PlanOptica
Retirement plan

FORTIVE UNION RETIREMENT SAVINGS PLAN

FORTIVE CORPORATIONEIN 47-5654583Plan #002PY 2017
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6920 SEAWAY BLVD - EVERETT, WA 98203425-446-6210fortive.comLinkedIn10001+ employeeselectrical/electronic manufacturing
Other plans on this EIN
1 filing
#001Retirement-$1.68B assets
Prospect flagsLow returns

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(425) 446-6210
Plan administrator signer
JOSEPH WEST
Signed 09/27/2018
How to read this page

Summary metrics

Total assets (EOY)
$86.8M
-11.7% from 2017
Total participants
1,879
-8.9% from 2017
Average account balance
$58,086
-7.9% from 2017
Annual return
14.53%
-14.53 pp from 2017

Benchmarks

See 786 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants1,000-4,999
Cohort786 peers
Snapshot2017
Participant deferral / active EE
$2,310
median $4,043
Employer contribution / active EE
$2,607
median $2,120
Participation rate
71.1%
median 93.4%
Avg account balance
$58,086
median $74,647
Admin fee / account holder
$87
median $61
Annual return
14.53%
median 17.64%
Overall peer rank
30th 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 5 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL2+ years
Service code 37 · EIN 04-2647786
Loan Processing
$62,707
GROOM LAW GROUP1 year
Service code 29 · EIN 52-1219029
Legal
$23,400
STRATEGIC ADVISORS, INC2+ years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$23,382
SEYFARTH SHAW1 year
Service code 29 · EIN 36-2152202
Legal
$11,178
R.V. KUHNS AND ASSOCIATES2+ years
Service code 16 · EIN 93-0910652
Consulting
$10,791

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 codes2E2G2J2R2T2S
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.

Opportunity flags

1 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II
Admin total
$131K
$98 / participant
  • Other / not subdivided$131K100.0%
% of EOY assets
0.150%
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