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Thermo Fisher Scientific 401(k) retirement plan: the investment options
Does your 401(k) vote the way you would? $8.04bn of the $10.25bn in the Thermo Fisher Scientific plan votes in secret. Fidelity 500 Index Fund, the most common fund in the plans we track, publishes every vote: answer 3 of its ballots, then see your result.
The question on the ballot
As filed
Thermo Fisher Scientific 401(k) match and balances, from the filing
- Company money in
- about $5,090 per active participant
- $267m in plan year 2024
- Employees saved
- about $9,150 each
- $479m in plan year 2024
- Average balance
- $150,100
- 68,375 people with a balance
- In the plan
- $10.26bn
- at the end of plan year 2024
Company money is the match plus any other employer contributions, averaged over all 52,390 active participants, including anyone who did not contribute. The filing reports dollars, not the match formula; the plan’s summary plan description states the formula.
SourceThe plan’s annual report to the Department of Labor — Form 5500, Schedule H, plan year 2024 · filed by THERMO FISHER SCIENTIFIC INC. as “THERMO FISHER SCIENTIFIC INC. 401(K) RETIREMENT PLAN” · EIN 042209186, plan number 001 · search the filings
The Thermo Fisher Scientific 401(k) holds $10.25bn. Of the $8.04bn we could identify from the plan’s own filing, every dollar sits in a fund that publishes no record of how it voted your shares — collective trusts, which unlike a mutual fund file no Form N-PX and leave no public trace of a single vote.
SourceThermo Fisher Scientific’s own annual retirement-plan filing with the SEC (Form 11-K, Schedule of Assets) · open the filing
| What the plan holds | Vehicle | Voting record | Value |
|---|---|---|---|
| T. Rowe Pricelisted as “Retirement 2035 Active Trust Class K” | Collective trust or separate account | NONE | $1.23bn |
| T. Rowe Pricelisted as “Retirement 2040 Active Trust Class K” | Collective trust or separate account | NONE | $1.13bn |
| T. Rowe Pricelisted as “Retirement 2030 Active Trust Class K” | Collective trust or separate account | NONE | $1.05bn |
| State Street Global Advisorslisted as “State Street S P 500 Index Securities Lending Series Fund Class II” | Not identified from the filing | Not counted either way | $932m |
| T. Rowe Pricelisted as “Retirement 2045 Active Trust Class K” | Collective trust or separate account | NONE | $881m |
| T. Rowe Pricelisted as “Retirement 2025 Active Trust Class K” | Collective trust or separate account | NONE | $705m |
| T. Rowe Pricelisted as “Retirement 2050 Active Trust Class K” | Collective trust or separate account | NONE | $670m |
| Fidelitylisted as “Fidelity Blue Chip Growth Commingled Pool Class O (1)” | Collective trust or separate account | NONE | $571m |
| T. Rowe Pricelisted as “Retirement 2055 Active Trust Class K” | Collective trust or separate account | NONE | $462m |
| T. Rowe Pricelisted as “T. Rowe Price Stable Value Common Trust Fund R” | Collective trust or separate account | NONE | $336m |
| T. Rowe Pricelisted as “Retirement 2020 Active Trust Class K” | Collective trust or separate account | NONE | $315m |
| Dodge Coxlisted as “Dodge Cox Stock Fund Class X” | Not identified from the filing | Not counted either way | $313m |
The 12 largest holdings in the plan. “Vehicle” is the description the filing itself gives each investment.
Why there is nothing to show
A mutual fund has to file Form N-PX every year listing every vote it cast on your behalf. A collective investment trust does not. It is a bank-run vehicle sold only inside retirement plans, it is cheaper, and it is now where most 401(k) default money sits — including most target-date funds, which is where savers who never chose anything are put.
So the shares bought with Thermo Fisher Scientific employees’ retirement savings are voted every proxy season — on executive pay, on board seats, on climate and workforce proposals — and there is no public document anywhere recording how. This is not an oversight by Thermo Fisher Scientific; it is what the disclosure rules currently require, which is to say: nothing.
What you can do
Check whether your plan offers any registered fund as an alternative — those publish their records, and you can read them here. If it does not, the menu itself is the thing that has to change, and that is a decision made by the plan’s fiduciary committee, not by you alone.
See how funds that do publish voted →
CoverageWe classified 81.6% of this plan’s assets from the filing. The figure above is the share of the money we could classify; anything we could not identify is excluded from it rather than assumed either way.
Other employer plans
The largest employer plans on the site, and a few more. Each page shows what the plan’s funds did with the shares its savers paid for.