Fortive Corporation

Everett, WA ManufacturingNAICS 335900

Self-funded health planPlan year 2025Renews January
9,170Participants-9% vs. prior year
$21.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 33Manufacturing in WABy participants

Overview

Fortive Corporation sponsors a self-funded health plan that covered 9,170 participants in plan year 2025, down 9% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
9,170 · prior year 10,076
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Fortive Corporation Health and Welfare Benefits Plan, plan 501 (9,170 participants)
Broker compensation
$160K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
Vision Service PlanVision3,987$11.4M—
Securian Life Insurance CompanyLife5,234$3.9M$90K
Unum Life Insurance Company of AmericaLong-term disability, Accident and Hospitalization, Short-term disability11,654$2.5M$69K
First Unum Life Insurance CompanyShort-term disability516$125K$2K

Pharmacy benefit estimate

StreamRX estimate for a plan this size. Not based on this plan's claims.

$21.7M/ year

Estimated prescription spend: 9,170 participants × $2,371 national average per member. Usually higher once dependents are counted.

$565K–$1.4M/ year

Typical savings opportunity found in independent reviews of plans this size.

Brands with a generic available$165K–$413K
Lower-cost therapeutic alternatives$241K–$504K
Generic pricing vs. actual cost$104K–$313K
PBM contract terms$54K–$163K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
Fortive Corporation
Sponsor EIN
47-5654583
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 47-5654583 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Fortive Retirement Savings Plan
Type
401(k) plan
Participants
13,591

About this data

Source: Fortive Corporation's Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Fortive Corporation.

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