Plan Snapshot
- Plan Sponsor: Fortive Corporation
- Sponsor EIN: 475654583
- Sponsor Address: 6920 SEAWAY BLVD, EVERETT, WA, 982035829
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 9,435
- Total Assets: $1.6B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 9,435 | $1.6B | $0 | $0 |
| 2024 | 9,525 | $2.1B | $62.9M | $96.5M |
| 2023 | 9,399 | $1.9B | $61.0M | $94.3M |
| 2022 | 11,898 | $1.6B | $57.5M | $90.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | Investment Advisor | $485,901 | — | $485,901 |
| FIDELITY INV'S INST'L OP'S CO, LLC | Recordkeeper | $201,576 | — | $201,576 |
| R.V. KUHNS & ASSOCIATES INC | Other Service Provider | $117,585 | — | $117,585 |
| SEYFARTH SHAW | ERISA Attorney | $97,938 | — | $97,938 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $903,000
- Estimated Expense Ratio: 0.055% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $235,419,350 | $401,807 | $600 | — | — |
| 2024 | $1,295,873 | $420,725 | $2,400 | — | — |
| 2023 | $1,036,936 | $459,858 | — | — | — |
| 2022 | $1,232,198 | — | — | — | $1,232,198 |