Healthcare Provider Update: Fortive Corporation partners with various healthcare providers through its Advanced Healthcare Solutions segment, focusing on delivering mission-critical technologies for medical instruments and healthcare facilities. As of 2025, Fortive is well-positioned to navigate the anticipated shifts in healthcare costs and innovations related to connected workflows. Looking ahead to 2026, healthcare costs are expected to rise significantly, potentially impacting many American families. Record premium increases for Affordable Care Act (ACA) marketplace plans are projected, with some state premiums soaring by over 60%. This surge in costs is largely driven by higher medical expenses, the potential cessation of federal premium subsidies, and increased rates from major insurers. Without congressional action to extend these subsidies, many policyholders could see their premiums spike by up to 75%, highlighting the urgent need for consumers to prepare for these financial changes. Click here to learn more
A recent Fidelity Investments poll illuminates new trends in the ever-changing retirement planning landscape. Notably, 66% of respondents envision a phased-in approach to retirement, which deviates from the conventional full-stop strategy. This choice shows a shift towards flexible retirement solutions across generations, as evidenced by the significant interest shown by both Gen Zers and millennials.
The wide-ranging implications of this trend point to the necessity of flexibility in retirement advice and planning when preparing to retire from Fortive. The departure from traditional retirement models highlights a more comprehensive reassessment of retirement goals and work-life balance, reflecting shifting perspectives toward the end of your Fortive career. Advisors who want to fulfill their Fortive clients' complex needs must have a thorough understanding of these preferences as retirement planning continues to change.
A growing number of retirees who desire social connection and intellectual stimulation in addition to financial security are adopting the idea of 'Work for Pleasure' in phased retirement, a viable option for Fortive employees.
According to an American Psychological Association study, continuing to work after retirement can enhance mental well-being, increase life satisfaction, and facilitate the transition to complete retirement. Retirement is now seen as a new chapter with opportunity for learning, growth, and contribution rather than as an end. This is especially true for seasoned professionals from high-ranking roles.
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Retirement is becoming less and less like the unexpected curtain call at the end of a play and more like a well planned art display. Similar to how an exhibition progressively moves from one theme and era to another, providing visitors with an extensive array of experiences, the modern retirement trip, as defined by Fidelity Investments, takes place in stages. With this method, people can combine the elegant brushstrokes of their personal passions and hobbies with their professional creations. Today's retirees and soon-to-be retirees find joy and fulfillment in doing work that pleases them, much like an artist who paints for the love of art even after their formal career has concluded. This is creating a retirement experience that is as nuanced and fulfilling as a well-curated gallery.
What type of retirement plan does Fortive offer to its employees?
Fortive offers a 401(k) retirement savings plan to help employees save for their future.
Does Fortive provide a company match for contributions made to the 401(k) plan?
Yes, Fortive provides a company match on employee contributions to the 401(k) plan, enhancing the overall savings potential.
What is the eligibility requirement to participate in Fortive's 401(k) plan?
Employees are eligible to participate in Fortive's 401(k) plan after completing a specified period of employment, typically 30 days.
Can employees at Fortive choose their contribution percentage to the 401(k) plan?
Yes, employees at Fortive can choose their contribution percentage, allowing for flexibility in saving according to their financial goals.
What investment options are available in Fortive's 401(k) plan?
Fortive's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
How often can employees change their contribution amounts to Fortive's 401(k) plan?
Employees can change their contribution amounts to Fortive's 401(k) plan at any time, subject to plan rules and limits.
Does Fortive allow for loans against the 401(k) balance?
Yes, Fortive's 401(k) plan may allow employees to take loans against their balance, subject to specific terms and conditions.
What happens to my 401(k) account if I leave Fortive?
If you leave Fortive, you can choose to leave your funds in the plan, roll them over to another qualified plan, or withdraw them, subject to tax implications.
Is there a vesting schedule for Fortive's company match in the 401(k) plan?
Yes, Fortive has a vesting schedule for the company match, meaning employees must work for a certain period to fully own the matched contributions.
Can I access my Fortive 401(k) funds in case of financial hardship?
Yes, Fortive allows for hardship withdrawals under certain conditions, following IRS guidelines and plan rules.