Fortis Life Sciences 401(k) match, vesting and fees
What Fortis Life Sciences' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | ADP, Inc. | Schedule C ↗ |
| Independent auditor | Baker Tilly US, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 9,213 defined-contribution plans in professional, scientific, and technical services with 100 to 499 participants.
| Fortis Life Sciences: employer contribution per participant | $2,543 | |
| Peer median | $2,521 |
| Fortis Life Sciences: average balance | $64,119 | |
| Peer median | $75,833 |
| Fortis Life Sciences: admin expenses ÷ assets | 0.04% | |
| Peer median | 0.27% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $1.5M at the end of plan year 2022 to $21M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 328 | $21M | $832K | $2,543 | 0.04% | Not published | Form 5500 ↗ |
| 2023 | 323 | $12.9M | $838K | $2,610 | 0.11% | Not published | 5500-SF ↗ |
| 2022 | 50 | $1.5M | $151K | $3,082 | 0.06% | Not published | 5500-SF ↗ |
Common questions
Does Fortis Life Sciences match 401(k) contributions?
The match terms for the Fortis Life Sciences, LLC 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $832K in employer contributions, about $2,543 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Fortis Life Sciences 401(k) match vested?
The vesting schedule for the Fortis Life Sciences, LLC 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Fortis Life Sciences 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is ADP, Inc.. The plan administrator is Fortis Life Sciences LLC.
I left Fortis Life Sciences. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Fortis Life Sciences LLC, (936) 597-2101) or the recordkeeper, ADP, Inc.. The Fortis Life Sciences old 401(k) page lists the contacts from every plan filing. Find an old Fortis Life Sciences 401(k)
Data from the public Form 5500 annual reports Fortis Life Sciences filed with the U.S. Department of Labor (plan years 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Fortis Life Sciences. Not financial advice. Report a correction · Methodology