Illinois › Manufacturing › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Abbott Laboratories Annuity Retirement 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.
Abbott Laboratories of Abbott Park, Illinois sponsors Abbott Laboratories Annuity Retirement Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 30,365 participants (16,718 active) and $8.59B in net assets.
Net assets came to $282,820 per participant, well above the $88,040 median for defined benefit plans with 25,000 or more 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.
Employer contributions were $300M for the year ($17,945 per active participant) and benefits paid were $269M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 7 service provider organisations paid $5,000 or more, with reported compensation of $4.2M: $140 per participant, close to the same-size median of $143. Administrative expenses charged to the plan were $8.9M. 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 $5.10B in 2009 to $8.59B in 2024 (up 68%), and participants from 58,467 to 30,365 (down 48%).
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 | $282,820 | $88,040 | $67,961 | $86,221 |
| Employer contributions per active participant | $17,945 | $6,524 | $6,915 | $10,244 |
| Schedule C compensation per participant | $140 | $143 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.05% | 0.26% | 0.47% | 0.42% |
| Administrative expenses per participant | $294 | $306 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 25,000 or more participants (215 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 | 30,365 | $8.59B | $282,820 | $300M | $23.1M | $4.2M |
| 2023 | 30,538 | $7.82B | $255,970 | $298M | $22.9M | $4.9M |
| 2022 | 29,325 | $6.77B | $230,760 | $298M | $25.3M | $5.6M |
| 2021 | 27,935 | $7.62B | $272,844 | $298M | $25.0M | $5.6M |
| 2020 | 26,113 | $6.59B | $252,524 | $296M | $24.8M | $5.6M |
| 2019 | 25,009 | $5.66B | $226,119 | $281M | $25.4M | $5.9M |
| 2018 | 23,821 | $4.66B | $195,618 | $281M | $25.0M | $5.8M |
| 2017 | 22,770 | $4.80B | $210,939 | $281M | $24.7M | $6.0M |
| 2016 | 22,539 | $4.02B | $178,381 | $281M | $24.1M | $5.6M |
| 2015 | 21,474 | $3.62B | $168,627 | $479M | $23.6M | $5.6M |
| 2014 | 20,552 | $3.31B | $161,080 | $494M | $27.5M | $5.6M |
| 2012 | 59,059 | $6.45B | $109,198 | $310M | $25.6M | $4.4M |
| 2011 | 58,940 | $5.73B | $97,194 | $240M | $24.6M | $4.4M |
| 2010 | 58,894 | $5.72B | $97,169 | $240M | $23.3M | $18.9M |
| 2009 | 58,467 | $5.10B | $87,178 | $266M | — | $10.6M |
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$7,816,817,195
- Employer contributions$300,000,000
- Participant contributions$23,050,028
- Rollovers and other contributions—
- Total contributions$323,050,028
- Total income, including investment results$1,049,225,312
- Benefits paid$269,291,672
- Administrative expenses$8,929,249
- Total expenses$278,220,921
- Net income$771,004,391
- Net transfers$0
- Net assets, end of year$8,587,821,586
Participants
- Active participants16,718
- Retired or separated, receiving benefits7,021
- Retired or separated, entitled to future benefits6,303
- Total participants, end of year30,365
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Umr | Claims processing; Plan Administrator | $1,264,353 | $0 |
| United Healthcare | Claims processing; Plan Administrator | $1,023,744 | $0 |
| Express Scripts, Inc. | Claims processing; Plan Administrator | $976,266 | $0 |
| Coordinated Care Programs LLC | Claims processing; Plan Administrator | $439,846 | $0 |
| Luminare Health Benefits, Inc. | Claims processing; Plan Administrator | $346,095 | $0 |
| RX Savings Solutions | Claims processing; Plan Administrator | $176,645 | $0 |
| Humana Insurance Company | Claims processing; Plan Administrator | $11,289 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 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
- Contract administrator fees$4,239,713
- Other administrative expenses$3,086,237
- Recordkeeping fees$1,359,805
- Actuarial fees$208,494
- IQPA audit fees$35,000
- Total administrative expenses$8,929,249
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.
- Master trust investment accounts$8.28B · 96.3%
- Receivables$316M · 3.7%
- Cash (interest and non-interest bearing)$68K · 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 related1ECode section 401(h) arrangement3HPlan 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 - Abbvie Multiple Employer Pension Plan | 23,300 | $4.22B |
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| John Deere Pension Plan for Salaried Employees | Deere & Company | 34,156 | $8.72B | $255,399 |
| John Deere Pension Plan for Wage Employees | Deere & Company | 29,364 | $4.12B | $140,218 |
| GE Healthcare Pension Plan | GE Healthcare Technologies Inc. | 93,650 | $13.7B | $146,722 |
| Graphic Communications National Pension Fund | Board of Trustees of Gc-Npf | 26,608 | $1.54B | $58,002 |
| Abbott - Abbvie Multiple Employer Pension Plan | Abbott Laboratories | 23,300 | $4.22B | $180,954 |
| Conagra Brands, Inc. Pension Plan | Conagra Brands, Inc. | 23,164 | $1.80B | $77,521 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Abbott Laboratories Annuity Retirement Plan?
30,365 participants at the end of the plan year ending 31 Dec 2024, of whom 16,718 were active employees, with net assets of $8,587,821,586. Among defined benefit plans that places it in the 25,000 or more participants band, which held 215 plans in plan year 2024.
What does Abbott Laboratories contribute per participant?
The filing reports $300,000,000 in employer contributions for the year, which is $17,945 per active participant; the median for plans of the same type and size was $6,524 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $4,238,238 in compensation to service provider organisations, $140 per participant or 0.05% of net assets. The same-size median among plans reporting any Schedule C compensation was $143 per participant. Administrative expenses on Schedule H were $8,929,249. 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: Umr, United Healthcare and Express Scripts, Inc.. 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 333, 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.