Henry Schein, Inc. 401(k): Fidelity, match 5% max
Henry Schein, Inc. 401(k) Savings Plan · HSIC · CIK 1000228
Fidelity Investments is the recordkeeper named on the Form 5500 filed for this plan, the company that keeps the account records. Where to log in, and what the filing says.
Matched to this employer by sponsor name, not by an identifier stated in the filing.
Maximum employer match, as a share of pay
5%
Henry Schein, Inc. matches 100% (dollar-for-dollar) of the first 5% of pay.
From the Form 11-K filed June 18, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · what it used to be · when the money becomes yours · who can join · who holds your account · what the plan reports to the DOL · how it compares · what to do next
What Henry Schein puts in, and what the plan costs
What Henry Schein put into the plan, per active participant
$4,493
Henry Schein, Inc. put $4,493 into this plan for each of its 7,079 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match. This filing covers many unrelated employers under one plan, so the figure is an average across all of them rather than one employer's behaviour.
It is kept out of every peer group. Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
What this figure cannot separate: how much Henry Schein pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 113136595, plan 003 · DOL EFAST2 ↗
The $4,493 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. Henry Schein, Inc. also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $2,475 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What Henry Schein puts in
$2,475
a year, at a $49,500 salary.
The match paragraph, word for word
“For Plan years beginning on and after January 1, 2021, the Employer Match is a percentage of participant 401(k) Contributions set by the Company in its discretion. Starting with the 2021 Plan Year, this percentage was set at 100 % of participant 401(k) Contributions up to the lesser of 7 % or the participant’s deferral percentage, multiplied by the participant’s base compensation, as defined under the Plan. Effective January 1, 2025, the Employer Match was set at 100 % of participant 401(k) Contributions up to the lesser of 5 % or the participant’s deferral percentage, multiplied by the participant’s base compensation, as defined under the Plan.”
What you contribute to collect all of it
Contribute at least 5% of your pay to collect the full match.
That is $2,475 a year at a $49,500 salary, and it scales with your own.
Vesting score
45.71 out of 100
How fast the employer’s money becomes yours. Higher than 2% of the 369 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 0%, 0%, 20%, 40%, 60%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participants are immediately vested in their 401(k) Contributions plus actual earnings thereon. Vesting in the Profit Sharing Contribution and the Employer Match, plus actual earnings thereon, is based on years of continuous service, on a graded scale as follows: Vested Vesting percentage 2 but less than 3 years 20% 3 but less than 4 years 40% 4 but less than 5 years 60% 5 or more years 100%”
A worker hired today collects no match for 1 year. This is a filed term, and it does not move the score above.
Eligibility, word for word
“All employees (other than temporary employees) are eligible to make salary reduction contributions to the Plan upon hire and become eligible to be credited with Profit Sharing Contributions and the Employer Match (each as described below) upon completion of a one year period of service. Temporary employees are eligible to make salary reduction contributions to the Plan and to be credited with Profit Sharing Contributions and the Employer Match on the first July 1 or January 1 following the completion of a twelve consecutive month period during which the temporary employee is credited with at least one thousand hours of service or the completion of three consecutive plan years starting on or after January 1, 2021 in each of which the temporary employee is credited with at least five hundred hours of service.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
92nd percentile
$129.93 per participant in plan-paid administrative cost, more expensive than 92% of plans with 5,000+ participants.
What is Henry Schein's 401(k) match formula?
Henry Schein's 401(k) employer match tops out at 5% of pay. The match is deposited once a year. One rate up to one limit is the commonest of the four shapes a match formula takes.
| Match formula | 100% (dollar-for-dollar) of the first 5% of pay |
|---|---|
| Maximum employer match | 5% of compensation |
| Deposited | Once a year |
| Paid in company stock | No, paid in cash or per your investment elections |
| Conditions | The Employer Match is a percentage of participant 401(k) Contributions set by the Company in its discretion. Effective January 1, 2025, matching contributions are calculated on an annual basis (previously quarterly) and a participant must be employed on the last Friday of the Plan Year, or have retired, died, or become disabled during the year, to be eligible for a matching contribution for that Plan Year. |
| Current formula effective | January 1, 2025 |
| Other employer contribution | Discretionary Profit Sharing Contribution of a percentage of a participant's base compensation; there were no discretionary Profit Sharing Contributions for the years ended December 31, 2025 and 2024 |
At a $45,000 salary, contributing 5% ($2,250) earns the full employer match of $2,250 for the year.
