PlanOptica
Retirement plan

FORTIVE UNION RETIREMENT SAVINGS PLAN

FORTIVE CORPORATIONEIN 47-5654583Plan #002PY 2019
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6920 SEAWAY BLVD - EVERETT, WA 982035829425-446-6210fortive.comLinkedIn10001+ employeeselectrical/electronic manufacturing
Other plans on this EIN
1 filing
#001Retirement-$1.89B assets
Prospect flagsLow returnsLow participation

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(425) 446-6210
Plan administrator signer
EVAN REMENIH
Signed 07/30/2020
How to read this page

Summary metrics

Total assets (EOY)
$71.8M
-11.7% from 2017
Total participants
2,217
-8.9% from 2017
Average account balance
$61,520
-7.9% from 2017
Annual return
15.61%
-14.53 pp from 2017

Benchmarks

See 2,415 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants250-999
Cohort2,415 peers
Snapshot2019
Participant deferral / active EE
$2,014
median $3,318
Employer contribution / active EE
$2,424
median $1,501
Participation rate
0.0%
median 90.4%
Avg account balance
$61,520
median $57,249
Admin fee / account holder
$127
median $98
Annual return
15.61%
median 21.56%
Overall peer rank
33rd 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 4 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL4+ years
Service code 37 · EIN 04-2647786
Loan Processing
$71,940
STRATEGIC ADVISORS, INC4+ years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$33,890
R. V. KUHNS & ASSOCIATES INC1 year
Service code 16 · EIN 93-0910652
Consulting
$27,503
SEYFARTH SHAW3 years
Service code 29 · EIN 36-2152202
Legal
$16,650

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 codes2E2G2J2R2T2S3H
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)).

Opportunity flags

2 tripped
  • OpportunityLow participation

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

  • OpportunityLow returns

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

Expense breakdown

Schedule H Part II
Admin total
$149K
$158 / participant
  • Investment mgmt$34K22.8%
  • Other / not subdivided$115K77.2%
% of EOY assets
0.207%
all-in expense ratio
Categories reported
1 / 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