Illinois › Manufacturing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Abbott - Abbvie Multiple Employer Pension Plan
Sponsored by Abbott Laboratories, Abbott Park, IL
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2024, Abbott - Abbvie Multiple Employer Pension Plan covered 23,300 participants and held $4.22B in net assets. The plan is a cash balance pension plan sponsored by Abbott Laboratories of Abbott Park, Illinois. It is a multiple-employer plan covering the employees of more than one employer.
Net assets came to $180,954 per participant, well above the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and well above the $67,961 median for defined benefit plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 15 service provider organisations paid $5,000 or more, with reported compensation of $13.9M: $595 per participant, well above the same-size median of $232. Administrative expenses charged to the plan were $16.4M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $3.75B in 2013 to $4.22B in 2024 (up 12%), and participants from 27,828 to 23,300 (down 16%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $180,954 | $87,623 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $9,468 | $6,915 | $10,244 |
| Schedule C compensation per participant | $595 | $232 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.33% | 0.30% | 0.47% | 0.42% |
| Administrative expenses per participant | $704 | $396 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 plans), manufacturing (1,532) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 23,300 | $4.22B | $180,954 | — | — | $13.9M |
| 2023 | 23,757 | $4.04B | $169,951 | — | — | $12.2M |
| 2022 | 24,284 | $3.69B | $151,934 | — | — | $13.0M |
| 2021 | 24,702 | $4.50B | $182,170 | — | — | $14.2M |
| 2020 | 25,079 | $4.19B | $166,985 | — | — | $11.2M |
| 2019 | 25,474 | $3.89B | $152,661 | — | — | $10.3M |
| 2018 | 25,848 | $3.43B | $132,608 | — | — | $10.6M |
| 2017 | 26,217 | $3.87B | $147,725 | — | — | $8.9M |
| 2016 | 26,546 | $3.54B | $133,259 | — | — | $8.6M |
| 2015 | 26,925 | $3.47B | $128,947 | — | — | $6.7M |
| 2014 | 27,356 | $3.78B | $138,351 | — | — | $7.8M |
| 2013 | 27,828 | $3.75B | $134,811 | — | — | $1.7M |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$4,037,524,233
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$371,887,798
- Benefits paid$176,775,249
- Administrative expenses$16,403,979
- Total expenses$193,179,228
- Net income$178,708,570
- Net transfers$0
- Net assets, end of year$4,216,232,803
Participants
- Active participants161
- Retired or separated, receiving benefits13,182
- Retired or separated, entitled to future benefits8,243
- Total participants, end of year23,300
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Wellington Trust Company | Investment management | $2,062,903 | $0 |
| Brandywine Global Investment LLC | Investment management | $1,712,072 | $0 |
| Gmo LLC | Investment management | $1,637,561 | $0 |
| Midocean Credit Fund MGMT, LP | Investment management | $1,456,561 | $0 |
| Westlake Financial Group | Investment management | $1,325,348 | $0 |
| Jennison Associates LLC | Investment management | $1,239,551 | $0 |
| Alight Solutions LLC | Recordkeeping and information management | $1,127,076 | $0 |
| Aligned Investors Global | Investment management | $954,475 | $0 |
| The Northern Trust Company | Trustee (bank, trust company, or similar financial institution); Investment management | $752,891 | $0 |
| Granite Investment Partners | Investment management | $595,994 | $0 |
| Loomis Sayles | Investment management | $457,249 | $0 |
| Cliffwater LLC | Investment management | $250,000 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 smaller rows are not shown. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$11,841,055
- Other administrative expenses$2,522,723
- Recordkeeping fees$1,146,081
- Trustee and custodial fees$674,536
- Actuarial fees$174,851
- IQPA audit fees$36,500
- Legal fees$8,233
- Total administrative expenses$16,403,979
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Corporate stocks$1.27B · 30.1%
- Common/collective trusts$862M · 20.4%
- Partnership/joint venture interests$761M · 18.0%
- Corporate debt instruments$591M · 14.0%
- 103-12 investment entities$327M · 7.7%
- Registered investment companies (mutual funds)$266M · 6.3%
- U.S. Government securities$135M · 3.2%
- Receivables$13.9M · 0.3%
- Cash (interest and non-interest bearing)$658K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmGrant Thornton LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $15,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1CCash balance or similar plan1IFrozen plan3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 325410: Pharmaceutical & Medicine Mfg.
Other plans of Abbott Laboratories
| Plan | Participants | Net assets |
|---|---|---|
| Abbott Laboratories Stock Retirement Plan | 61,408 | $17.8B |
| Abbott Laboratories Annuity Retirement Plan | 30,365 | $8.59B |
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Graphic Communications National Pension Fund | Board of Trustees of Gc-Npf | 26,608 | $1.54B | $58,002 |
| Conagra Brands, Inc. Pension Plan | Conagra Brands, Inc. | 23,164 | $1.80B | $77,521 |
| John Deere Pension Plan for Wage Employees | Deere & Company | 29,364 | $4.12B | $140,218 |
| Msi Pension Plan | Motorola Solutions, Inc. | 22,259 | $3.25B | $145,909 |
| Abbott Laboratories Annuity Retirement Plan | Abbott Laboratories | 30,365 | $8.59B | $282,820 |
| Abbvie Pension Plan | Abbvie Inc. | 20,388 | $5.05B | $247,538 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Abbott - Abbvie Multiple Employer Pension Plan?
23,300 participants at the end of the plan year ending 31 Dec 2024, of whom 161 were active employees, with net assets of $4,216,232,803. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Abbott Laboratories contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $13,870,667 in compensation to service provider organisations, $595 per participant or 0.33% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $16,403,979. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Abbott Laboratories. Recordkeeping or administration: Alight Solutions LLC. Investment advisory or management: Wellington Trust Company, Brandywine Global Investment LLC and Gmo LLC. Trustee or custodian: The Northern Trust Company. The financial statements were audited by Grant Thornton LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 9 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 36-0698440, plan 300, received 9 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.