Retirement plan
FORTIVE RETIREMENT SAVINGS PLAN
FORTIVE CORPORATIONEIN 47-5654583Plan #001PY 2018
6920 SEAWAY BLVD - EVERETT, WA 98203425-446-6210fortive.comLinkedIn10001+ employeeselectrical/electronic manufacturing
Other plans on this EIN
1 filingProspect flagsNo flags tripped
Filing contacts
From the Form 5500, federal recordPlan administrator signer
EVAN REMENIH
Signed 10/14/2019
Summary metrics
Total assets (EOY)
$1603.6M
-22.4% from 2017
Total participants
16,297
-19.1% from 2017
Average account balance
$118,768
-14.0% from 2017
Annual return
-0.81%
-26.44 pp from 2017
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants>=10,000
Cohort87 peers
Snapshot2018
58
Participant deferral / active EE
$7,720
median $6,700
78
Employer contribution / active EE
$5,578
median $3,820
12
Participation rate
73.4%
median 95.0%
50
Avg account balance
$118,768
median $118,768
37
Admin fee / account holder
$76
median $52
90
Annual return
-0.81%
median -4.94%
Overall peer rank
54of 100
54th percentileavg across 6 metrics
Analytics
2016 - 2024
Total assets (EOY)
Plan-year ending balance
$2.14B
Average account balance
Total assets / participants with a balance (line 6g)
$162K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
13,189
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
95.8%
Contributions (total)
Employer and participant dollars contributed each year
$159.39M
Contributions per participant
Average employer and participant contribution per enrolled participant
$17K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+16.23%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$98
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 4 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $472,673 |
STRATEGIC ADVISORS INC3+ years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $359,627 |
RV KUHNS & ASSOCIATES3+ years Service code 16 · EIN 93-0910652 | Consulting | $99,124 |
SEYFARTH SHAW2 years Service code 29 · EIN 36-2152202 | Legal | $77,294 |
Top hat statement on fileNQDC
Filed December 7, 2018 (most recent of 2 filings on file)
Plan administrator
Plan administrator name— Sign in and upgrade to view
6920 Seaway Blvd
Everett State: WA Zip Code: 98203
Plans declared (1)
- Fortive Corporation Deferred Compensation Plan17 emp
Plan features & details
Pension benefit codes2E2G2J2R2T2S
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
Opportunity flags
0 tripped
No flags tripped for this filing year. This plan looks clean.
Expense breakdown
Schedule H Part II
Admin total
$1.0M
$97 / participant
- Other / not subdivided$1M100.0%
% of EOY assets
0.064%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- ERNST & YOUNG
- Auditor EIN
- 346565596
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified