PlanOptica
Retirement plan

FORTIVE RETIREMENT SAVINGS PLAN

FORTIVE CORPORATIONEIN 47-5654583Plan #001PY 2022
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6920 SEAWAY BLVD - EVERETT, WA 982035829425-446-6210fortive.comLinkedIn10001+ employeeselectrical/electronic manufacturing
Prospect flagsLow participation

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(425) 446-6210
How to read this page

Summary metrics

Total assets (EOY)
$1625.8M
-22.4% from 2017
Total participants
15,472
-19.1% from 2017
Average account balance
$162,549
-14.0% from 2017
Annual return
-17.16%
-26.44 pp from 2017

Benchmarks

See 101 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants>=10,000
Cohort101 peers
Snapshot2022
Participant deferral / active EE
$7,590
median $7,572
Employer contribution / active EE
$4,832
median $4,531
Participation rate
54.0%
median 95.9%
Avg account balance
$162,549
median $127,170
Admin fee / account holder
$123
median $62
Annual return
-17.16%
median -15.10%
Overall peer rank
34th 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 6 by compensation
ProviderService typeCompensation
FIDELITY INV'S INST'L OP'S CO, LLC1 year
Service code 37 · EIN 04-2647786
Loan Processing
$525,559
STRATEGIC ADVISORS, INC.1 year
Service code 27 · EIN 04-2654524
Advisory (Plan)
$416,640
SEYFARTH SHAW6 years
Service code 29 · EIN 36-2152202
Legal
$110,411
R.V. KUHNS & ASSOCIATES INC1 year
Service code 16 · EIN 93-0910652
Consulting
$103,128
NEWPORT GROUP, INC1 year
Service code 16 · EIN 27-2037969
Consulting
$40,000
FIDELITY INVESTMENTS TAX-EXEMPT SER1 year
Service code 64
82 DEVONSHIRE STREET · BOSTON, MA 02109
Recordkeeping Fees
$38,350

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
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (1)

  • Fortive Corporation Deferred Compensation Plan17 emp
Open the filing PDF

Plan features & details

Pension benefit codes2E2G2J2R2S2T3H3J
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2G
    Total participant-directed account plan
    Participants 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.
  • 2J
    Code section 401(k) feature
    Cash 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.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
  • 3J
    U.S.-based Puerto Rico dual-qualified plan
    U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

1 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II
Admin total
$1.2M
$104 / participant
  • Other / not subdivided$1M100.0%
% of EOY assets
0.076%
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 LLP
Auditor EIN
346565596
Audit fees
(not subdivided)
Opinion code
Unqualified