Fortive Corporation 401(k) Review & Grade
Fortive Retirement Savings Plan
Everett, WAManufacturing9,634 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,525Employer $ per active participant
$10,021Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$2.1BNet plan assets, end of year
$162,114Average balance per account
Score breakdown
- Employer generosity40.3 / 5081th percentile for employer $ per participant
- Low cost17.8 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving12.1 / 1581th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score80 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 71th |
| Employee saving | 81th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Fortive put in about $6,525 per active participant, more than the typical peer ($3,452). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $62,856,832 |
| Participant (employee) contributions | $96,533,409 |
| Other contributions (incl. rollovers in) | $14,604,809 |
| Administrative expenses paid from the plan | $1,295,873 |
| Contract administrator fees | $2,400 |
| Investment advisory & management fees | $420,725 |
| Other admin expenses | $417,275 |
| Benefits paid out | $247,689,122 |
| Net assets, start / end of year | $1.9B / $2.1B |
| Active participants, start / end of year | 9,742 / 9,525 |
| Participants with account balances | 13,189 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young LLP |
| Employer stock held by plan | $36,132,450 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $510,889 reported compensation |
| Fidelity Inv's Inst'l Op's Co, LLC | $380,004 reported compensation |
| R.V. Kuhns & Associates Inc | $114,160 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731011244NAL0011868738001, received 2025-07-31, EIN 47-5654583, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.