Henry Schein, Inc. 401(k) Savings Plan
Henry Schein, Inc. · Melville, NY · EIN 113136595 · Plan 003 · Form 5500 for plan year 2024
This is a pooled multiple-employer plan, so its participant and asset totals span many unrelated employers.
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. That is the whole employer side, matching money, profit sharing, non-elective and safe-harbor contributions and reallocated forfeitures together, because the Form 5500 reports them on one line, so it is not the match rate. 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 and takes no score.
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: Form 5500 filing for the plan year ended December 31, 2024, received by the DOL June 26, 2025 · 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 on its own for plan year 2025: the section 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 the plan cost, per participant
$129.93
The plan paid $129.93 per participant in plan-paid administrative expenses in plan year 2024, more expensive than 92% of plans with 5,000+ participants. The middle plan of that size paid $54.84.
Why a plan this big pays less per person before anything else
Bigger plans pay less per head by construction, because the same negotiated bill divides across more people. That is why this ranking sits inside the plan's own size cohort and is never taken across all plans.
Schedule H reports only what came out of plan assets. Fees the sponsor pays directly, and fees taken inside fund expense ratios, never appear here, so this is a floor and not the all-in cost.
401(k) Monitor Score
Not scored
This is a pooled plan covering many unrelated employers, so its figures are averages across a client book. It takes no score, and it is kept out of every peer group so that it does not move anybody else's standing.
It keeps whichever of the two it does report, above. Nothing is filled in from an average, from another year or from another plan, because a two-part score computed on one part is a different measure wearing the same name.
What the score would read, on a filing that carries both: Where this plan stands against plans of its size and industry on two amounts its Form 5500 reports: employer money in per active person, and plan-paid cost per person. It reads no match formula, no vesting schedule and no fund lineup, because a Form 5500 states none of them.
On this page: the match and vesting terms · what to check next · every figure on the filing · fees itemised · the plans this one is ranked against · service providers
The match and vesting terms, from a Form 11-K
The match formula and the vesting schedule are stated in a Form 11-K, which is filed only by employers whose plan holds company stock. A Form 5500 reports neither.
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 1% of the 253 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.
The match, vesting and eligibility terms above are read from the Form 11-K filed by Henry Schein, Inc., whose page states the full formula, the vesting schedule and the sentence behind each one.
Matched to this employer by sponsor name, not by an identifier stated in the filing. That Form 11-K covers Henry Schein, Inc. 401(k) Savings Plan.
What to check next
This filing is not about one employer
One Form 5500 covers many unrelated employers here, so every figure on this page is an average across all of them. The match, the vesting schedule and the fees that apply to one worker are set by that worker’s own employer, and none of the three is stated in this filing.
Collecting the whole match
Henry Schein’s Form 11-K pays the whole match at 5% of pay, which is $2,475 a year at a $49,500 salary and scales with your own. Your payslip and your Fidelity NetBenefits ↗ account both show the rate you set. A rate below 5% collects less than the whole match.
That Form 11-K covers plan year 2025. The plan’s Summary Plan Description states the terms in force, and the plan administrator must provide it to participants on request.
What to ask about the fees
This plan paid $129.93 per participant out of plan assets, more than 92% of plans with 5,000+ participants, where the middle plan paid $54.84. The filing does not say what the difference buys. Two questions put that to a benefits or HR team: what the recordkeeping and administration contract costs, and how much of it comes out of participant accounts rather than being paid by Henry Schein. The lines this total is made of are further down.
Your own numbers are not on this page
Every figure here is the whole plan for plan year 2024, taken from one filing and divided by headcounts. Your own contribution rate, your balance and the fees taken from your account are on your recordkeeper’s site, which this filing names as Fidelity NetBenefits ↗. What you may put in during a year is set by the IRS and not by the plan: this year’s limits ↗.
Key figures
| Total plan assets, end of year | $1,555,294,659 |
|---|---|
| Net assets | $1,555,287,455 |
| Participants, beginning of year | 10,384 |
| Of which active | 7,079 |
| Plan type | Multiple employer |
| Size cohortThe peer group we rank fees against. | 5,000+ participants |
| Employer share of the money that went in, plan year 2024The rest came from employees, who put in $63,400,069. The share falls when employees save more, so a plan whose staff contribute heavily reads lower here through no act of the employer. It is printed as a fact and it is not part of the score. | 33% |
Plan-paid administrative expenses
The plan paid $1,349,164 in administrative expenses in plan year 2024, across 10,384 participants: $129.93 per participant.
| Contract administrator fees | $5,400 |
|---|---|
| Professional fees | not reported in filing |
| Investment management fees | $716,736 |
| Other administrative fees | $80,000 |
These are plan-paid expenses from Schedule H only. Fees the sponsor pays directly, and fees embedded in fund expense ratios, never appear here. This figure is a floor, not the all-in cost, and a low number is not “free”.
The plans this one is ranked against
Fees on this page are ranked against the 5,000+ participant cohort, where the median plan pays $54.84 per participant. The sponsor files from New York, one of 3,878 plans on file there, at a median of $108.03 per participant. Its business code places the plan in wholesale trade, one of 3,490 on file, which run to a median of $149.72.
Plans of a similar size in New York
| Plan | Participants | Cost per participant |
|---|---|---|
| Xylem Retirement Savings PlanXylem Inc. | 10,438 | $126.67 |
| Bronx Center Healthcare Systems 401(k) PlanBronx Center For Rehabilitation & Healthcare | 10,415 | $62.00 |
| Genpact U. S. 401(k) Savings PlanGenpact, LLC | 10,306 | $59.48 |
| Moog Inc. Retirement Savings PlanMoog, Inc. | 10,242 | $97.94 |
Service providers (Schedule C)
Recordkeeper: Fidelity Investments (as filed: “FIDELITY INVESTMENTS INSTITUTIONAL”)
10,593 plans on file name Fidelity Investments as their recordkeeper, at a median of $97.71 per participant.
| Provider | Service codes | Direct comp. ($) | Indirect comp. ($) |
|---|---|---|---|
| Financial Engines | 27 | 596,298 | not reported |
| Fidelity Investments Institutional | 65, 99, 64, 60, 37 | 531,786 | 0 |
| Alterity Group, LLC | 16 | 80,000 | not reported |
| State Street Global Advisors Trust | 27 | 62,500 | not reported |
| Aon Investments USA Inc. | 27 | 57,938 | not reported |
| Proskauer | 29 | 20,642 | not reported |
Useful links
- Find a 401(k) you left at an old job ↗
The DOL's Retirement Savings Lost & Found. Free and official.
- Look up this plan's full Form 5500 ↗
The DOL's own filing search. Search by plan or sponsor name.
- Download this plan's data (CSV) ↗
Every field on this page, one row, ready for a spreadsheet.
Source
| Dataset | DOL EFAST2 Form 5500 bulk data (FOIA) |
|---|---|
| Form year | 2024 |
| Filing ACK_ID | 20250626143213NAL0009063841001 |
| Dataset last refreshed | July 28, 2026 |
Bulk dataset at askebsa.dol.gov ↗ · Look up the filing on EFAST2 ↗
Filings lag by design: a plan can file up to 9½ months after its year ends, so this is the newest data on file. Why filings lag
Cite this page
401(k) Monitor, "Henry Schein, Inc. 401(k) Savings Plan: Form 5500 facts", from DOL EFAST2 filing 20250626143213NAL0009063841001, plan year ended December 31, 2024.