What the filing says, word for word
“For Plan years beginning on and after January 1, 2021, the Employer Match is a percentage of participant 401(k) Contributions set by the Company in its discretion. Starting with the 2021 Plan Year, this percentage was set at 100 % of participant 401(k) Contributions up to the lesser of 7 % or the participant’s deferral percentage, multiplied by the participant’s base compensation, as defined under the Plan. Effective January 1, 2025, the Employer Match was set at 100 % of participant 401(k) Contributions up to the lesser of 5 % or the participant’s deferral percentage, multiplied by the participant’s base compensation, as defined under the Plan.”
Source: Form 11-K filed June 18, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What did Henry Schein's 401(k) match used to be?
Henry Schein changed its 401(k) match on January 1, 2025. The formula in force now is 100% (dollar-for-dollar) of the first 5% of pay.
| Since January 1, 2025 | 100% (dollar-for-dollar) of the first 5% of pay |
|---|---|
| Before | Starting with the 2021 Plan Year, the Employer Match was set at 100% of participant 401(k) Contributions up to the lesser of 7% or the participant's deferral percentage, multiplied by the participant's base compensation; effective January 1, 2025 the cap was reduced to 5% |
What is Henry Schein's 401(k) vesting schedule?
Henry Schein vests the employer match on a graded schedule: 20% after two years, rising to 100% after five. Each step is money that leaves with you that year, which is how a graded schedule differs from a cliff.
| Employer match vesting | Graded: 20% at 2 yr, 40% at 3 yr, 60% at 4 yr, 100% at 5 yr |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Year of service | Years of continuous service |
| Accelerated vesting | In the event of Plan termination, participants become 100% vested in their accounts |
| Other employer contributions | The Profit Sharing Contribution vests on the same graded scale as the Employer Match (20%/40%/60%/100% at 2/3/4/5 years of continuous service) |
Vesting, word for word
“Participants are immediately vested in their 401(k) Contributions plus actual earnings thereon. Vesting in the Profit Sharing Contribution and the Employer Match, plus actual earnings thereon, is based on years of continuous service, on a graded scale as follows: Vested Vesting percentage 2 but less than 3 years 20% 3 but less than 4 years 40% 4 but less than 5 years 60% 5 or more years 100%”
Source: Form 11-K filed June 18, 2026, SEC EDGAR · SEC ↗
Who can join Henry Schein's 401(k), and is enrollment automatic?
Henry Schein enrolls new hires automatically at 3% of pay.
| Plan entry | All employees (other than temporary employees) are eligible to make salary reduction contributions upon hire; temporary employees after 12 consecutive months with at least 1,000 hours of service or three consecutive plan years each with at least 500 hours of service |
|---|---|
| Match eligibility | Employees become eligible to be credited with Profit Sharing Contributions and the Employer Match upon completion of a one year period of service; temporary employees on the first July 1 or January 1 after meeting their service requirement |
| Excluded groups | Temporary employees are subject to longer service requirements before participating |
| Automatic enrollment | Yes: default deferral 3% of pay |
Eligibility, word for word
“All employees (other than temporary employees) are eligible to make salary reduction contributions to the Plan upon hire and become eligible to be credited with Profit Sharing Contributions and the Employer Match (each as described below) upon completion of a one year period of service. Temporary employees are eligible to make salary reduction contributions to the Plan and to be credited with Profit Sharing Contributions and the Employer Match on the first July 1 or January 1 following the completion of a twelve consecutive month period during which the temporary employee is credited with at least one thousand hours of service or the completion of three consecutive plan years starting on or after January 1, 2021 in each of which the temporary employee is credited with at least five hundred hours of service.”
