Retirement plan
FORTIVE UNION RETIREMENT SAVINGS PLAN
FORTIVE CORPORATIONEIN 47-5654583Plan #002PY 2016
6920 SEAWAY BLVD - EVERETT, WA 98203425-446-6210fortive.comLinkedIn10001+ employeeselectrical/electronic manufacturing
Other plans on this EIN
1 filingProspect flagsLow participant contribution
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JOSEPH WEST
Signed 10/15/2017
Summary metrics
Total assets (EOY)
$76.7M
-11.7% from 2017
Total participants
1,711
-8.9% from 2017
Average account balance
$53,476
-7.9% from 2017
Annual return
0.00%
-14.53 pp from 2017
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants1,000-4,999
Cohort780 peers
Snapshot2016
9
Participant deferral / active EE
$1,338
median $3,767
40
Employer contribution / active EE
$1,495
median $1,953
26
Participation rate
79.8%
median 93.0%
39
Avg account balance
$53,476
median $65,074
70
Admin fee / account holder
$22
median $46
0
Annual return
0.00%
median 8.11%
Overall peer rank
37of 100
37th percentileavg across 6 metrics
Analytics
2016 - 2019
Total assets (EOY)
Plan-year ending balance
$71.79M
Average account balance
Total assets / participants with a balance (line 6g)
$62K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
1,276
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$4.18M
Contributions per participant
Average employer and participant contribution per enrolled participant
$4K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.61%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$127
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 3 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $19,834 |
STRATEGIC ADVISORS, INC1+ years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $10,145 |
R.V. KUHNS AND ASSOCIATES1+ years Service code 16 · EIN 93-0910652 | Consulting | $2,678 |
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
1 tripped
- OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
Expense breakdown
Schedule H Part II
Admin total
$32K
$23 / participant
- Other / not subdivided$32K100.0%
% of EOY assets
0.042%
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