Deferred Compensation Plan (DCP)
Enjoy tax-advantaged savings to help you achieve your longer-term financial goals with our Deferred Compensation Plan (DCP). After completing one year of service, you become eligible to receive a company match on your DCP deferrals. For colleagues who are hired on or after April 1, 2026, the DCP provides a dollar-for-dollar match on eligible deferrals, up to 5% of your total cash compensation that exceeds the IRS limit on compensation recognized in the 401(k) Plan. For colleagues who were hired before April 1, 2026, the match follows the plan rules in effect at your date of hire.
- Defer your annual base salary and/or your Annual Incentive Plan (AIP) bonus
- Choose investment options similar to the Thermo Fisher Scientific 401(k) Retirement Savings Plan
- Enjoy flexibility in how and when deferred compensation is distributed
- Be vested immediately
How to Participate
To participate in the DCP, you can enroll online with Fidelity during the annual enrollment period in the fall. Detailed information and invites to web sessions will be sent in advance. If you become eligible during the calendar year, you will receive notice of the next available quarterly enrollment window.