Automatic enrollment, word for word
“The Plan provides for the automatic enrollment in the Plan, at a deferral percentage of 3 % of compensation, of eligible employees initially hired by the Company or its participating affiliates on or after March 1, 2014, unless the employee elects not to make 401(k) plan contributions or elects to make 401(k) Contributions at a different percentage.”
Source: Form 11-K filed June 18, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports Fidelity Investments, filed as “FIDELITY INVESTMENTS INSTITUTIONAL”. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
10,593 plans on file name Fidelity Investments as their recordkeeper. Of those, the 10,022 with a computable fee have a median plan-paid cost of $97.71 per participant.
Participants log in at Fidelity NetBenefits ↗. 401(k) Monitor is not affiliated with Fidelity Investments or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | Fidelity Investments |
|---|---|
| Recordkeeper EIN | 042647786 |
What does the Henry Schein plan report on Form 5500?
The Henry Schein plan reported $1.6B in assets and 10,384 participants for plan year 2024.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
| Plan named in the DOL record | Henry Schein, Inc. 401(k) Savings Plan |
|---|---|
| Total plan assets | $1,555,294,659 |
| Participants | 10,384 |
| Plan-paid admin cost per participant | $129.93 |
How that cost compares
This plan pays $129.93 per participant. The median across plans in wholesale trade is $149.72, from the 3,304 of 3,490 whose Form 5500 yields a per-participant cost.
Read from the Form 5500 filing of Henry Schein, Inc. 401(k) Savings Plan, which has no page of its own here.
How does Henry Schein's 401(k) match compare?
Henry Schein, Inc.'s maximum 401(k) match of 5% of pay compares with a median of 4% across the 269 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file in wholesale trade, two report the same recordkeeper and one vests on the same schedule.
Maximum match 5% of pay. Also in wholesale trade.
Maximum match 5% of pay. Also in wholesale trade.
Maximum match 4.5% of pay. Also in wholesale trade.
Maximum match 5% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 5% of pay. Same recordkeeper, Fidelity Investments.
Match vests in steps, 100% after 5 years. Also fully vested after 5 years, like Henry Schein.
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 18, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
Questions this filing answers
What is Henry Schein, Inc.'s 401(k) match?
Henry Schein, Inc. matches 100% of employee contributions up to 5% of eligible pay (plan year ended December 31, 2025).
When does the Henry Schein, Inc. 401(k) match vest?
Graded: 20% at 2 yr, 40% at 3 yr, 60% at 4 yr, 100% at 5 yr.
Does Henry Schein, Inc.'s 401(k) plan have automatic enrollment?
Yes: default deferral 3% of pay.
Who is the recordkeeper for Henry Schein, Inc.'s 401(k)?
Fidelity Investments is named as the recordkeeper on the Form 5500 filed for Henry Schein, Inc. 401(k) Savings Plan for plan year 2024. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
Did Henry Schein, Inc. change its 401(k) match?
Yes. Starting with the 2021 Plan Year, the Employer Match was set at 100% of participant 401(k) Contributions up to the lesser of 7% or the participant's deferral percentage, multiplied by the participant's base compensation; effective January 1, 2025 the cap was reduced to 5% The current terms took effect January 1, 2025.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that Henry Schein, Inc. filed with the US Securities and Exchange Commission for the plan year ended December 31, 2025. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | Henry Schein, Inc. |
| SEC CIK | 1000228 |
| Accession number | 0001000228-26-000032 |
| Plan | Henry Schein, Inc. 401(k) Savings Plan |
| Period of report | December 31, 2025 |
| Filed | June 18, 2026 |
401(k) Monitor is not affiliated with Henry Schein, Inc., with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “Henry Schein, Inc. 401(k) plan facts”, from SEC Form 11-K accession 0001000228-26-000032, plan year ended December 31, 2025.
