than the typical peer ($1,792). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,486,656 |
| Participant (employee) contributions | $2,184,659 |
| Other contributions (incl. rollovers in) | $528 |
| Administrative expenses paid from the plan | $21,916 |
| Investment advisory & management fees | $305 |
| Benefits paid out | $1,809,075 |
| Net assets, start / end of year | $27.4M / $32.7M |
| Active participants, start / end of year | 626 / 642 |
| Participants with account balances | 714 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pricewaterhouse Coopers, LLP |
Largest service providers (Schedule C)
| Fidelity Investments | $21,611 reported compensation |
| Strategic Advisors, Inc. | $305 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250625114115NAL0011489168001, received 2025-06-25, EIN 02-0451017, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.