Retirement plan
FORTIVE RETIREMENT SAVINGS PLAN
FORTIVE CORPORATIONEIN 47-5654583Plan #001PY 2023
6920 SEAWAY BLVD - EVERETT, WA 982035829425-446-6210fortive.comLinkedIn10001+ employeeselectrical/electronic manufacturing
Prospect flagsNo flags tripped
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$1916.3M
-22.4% from 2017
Total participants
14,013
-19.1% from 2017
Average account balance
$141,913
-14.0% from 2017
Annual return
20.20%
-26.44 pp from 2017
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants5,000-9,999
Cohort138 peers
Snapshot2023
76
Participant deferral / active EE
$10,031
median $6,345
84
Employer contribution / active EE
$6,491
median $3,583
45
Participation rate
94.6%
median 95.7%
69
Avg account balance
$141,913
median $105,713
47
Admin fee / account holder
$77
median $74
72
Annual return
20.20%
median 18.50%
Overall peer rank
65of 100
65th 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 5 by compensation
| Provider | Service type | Compensation |
|---|---|---|
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $459,858 |
Service code 37 · EIN 04-2647786 | Loan Processing | $357,550 |
R.V. KUHNS & ASSOCIATES INC2 years Service code 16 · EIN 93-0910652 | Consulting | $110,835 |
SEYFARTH SHAW7 years Service code 29 · EIN 36-2152202 | Legal | $61,765 |
Service code 64 82 DEVONSHIRE STREET · BOSTON, MA 02109 | Recordkeeping Fees | $47,943 |
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 codes2E2G2J2R2S2T3H3J
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.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
- 3JU.S.-based Puerto Rico dual-qualified planU.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
0 tripped
No flags tripped for this filing year. This plan looks clean.
Expense breakdown
Schedule H Part II
Admin total
$1.0M
$110 / participant
- Recordkeeping$358K34.5%
- Investment mgmt$460K44.3%
- Legal$62K6.0%
- Other / not subdivided$158K15.2%
% of EOY assets
0.054%
all-in expense ratio
Categories reported
3 / 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