Deferred Compensation Plan (DCP)
Enjoy tax-advantaged savings to help you achieve your longer-term financial goals with our Deferred Compensation Plan (DCP). The DCP offers a dollar-for-dollar match on deferrals in the Plan, up to 6% of your total cash compensation that exceeds the IRS limit on compensation recognized in the 401(k) Plan, after one year of employment.
- 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 must enroll online with Fidelity during the annual enrollment period, or upon being notified of eligibility. The DCP enrollment widow will occur with Fidelity November 11 – 25. Detailed information and invites to web sessions will be sent in advance.
