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.
