We offer a highly competitive and generous 401(k) retirement savings plan, including company matching contributions, paired with financial tools and resources to support your long-term savings goals.
Plan Overview
U.S. residents
Thermo Fisher’s 401(k) Plan is administered by Fidelity. You are eligible to contribute immediately, subject to plan and IRS limits as indicated below. After completing one year of service, you become eligible to receive a company match on your pre‑tax and Roth after‑tax contributions. If you join the plan on or after April 1, 2026: You are eligible for a 5% company match after one year of service. If you joined before April 1, 2026: Your match follows the plan rules in effect at your date of enrollment.1
Thermo Fisher’s 401(k) Plan is administered by Fidelity. You are eligible to contribute immediately, subject to plan and IRS limits as indicated below. The company will match 100% of the first 5% of eligible pay you contribute. The match applies to both pre-tax and Roth after-tax contributions. Additionally, you are eligible for a 2% non-elective contribution.
You can contribute on a pre-tax, Roth after-tax and non-Roth after-tax basis.
| Pre-tax | Roth after-tax | Non-Roth after-tax | |
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How it Works |
Contributions are deducted from your paycheck before taxes are taken out; you’re taxed on your contributions and investment earnings at time of distribution |
Contributions are deducted from your paycheck after taxes are taken out; you’re not taxed on your contributions and investment earnings at time of qualified distribution |
Contributions are deducted from your paycheck after taxes are taken out; you’re taxed on your investment earnings at time of distribution. Eligible for in-plan Roth rollover. |
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Employer Match |
Eligible after one year of service Eligible |
Not Eligible |
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Deferral Limits |
1% – 75% of eligible pay |
1% – 7% of eligible pay |
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IRS Compensation Limit |
$360,000 for 2026 |
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IRS Contribution Limits |
$24,500 for 2026 (includes any pre-tax or Roth after-tax contributions) $72,000 for 2026 (includes all contribution types – pre-tax, Roth after-tax, non-Roth after-tax and company matching contributions) |
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Catch-up Contributions |
$8,000 over the annual IRS limit if you will be age 50 or older in 2026 (company match does not apply) |
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Vesting |
100% vested immediately in your contributions; 100% vested after two years of service for company matching contributions 40% vested after one year, 70% vested after two years and 100% vested after three years of service for company matching contributions |
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Rollovers |
You can roll over vested balances from other qualified employers’ plans to the Thermo Fisher Plan |
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1 Please note: eligibility for programs and benefit coverage(s) may differ for members of collective bargaining units.
How to Enroll
You are immediately eligible to enroll in the plan.
- To make your deferral and investment elections, visit netbenefits.fidelity.com or call Fidelity at 1-800-TFS-0076.
- If you do not enroll within 35 days of hire, you will be enrolled automatically at 3% pre-tax. Your deferrals will be invested in an age-based target date fund.
Puerto Rico residents
Thermo Fisher’s 401(k) Plan is administered by Fidelity. You are eligible to contribute immediately, subject to plan and IRS limits as indicated below. The company will match 100% of the first 6% of eligible pay on pre-tax and Roth after-tax contributions after one-year of employment.1
1May not apply to members of collective bargaining units.
How to Enroll
You are immediately eligible to enroll in the plan. To make your deferral and investment elections, visit netbenefits.fidelity.com or call Fidelity at 1-800-TFS-0076.
